Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Zerion deploys testnet for Layer 2 rollup developed using ZK Stack

The BlockThe Block2024/06/27 16:13
By:The Block

Quick Take Zerion has released a testnet for its Layer 2 rollup project called ZERO Network. The testnet was developed using ZKSync’s software package, ZK Stack.

Crypto wallet provider Zerion has launched the test network for its upcoming Layer 2 rollup, ZERO Network.

The testnet, developed using ZKSync’s software package— ZK Stack , will be part of the expanding ZKSync ecosystem, which includes projects such as Lens Protocol , GRVT, and Cronos zkEVM. The ZERO mainnet launch is scheduled for later this year.

Partners, including 1inch, Philand, and Dodo Finance, are preparing to deploy on the ZERO testnet and eventually launch on the mainnet. The team said it would fully support builders in the ZERO ecosystem, including free API credits and priority placement within the Zerion Wallet.

To address the potential spam and abuse that could arise from the absence of gas fees, Zerion has also introduced a spam prevention system called Onchain DNA, which differentiates real users from bots. The team plans to open-source Onchain DNA, allowing anyone on the network to utilize and enhance it.

“Building ZERO Network with the ZK Stack gives us scalability through zero-knowledge proofs, compatibility within the EVM ecosystem, and an enhanced wallet experience through account abstraction for our users,” said Evgeny Yurtaev, co-founder and CEO, Zerion.

This ZK rollup network will be generally gasless for users, allowing any token to be used to cover network fees. To enable this, Zerion has developed a custom paymaster contract to cover transaction costs for its wallet users.

Zerion previously told The Block that subsidizing the fees will represent a cost to the business that will decline over time as transaction fee improvements are made. Meanwhile, the network dapps will also be able to sponsor transaction fees for users.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Bitcoin ETFs score highest net inflows in 30 days amid volatility from Mt. Gox unlocks

After two consecutive trading days of net outflows, US-based spot bitcoin ETFs on July 5 saw the largest net inflows since June 6, thirty days ago, largely led by gains to Fidelity’s FBTC fund, Coinglass data shows.“The outlook for Bitcoin has never been stronger,” Bitwise’s CEO posted on X.

The Block2024/07/06 16:31

House to Challenge Biden’s Veto on Crypto Accounting Rule

Coinedition2024/07/06 16:31

pump.funs cumulative revenue exceeds $55 million

Odaily2024/07/06 16:29

Jupiter Co-founder: The J4J Project is a large-scale community consistency experiment

Odaily2024/07/06 16:29

‌Spot copy trading

More
AIOnline
AIOnline
insight1000/1000
9940.54%
ROI
Total profit $50696.75
WhaleGo_YouTube
WhaleGo_YouTube
insight500/500
1324.99%
ROI
Total profit $3847.28

Bot copy trading

More
AIZQUEEN
AIZQUEEN
insight20/150
$11718.02
Total profit
Total subscriber profits $35.91
GoldenEgg
GoldenEgg
insight145/150
$5644.26
Total profit
Total subscriber profits $-284.87