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HomeCryptocurrency coins News TodayZKsync Unveils “Elastic Chain” Community of ZK Chains - CoinJournal

ZKsync Unveils “Elastic Chain” Community of ZK Chains – CoinJournal

  • ZKsync deployed an improve final month that permits it to transform its Ethereum bridge right into a shared router to help a community of interoperable ZK chains.
  • Twenty different chains are anticipated to hitch the Elastic Chain ecosystem in 2024.

Following the improve in June 2024, ZKsync now options multichain help, permitting different chains constructed with the ZK stack to hitch its ecosystem of interconnected chains. The upgraded protocol (ZKsync 3.0) will energy elastic chains, help low-cost interoperability, and promote built-in liquidity throughout a number of chains.

This growth is one in every of a number of latest makes an attempt by varied layer 2 networks to create interoperable layer 2 networks on prime of the bottom Ethereum community.

Optimism is a well-liked instance of one other layer 2 chain that’s evolving right into a community of chains utilizing its personal tech stack. Polygon, one other layer 2 that’s evolving right into a multichain ecosystem, launched Agglare in January, which permits builders to attach layer 1 or 2 chains to Polygon’s rising community of interoperable chains.

Elastic Chain is an ecosystem of autonomous chains which are interconnected on the protocol degree to allow seamless asset transfers with out resistance. Regardless of being made up of a number of chains, the ecosystem behaves like a single chain.

ZKsync is the primary firm to construct an interoperable layer of blockchain utilizing zero-knowledge proofs.

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