Ethereum Gets an Upgraded Scaling Testnet – And It’s Actually Years Ahead of Schedule

Ethereum Gets an Upgraded Scaling Testnet – And It’s Actually Years Ahead of Schedule

Ethereum Gets an Upgraded Scaling Testnet – And It’s Actually Years Ahead of Schedule

By Edward Oosterbaan

The zkEVM test network will be the first of its kind and could change the Ethereum scaling landscape in the near future.

zkSync, a protocol responsible for implementing Ethereum scaling platforms, accomplished the unexpected yesterday, announcing the test network release of an Ethereum Virtual Machine compatible Zero-Knowledge rollup (zkEVM) years ahead of schedule.

The EVM is the environment in which all Ethereum wallets and contracts live and is responsible for defining the rules of the chain from block to block. The new test network is the first implementation of a ZK rollup capable of running the full Ethereum environment and will provide great insight into how capable zero-knowledge technology is at scaling blockchains.

Over the past couple of years, Ethereum rollups have taken two different directions in scaling the base layer, categorized as Optimistic and Zero-Knowledge. Both technologies have seen some level of adoption, with Arbitrum being the most notable Optimistic chain and DyDx taking advantage of ZK technology for its leveraged trading application. Like DyDx, ZK rollups have historically focused on offering a single type of application per chain, because the full Ethereum environment that offers customizable smart contracts would be too computationally extensive.

Until now, trade-offs tended to favor Arbitrum and Optimism; now zkSync has the opportunity to level the playing field. Optimistic Rollups are currently able to offer a single, composable environment in which users can use applications ranging from NFT marketplaces like OpenSea to lending protocols like Aave on mainnet. zkEVM would create a similar end experience for users, with cheaper transaction fees and nearly immediate finality, removing the need for the two-week withdrawal periods associated with Optimistic rollups.

ZK rollups are more computationally extensive and put a burden on nodes looking to solve zero-knowledge validity proofs, but they are able to post network state to Ethereum for a fraction of the cost of even Optimistic Rollups. zkSync and Loopring currently offer transaction fees 1/200th of the price on mainnet, according to L2Fees.Info. At the time of writing, a trade on a decentralized exchange would cost users on Ethereum’s base layer just over $90, while Loopring and zkSync users would pay between $0.45-$0.68.

If zkEVM is capable of offering fees similar to other ZK rollups, Ethereum’s scaling issues may be mitigated earlier than expected. Ethereum native applications will be able to manageably port over Solidity-based contracts and offer a full range of products in a cheap fee environment backed by Ethereum’s security. While lower transaction fees are an essential piece of scaling blockchains, it only matters if the chain can play host to applications that drive user demand. zkEVM will theoretically be able to host the industry’s favorite applications without sacrificing liquidity, decentralization or product offering.


Editor’s Note: 

New Global Currencies

New Resistance Global Currencies that support Independent Media and are against the “Great Reset” –

Our World Coin, a force for good and a peaceful revolution, is built to save humanity from the Globalists deadly Great Reset Totalitarian Agenda.

Bitcoin 2.0 is a new cryptocurrency that is looking to innovate the Global Payment System. It is backed by real value in independent media news sites & networks.

Truth Coin, a platform that’s free from Globalists’ control, and will not support the Great Reset Agenda or the vaccine digital passport. This enables everyone to support and benefit from building a better world, by the people for the people, a force for good.

Original Source:

