zkSync Sees ‘Starfield Of 10x Moments’ For Layer 3

Ahead of the introduction of its Layer 2 mainnet, zkSync highlighted its upcoming Layer 3 technology and provided information about what it believes could contribute to crypto’s “10x moments.” 28 Days to zkSync 2.0 on mainnet. We recently released our new zkSync block explorer and we'd love your feedback so we can make it even better. Quote tweet us if you want to help contribute. #1000truedevs 🧵(1/4) pic.twitter.com/l7FEll3uyE — zkSync (@zksync) September 30, 2022 Steve Wilhelm, the company’s chief product officer, stated in an interview that these 10x moments, similar to the internet’s growth from 1995 to 2005, would be made possible by Layer 3 and, in the context of zkSync, “fractal hyper chains.” Wilhelm stated that the internet’s early stages and blockchain’s current stage share many parallels. Data speeds in 1995 averaged ten kbps, and fewer than 30,000 websites existed. In just ten years, internet speeds had skyrocketed, the simplicity of building had enhanced, and the number of websites published had topped 6 billion. He further proclaimed that the 10x moments were characterized by advancements in four categories: speed, cost, convenience, and trust. zkSync Layer 2 Mainnet Objective On October 28, zkSync’s Layer 2 mainnet would go live. In contrast with Ethereum, its Layer 2 solution has the potential to boost transactions per second (TPS) by roughly 10–20 times upon release and give developers the ability to create z...