certify
Home arrow Article arrow Article Detail

ConsenSys Announces Public Launch of zkEVM Testnet on March 28

Profile Image

Pavan A Follow

INDIA

Mar, 17 2023

Mar, 17 2023

likes | comments 0

Article Image

ConsenSys, a leading software firm that works on the Ethereum blockchain, has announced the launch of its zero-knowledge Ethereum Virtual Machine (zkEVM) public test net on March 28, 2023. In response, top crypto companies are vying to be the first to fully embrace the rapidly emerging technology. 

 

In December of last year, ConsenSys already had its private beta zkEVM testnet up and running. Since then, more than 350,000 transactions have been completed on the private testnet. Cryptography is used by zero-knowledge (ZK) technology to speed up transactions and lower gas costs on blockchains.

 

A team of developers from Infura, Truffle, MetaMask, as well as Besu, and Gnark worked together to develop the ConsenSys zkEVM. This rollup improves security and speeds up onboarding for developers.

 

ConsenSys intends to keep zkEVM running after launch. According to Nicolas LiochonConsenSys' Head of Research and Development, the public beta testnet is aimed at testing the congestion on the mainnet. 

 

The firm is now in talks with up-and-coming participants in the Ethereum ecosystem to deploy and integrate with its zkEVM testnet in order to guarantee the widespread adoption of its scaling rollup EVM-equivalent. In order to scale the network, Liochon asserts that it is essential to make it simple for DApps and tools to move to the zkEVM. 

 

The battle to introduce the first ZK rollup has recently become more competitive. Polygon plans to release the zkEVM mainnet beta. Also, ZK rollups will be introduced by Scroll and Matter Labs, however, no launch dates have been specified. 

 


likes | comments 0

Profile Image

Pavan A

CBW - External Analyst

INDIA

Comments
Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
banner
Article
Animoca Ventures leads $1M seed funding round for Narwhal Finance

With participation from Hailstone Ventures and various angel investors, Narwhal Finance which is a decentralized cross-market perpetual trading platform built on BNB Chain and Arbitrum has announced;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.