{"id":146291,"date":"2023-07-17T08:52:44","date_gmt":"2023-07-17T08:52:44","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=146291"},"modified":"2023-07-17T14:53:24","modified_gmt":"2023-07-17T14:53:24","slug":"ethereum-eth-scaling-solution-zksync-launches-boojum-to-boost-network-performance","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ethereum-eth-scaling-solution-zksync-launches-boojum-to-boost-network-performance\/","title":{"rendered":"Ethereum (ETH) Scaling Solution zkSync Launches &#8220;Boojum&#8221; To Boost Decentralization"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>zkSync<\/strong>, a Layer 2 solution that uses<a href=\"https:\/\/crypto-economy.com\/zero-knowledge-proof-zkp\/\" target=\"_blank\" rel=\"noopener\"> Zero-Knowledge (ZK)<\/a> rollups to speed up transactions and lower gas fees on the <a href=\"https:\/\/crypto-economy.com\/ethscriptions-land-on-ethereum-bitcoin-ordinals-for-ethereum\/\" target=\"_blank\" rel=\"noopener\">Ethereum (ETH)<\/a> blockchain, <strong>has just launched a new upgrade called, <em>&#8220;<a href=\"https:\/\/zksync.mirror.xyz\/HJ2Pj45EJkRdt5Pau-ZXwkV2ctPx8qFL19STM5jdYhc\" target=\"_blank\" rel=\"noopener\">Boojum<\/a>&#8221; <\/em>in an effort to decentralize its network and lower the hardware barrier for users to participate in securing zkSync.<\/strong><!--more--><\/p>\n<p style=\"text-align: justify;\">In the blazing-paced world of blockchains and crypto, regular technological upgrades are pivotal to keep the wheels running to prevent security issues, improve compatibility and roll out new program features.<\/p>\n<p style=\"text-align: justify;\">This eventually will boost mainstream adoption, propelling the network to greener pastures. It means, continuous innovation and upgrades of blockchain networks have become mandatory if a crypto project wants to experience success.<\/p>\n<h2 style=\"text-align: left;\">Another Step in Decentralization<\/h2>\n<p style=\"text-align: justify;\">On July 17, the team behind zkSync took to Twitter to announce its new upgrade, <em>&#8220;Boojum,&#8221;<\/em> <strong>that will transition zkSync Era to a STARK-powered proof system, providing world-class performance on consumer-grade hardware.<\/strong><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Say hello to Boojum \ud83d\udc4b: zkSync Era\u2019s new high-performance proof system for radical decentralization. Boojum is an upgrade that will transition zkSync Era to a STARK-powered proof system, providing world-class performance on consumer-grade hardware.<\/p>\n<p>\ud83d\udca1\u00a0Learn more:\u2026 <a href=\"https:\/\/t.co\/1GrwJ5Y07A\" target=\"_blank\">pic.twitter.com\/1GrwJ5Y07A<\/a><\/p>\n<p>&mdash; zkSync \u220e (@zksync) <a href=\"https:\/\/twitter.com\/zksync\/status\/1680820952991408129?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">July 17, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify;\">zkSync\u2019s new prover will lower the hardware barrier for users to participate in securing zkSync by requiring only 8 gigabytes of hardware, compared to the previous average of 500 gigabytes. The zkSync team added,<\/p>\n<p style=\"text-align: center;\"><em>&#8220;The move to a STARK-based proof system represents a dramatic improvement in performance, and will help ensure a low latency for finality and support for increased levels of activity on zkSync Era and other ZK Stack-based systems.&#8221;<\/em><\/p>\n<p style=\"text-align: justify;\">According to the official blog post, <strong>the upgrade will also help in reducing <\/strong><strong>transaction time and <span data-preserver-spaces=\"true\">bolster\u00a0<\/span>decentralization, making digital self-ownership more accessible by building a blockchain network<\/strong> that is trustless, secure, permissionless, affordable and easy to use. zkSync CEO Alex Gluchowski believes Boojum could be a viable way to repurpose the mining industry.<\/p>\n<p style=\"text-align: justify;\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-146311 size-full\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2023\/07\/zkSync-e1689583525239.jpg\" alt=\"zkSync takes Another Step for Decentralization\" width=\"819\" height=\"305\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/07\/zkSync-e1689583525239.jpg 819w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/07\/zkSync-e1689583525239-300x112.