Recently, zkSync Era mainnet went live, and the number of users continues to increase. According to data, as of writing, the number of single addresses on zkSync Era has exceeded 200,000, and over 48,000 ETH have already crossed over to zkSync Era’s mainnet. The launch of zkSync Era marks the formal entry of cryptography into the zkEVM era, which is a historic moment.
zkSync Era mainnet is now live
For zkSync, the launch of the Era mainnet is the first step in their phased rollout plan. At present, it can be considered an Alpha version, but its infrastructure and core components have laid a solid foundation for its future development. Currently, users can bridge to the mainnet and interact with some of the projects that have gone live.Compared to Optimistic Rollups, zkSync allows users to bridge and withdraw funds faster. Optimistic Rollups require a 7-day wait time. In the future era of multi-Rollups, users will interact with multiple L2 solutions, and the faster and more stable performance of zkSync will be critical.
Compared to the existing ZKevm, zkSync has made some architectural choices, such as deciding to “manage data availability by publishing updates to the storage slots involved in each transaction.” This may not mean much to non-technical people, but it provides some properties:
1. Data availability:
Users do not have to pay data call fees for their transaction inputs; they only have to pay for zkproofs (which is cheaper). This allows users to have very large transaction inputs and process large amounts of data, which may be important for many use cases.
2. Data compression: With Optimistic Rollups, users must pay for data availability for each individual oracle update, which is the most scarce resource shared by all Rollups. There is only one limited data availability bandwidth on Ethereum, which must be shared on L1 regardless of Rollup scalability. However, with the emergence of zkSync, the ability to pay the final price for a single storage slot at the end of a large batch of transactions has been achieved.
3. Data scalability:
Using zkPorter – a variant of the Validium system – some data does not need to be published on Ethereum, which may be significant for certain use cases where users only need to ensure the validity of Ethereum transactions. zkPorter will allow users to choose between “zkRollup accounts with the highest security and a 20x reduction in costs compared to Ethereum” or “zkPorter accounts with stable transaction costs of only a few cents in different security modes,” which could be significant for users who conduct large amounts of transactions.
4. Compatibility with Ethereum:
zkSync Era supports source code EVM compatibility. Most projects deployed from the EVM chain do not need to change their source code, thus improving security and reducing errors and vulnerabilities.
5. Will transactions on zkSync be cheaper?
This will depend on the use case, but generally speaking, zkSync will have fees comparable to Optimistic Rollups. For some use cases, users will be able to pay zero fees because the contract will subsidize these transactions, thanks to account abstraction. From an economic perspective, this architecture makes sense for some protocols because they will subsidize the contract once for all users as they will reuse the same data availability storage.
In summary, zkSync is the first zkEVM to launch on mainnet, three days earlier than Polygon zkEVM. zkSync further improves the user experience in cryptography, as there are still some issues with L1 and Optimistic Rollups (for exchanging large amounts of money). zkSync will gradually become trustless: its team has had some trust dependencies from the beginning, and after the protocol is ready, the team will introduce a security council, but the security council is only a transition, and the dependency on trust will be further reduced by limiting the power of the security council. It can only freeze the protocol, not upgrade it, so the community can have a voice in governance, and introduce a soft fork mechanism within the community in case of disagreement, similar to Ethereum and Bitcoin.
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