Freedom drives Prosperity - Trying to contribute by scaling
@zksync
Era ∎ | SVP of Biz & Ops
@the_matter_labs
| Sub-Zero-Knowledge | Paternalism minimalist
Why Crypto? For me:
From Paternalistic to Independent
From Entitled to Empowered
From Subject to Sovereign
From Duties to Incentives
From Passive to Active
From Rights to Powers
From Obey to Enforce
From Trust to Verify
Almost breaking the 10c barrier for a swap!
Go
@zksync
🚀
#Ethereum
is scaling
Also 3x cheaper than
@optimismPBC
and 4x cheaper than
@arbitrum
The difference is even bigger for simple transfers
Huge misconception.
Ethereum is the world's settlement layer not because it has the largest economic security, but because it's the LARGEST VERIFIABLE BLOCKCHAIN with smart contracts.
You don't need to trust validators. You can run a full node on a laptop, the cost is very low.…
Boojum from
@zksync
team uses the same arithmetization and commitment as plonky2, but with careful optimization, it achieves significant speed boost and memory reduction. In our tests, Boojum is the fastest among all plonk and groth16 frameworks when preimage is 1KB and larger…
Zeek clicked thousands of buttons for the Meme Contest 🐱
With help from the
@zksync
Discord community, Zeek chose 12 winners from over 1,000 submissions. See the full list here:
Absolute Zhads and Zhadettes below 🧵
Could have we done things better?
Sure! This is almost always true.
Will we try to do things better in the future?
Absolutely!
But
If you want to better the industry, reach out, submit a PR, tell us in person (we met many of you in Paris).
The Polygon leadership article was…
Every decision we make as a team towards building
@zksync
is driven by our ethos, which is based on integrity and transparency. We have made honest mistakes in the past, but we always did our best to openly acknowledge them and take responsibility. And will always do so in the…
In 1865 the UK was leading the world in the car industry
But the horse-driven carriages lobby decided to advocate for very restrictive rules to protect their interests and stifle competition
Gas up, tx fees are up
But not all rollups are made equal, some fees go up less than others
The whole point of rollups was to cope with high demand and keep fees low
@zksync
is built carefully and is built well
Ready for Tomorrow,
Today!
Imo Zero-Knowledge Proofs are a big enough advancement to justify a +1
So
@cdixon
@naval
what you think of Web 4.
In Web 3 users control the digitally scarce data and there is emergent permissionless innovation via composability
Being the cheapest Rollup is important
And
@zksync
has been the cheapest rollup consistently for the past few months
But even more important is fees stability: Founders who are building real product need predicability in the fees their users will pay
1/
Here is an example of how background sessions in RaisePay Wallet on
@zksync
can revolutionize the entire GameFi experience through account abstraction.
@raise_fi
allows users to create a session with specific permissions for Dapps, like NFT games, which require multiple txns
Ready for Tomorrow
Today!
@zksync
architecture is a phase transition for blockchain
From a constrained system to a limitlessly scalable one
And you get this only iff
- you are a zkRollup
- leverage state differences
Bonus points:
- EVM compatible
- Native Account…
ZK proofs enable low-latency, trustless, zero-overhead bridging between permissionless and sovereign ZK chains with mixed data availability models. We call it hyperbridging. Not necessarily atomic, but seamless: one single confirmation in Metamask will let you interact with any…
Ready for Tomorrow
Today!
"The cost of using zkSync has been in a clear downtrend since the Boojum upgrade was completed earlier this month. The network currently has the lowest transactions costs among all layer-2s, competitive with the fees users pay on optimistic rollups.…
Let's change goal post
From focusing who's first
To focusing on who's unique
Being the only one with certain features is important in and of itself
If the feature is fundamental like Account Abstraction
Then being unique is essential
congratulations to
@zksync
for the launch of zkSync Era - the first zkEVM and the only one to support account abstraction!
we're excited to be the first smart account and one of the early teams supporting the network
a new era is upon us
This is a great day for
@zksync
The final ingredient for mainnet launch is in place
Next step is mainnet deployment in a bit more than a week
Then we will be officially the first-ever zkEVM running on
#Ethereum
mainnet too
Today, we’re extremely excited to announce that we have successfully completed Milestone 3: Proof Merging. With the integration of validity proofs, zkSync 2.0 is officially the world’s first-ever zkEVM running on a public testnet.
