zkSync developer Matter Labs raises $200M, commits to open-sourcing platform

, zkSync provides a layer-2 scalability solution for Ethereum that maintains the network’s security and decentralization features.

Over 150 projects have signaled their intent to launch on zkSync’s mainnet, which was released on Oct. 28 as part of a multistage process to bring the protocol into full production. Some of its most notable partners include Chainlink, Uniswap, Aave, Curve,In addition to the funding announcement, Matter Labs disclosed that its zkSync technology would be released through an open-source MIT License later this quarter. This gives developers the ability to view, modify and fork the code.

In an interview with Cointelegraph, Matter Labs’ chief product officer, Steve Newcomb, said his firm wanted to “drive consensus in open source,” which is why everything in the mainnet release will be fully open-sourced by MIT’s standard. He explained that by open-sourcing the protocol, zkSync could become the layer-2 standard for the industry.

“In crypto, one of the major things we want to stop is centralized censorship. Anything other than full open source is centralized censorship of code,” Newcomb said. “We can’t decide who is right or wrong or good or bad.”

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