Matter Labs has rolled out zkSync 2.0 on the Ethereum testnet as the first layer 2 EVM compatible solutions based on ZK Rollup technology.
As per the blog post, the new deployment will help the platform to create and deploy the new decentralized application with low fees that will be fully compatible with Ethereum core language Solidity.
“Many predicted that a ZK Rollup solution capable of general computing would be a key component in the final stage of blockchain scalability, but until a year ago, many of the best minds in the industry believed that this was still far away”, noted in Matter Labs.
The team also discussed the infrastructure hierarchy to support developer efforts to access zkSync 2.0.
- Payment providers Banxa, Ramp Network, UTORG and MoonPay, as well as exchanges Crypto.com, Bybit, Huobi, Blockchain.com, OKEx and Ripio will work as wormholes between fiat and cryptocurrencies
- Celer, Connext, ZigZag, Orbiter, DAI Wormhole, Composable, Hop Exchange, LayerZero, PolyNetwork, deBridge, and Nomad will enable token transfers in a cost-efficient manner between zkSync 2.0 and other L1 and L2 protocols.
- Chainlink will serve oracle services to developers for off-chain data storing
- Graph Protocol and Covalent will index zkSync 2.0 to increase the adoption of blockchain
- zkSync 2.0 supports most Ethereum wallets including MetaMask, Argent, Numio, 1inch Wallet, MyKey, and imToken.
The decentralized organization BitDAO has previously raised $200 million to build projects in the zkSync ecosystem.
“The current version of zkSync 2.0 meets the needs of most applications on Ethereum, but as additional options are planned to be added in the near future, the solution will provide developers with opportunities for experimentation that are not currently available”, Matter Labs said.
To Get more updates about Decentralized Finance, visit The Crypto Times!
