After four years of development and testing, multiple security audits, and bug bounty programs, Ethereum’s Tier 2 solution, zkSync Era, has been fully released to the public.

zkSync Era uses zero knowledge rollups, which leave the function of checking the results of calculations behind the main network. It is worth noting the main advantages of blockchain:

1. Almost complete compatibility with EVM

2.Low transaction cost
and the ability to pay for transactions not only in ETH

3. Higher transaction speed compared to competitors.

According to Matter Labs CEO Alex Glukhovsky, the project team spent nearly $4 million on testing and auditing.

“A layered approach to security is really important. At this stage, we feel comfortable, but it’s still testing. The technology is brand new and people need to understand that,” - he comments.

zkSync Era is completely open source. Gluchowski believes this is very important as transparency is directly related to the ethics and values ​​of Ethereum.