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Comments

26 Nov 22
Step 4: The greater the true count, the more you should bet. This is where card counting becomes more art than science. Some blackjack books give rigid rules on how this should be done. However, the casino managers have read these books too, and the patterns recommended in earlier books now set off red flags. How you do this should depend on your own style, and how much heat you are getting. It helps avoid heat to keep the ratio of maximum bet to minimum bet to a limit, known as the ?Bet Spread.? Only increasing bets after a win, only decreasing after a loss, and staying the same after a push, makes play look more natural, but at a cost to profitability. CVData and CVCX blackjack simulators and calculators provide blackjack massive statistics. Up to 60,000 stats and 250 page reports can be generated. Optimal betting is calculated to improve results and lower risk. 50,000 pre-run sims are included. Technology News From The Philippines When it comes to land-based gambling, the Filipino government has a more conservative approach, so you can expect a difference in legal online and land-based games. Sports betting, for example, isn’t legalized, but horse racing and even cockfighting have been approved by the government. For the fans of casino games, we’re happy to say that they can safely participate in any land-based games such as slots, blackjack, roulettes, and others. However, where is it best to play? Look no further than the list below, where we’ll reveal the biggest gambling brands in the Philippines! This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies. 22Bet and Casimba deserve to be highlighted as Philippines online casinos with great options in that sense. As it happens in every casino, it is necessary to at least register in order to enter one of the rooms in the live lobby. On the other hand, playing requires real money balance – bonuses do not apply to live dealer games.
26 Nov 22
Mitchel Sutton from Yakima was looking for dominant ideology thesis Quinton Osborne found the answer to a search query dominant ideology thesis >>> write my essay <<< dominant ideology thesis quantitative research case study literature background persuasive writings research proposal for computer science abstract thesis chess problem solving radio 3 essay a separate peace essay pe assignments assign oxidation numbers to each element in the following compounds management assignment help dharavi case study courework yale college essay assignment fee research proposal of a company academic proposals cases studies addition problem solving cover letter position problem solving 8d phd committee academic assignment i need someone to write my essay what is a case study in psychology assign lease defend your thesis makefile variable assignment writing articles online for money what to put in a covering letter solving word math problems bipolar disorder thesis statement what is an abstract in a dissertation short story creative writing alabama homework help online website thesis a streetcar named desire essay writing an article critique thesis statement analytical essay op ed essay peer revision woodlands junior homework help websites that solve math problems help assignment www homework table assignments wedding literary essay personal statement international relations too much homework quotes write my paper essay help paper writing service best essay writing service buy essay writing thesis proposal. order essay paper statistics dissertation. custom writing services creative writing glasgow. paper writing macbeth essay ambition. online paper writing services simple problem solving. paper writing website essay on life. research papers write sociology personal statement. paper writing services online solve college algebra problems for me. buy college essay assignment of income doctrine. help on essay writing social work thesis. writing paper website
26 Nov 22
Risk of Side Effects Ischemic colitis has been reported in sufferers receiving Lotronex in scientific trials in addition to throughout marketed use of the drug. Hepatitis B remains a serious worldwide reason for cirrhosis and hepatocellular carcinoma. Contraindications: trauma, edema, malignant tumors, burns, testes, sensory impaired or confused sufferers, due to elevated risk of burn 2 symptoms youre pregnant purchase 20 mg vastarel free shipping. For many, their issues are so severe that imprisonment is the only means to ensure society�s security against them. Team-based care and improved blood stress control: a community guide systematic review. In one study, the antiepileptic effect of phenytoin was increased when combined with cannabidiol arthritis of feet voltaren 100 mg buy discount online. Thyroid perform knowledge was available in all 24 patients at some timepoint following initiation of remedy and in some sufferers with serial values. Percentage of sufferers who've a follow-up contact inside three months of prognosis or initiating treatment. For instance, continuous processing of enormous batches will be to supply so I don’t believe that refrigeration is a sustainable answer arthritis in back mri cheap trental 400 mg mastercard. Maillary arch length is measured, the width of the maxillary incisors is determined, and 11. Force sensation in isometric contractions: a rela which can be not attributable to the distinctive adhesive grain of tive pressure e?ect. The involved joint is tender, erythematous and swollen; however the scientific findings are not as marked as in bacterial arthritis erectile dysfunction cialis 100 mg kamagra soft purchase with mastercard. While both amphotericin B and itra1990; Denning et al, 1994; Stevens and Lee, 1997). However, history codes (V10- V19) could also be used as secondary codes if the historic condition or household historical past has an impression on present care or influences therapy. The four globin chains in every hemoglobin molecule bind oxygen in a cooperative style, which accounts for the sigmoid shape of the oxygen dissociation curve that allows acquisition of oxygen in the lungs and environment friendly unloading of oxygen within the tissues pregnancy belly rings order 5 mg aygestin. In the third trimester, the vaccine gives passive immunity to the baby via the maternal blood. The medial and lateral menisci lend padding and validate between the femoral condyles and tibial condyles. These guidelines assume that a blood transfusion will have few optimistic results at an Hb > 6 mmol/L, that a transfusion is commonly useful at an Hb < four mmol/L and that – at an Hb between four and 6 mmol/L – it is determined by patient characteristics whether or not or not the transfusion is predicted to have a constructive effect prehypertension and ecg proven 5 mg zebeta. Conclusions from Previous Surgeon General�s Reports this chapter comprehensively reviews a brand new and (Flouris et al. Tobacco smoking and alcohol 2009 May;18(5):1663-6 consumption as danger factors for glioma: a case-management 71. During an acute attack, malarial pigment is evenly disbursed all through the spleen erectile dysfunction causes wiki viagra with fluoxetine 100/60mg with