As zero-knowledge rollups are trustless, relying purely on maths and cryptographic proof to verify transactions, the one-week challenge window in optimistic rollups is unnecessary with zk-rollups, as exit transactions are executed once the zk-rollup contract has verified the validity proof and it is posted to Ethereum.
zkSync is a Layer 2 zero-knowledge scaling solution built on the Ethereum blockchain. Layer 2 solutions improve efficiency by moving away from the main network and operating without the relatively higher load on the main network.
After about 4 years of development, Matter Labs announced the launch of the main network of zkSync – Era. This marks the onset of public access to the zkSync Layer 2 network, as well as the first publicly launched zkEVM.
Big Ethereum "Shapella" Upgrade 🥳
Ethereum is getting a big upgrade today that will allow validators to withdraw staked ether for the first time.
Matter Labs is the creator of zkSync, a Layer 2 protocol that offers several improvements in the routine functioning of a blockchain network, such as faster withdrawals and lower transaction fees.
Matter Labs has raised over $250 million in financial support across four rounds of funding from prominent venture capitalists, including Binance, Okex, Andreessen Horowitz, and Consensys.
The zkSync Era mainnet launched on 24th March 2023, marking the onset of activities on the network.
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Zero-knowledge offers transaction privacy by masking the details of a transaction without dampening the validity of the transaction.