Matter Labs, parent company of the zero-knowledge rollup zkSync, announced on blogging platform Medium on Wednesday, its plans to launch zkSync 2.0 to Ethereum’s mainnet in 100 days and included a public roadmap of the process.
The first EVM-compatible zero knowledge rollup
According to information on zkSync’s website, zkSync 2.0 is an (Ethereum virtual machine) EVM-compatible ZK Rollup— zero knowledge rollup, that solves Ethereum’s scalability, it is going live in October, after zkSync 1.0 launched year and a half ago.
It is an upgraded version of zkSync 1.0 which functions to half the cost of transfers on Ethereum and has secured close to four million transactions. The announcement noted that with zkSync 2.0, projects will inherit the full security of Ethereum.
Matter Labs also insists it will be the first team to introduce this type of technology to the market— a fully EVM-compatible zero knowledge rollup with the zkEVM.
In an interview with CoinDesk, Matter Labs CEO Alex Gluchowski said We’ve been pretty quiet for the entire existence of the company and the product [because] we’ve been doing a lot of R&D work, and R&D work is unpredictabl
