zkSync announces the development of Layer 3 blockchain for Ethereum

According to the company, an EMV-compatible proof of concept for the new network will be unveiled in Q1 2023

30.10.2022 - 06:30

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What’s new? Matter Labs, the developer of zkSync (an Ethereum scaling solution), has begun work on a Layer 3 (L3) network called Opportunity. The development is in its early stages and the goal of the project is to further improve the scalability of the zkSync blockchain infrastructure.

Information on the company’s blog

What is known about the project? Opportunity will be an additional off-chain computation layer on zkSync's Layer 2 main network and will be compatible with Ethereum Virtual Machine (EVM). Matter Labs added that the Opportunity prototype will be unveiled in Q1 2023.

What is known about zkSync? The L2 solution, built on ZK Rollups, provides faster and cheaper transactions on the Ethereum network using the Zero-knowledge (ZK) proof protocol. In March, zkSync announced the launch of zkEVM, a Zero-Knowledge Ethereum Virtual Machine rollup. In the first week of November, the project will provide information about its native token.

The first company to announce the next level of scalability was StarkWare, in late December 2021, it announced plans to launch the L3 network, StarkNet.

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