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DeFi News

Matter Labs to Launch zkSync 2.0 Mainnet in 100 days

Matter Labs also released a roadmap for zkSync 2.0 and announced an upcoming zkSync 3.0.

Written By:
Stuti Mansata

Last updated: July 21, 2022 12:57 PM
Published July 21, 2022 12:57 PM
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Last updated: July 21, 2022 12:57 PM
Published July 21, 2022 12:57 PM
Matter Labs to Launch zkSync 2.0 Mainnet in 100 days

Matter Labs has announced that zkSync 2.0 will launch to the Mainnet in 100 days. In a detailed blog post the company outlines zkSync’s values, features and a public roadmap.

zkSync embodies the values of decentralization, Ethereum’s trustless security, scaling without degrading security and being fully open source amongst others.

Over the last year, we've been heads down working to scale Ethereum and accelerate its adoption.

Today, we’re happy to announce that zkSync 2.0 – the first zkEVM rollup – will be live on mainnet in 100 days.

Our public roadmap for the rest of the year: https://t.co/wRjxJGoQwN pic.twitter.com/FuttnPWxZY

— ZKsync (@zksync) July 20, 2022

zkSync’s features include EVM and web3 compatibility, Solidity and Vyper support, and more transactions per second for lower gas fees

zkSync promised to use a public roadmap going forward. The roadmap will be regularly updated and each milestone will be delivered in detail. Key milestones will also be announced beforehand and include a high-level assessment of long-term timelines.

zkSync’s public roadmap starts from the launch of zkSync 2.0 on the Ethereum testnet. After assessing the testnet, the company made significant improvements to the zkEVM including changes to the VM architecture and implementation of account abstraction.

The company implemented Solidity and Vyper support for easy porting and the dynamic fee model to ensure accurate pay-for-use fees.

By early fall, ZK proofs for EVM smart contracts will be in the live production environment. The registration for the mainnet will start by October .

In November, an Alpha version with no external projects, will be launched for testing and to ensure smooth functioning. The fourth quarter of 2022 will see Fair Launch onboarding process and by the year end, zkSync 2.0 will be live.

The blog post also announced an upcoming zkSync 3.0, without giving away more details about it.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Stuti Mansata - The Crypto Times' Former Content Writer
By Stuti Mansata
Living by the phrase 'as above, so below', Stuti Mansata is an IT Engineer and an ardent lover of words with a knack for finance and everything crypto.

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