Matter Labs has introduced ZK Sync, an Ethereum’s trustless scaling and privacy engine built on ZK Rollup. The innovation is to bring about the adoption of Ethereum.
A release by the lab today indicates that the vision of the privacy and trustless scaling solution on ZK Rollup is to bring a Visa-scale throughput of thousands of transactions per second (TPS) to Ethereum.
Despite its transaction scale, ZK also keeps the fund in a secured manner as seen in the underlying L1 accounts.
The innovation, according to the release maintains a high degree of censorship-resistance, it also offers ultra-low latency, meaning transactions in ZK Sync has the potential of offering instant economic finality.
As well, the innovative lab also announced the launch of the devnet for ZK Sync. ZK is design using lean philosophy while also favoring a gradual protocol evolution that launches features one at a time in a sequential manner.
Matter Labs says it is starting by facing the fundamentals, especially security and centering its ideas on basic scalability (token transfers), and as time goes on, smart contracts, before finally working on privacy.
“Privacy is an absolute prerequisite for mass adoption,” Matter Labs stated in the release.
The lab says it built ZK Sync using the ZK Rollup concept. That is, it is an L2 scaling solution where all funds are held by a smart contract on the mainchain, but the storage and computation are perfected off-chain.
The XK architecture is built in a way that the roll-up validator(s) can not in any way corrupt the state or steal funds, this is not obtained in Sidechains.
At the same time, it is easy for users to retrieve the funds from the Rollup in a situation where validator(s) stop cooperating owing to data availability.