ZkSync is a scaling solution built on the Ethereum network. The project has completed its next version, called fair onboarding alpha. This upgrade has allowed the registered projects hosted on the Ethereum blockchain to deploy on the mainnet. The developers of the project have renamed it from ZKSync 2.0 to zkSync Era.
This scaling solution is now working on its next phase, known as the zkEVM. zkEVM is a ZK-rollup that works as a layer-2 solution on the blockchain and supports the Ethereum Virtual Machine protocol.
Last year, the project made its debut in the early form called baby alpha. The first version of this scaling solution was available for local utility only.
The second version of ZkSynch was called the regenesis event. This upgrade arrived as a response to the technical audits happening on the Ethereum blockchain. This layer 2 solutions is now in the next phase, which is known as the onboarding alpha. All the registered projects during this phase will get a deployment.
These decentralized projects will also be able to test their applications using the zkSync Era. Token bridging has been enabled by the developers for the process of deployment and testing.
The mainnet is going to remain closed for the end-users for the extension of this second phase. During this period, audits and bug-hunting programs will keep monitoring the project for security purposes.
Devs of ZkSync have assured the investors that once the upgrade is completed the blockchain will be fully open for all projects and stakeholders. On the other hand, Polygon is also working on launching the zkEVM network as early as March this year. During the last year, the competition among all layer-2 solutions on Ethereum has intensified.
Zero-Knowledge Layer-2 Platform
Projects such as Starknet, Polygon, Scroll, and zkSync are racing against each other to deploy the first fully functional zero-knowledge Layer-2 platform. This secondary layer will offer native support for the Ethereum applications. Thus far, no one has been able to open their upgrade for public usage. However, the latest updates from Polygon and Matter Labs indicate that the wait can soon be over.