Ethereum Will Soon See 2,000 TPS with This Zero-Knowledge Layer-2 Application
btcmanager.com
Developed by Matter Labs, zkSync launched its beta product on the Ethereum mainnet on June 18, as announced via an official blog. The layer-2 application is a trustless, highly-secure, and hyper-scalable deployment on the Ethereum mainnet, allowing users to send tokens while eliminating the high GAS fees the network is infamous for.
Overall, zkSync addresses Ethereum’s long-standing scalability problem – one that has been tested on multiple occasions and led to network congestion and slow block times each time. Matter Labs joins Loopring and others working on scaling the Ethereum network to millions of users each month.
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