ZKsync Successfully Deploys Roll-Up Protocol On ETH TestNet
ZKsync, a ZK roll-up solving Ethereum scalability with zero security compromises, has announced the deployment of its roll-up protocol on the ETH test-net was successful.
The Excitement In The Ethereum Community
ETH advocates are excited about this development since transactions can be validated without human influence. The deployment comes nearly 12 months after the creators of the ZKsync sought permissions to deploy a low-cost and scalable layer-2 environment on the ETH network. Matter labs claim that this deployment would enable users to have a more practical experience using the network.
The blockchain’s high gas fees are mainly why many users have sought other blockchains and remain a stumbling block to ETH’s scalability. The release of this ZK-rollup aims to resolve these scalability issues and attract more users to the ETH network. Many ETH users on Twitter couldn’t contain their excitement, expressing their joy regarding the new announcement.
Apart from lowering transaction charges, deploying this new EVM compatible protocol will also encourage developers to launch their projects on the ETH network (aptly named ETH 2.0). Some of the commenters acknowledged that the combination of the ZKporter and the EVM-compatible testnet opens up a world of possibilities for unlimited use cases’ launches.
The ZKsync rollout enables rapid growth of the ETH network without users losing their privacy or making the network less secure. Consequently, several project upgrades can happen within the ecosystem, further enhancing the user experience. A side benefit is that developers can create decentralized apps on the network.
In some quarters, there have been many claims that Ethereum might lose its popularity with the emerging and more robust market competition. A recent report released by Morgan Stanley’s global investment office claimed that the availability of lower-cost and faster blockchain networks might cause Ethereum to lose its smart contract edge.
However, the new ZKsync rollout might be what Ethereum needs to stay relevant, keep its competitive advantage, and shut up naysayers like Morgan Stanley.
Another Good News For The Ethereum Community
In other related news, popular mobile browser app creator, Opera, has announced that it has become the first mobile browser that allows its users to link their ETH wallet from the Opera mobile browsing app. Thus, Opera’s android users can enjoy quick and highly effective swaps through their browsers.
Part of the official announcement from Opera states that “our users can now by-pass the prohibitive transaction fees on ETH main-net through our partnership with Deversifi. Through this partnership, we have integrated a layer two solution that enables our users to make P2P ETH transactions easily and cheaply.”
Opera is not new to the integration of crypto wallets with its browsers. Four years ago, the browser giants became the first Browser to create a seamless integration between in-built crypto wallet and DApp explorers before adding other blockchains such as Bitcoin and Celo. Last month, Opera announced the launch of the beta version of a crypto browser solely for the metaverse, including layer two scaling solutions.