Skip to main content

Zksync Devs Plan to Launch Layer 3 Scaling Solution Called ‘Opportunity’ in Q1 2023

Zksync Devs Plan to Launch a Layer 3 Scaling Solution Called 'Opportunity' in Q1 2023

Matter Labs, the team behind the Ethereum layer two (L2) scaling protocol Zksync, revealed the developers plan to launch a layer three (L3) proof of concept called “Opportunity” in the first quarter of 2023. The team says that the prototype of L3 will be built on top of L2 and developers and Zksync users can “research and experiment with it.”

Matter Labs Discusses Roadmap’s Baby Alpha Milestone and L3 Proof of Concept

On Oct. 28, Shazia from the Matter Labs team announced that the Zksync developers have reached the roadmap’s Baby Alpha Milestone. Developers note that the team has begun the march to Fair Onboarding Alpha and Full Launch Alpha. Zksync is an Ethereum L2 scaling solution similar to the project’s competitors Optimism, Arbitrum, Polygon Hermez, and Loopring. The Baby Alpha Milestone marks the “deployment of the end-to-end system to mainnet,” Shazia detailed.

With the Baby Alpha Milestone, Zksync devs plan to stress-test the infrastructure with various use cases and run security audits. The team will also run contests and bug bounty programs alongside improving “the technical documentation for Zksync 2.0.”

In addition to the Baby Alpha Milestone, Shazia mentioned the L3 proof-of-concept called “Opportunity.” Matter Labs disclosed that it would be creating an L3 scaling solution during the second week of October and it was originally called “Pathfinder.” The L3 proof-of-concept is set to launch in Q1 2023.

“Layer 2 is the first step toward scalability, developer experience, and user experience. Zksync’s EVM-compatible Layer 3 proof of concept ‘Opportunity’ will come to life in the first quarter of 2023, bringing a starfield of 10X moments to Ethereum,” the Matter Labs representative Shazia detailed. The Matter Labs representative said the team will deliver:

  • The prototype of a Layer 3 HyperChain built on top of Layer 2, allowing the ecosystem to research and experiment with it.
  • Kickstart development of developer tools, including a CLI and SDKs to spin off your Layer 3 and interact with it.

The news follows Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) on Sept. 15, also known as The Merge. Ether fees have increased to 0.002 ETH or $3.31 for the average ethereum transfer after dropping below the $2 range after The Merge during the last two weeks of September.

What do you think about Matter Labs’ efforts to create an L3 proof of concept built on top of Zksync’s L2? Let us know what you think about this subject in the comments section below.



from Bitcoin News https://ift.tt/ux89P7v
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more