zkSync Sees 'Starfield Of 10x Moments' For Layer 3

Steve Wilhelm, the company's chief product officer, stated in an interview that these 10x moments, similar to the internet's growth from 1995 to 2005, would be made possible by Layer 3 and, in the context of zkSync, "fractal hyper chains."

Wilhelm stated that the internet's early stages and blockchain's current stage share many parallels. Data speeds in 1995 averaged ten kbps, and fewer than 30,000 websites existed. In just ten years, internet speeds had skyrocketed, the simplicity of building had enhanced, and the number of websites published had topped 6 billion. He further proclaimed that the 10x moments were characterized by advancements in four categories: speed, cost, convenience, and trust.

zkSync Layer 2 Mainnet Objective

On October 28, zkSync's Layer 2 mainnet would go live. In contrast with Ethereum, its Layer 2 solution has the potential to boost transactions per second (TPS) by roughly 10–20 times upon release and give developers the ability to create zero-knowledge-based apps utilizing the popular Solidity programming language. As a result, developing apps no longer require the challenging process of learning a native ZK language.

Developers can select the data they desire for privacy and security at the Layer 3 level, offering significant gains in TPS by enabling developers to precisely tailor their chain to the demands of their projects. With the help of Layer 3, developers can also select the precise data they want to pay for to use Ethereum's on-chain security. The remaining data can be moved to a validium off-chain, effectively eliminating transaction costs.

Bridge hacks, a significant problem for the sector with more than $1.4 billion in stolen money, would also be addressed by zkSync's solution.