Composable Finance Integrates zkSync into its Layer 2 Bridging Tool
Disclaimer: Information as of Oct 5, 2021. For the most recent updates, dive into our comprehensive documentation here.
Composable Finance is excited to bring zkSync into its cross-layer capable solution, integrating this major scaling platform with Mosaic. Through this incorporation, we bring about cross-layer capability for the increasingly large number of protocols leveraging zkSync’s scalability technology. By working directly with zkSync on this endeavor, we ensure optimal functionality between the projects built on it and our cross-layer infrastructure.
What the Integration Entails:
zkSync will be linked to other layer 2/scalability solutions as a part of Mosaic. This tool unifies the layer 2 space, removing present hurdles to enable users to move their assets freely from one solution to another. Composable’s incorporation of zkSync allows us to optimally integrate their offering into our bridge, delivering a seamless user experience. As a result, it will be incredibly easy for users to move their crypto from platforms using zkSync to platforms using other scalability solutions, without unnecessary complications, costs, or delays.
Why We’re Integrating zkSync:
zkSync was at the top of our list as one of the most important platforms to incorporate into Mosaic.
zkSync has already partnered with a multitude of major platforms, including Curve and Balancer, which rank 3rd and 11th in terms of the largest total value locked (TVL) in DeFi protocols at the time of writing. Curve, the largest decentralized exchange (DEX), was one of the first to demo on a zkSync testnet — using ‘Zinc’, a programming language allowing developers to rewrite smart contracts into the rollup.
We are additionally excited to work with zkSync as it is a type of zero knowledge (ZK) rollup, which is predicted by Ethereum Co-Founder Vitalik Buterin and many others to achieve widespread predominance in the field of blockchain scalability solutions.
Because of this popularity and high potential for growth, it is critical that we offer zkSync and all of the protocols it connects to an opportunity to unite with the rest of the layer 2 space. This will make the experience of users much more cost and time effective, while also providing new use cases that developers can construct.
More about zkSync:
zkSync is a scaling solution with the primary goal of achieving ‘Visa-scale’ throughput augmented by the security of zero knowledge proofs. zkSync also uses on-chain data availability and its security is based on layer 1. Because of its advanced infrastructure, zkSync is presently able to achieve an optimal throughput of 300 transactions per second (TPS), with 4–12 minutes for each proof. The project recently announced their plan for additional features in their zkSync 2.0, which includes solutions for developers looking for continuity with EVM and increased composability. Their mainnet for zkSync 2.0 is set to be released this August, with an anticipated 20,000 TPS capability.
zkSync has clearly solidified its position as a leader in the scalability solution space, and will be an important integration for the Composable platform. With the seamless linkage of zkSync to other layer 2/scalability solutions through Mosaic, DeFi users and developers will have more room for flexibility and innovation than ever before.
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