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zkSync unveils new network of ‘Hyperchains’ — Testnet by end of year

Published 06/26/2023, 09:00 AM
Updated 06/26/2023, 12:40 PM
© Reuters.
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Ethereum zero-knowledge proof scaling system zkSync Era has unveiled its answer to Optimism’s Superchain concept in the form of ZK Stack.

It’s a modular framework for a series of ZK-powered custom blockchains called yperchains, which will operate as a new layer on top of the existing layer-2 protocol. The chains will be composable and interoperable, enabling almost-instantaneous transfers of liquidity and flash loans between protocols in the system, which is not possible between L1 blockchains.

The fast growing TVL of zkSync Era. Source: L2beat

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