🧵 (1/5)
Don't allow your children to try Italian biscotti
Otherwise this is how you'll have to travel until they are independent
Hopefully they don't stop me at customs - cookies smuggler
Gm, anons 🫡
Another packed week for the zkSync ecosystem is in the 📚s with projects across DeFi, gaming, infra, and more introducing exciting new use-cases and resources for the community. Catch this week's highlights below.
Explore the full ecosystem:…
Meatspace -> trust ppl, trust institutions 🖕
Bitcoin, Ethereum -> verify, trust yourself 🫡
@zksync
-> trust no one, trust math 🔥
A new Era of cooperation ∎
1) Today most of crypto is Web2 disguised as Web3 - it is made of marketing, lobbying and regulation
2) We should have Web3 disguised as Web2 instead - made with technology, math and innovation
Example of 1) -
@FTX_Official
For 2) - zkRollup and Account Abstraction
The US has an opportunity to lead in Crypto
And Crypto will eat the world of value, how you own it, transfer it and use it
If the old industries manage to advocate the government to stifle this innovation
They will just miss the boat
@StaniKulechov
I would go by elimination, imho what Aave/GHO may want is at least:
- not having to bootstrap your security/decentralisation
- but inherit them from the best (Ethereum)
- have the safest (=> native) bridge to Ethereum
This rules out anything that it's not a Rollup
You might think that the asset management industry is old-fashioned, but a new partnership between Deutsche Bank and Memento Blockchain is challenging that notion. They've just launched Project DAMA, a new DeFi platform on Ethereum to make investing more accessible and secure
@Jacktson
@DomaniProtocol
Hi, together with Memento Blockchain we have successfully completed a proof of concept that has the potential to provide a more efficient, secure, and flexible solution for digital fund management and investment servicing. Read more here:
In Web 4 users also control who can see the data and enable selective privacy / disclosure
In crypto their succinct property also enable compression of costs of computation and scalability
History in the making: 20k+
@EthereumDenver
attendees can now experience the power of ZK-rollups and native Account Abstraction on zkSync Era mainnet, powered by zero-knowledge proofs, at the festival’s food trucks.👇
1/7
Successfully reached over $18 million in volume, 5481 unique users, 49,044 transactions over the first 10 days of our Beta v2 launch on
@zksync
2.0 testnet!🔥
Truly appreciate all 2839 feedback reports received🙏
Bigger things ahead! Let's keep improving Increment together🫡
And I'm excited to say that Memento's crypto-native solution,
@DomaniProtocol
, is coming to
@zksync
I'm happy to say that a new asset management era∎ is coming 🚀
Hey
#crypto
fam, let's roll with us at DOMANI Protocol!
We're democratizing asset management using zkSync's snazzy ZK Rollups, delivering 200x scalability and maintaining Ethereum's security.
High fees no more.
zkSync mainnet launch SOOOON.
Delighted to announce that we closed our 200m Series C round
Raising a large round in a bear market has been a long and tiring process
But it has also been informative and rewarding mostly because of the great team that worked on it with me
We’re excited to share, we have:
1) Raised $200M and now have a total of $458M in mission-driven funding
2) Decided to go FULL OPEN SOURCE at our next milestone
3) Reserved ⅔ of a potential future token for the ecosystem
4) Formed a partnership with
@OpenZeppelin
👇1/8
We are extremely excited to be launching the
#MuteSwitch
, a
#zkrollup
based automated market maker (AMM), farming platform, and IDO platform - now live on
@zksync
2.0 public testnet:
$MUTE $VOICE
#zkrollups
1,000,000 NFTs minted!
The players of Maze Race have minted a record-breaking 1,000,000 NFTs!
The free mint will be open until the 21st of July!
Thanks,
@zkSync
for providing such a great, fast, cheap and secure platform for builders!
With 18 days to zkSync 2.0 on mainnet, we're thrilled to share another exciting milestone on the horizon: zkSync's Layer 3 Pathfinder will be released to the public testnet in Q1 2023.
