1 cent transactions on @zksync.
With EIP4844 now completed, we've turned our undivided attention to decentralization. The network belongs to its community.
You're not on Ethereum because you trust the EF, Vitalik, or its users. You’re here because Ethereum eliminates the need for trust. Even if the core devs and validators turn rogue, Ethereum will persist and thrive.
To bring Ethereum to the masses, L2s must also eliminate trust.
Massive amount of work went into making @zksync the most scalable, secure, reliable and affordable ZK EVM. I'm deeply grateful to many teams and individuals who contributed to this colossal effort.
2023 was the year of laying the technological fundamentals for Ethereum's
zkSync Era is a year old!
In that year, we:
🛠️ Shipped the ZK Stack, a modular framework for building sovereign hyperchains
💻 Deployed the Boojum proof system to reduce hardware requirements
🏎️ Hit 188 TPS during 2023’s Inscription Event
🔒 Hosted the largest Code4rena
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.
By today's market prices, Ethereum has $110b staked while Solana stands at $70b staked.
Solana's economic security is getting really close to that of Ethereum. Isn't economic security one of the major reasons L2s choose Ethereum as its home?
Matter Labs is a zealous proponent of the libertarian, cypherpunk ethos and the values stated in the ZK Credo. We reject the very idea of “Intellectual Property”. Everything we create is released to the public under free open source licenses.
Trademarks, however, exist to
IMO in 10 years, all rollups will be ZK and will commit blocks with finalized state roots to L1 every slot. It will take a lot of infrastructure and prover optimization to get there, but that's the clear endgame.
After 4 years of hard work, the door of @zksync Era, Ethereum’s first zkEVM mainnet, is finally open to all.
Congratulations to @the_matter_labs team, the zkSync Era ecosystem, and the entire Ethereum community!
The Era of Freedom is waiting for you.
gm zkEVM! 👋🏻
zkSync Era Mainnet Alpha is now open to all users.
Developers, projects, and users can now experience the power of zkEVM.
Read more: blog.matter-labs.io/gm-zkevm-171b1…
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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
Crypto runs on the open source ethos. When projects don’t follow it, the ecosystem suffers.
We were disappointed to see that @zksync copied our code without attribution and made misleading claims about the original work, so we wrote this post.
mirror.xyz/0x70DF15b0208e…
I just sent this message to the Matter Labs team:
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Today, I’m sharing the hardest change we had to make in the 6-year history of Matter Labs. We are restructuring the organization and parting ways with many amazing team members (~16% of the team). We’ve already reached out
If you're worried about one actor being able to abuse TMs, you should be worried about any one actor to have this ability.
Treat the root cause, not the symptoms.
ZK belongs to the community.