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/07\/zkSync-e1689583525239-768x286.jpg 768w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/07\/zkSync-e1689583525239-18x7.jpg 18w\" sizes=\"(max-width: 819px) 100vw, 819px\" \/><\/p>\n<p style=\"text-align: justify;\">He noted, just like miners on\u00a0<a href=\"https:\/\/crypto-economy.com\/bitcoin-flies-xrp-ruling-btc-bulls-35k\/\" target=\"_blank\" rel=\"noopener\"><span class=\"link\">Bitcoin<\/span> (BTC)<\/a> and validators on <span class=\"link\">Ethereum (ETH)<\/span> are paid for securing their networks, so too would provers on zkSync. As per the post, currently, the launch is in so-called mainnet shadow mode, as part of the launch&#8217;s phased rollout. This model is a testing zone that runs in parallel to the mainnet. zkSync devs tweeted,<\/p>\n<p style=\"text-align: center;\"><em>&#8220;Boojum is now live on Mainnet, generating and verifying \u2018shadow proofs\u2019 today with real production data so that we can carefully test the system ahead of fully migrating.&#8221;<\/em><\/p>\n<h2 style=\"text-align: left;\">zkSync Witnesses Explosive Growth<\/h2>\n<p style=\"text-align: justify;\"><strong>This comes hot on the heels afterzkSync Era recently <a href=\"https:\/\/twitter.com\/zksync\/status\/1680185355943780353\" target=\"_blank\" rel=\"noopener\">announced<\/a> the launch of its new LIBERTAS OMNIBUS, a new non-fungible token (NFT) project on the network.<\/strong> It\u2019s an experimental NFT project on zkSync to explore new NFT standards, network superpowers, new protocol features, prototype collections with surprise creators, and just vibe.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udd1dzkSync&#39;s TPS Hit New ATH\ud83d\udd1d<\/p>\n<p>\u2728After Airdropping NFTs to Users, <a href=\"https:\/\/twitter.com\/zksync?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@zksync<\/a>&#39;s TPS Hits New ATH and Once Again Overtakes Ethereum in TPS<\/p>\n<p>\u2728Not only that, the total number of transactions over the past month of <a href=\"https:\/\/twitter.com\/hashtag\/zkSync?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#zkSync<\/a> also leads the L2 projects<\/p>\n<p>\u2705TPS: 12.6<br \/>\u270530D COUNT: 23.75 <a href=\"https:\/\/t.co\/LXMRC1BaBa\" target=\"_blank\">pic.twitter.com\/LXMRC1BaBa<\/a><\/p>\n<p>&mdash; zkSync Fans \u220e (@zkSyncFans) <a href=\"https:\/\/twitter.com\/zkSyncFans\/status\/1680460648248119296?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">July 16, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify;\"><span data-preserver-spaces=\"true\">Soon after the launch, the roll-up reached a new high. zkSync fans, a popular Twitter handle that talks about the development of the ecosystem, revealed that\u00a0<\/span><strong><span data-preserver-spaces=\"true\">zkSync&#8217;s transactions per second reached a new all-time high<\/span><\/strong><span data-preserver-spaces=\"true\">. Not only that, but the total number of transactions over the past month of zkSync also leads the L2 projects.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>zkSync, a Layer 2 solution that uses Zero-Knowledge (ZK) rollups to speed up transactions and lower gas fees on the Ethereum (ETH) blockchain, has just launched a new upgrade called, &#8220;Boojum&#8221; in an effort to decentralize its network and lower the hardware barrier for users to participate in securing zkSync.<\/p>\n","protected":false},"author":21,"featured_media":146312,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74,84,73],"tags":[4948,4679,5170],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/146291"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=146291"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/146291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/146312"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=146291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=146291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=146291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}