#zksync #zkEVM #Ethereum #ETH #scalability
Scaling Ethereum is not just about improving transaction throughput, costs, or user experience; it's about scaling freedom, trustless, barrierless, and permissionless economic cooperation. And the zkSync team is doing just that by enabling more freedom through its technology. zkSync Era Mainnet opens the gates to the worldâs first zkEVM Mainnet, in a permissionless manner for everyone to use. The technology has undergone robust testing, multiple tier-1 security audits, public contests, and bug bounties. Developers, projects, and users can build on and bridge funds to experience the power of zkEVM.
Scaling blockchains is difficult, but zkSync has made it possible through succinct zero-knowledge (ZK) proofs. The technology is capable of enforcing the integrity of arbitrarily large computations, verifiable by anyone with no more than the power of a smartphone. In December 2020, zkSync launched zkSync Lite, a simple ZK-rollup for payments that has been live on Mainnet. Two years later, zkEVM was introduced, and the vision of scaling Ethereum's smart contracts without compromising on security, decentralization, cost, or performance was realized.
Security is a top priority for zkSync, and the team has spent over a year and millions of dollars testing and auditing all components of zkSync Era. The system has undergone seven independent security audits, three internal audits, two public security contests, and an open-ended bug bounty program. The zkSync Era code is also open-sourced. Before the Mainnet launch, zkSync Era was tested on a testnet since February 2022 and on Mainnet since October 2022. The system will remain in Alpha while the team monitors the system with increased usage and TVL.
The zkSync team is continuously monitoring the system for vulnerabilities and running additional security audits and bug bounties. A security council will be created once the system matures to allow for emergency protocol upgrades via the zkSync Security Council. While security improvements will never end, the team believes the time to launch is now. Delaying the launch would jeopardize user assets, but more importantly, undermine people's trust.
In conclusion, zkSync Era Mainnet is a forward-looking technology designed to empower builders to tap into features that will enable cheap privacy, uncapped growth, and complex use cases. The system is future-proof, not backward-looking, and will enable users to experience the power of zkEVM. The team at zkSync is committed to scaling freedom and creating a trustless, barrierless, and permissionless economic cooperation.
