zkSync is a Layer 2 blockchain protocol that eliminates Ethereum’s inherent congestion with zero knowledge proofs. Matter Labs’ creation is on a mission to accelerate the mass adoption of crypto for personal sovereignty.
It is designed to unlock the full potential of trustless blockchain technology while scaling the core values of Ethereum. With initial funding from the Ethereum Foundation, zkSync has already powered over 14 million high-speed transfers.
zkSync project started in the Summer of 2020. However, Matter Labs, the startup behind zkSync, has worked on Layer 2 scaling zero knowledge proofs since at least 2019. Launched in June 2020, the first interaction delivered 300 transactions per second. zkSync 2.0 brought qualitatively different features, such as Account Abstraction and EVM support through Solidity and Vyper.
