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The highly anticipated 2.0 mainnet launch by Layer-2 solutions vendor zkSync, which will speed up scaling and security for Ethereum, is approaching. Expected to go live by October 28 the zkSync 2.0 mainnet will improve scaling possibilities for tokens built on the Ethereum blockchain.
zkSync 2.0 To Boost Layer-2 Ethereum Scaling Options
The first production, zkEVM zkRollup, is approaching; the team tweeted on October 3 while mentioning several previous collaborations. With zero-knowledge rollups, the scaling platform zkSync can batch transactions and boost throughput. A zkRollup processes a large portion of the transaction data off the root chain by generating cryptographic proofs that allow users to demonstrate that it has a particular piece of information without disclosing the specifics of that information (thus the term "zero-knowledge"). With the launch of the 2.0 mainnet, Matter Labs, the company behind the development of zkSync, hopes to move closer to resolving the blockchain trilemma. ZkRollups are the future of Ethereum scaling. The challenge with blockchains is improving two core characteristics—security, scalability, and decentralization—without compromising the third. Ethereum lacks scalability but is currently incredibly safe and decentralized.
zkRollups Eyes to Dominate Layer-2 Solutions
Vitalik Buterin, a co-founder of Ethereum, has previously said that he thinks zkRollups will dominate layer-2 scaling in the future. This results from how quickly customers may transfer money between layer-1 and layer-2. The zkRollup will be powered by the zkEVM engine, which, when used with the following Ethereum sharding implementation, can process 100,000 transactions per second. Ramp, a solution for on-and-off scaling, will also ship with zkSync 2.0. Ramp accepts payments using several channels, including credit and debit cards, bank transfers, and Apple Pay, in more than 150 countries.