Matter Labs announced the official launch of zkSync Era. This monumental achievement marks the first-ever zkEVM on Ethereum, opening the gates for registered projects to deploy on the mainnet.
A New Era Has Started
In a recent blog post, Matter Labs stated that the product is now fully open source, allowing users to view, modify, and fork the code. In addition, zkSync 2.0 has been rebranded as zkSync Era, while zkSync 1.0 is now known as zkSync Lite. This move is a nod to the team’s forward-thinking vision of a new era of Ethereum adoption.
But what does this mean for the future of cryptocurrency? With the launch of zkSync Era, Matter Labs is taking a giant leap forward in the race to scale Ethereum. The team also introduced Fair Onboarding Alpha, designed to welcome registered projects to launch on the new platform.
To ensure that everything runs smoothly, the mainnet will remain closed to end-users during this stage. This allows teams to deploy and test their applications in a closed environment before the system is opened to external users.
zkEVM is a layer-2 scaling solution for Ethereum that uses zero-knowledge proofs to enable privacy-preserving smart contracts. It builds on zkSync, a layer-2 scaling solution that uses zero-knowledge proofs to enable fast and cheap transactions on Ethereum.
The main idea behind zkEVM is to run a modified version of the Ethereum Virtual Machine (EVM) inside a zero-knowledge proof. This allows developers to create privacy-preserving smart contracts executed off-chain, which can significantly reduce transaction fees and increase transaction throughput.
With zkEVM, developers can write smart contracts that execute entirely within the zero-knowledge proof, which means that the contract’s inputs, outputs, and execution are all hidden from the public Ethereum network. This provides a level of privacy that is impossible with regular Ethereum smart contracts.
Even more exciting is that zkSync Era is free and open-source, as promised, under the MIT/Apache 2.0 license. This is all part of Matter Lab’s mission to be community-owned, and it’s clear that they are dedicated to delivering a product that is accessible to everyone.
The team has been working tirelessly to get to this point, and they are confident that their code is ready for the eyes of the public. Now that they have arrived at Fair Onboarding Alpha, they will update their protocol roadmap and publish an overview of the following milestones.
As we look to the future of cryptocurrency, it’s clear that Matter Labs is at the forefront of innovation. Their dedication to creating a product that is accessible and equitable for all is truly inspiring. The launch of the zkSync Era is just the beginning.
This new Era of cryptocurrency is inclusive, innovative, and forward-thinking. With the launch of zkSync Era, Matter Labs is paving the way for a future built on trust, transparency, and accessibility.