ZKsync 3.0: Elastic Chain - Reshaping the future of blockchain interoperability
In 2023, Matter Labs launched ZK Stack, which allows developers to build custom blockchains based on ZKsync technology, transforming ZKsync 3.0 from Ethereum L2 to Elastic Chain to achieve high interoperability.
The core upgrade of ZKsync 3.0 is scheduled for June 2024. Its core is to reconstruct the L1 bridge as a shared router contract to support the extended ZK chain network. Elastic Chain is composed of ZK Chain, which ensures security through mathematical verification and achieves seamless interoperability, aiming to improve the fluency and efficiency of the ZKsync ecosystem.
The Elastic Chain architecture consists of three major components: ZK Router is responsible for network communication coordination; ZK Gateway, as a bridge, handles asset transfers between external blockchains and the ZKSync network, and reduces fees through transaction aggregation; ZK Chains ensure transaction security through zero-knowledge proofs and work with Router.
GK Gateway is the key to Elastic Chain, enabling seamless settlement between ZK Chains and Ethereum, reducing verification costs, and enhancing anti-censorship capabilities. GK Chains can freely join or leave the GK network to maintain flexibility.
To ensure network resilience and reliability, Matter Labs plans to introduce a decentralized validator cluster to operate the GK Gateway, and validators are incentivized by charging bridge fees and state data fees. In addition, ZKSync network governance will designate tokens (such as ZK tokens) for network governance to promote the decentralization process.
The launch of ZKsync 3.0 and its Elastic Chain architecture is an important milestone in the field of blockchain interoperability, laying a solid foundation for the future development of the blockchain ecosystem and showing unlimited potential and hope.
