ZKSync, an Ethereum layer-2 scaling solution, debuts its alpha mainnet to reduce congestion and improve transaction throughput.
The ethereum (ETH) ecosystem witnesses a significant development as the alpha mainnet of ZKSync, a Layer 2 scaling solution, is officially launched. ZKSync aims to alleviate network congestion and bolster transaction throughput on ethereum by employing zero-knowledge proofs, a cryptographic technique that ensures transaction privacy.
Ethereum’s blockchain has encountered several obstacles concerning its ability to scale and elevated transaction costs, which have become more pronounced due to the increasing adoption of DeFi and NFTs. In response to these challenges, Layer 2 solutions like ZKSync have emerged to improve the network’s performance and overall efficiency.
Source: https://crypto.news/alpha-mainnet-of-ethereum-scaling-solution-zksync-goes-live/