Categories: News

ZKsync Elastic Chain Launched to Support Expanding Layer 2 Ecosystem

Key Points:

ZKsync has launched Elastic Chain, a network of ZK rollups designed for security and interoperability.
The ZKsync 3.0 protocol upgrade introduces shared routing contracts to improve capital efficiency and simplify asset movement.
The ZKsync Elastic Chain leverages recursive ZK proofs for scalability, with over 20 new ZK Chains expected to join by 2024.

ZKsync unveiled today the launch of Elastic Chain, a network of ZK rollups designed for maximum security and seamless interoperability, offering users a unified and intuitive experience.

ZKsync Elastic Chain Launched for Enhanced Blockchain Interoperability

The introduction of the ZKsync Elastic Chain (ZKsync 3.0 protocol upgrade) marks a significant milestone, expanding the network of ZK Chains through shared routing contracts. The upgrade aims to tackle current challenges in user experience and capital efficiency within the multi-chain environment.

Released on June 7, 2024, the ZKsync 3.0 upgrade reconfigures the ZKsync L1 bridge into a shared router contract, laying the foundation for an extensive network of interoperable ZK Chains. The flagship ZKsync Era will soon be joined by more than 20 new ZK Chains scheduled for launch in 2024. Elastic Chain harnesses recursive ZK proofs, enabling infinite parallelism and rapid verification, establishing it as a highly scalable blockchain network.

Scaling Blockchain with Recursive ZK Proofs

The shift is part of the ecosystem’s broader strategy to enhance security and efficiency in asset movement across different Layer 1 and Layer 2 blockchains. Unlike traditional cross-chain bridges, Elastic Chain creates an ecosystem of interconnected autonomous chains, streamlining asset transfers and reducing friction.

The announcement follows ZKsync‘s recent roadmap update, marking a departure from its previous single Ethereum L2 setup to embrace the ZKsync Elastic Chain architecture. It positions ZKsync among the top scaling solutions aiming to foster interconnected Layer 2 networks, leveraging shared infrastructure for enhanced scalability and functionality.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.