Ethereum (ETH) founder Vitalik Buterin praised the innovations developed by the ZKsync ecosystem, stating that the team is “doing extremely important work that is undervalued by many in the Ethereum ecosystem.” Following this announcement, the value of the ZKsync (ZK) token quickly doubled.
Citing a lengthy article by ZKsync co-founder Alex Gluchowski titled “Ethereum Becomes a Major Capital Markets Center for ZKsync,” Buterin argued that the project is working to “advance Ethereum’s financial layer.” He also expressed his eager anticipation for the upcoming new features.
According to the article shared by Gluchowski, the ZKsync Atlas update will revolutionary improve system performance:
- 15,000+ TPS (transactions/second) capacity,
- Zero-knowledge proof (ZK proof) finality in 1 second,
- Almost zero transaction fees.
But according to Alex, this is only the beginning: “These numbers are a small part of the story. What Atlas really opens up is that Layer 2s can, for the first time, directly use Ethereum as a real-time liquidity center for institutional capital.”
With the Atlas update, ZKsync-based chains will no longer need to create their own internal liquidity pools. Instead, they will be able to access Ethereum’s liquidity directly.
This transformation marks a fundamental paradigm shift in the Layer 2 ecosystem. Ethereum is now becoming not just a foundation network but a real-time financial settlement layer.
Following Vitalik Buterin’s statements and the announcement of the technical details of the Atlas update, the ZK token gained more than 100% in value.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/vitalik-buterin-speaks-value-of-this-binance-listed-altcoin-doubled/