Matter Labs Releases zkSync 2.0 Mainnet In “Baby Alpha” Testing Phase

Ethereum scaling solution provider Matter Labs has released mainnet for the first ever ZK-Rollup in a testing phase. The Layer-2 network called ‘zkSync 2.0’ is natively compatible with Ethereum Virtual Machine (EVM) supported applications, making it easy for developers to port their apps on to the scaling solution.

Matter Labs Releases zkSync 2.0 Mainnet In “Baby Alpha” Testing Phase

Matter Labs has released the highly anticipated Layer-2 Ethereum scaling solution dubbed “zkSync 2.0” on mainnet in a restricted testing phase it calls, “baby alpha”. Developers will now be able to host smart contracts and deploy Ethereum Virtual Machine (EVM) compatible applications like DeFi and NFTs on the first ZK-Rollup (Zero-Knowledge) to ever hit production.

 

ZK-Rollups combine a large number of off-chain ETH (Ether) transactions and execute them on the Ethereum mainnet in a single transaction. Instead of assuming transactions are right until proven otherwise like Optimistic Rollups, the scaling solution is able to validate transactions instantaneously using ‘Validity Proofs’ technology, thus helping scale the Ethereum blockchain and ease congestion of its network by increasing transaction speeds.

 

 

Web3 developers were eagerly waiting for zkSync 2.0 because the L2 solution is natively compatible with Ethereum-based applications. This feature makes it easy for developers to port their applications from the Ethereum mainnet to zkSync, in a process called “zkEVM”. Blockchain analysts say that with Matter Labs launching the first zkEVM protocol, the industry will be racing against time to build the most optimal zkEVM as it provides much needed scaling for Ethereum.

 

Matter Labs will only conduct network stress and security tests on zkSync 2.0 in the “baby alpha” testing phase. Then the network will move into its second phase called “fair alpha” where developers will be able to port and develop their applications on the zkEVM. Matter Labs says that more than 100 projects have shown interest in deploying their applications on zkSync 2.0. Last week, Uniswap – the world’s largest decentralized crypto platform, announced they will be porting to the scaling network. The third and final phase which is expected to happen by the end of the year will be when the network opens up for public testing.

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