zkSync Era: The First-Ever zkEVM Mainnet
How zkSync Era's zkEVM Mainnet Offers Secure and Reliable Economic Cooperation on the Blockchain
What Happened?
Matter Labs has launched the first-ever zkEVM Mainnet, zkSync Era. The company claims to have conducted extensive testing, multiple security audits, public contests, and bug bounties to provide a secure platform for developers, projects, and users to build on and bridge funds.
Do you want to learn more about zkEVMs? Don’t miss this great article by Thomas Thang
What Is zkSync Era?
zkSync Era's vision is to enable trustless, barrierless, and permissionless economic cooperation, allowing for radical self-sovereignty for individuals. The company uses cryptography and zero-knowledge proofs not only to scale a network, but also to protect individuals' freedom against powerful adversaries, and it aims to eliminate poverty, promote creativity, and combat injustice brought on by corruption and oppression.
Matter Labs has invested significant resources into ensuring the platform's security before opening it to the public, and have also added independent monitoring and risk mitigation mechanisms to continuously monitor the system for vulnerabilities.
zkSync Era's platform offers native account abstraction, allowing any account to pay fees in any tokens or transact with zero fees on protocols willing to subsidize usage. The platform has also built the first LLVM-based compiler for EVM languages, bringing significant performance and developer experience improvements into the ecosystem.
Another key feature of Era is its ability to address the scarcity of data availability by publishing state diffs instead of transaction inputs. This enables data compression, much more frequent oracle updates, cheap privacy, and seamless off-chain storage extensions such as zkPorter.
Why It Matters?
The launch of the first-ever zkEVM Mainnet by zkSync Era is a significant step towards the adoption of ZK technology.
With its unique approach to security and vision for a trustless, barrierless, and permissionless economic cooperation ecosystem, developers, projects, and users have access to a secure and reliable platform for building and bridging funds. Additionally, the platform enables cheap privacy, uncapped growth, and complex use cases, which are crucial for the wider adoption of blockchain technology.