(1/6)
The mission continues. The wave of projects joining the zkEVM future on our platform shows no sign of slowing down. Here are another five updates from our fast-growing ecosystem.
#jointhemission
🧵(1/7)
Here's our favorite L2,
@zkSync
! 🩵
We spent countless of time shaping the next level of Web3 UX with zkSync this year.
Thanks for all of the contributions and support, not only for the Clave but also for scaling Ethereum with the community. 🩵
A vote to bring wstETH to
@zksync
is live ∎
If passed, Lido DAO will formally accept deployment of wstETH to zkSync Era, with the Lido DAO taking ultimate ownership of bridging components.
Vote here:
With the full release of
@zksync
main net,
Crypto Maze will bring a new ERA of WEB3 entertainment!
🚨UPCOMING EVENTS 🚨
- Announcing our NEW zkSync OG collection and launchpad
- Parent company and Web3 App website reveal
- Drop N1 (out of many) for our genesis holders
🧵👇
We've got some exciting news to share -
@zkSync
Era is live on Snapshot!
DAOs in the zkSync Era ecosystem can now leverage Snapshot to run their governance with ease and without gas fees ⚡
Account Abstraction is a necessary condition to have billions of ppl on chain
And
@raise_fi
is pioneering it's use leveraging
@zksync
native AA tools 🚀
1/
Get ready to experience the RaisePay wallet testnet on zkSync, coming soon! 🔥
Check out the first live demo.
Stay tuned for more updates and like & RT to be part of the experience.
#AccountAbstraction
#DEFI
#ZKRollups
#CryptoPayments
A lot of hype around 4337 "account abstraction", which is just metatx+smart contract wallets (dumbed down).
I literally do not get it.
3074 is NATIVE AA, real AA, not just a smart contract wallet with modules.
Why can't we have it natively...
zkSync Era maintains its position on the transaction cost chart with a median of $0.09!
@zksync
has been the first zk-EVM to continuously function cheaper than every other zk-EVM and Optimistic EVM rollups for a month!
30D transactions 📊
∎ Ethereum: 30.31M+
∎ zkSync Era: 30.58M+
∎ All Ethereum L2s: 118.67M+
Congrats to the entire Ethereum community on this achievement—when L2s surpass Ethereum’s transactions, we all win.
(Source:
@l2beat
)
zkSync Era∎ identity effort:
if you are working on an identity project,
if you want it to be credibly neutral,
if you don't want it to be in competition with the base layer you work with,
deploy it on
@zksync
As announced 1y ago,
@0xPolygonID
shipped a decentralized protocol and dev tooling that enables personal data privacy and on-chain interaction.
It's open source. Matter Labs can use it to improve its centralized identity effort:
We tried 😅
We invited a bunch of zkPpl during ETHcc to a zkUnconference in the zkEiffelTower to talk about zkShadowyStuff
There was lot of love in the air but... Was not enough
We'll try again at the next conference 👍
It's exciting to see this coming together! Fantastic effort by
@mati_onorato
& the
@class_lambda
team.
New precompiles coming to
@zksync
, including ecAdd, ecMul, modExp, and ecPairing.
More to come... 💪
@StaniKulechov
It really depends on what you want to achieve imo
A sovereign hyperchain based on ZK Stack from
@zksync
seems a great solution
- guaranteed by math with validity proofs >> guaranteed by ppl and game theory with fraud proof >> guaranteed by trust without any proof
- limitlessly…
Each toy comes with a QR code that unlocks digital traits which can be redeemed in our digital social experience,
@PudgyWorld_
, at , now powered by
@zksync
.
Buyers can digitally collect and connect with friends, for nothing more than a purchase of a toy.
Agree - the difficulty is to balance
On one end the desire (and technical requirement: no single system will be able to scale enough to support the world's value) to have sovereign L2s
With the fragmentation that this entails
That's why we need Hyperchains with a general…
@Fiskantes
- mission: we are scaling self sovereignty and we are a mission driven project
- native account abstraction:
⏩ no need for bundlers (more costs, more risks)
⏩ simpler txs flow, same mempool
⏩ works with all accounts, 4337 doesn't work with EOAs so they all need to migrate…