The state of zkSync: scaling, security, UX, traction, challenges, financials | Fundamentals ep.75

Fundamentals

In this episode of the Fundamentals podcast, we’re joined by Alex, the Co-Founder and CEO of Matter Labs – the engineering team behind zkSync – a Layer-2 blockchain protocol that scales Ethereum with zero knowledge technology. In this episode with Alex, we discuss what zkSync’s core value proposition is, and why zero-knowledge proofs are the most viable technology to enable the mainstream adoption of public blockchains. We speak about Hyperchains, and what the zkSync ecosystem will evolve into on a long-term horizon. Alex walks us through the current painpoints with crypto’s UX, and how zkSync is tackling these problems. We dive into zkSync Era’s economic model, the venture case for a blockchain protocol, and walk through the best metrics to measure the performance of a blockchain. Finally, we wrap up with the current challenges related to zkSync’s growth, and what the most exciting things happening within the zkSync ecosystem are. Tune in for a great discussion about zkSync, and scaling Ethereum’s technology and values zkSync: https://zksync.io/ Matter Labs: https://matter-labs.io/ X (Twitter): https://twitter.com/zksync Alex: https://twitter.com/gluk64_ZkSync Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps:

00:00 Introduction

01:25 zkSync's core value proposition

02:18 Why are ZK proofs the most viable technology to enable the mainstream adoption of public blockchains

05:42 What sets zkSync apart from other blockchains tackling similar problems?

14:12 ZK Stack: a modular framework for building sovereign ZK-powered Hyperchains

18:39 How is zkSync solving crypto's UX painpoints?

23:04 Has native account abstraction been a growth driver?

25:00 What is the importance of EVM compatibility?

27:19 What is zkSync's position and role in a crypto native future?

29:14 Core contributors to the development of zkSync

30:17 zkSync Era's economic model

31:02 Value accrual within the zkSync ecosystem

31:28 How does zkSync benefit economically from Hyperchains?

32:33 What metrics and KPIs are best suited to measure/value a blockchain

34:01 The venture case for zkSync & how it differs from a traditional software business

36:49 Current growth challenges

38:15 Most exciting developments within the zkSync ecosystem … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content. #zkSync #Ethereum #Blockchain #Crypto #tokenterminal