ZKsync developers introduced the "elastic chain" architecture
The ZKsync L2 solution team has unveiled a new ecosystem design, initiating the transition to an "elastic chain" architecture. This is reported by The Block.
Launched on June 7, the v24 update transforms ZKsync from a single ZK rollup to a network of multiple chains. The blockchains are expected to have interoperability and a unified user interface.
According to the ZKsync 3.0 roadmap, the architecture changes include reconfiguring the ecosystem's own bridge to the token vault. The goal of this move is to improve interoperability between the expanding array of ZK networks.
According to the developers, the move to an "elastic chain" will provide a seamless experience, similar to a single blockchain, without the need to switch between networks.
ZKsync Era will act as the base layer. By the end of 2024, the ecosystem will encompass more than 20 protocols developed using ZK Stack. These include projects like Lens Protocol, QuarkID, PlayFi, GRVT, Cronos zkEVM, Nodle, and others.
On June 17, the ZKsync team launched the ZK governance token, distributing 3.6 billion coins (17.5% of total issuance) to early users. Airdrop faced criticism from the community as only 13% of the 6 million unique wallets were allowed to join, many of which turned out to be "sybils".
The distribution of tokens caused a burst of activity in the network, which was short-lived - onchain metrics continued to fall, as did the price of the asset.
In June, the project announced a new ecosystem management model called ZK Nation.
The ZKsync L2 solution team has unveiled a new ecosystem design, initiating the transition to an "elastic chain" architecture. This is reported by The Block.
Launched on June 7, the v24 update transforms ZKsync from a single ZK rollup to a network of multiple chains. The blockchains are expected to have interoperability and a unified user interface.
According to the ZKsync 3.0 roadmap, the architecture changes include reconfiguring the ecosystem's own bridge to the token vault. The goal of this move is to improve interoperability between the expanding array of ZK networks.
According to the developers, the move to an "elastic chain" will provide a seamless experience, similar to a single blockchain, without the need to switch between networks.
ZKsync Era will act as the base layer. By the end of 2024, the ecosystem will encompass more than 20 protocols developed using ZK Stack. These include projects like Lens Protocol, QuarkID, PlayFi, GRVT, Cronos zkEVM, Nodle, and others.
On June 17, the ZKsync team launched the ZK governance token, distributing 3.6 billion coins (17.5% of total issuance) to early users. Airdrop faced criticism from the community as only 13% of the 6 million unique wallets were allowed to join, many of which turned out to be "sybils".
The distribution of tokens caused a burst of activity in the network, which was short-lived - onchain metrics continued to fall, as did the price of the asset.
In June, the project announced a new ecosystem management model called ZK Nation.