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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

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    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

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    Matt Furie NFTs Crater 97% After Mint Exploit

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    Floki Forges Partnership with Method to Bring Valhalla to MMO Community

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    Why ‘Eve Frontier’ Is Opening Up to Everyone With Free Trial Experience

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    A Step-by-Step Guide for Beginners

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    Long and Short Positions in Crypto Explained for Beginners

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    What Is Fully Diluted Valuation (FDV) in Crypto?

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    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Terminus Teams Up with Enterise to Revolutionize Web3 Film Payments

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    OpenSea Dominates With 7.09k Sales as Azuki and Guild of Guardians Power NFT Market Momentum

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    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

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    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    Polyhedra Network launches Proof Cloud in open beta

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    SoonVerse Partners with Arris to Enhance User Experience

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    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

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Home Blockchain

ZKsync Developer’s New ‘Elastic Chain’ Could Compete With Polygon’s AggLayer

June 26, 2024
in Blockchain
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ZKsync Developer’s New ‘Elastic Chain’ Could Compete With Polygon’s AggLayer
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Matter Labs, the main development firm behind the layer-2 network ZKsync, has introduced a new roadmap called ZKsync 3.0, aimed at making the ecosystem more interconnected – including a new “Elastic Chain” that somewhat resembles rival Polygon’s AggLayer, released earlier this year.

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At the core of ZKsync “3.0” is the v24 upgrade, released June 7, turning “ZKsync from a single ZK chain into an Elastic Chain,” the Matter Labs team wrote in a blog post shared with CoinDesk.

This Elastic Chain is composed of multiple chains in the ZKsync ecosystem, but users will feel like they are using a single chain, according to the team.

Last year, Matter Labs last year released their ZK Stack, which is a toolkit that allows developers to build their own blockchain on ZKsync’s technology. Essentially, these custom chains would all be interconnected through the Elastic Chain.

“The Elastic Chain is an infinitely extensible network of ZK chains (rollups, validiums and volitions), secured by math and seamlessly interoperable under uniform intuitive UX,” Matter Labs wrote.

The concept is part of a new trend in blockchain aimed at making interoperability within different ecosystems more seamless for users. Matter Labs’ competitor, Polygon, has a similar concept that they released in January, called the “AggLayer.”

The new Elastic Chain will be composed of three core components, according to Matter Labs.

The first component consists of the “Native Token Vault” and “Shared Router,” which is at the core of the network.

See also  Polygon's '1 million' milestone leaves MATIC whales with THIS decision

“Implemented as a series of smart contracts on Ethereum, these components are responsible for managing the state of the network, handling chain registrations,” the team wrote.

The second component is their ZK Gateway, which is a piece of middleware that connects the Ethereum blockchain to ZKsync’s ZK chains, that allows for interoperability between the different chains in the ZK sync ecosystem.

“Together, these core components ensure that ZK chains can interact and transact with each other efficiently, inheriting the security of Ethereum, and forming a network that can scale horizontally without compromising the core properties that make public blockchains so powerful,” Matter Labs wrote.

Read more: ZKsync Airdrop of ‘ZK’ Token Puts Initial Market Cap Near $800M

Tags: AggLayerChainCompeteDevelopersElasticPolygonszkSync

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