EddieJayonCrypto

 25 Jun 24

tl;dr

Matter Labs, the developer of ZKsync, has introduced a new roadmap called ZKsync 3.0, featuring an "Elastic Chain" that connects multiple chains in the ZKsync ecosystem. This upgrade, v24, turns ZKsync into an interconnected network, enhancing user experience. The Elastic Chain is part of a trend in...

Matter Labs has introduced ZKsync 3.0, featuring an "Elastic Chain" that connects multiple chains in the ZKsync ecosystem. This v24 upgrade turns ZKsync into an interconnected network, enhancing user experience.

The Elastic Chain comprises Native Token Vault, Shared Router, and ZK Gateway, enabling efficient interaction and transactions between ZK chains. This development mirrors Polygon's AggLayer concept.

The v24 upgrade, released on June 7, turns ZKsync into an Elastic Chain, composing multiple chains in the ZKsync ecosystem, yet providing a seamless user experience.

Last year, Matter Labs released ZK Stack, a toolkit allowing developers to build custom interconnected chains on ZKsync's technology, all integrated through the Elastic Chain.

The Elastic Chain is part of a new trend in blockchain aimed at making interoperability within different ecosystems more seamless for users, akin to Polygon's AggLayer.

The Elastic Chain consists of the Native Token Vault and Shared Router, responsible for managing the state of the network and chain registrations. The ZK Gateway provides interoperability between different chains in the ZKsync ecosystem.

These core components ensure efficient interaction and transactions between ZK chains, maintaining Ethereum's security and scaling horizontally without compromising core blockchain properties.

More about Stepstone Group Inc

Stock: Stepstone Group Inc

Sector: Finance

Industry: Investment Advice

Contact: 5054857000

Current Price: $49.09

Price Change: $0.83

Change (%): 0.91%

PE Ratio: 11.21

EPS: $0.0816

Market Cap: 711631000

52-Week Range: $42.89 - $0.092

Dividend Yield: 1.07%

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