SKALE Launched New Decentralized ZK Scaling Solution
Key Points:
- SKALE has published the Levitation Protocol, a ZK rollup designed to give Ethereum developers with a new scaling alternative.
- To supplement Levitation, the core team wants to develop a standalone decentralized Layer 1 blockchain.
- A public testnet will be launched later this year, with a mainnet deployment scheduled for Q4 2023.
The “Levitation Protocol,” a new, fully-decentralized ZK scaling solution, has been launched by SKALE, the leading Ethereum scaling blockchain.
The Levitation Protocol will expand the possibilities of the ecosystem by allowing any operator of Zero Knowledge Proofs to provide a decentralized ZK solution to application developers through a SKALE Chain.
SKALE is an ecosystem of over 20 application-specific sidechains that run alongside Ethereum. These chains have the potential to give scaling advantages by deploying ZK-Rollups, which, together with Optimistic Rollups, are the most extensively used Layer 2 solutions.
The introduction of SKALE G (G for Ganymede, the biggest moon in the solar system), which promises to be the world’s fastest and most scalable decentralized Layer 1 blockchain, will help with levitation. This blockchain will be particularly created for publishing Levitation-derived Layer 2 ZK proofs back to Ethereum, with the goal of increasing Ethereum’s scalability by employing off-chain computing while maintaining the primary blockchain’s security.
SKALE Labs CEO and co-founder Jack O’Holleran stated:
“The Levitation Protocol will take SKALE to the next level, offering even more options for developers and businesses to build and scale their decentralized applications. We’re excited to see the impact Levitation will have on the future of the blockchain industry.”
A public testnet is expected later this year, with the mainnet launching in the fourth quarter of 2023. This, according to SKALE contributors, indicates that the network is aiming towards a thorough scaling-centric strategy.
As ZK projects scramble to build decentralized app-chain networks, the chain already has the world’s most robust and has completed over 70M transactions, making it naturally capable of integrating the best-in-class ZK EVM solutions.
The Dartmouth Blockchain Group just named SKALE the fastest blockchain in the world. The network has already established itself as one of the top ten blockchains in terms of daily transaction volume, with 86% month-over-month growth and over 400,000 unique users served in the previous 6 months. By providing app-specific chains, Layer 1, and Layer 2 alternatives, it takes a giant step ahead as a full-fledged blockchain scaling platform with the Levitation Protocol.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
Author
Blockchain
SKALE Launched New Decentralized ZK Scaling Solution
Key Points:
- SKALE has published the Levitation Protocol, a ZK rollup designed to give Ethereum developers with a new scaling alternative.
- To supplement Levitation, the core team wants to develop a standalone decentralized Layer 1 blockchain.
- A public testnet will be launched later this year, with a mainnet deployment scheduled for Q4 2023.
The “Levitation Protocol,” a new, fully-decentralized ZK scaling solution, has been launched by SKALE, the leading Ethereum scaling blockchain.
The Levitation Protocol will expand the possibilities of the ecosystem by allowing any operator of Zero Knowledge Proofs to provide a decentralized ZK solution to application developers through a SKALE Chain.
SKALE is an ecosystem of over 20 application-specific sidechains that run alongside Ethereum. These chains have the potential to give scaling advantages by deploying ZK-Rollups, which, together with Optimistic Rollups, are the most extensively used Layer 2 solutions.
The introduction of SKALE G (G for Ganymede, the biggest moon in the solar system), which promises to be the world’s fastest and most scalable decentralized Layer 1 blockchain, will help with levitation. This blockchain will be particularly created for publishing Levitation-derived Layer 2 ZK proofs back to Ethereum, with the goal of increasing Ethereum’s scalability by employing off-chain computing while maintaining the primary blockchain’s security.
SKALE Labs CEO and co-founder Jack O’Holleran stated:
“The Levitation Protocol will take SKALE to the next level, offering even more options for developers and businesses to build and scale their decentralized applications. We’re excited to see the impact Levitation will have on the future of the blockchain industry.”
A public testnet is expected later this year, with the mainnet launching in the fourth quarter of 2023. This, according to SKALE contributors, indicates that the network is aiming towards a thorough scaling-centric strategy.
As ZK projects scramble to build decentralized app-chain networks, the chain already has the world’s most robust and has completed over 70M transactions, making it naturally capable of integrating the best-in-class ZK EVM solutions.
The Dartmouth Blockchain Group just named SKALE the fastest blockchain in the world. The network has already established itself as one of the top ten blockchains in terms of daily transaction volume, with 86% month-over-month growth and over 400,000 unique users served in the previous 6 months. By providing app-specific chains, Layer 1, and Layer 2 alternatives, it takes a giant step ahead as a full-fledged blockchain scaling platform with the Levitation Protocol.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
Latest
Qubetics, Cosmos, and Chainlink: Why These Cryptos Are Your Best Bet for November 2024
Best Cryptos to Buy in December 2024: Qubetics Presale Goes Ballistic as Ethereum and Quant Look to Build Momentum
USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products
Press Release
Qubetics, Cosmos, and Chainlink: Why These Cryptos Are Your Best Bet for November 2024
Best Cryptos to Buy in December 2024: Qubetics Presale Goes Ballistic as Ethereum and Quant Look to Build Momentum
