The developers of the zkSync Era project unveiled a set of tools for creating modular, independent Layer 2 and Layer 3 solutions in the Ethereum ecosystem based on zero-knowledge (ZK) proof technology.
The Matter Labs team responsible for developing the zkSync Era project unveiled the ZK Stack, a set of tools for creating custom Layer 2 and Layer 3 solutions based on ZK-Rollups. The common name for such chains is Hyperchains. The project’s ultimate goal is to deploy a custom chain in a single click, but at the moment, ZK Stack is actually in the public testing phase.
With recursive scaling, the technology will significantly reduce fees, enable interoperability across all Hyperchains, and enable the near-limitless expansion of the ecosystem. It will also allow liquidity and credit to be transferred directly between protocols in the system, eliminating the need for cross-chain protocols, which are often vulnerable to hacker attacks.
Matter Labs representatives specify that the creation of Hyperchains is particularly relevant for projects that require individual network customization, high performance, special privacy requirements, or the ability to use a closed private network but connected to the rest of the ecosystem. For example, we are talking about social networks, trading platforms, and banking systems.
The zkSync Era blockchain is the first example of a practical implementation of a Layer 2 solution based on ZK Stack. It is worth noting that the network is one of the largest ZK projects in the Ethereum ecosystem. TVL in the network has already exceeded $633 million, and the average performance is 10 TPS and is gradually growing. Researchers note that ZK Stack is an alternative to the Superchain concept from the Optimism L2-protocol team, which is also among the largest ZK projects.
To refresh our memories, according to on-chain analytics in the first quarter of 2023, the most active growth in the Ethereum ecosystem was seen in the areas of Layer 2 solutions and ZK protocols.
