ZK Roll Up Wars Heat up, Matter Labs Announces Its Plans For ZkSync

Matter Labs, parent company of the zero-knowledge rollup zkSync, announced on blogging platform Medium on Wednesday, its plans to launch zkSync 2.0 to Ethereum’s mainnet in 100 days and included a public roadmap of the process.

The first EVM-compatible zero knowledge rollup

According to information on zkSync’s website, zkSync 2.0 is an (Ethereum virtual machine) EVM-compatible ZK Rollup— zero knowledge rollup, that solves Ethereum’s scalability, it is going live in October, after zkSync 1.0 launched year and a half ago.

It is an upgraded version of zkSync 1.0 which functions to half the cost of transfers on Ethereum and has secured close to four million transactions. The announcement noted that with zkSync 2.0, projects will inherit the full security of Ethereum.

Matter Labs also insists it will be the first team to introduce this type of technology to the market— a fully EVM-compatible zero knowledge rollup with the zkEVM.

In an interview with CoinDesk, Matter Labs CEO Alex Gluchowski said We’ve been pretty quiet for the entire existence of the company and the product [because] we’ve been doing a lot of R&D work, and R&D work is unpredictabl

Polygon introduces the polygon zkEVM

On a similar note, Polygon announced its zkEVM, “the future of ethereum scaling” today, the announcement noted that contrary to the belief that it will take years to build Layer 2 scaling solutions with ZK proofs benefits and EVM compatibility, it wouldn’t actually take that much time.

Polygon pointed out the problem with Zero Knowledge proofs, first is the issue of performance and then compatibility. The Ethereum SIdechain provides a solution to these with its zkEVM.

The announcement read, You can build on Polygon zkEVM the same way you would on Ethereum. You can deploy any Ethereum smart contract. Any tooling that works with Ethereum will work on Polygon zkEVM. Do anything you would do on Ethereum, for lower cost and at greater speeds, and have it verified on the Ethereum network via a ZK validity proof. It’s Ethereum, but with ZK scalability. 

Abigal .V. is a cryptocurrency writer with over 4-years of writing experience. She focuses on news writing, and is skilled in sourcing hot topics. She’s a fan of cryptocurrencies and NFTs.

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