ConsenSys completed a private beta phase of its zkEVM network and is set to begin public testing on Mar. 28.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Blockchain development firm ConsenSys will begin a public test of a zkEVM rollup network compatible with Ethereum on Mar. 28.
The zero-knowledge, or ZK-Rollup, network performs off-chain computations on a secondary layer for faster and cheaper transactions while prioritizing Ethereum's security; a private beta phase was successfully completed, having processed over 490,000 transactions from various decentralized apps, ConsenSysOne of the key features of the zkEVM rollup is its functionality with Ethereum Virtual Machine, which enables easy migration of existing dApps to the Layer 2 network.
"Our zkEVM is the culmination of years of research by ConsenSys R&D and offers fast finality, high throughput, and the security of Ethereum settlement," the development team said. The rollup will come with built-in integrations with popular Ethereum tools such as RPC service Infura, development platform Truffle, and the MetaMask wallet.The zkEVM technology is considered the next major step in the development of Layer 2 solutions, but it has remained in the testing phase so far.
While they are considered more scalable than existing Layer 2 solutions like Arbitrum and Optimism, which have seen growth, zero-knowledge Layer 2 solutions currently lack Ethereum compatibility. To address this, teams including Polygon, Starknet, zkSync, Scroll and ConsenSys have fiercely competed over the past year to develop a functioning ZK-based Layer 2 that can support Ethereum apps.
ZK-rollups are things I need to learn more about
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