{"id":168325,"date":"2024-07-02T16:35:39","date_gmt":"2024-07-02T16:35:39","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=168325"},"modified":"2024-07-02T16:35:42","modified_gmt":"2024-07-02T16:35:42","slug":"zksync-unleashes-elastic-chain-with-3-0-upgrade-for-seamless-multi-chain-transactions","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/zksync-unleashes-elastic-chain-with-3-0-upgrade-for-seamless-multi-chain-transactions\/","title":{"rendered":"ZKsync Unleashes Elastic Chain with 3.0 Upgrade for Seamless Multi-Chain Transactions"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\"><strong>ZKsync has launched its 3.0 version along with the &#8220;Elastic Chain,&#8221;<\/strong> a crucial upgrade to enhance Ethereum&#8217;s interoperability and efficiency.<\/li>\n<li style=\"text-align: justify\">The &#8220;Elastic Chain&#8221; aims to <strong>solve liquidity fragmentation issues and user complexity<\/strong> in Ethereum scaling solutions.<\/li>\n<li style=\"text-align: justify\">More than <strong>20 new ZK Stack<\/strong> chains are scheduled<strong> to launch in 2024.<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\"><strong><a href=\"https:\/\/crypto-economy.com\/zksync\/\" target=\"_blank\" rel=\"noopener\">ZKsync<\/a> has unveiled its &#8216;vision&#8217; for the blockchain&#8217;s future with the <a href=\"https:\/\/zksync.mirror.xyz\/BqdsMuLluf6AlWBgWOKoa587eQcFZq20zTf7dYblxsU\" target=\"_blank\" rel=\"noopener\">release<\/a> of version 3.0 and the introduction of the &#8220;Elastic Chain.&#8221;<\/strong> This marks a critical upgrade for its evolution as an Ethereum scaling solution, adopting a multi-chain architecture to enhance system interoperability and efficiency.<!--more--><\/p>\n<p style=\"text-align: justify\">With the deployment of ZKsync 3.0, which took place on June 7th, the platform has reconfigured its Layer 1 bridge into a shared router contract. This <strong>enables support for a growing network of interconnected ZK chains,<\/strong> <strong>known as ZK Chains<\/strong>, using its ZK Stack technology. This transformation positions ZKsync not only as a Layer 2 solution for Ethereum but as <strong>an &#8220;Elastic Chain&#8221; aiming to integrate multiple ZK chains natively and trustlessly.<\/strong><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Today, ZKsync unveils the Elastic Chain \u2014 an ever-expanding network of ZK rollups, secured by math and natively interoperable under a uniform, intuitive UX.<\/p>\n<p>Full post: <a href=\"https:\/\/t.co\/GnbsErZKOZ\" target=\"_blank\">https:\/\/t.co\/GnbsErZKOZ<\/a> <a href=\"https:\/\/t.co\/g9uScjAisa\" target=\"_blank\">pic.twitter.com\/g9uScjAisa<\/a><\/p>\n<p>&mdash; ZKsync (\u220e, \u2206) (@zksync) <a href=\"https:\/\/twitter.com\/zksync\/status\/1808125972434067699?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">July 2, 2024<\/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\">The Elastic Chain<strong> aims to address liquidity fragmentation issues and user experience complexity<\/strong> faced by current Ethereum scaling solutions. This initiative seeks to<strong> facilitate free movement of crypto assets across chains<\/strong>, optimizing capital efficiency and enhancing security through decentralized validations.<\/p>\n<h2>ZKsync to Launch Over 20 New Chains in 2024<\/h2>\n<p style=\"text-align: justify\">Additionally, the protocol has announced plans to bolster its network growth, with<strong> over 20 new ZK Stack chains scheduled to launch throughout 2024.<\/strong> The platform aims to expand its ecosystem and provide new opportunities for developers and users.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-76322\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2023\/12\/zkSync.jpg\" alt=\"zksync post\" width=\"825\" height=\"300\" \/><\/p>\n<p style=\"text-align: justify\">The introduction of the Elastic Chain comes at a crucial time. Competition to<strong> improve scalability and user experience<\/strong> in Ethereum&#8217;s Layer 2 solutions has grown exponentially. ZKsync holds a strategic position, pioneering the creation of <strong>a cohesive multi-chain environment that operates as a single unit.<\/strong><\/p>\n<p style=\"text-align: justify\">These announcements follow the recent <strong>ZK token<\/strong> <a href=\"https:\/\/crypto-economy.com\/what-is-a-cryptocurrency-airdrop\/\" target=\"_blank\" rel=\"noopener\"><strong>airdrop<\/strong><\/a>, aimed at rewarding early platform users. Initially, after the airdrop, ZK token&#8217;s market capitalization exceeded one billion dollars. However, it subsequently experienced a significant correction, <strong>showing a drop of nearly 38%, trading at $0.1792.<\/strong><\/p>\n<p style=\"text-align: justify\">ZKsync continues to set new standards for Ethereum&#8217;s Layer 2 solutions, and the introduction of the Elastic Chain promises to transform the scaling solutions market, offering a more integrated and efficient model for the future of blockchain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR ZKsync has launched its 3.0 version along with the &#8220;Elastic Chain,&#8221; a crucial upgrade to enhance Ethereum&#8217;s interoperability and efficiency. The &#8220;Elastic Chain&#8221; aims to solve liquidity fragmentation issues and user complexity in Ethereum scaling solutions. More than 20 new ZK Stack chains are scheduled to launch in 2024. ZKsync has unveiled its &#8216;vision&#8217; &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"ZKsync Unleashes Elastic Chain with 3.0 Upgrade for Seamless Multi-Chain Transactions\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/zksync-unleashes-elastic-chain-with-3-0-upgrade-for-seamless-multi-chain-transactions\/#more-168325\" aria-label=\"More on ZKsync Unleashes Elastic Chain with 3.0 Upgrade for Seamless Multi-Chain Transactions\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":168327,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9356,70,74],"tags":[4620,4679,5170,9822],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/168325"}],"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\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=168325"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/168325\/revisions"}],"predecessor-version":[{"id":168328,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/168325\/revisions\/168328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/168327"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=168325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=168325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=168325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}