Wednesday, October 4, 2023
HomeNewsEthereumZkSync is working on Layer 3 blockchain for Ethereum

ZkSync is working on Layer 3 blockchain for Ethereum

Matter Labs, developer of Ethereum scaling solution zkSync, said it’s working on a Layer 3 chain called Opportunity.

The Layer 3, still in the initial development phase, is aimed at further improving the scalability of zkSync’s blockchain infrastructure.

Opportunity will be an additional off-chain computation layer on zkSync’s Layer 2 main network. Building on top of zkSync, the Layer 3 is meant to help lower Ethereum scalability and gas costs. Matter Labs said “zkSync’s EMV-compatible Layer 3 proof of concept ‘Opportunity’ will come to life in the first quarter of 2023, bringing a starfield of 10X moments to Ethereum.”

The team plans to release a proof of concept for its Layer 3 in the first quarter of 2023. This comes just as Matter Labslaunched the first phase of its zkSync 2.0, called baby alpha, an Ethereum Virtual Machine (EVM)-compatible ZK-Rollup.

Notably, zkSync developers are not the first to consider launching Layer 3. Last year, StarkWare revealed the concept and a planned ecosystem of multiple Layer 3s, each dedicated to various use cases.

Article Source



NamePrice24H (%)
Bitcoin (BTC)
Ethereum (ETH)
Solana (SOL)

Most Popular

Recent Comments