A big step forward for the digital assets industry and U.S. banking.
ZKsync × @BitGo partner to deliver a production-ready solution for tokenized deposits, combining secure custody with private, compliant blockchain settlement.
Built for banks. Ready for deployment.
Today marks a new chapter for U.S. banking.
The Cari Network, developed alongside five regional banks, is building a new platform to bring tokenized deposits onchain.
Secure. Private. Within the regulatory perimeter. Powered by ZKsync’s Prividium.
Today, we are celebrating a key milestone for ZKsync.
The ZKsync token being MiCA ready enables institutions, enterprises and exchanges to partner with ZKsync with confidence, supported by regulatory clarity and accessible documentation.
Read the ZK Token Token White Paper 👇
Thrilled to co-lead @grvt_io $19M Series A with @further, @eigencloud and @500GlobalVC.
Built on the ZKsync Stack, @grvt_io redefines onchain finance by delivering perps & strategies that are fast, secure, private & scalable.
The time for ZK-powered DeFi is now.
@omw_to_the_moon So it can be subject to the side channel attacks? The post seems contradictory to the initial claim at the top of the thread, i.e. that the the privacy has not been broken
@donnoh_eth@gluk64 By default the same level of native bridging will be supported as for L1->L2 bridging now. So typically no action will be needed from users. But if someone would want to bridge + maintain complex logic (like fee on transfer tokens), the dev would have to implement this logic
The ZKsync governance system is live on mainnet! Builders, users, researchers, devs, network operators, token holders and more--our diverse community now steers the ship.
ZKsync is fully decentralized and controlled by its community.
🧵👇
Read the full post here: https://t.co/ABd0Mlr9Ml
ZK technology belongs to the community. Full stop.
We applied for ZK-related trademarks to ensure that the term “ZK” can be used freely in the context of “ZK Sync”, “ZK Stack” and other related names. Like it or not, trademarks are the only legal tool available for this today.
“A common misconception is that having a trademark means you legally own a particular word or phrase and can prevent others from using it. However, you don’t have rights to the word or phrase in general, only to how that word or phrase is used with your specific goods or services." (*)
That said, we are committed to finding an appropriate structure for the ZK trademark that is accessible to everyone building ZK tech. We invite other ZK projects to join this effort.
ZK technology, and the term ZK in particular, is and must always remain a public good, freely available to all.
(*) https://t.co/keoEKEcF2H
@high_byte@rel_zeta_tech the EVM project was a bit of an experiment on top of the native zkEVM, but the contracts calling is the same.
Basically when a call is done, we read the bytecode hash from storage, magically open the bytecode and later on prove that hash(bytecode) = bytecodehash
Only the future will tell how it will play out! This is not a sprint, and definitely shouldn’t be treated as one.
The @safe team is asking for the inclusion of the EIP-5003 that would allow moving all users to smart accounts: https://t.co/sqF9OZ8p7F
It can distract the road to full account abstraction support!
I see two paths for account abstraction:
- EOAs never migrate to SA, the hybrid approach wins the adoption, but
- The 🤏 difference between native AA and EIP-4337 and the new tooling can help transition to native AA.
What does it mean for native account abstraction?
EOAs with similar capabilities as EIP-4337 accounts allows for better standardization.
The benefits include
⇒ more users for AA
⇒ better standardization
⇒ better tooling, and more
But, one caveat might be…
Rollups dilemma with EIP-3074 ⇒ msg.sender != tx.origin
With the current logic of EIP-3074, EOAs in use-cases mentioned above, the “key recovery” and “paid tx” users will not be able to access the original account, only the aliased one.
Now, the EOAs and EIP-4337 accounts are at the same level, both can do:
⇒ custom logic
⇒ sponsored tx
However, contracts can never be the transaction initiators. You’ll always need a relayer + additional costs for the EOA that starts tx