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ZKsync — The elastic chain network: an ever expanding verifiable blockchain network, secured by math. Previous posts: https://blog.matter-labs.io — Page 4

Introducing the Elastic Chain

TLDR: Today, ZKsync unveils the Elastic Chain — an ever-expanding network of ZK rollups, secured by math and natively interoperable under a uniform, intuitive UX. Ethereum’s rollup-centric roadmap successfully reduced transaction fees, but fragmented liquidity and user experience. The recent ZKsync 3.0 upgrade solves this by enabling native, trustless, low-cost interoperability between the chains powered by ZK Stack, Ethereum’s most performant ZK rollup framework.IntroductionThe ZKsync 3.0 pr...

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Inviting Teams to Advance the Decentralization of zkSync Era’s Prover

In another step towards decentralizing the core technology behind zkSync Era, the system’s prover network is now open to participants across the ecosystem. Introducing new participants will make zkSync Era’s prover more scalable, robust, and remove the reliance on any entity to maintain the critical mechanism responsible for computing proofs to validate transactions. Read on to learn about the prover decentralization process, key milestones and objectives, and how to get involved.Goals of the...

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Slush Joins Matter Labs to Play a Critical Role in Advancing the Hyperchain Ecosystem for ZK Stack

Since the very beginning, the ultimate vision for Matter Labs has been to incubate and launch the zkSync protocol and ZK Stack. The next phase is to decentralize the open source protocol by enabling accomplished and talented core development teams to help build, maintain, and upgrade the network and ZK Stack. To move toward this next phase of decentralization, close to a dozen outstanding development teams outside of Matter Labs will work towards achieving (1) subtraction — ensuring there are...

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Click and Deploy Your Hyperchain! First Cohort of RaaS Providers Live on ZK Stack

Three leading Rollup-as-a-Service (RaaS) providers are leveraging ZK Stack to immediately allow projects, developers and enterprises to easily launch, deploy, and test layer 2 hyperchains powered by zkSync. Ankr, Luganodes, and Zeeve will be the first wave of RaaS providers providing critical infrastructure to accelerate support for projects deploying as hyperchains. When ZK Stack––a free, open-source modular framework for building sovereign ZK-powered chains— was introduced in June, we artic...

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Clave Debuts Mass Market Payment Solution on zkSync with Real-World Payments at Devconnect

Crypto wallets and their challenging user experience have been a major stumbling block for mainstream adoption. For new users, navigating the labyrinth of seed phrases and the rigmarole of reproducing them is a major turnoff and a stark contrast to the streamlined efficiency of some mainstream apps that let you access funds by simply looking at a screen. Traditional payments solutions such as Apple Pay operate on a global scale, processing over a trillion transactions per year. In addition to...

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Tradable Commits to ZK Stack to Bring Institutional Finance Onchain and Tokenize the $1.4 Trillion Private Credit Market

The seamless integration of traditional finance with DeFi (decentralized finance) holds the potential to revolutionize the financial sector by combining established financial systems with innovative solutions and unparalleled liquidity. However, the pace of this fusion has been somewhat slower than initially anticipated. Increasingly, traditional finance is attracted to DeFi’s frictionless market, innovative tools, and investment strategies. But, up to now, institutions have remained undecide...

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Introducing Hybrid Exchange GRVT, zkSync’s First Hyperchain Targeting the $2.9 Trillion Web3 Derivatives Market

Blockchain technology has always set its sights on revolutionizing the financial sector, with goals ranging from extending financial services to the unbanked and improving payment efficiency, to driving radical innovation within the DeFi space. While DeFi Summer in 2020 sparked experimentation and innovation, crypto is still waiting for mass market adoption of DeFi––but when will that happen? Today we’re excited to announce a new project blending the self-sovereignty of DeFi with the mass mar...

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zkSync and Code4rena Bring the Largest Competitive Audit to Web3

In the world of security, only the paranoid survive. Security is one of the biggest barriers to the mass adoption of Web3. Last year, there were over $2 Billion in bridge hacks, and recent discussions highlighted Layer 2 security risks. Until the bar for security is raised across the board, there will always be friction when it comes to onboarding new users. Over the years as we built zkSync, the Matter Labs team has approached security as a mindset, rather than a list of checkboxes to tick o...

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¡Hola Argentina! Buenos Aires Brings Digital Identity To Millions of Citizens

TL;DRBuenos Aires is teaming up with QuarkID to issue digital identification services to citizens in Buenos Aires — home to over 15 million people. zkSync Era will serve as the anchor protocol for the initiative.In the wake of nations including Argentina probing biometric cryptocurrency project Worldcoin’s data collection processes, it’s crucial that privacy and transparency be upheld in digital identification programs.Starting in October, Argentine citizens in Buenos Aires will be able to do...

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Pudgy Penguins Partners With Walmart to Take Web3 Mainstream With New Pudgy Toys and Immersive Game

Bridging the gap between the digital and physical is key to Web3’s mass adoption. By utilizing blockchain technology to build immersive, interactive experiences, brands can bring the power of Web3 to a billion users in a way that is easy to onboard, fun, and accessible. Starting today, popular Web3 brand Pudgy Penguins is going mainstream with the release of its Pudgy Toys at 2,000+ Walmart stores across the U.S., connecting zkSync’s cutting-edge zero-knowledge blockchain technology and the b...

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The elastic chain network: an ever expanding verifiable blockchain network, secured by math. Previous posts: https://blog.matter-labs.io