zkSync v1.1 “Reddit Edition”: Recursion (up to 3,000 TPS!), Subscriptions, and MoreAnnouncing zkSync v1.1 for The Great Reddit Scaling Bake-Off Intro
We at Matter Labs could not be more excited about Reddit’s ambitious plan to onboard 500 million community members to a decentralized subreddit ownership model!
Our zkSync scaling solution (v1.0 is live on Ethereum mainnet) already fulfilled most of the requirements of the Great Scaling Bake-Off. Here is what we’ve done over the past month to enhance it:Implemented recursive ZK proofs, unlocking the full zkRollup capacity (3,000 TPS)! Presented exciting results of our FPGA research project: the world’s first practical hardware zkSNARK accelerator. Added support for automatic recurring payments (subscriptions). Enabled transactions for batching and paying fees in a separate token. Made burning and minting tokens possible inside zkSync. Designed and introduced zkPorter: a new future-proof architecture to scale data availability.
You will find a detailed technical description of the new features at the end of this post.
We are happy to report that zkSync now meets 100% of Reddit’s requirements! 🎉🎊🥳What is zkSync?
zkSync is a trustless protocol for scaling Ethereum, powered by zkRollup technology. It uses zero-knowledge proofs to bring scale, data availability, and privacy to Ethereum, all without data ever leaving mainnet.
While security and decentralization are Matter Labs’ main priorities, user and developer experience are central to the design of zkSync. We’re obsessing over how to eliminate user friction and complexity from Ethereum. We think that users and buidlers alike will find zkSync the most flexible, yet convenient tool in the Ethereum space.
Some useful links to learn more:
Diving deeperzkSync from the Bake-Off Challenge Perspective Scaling
zkSync v1.1 is a zkRollup that can reach ...