ZKM Unveils Revolutionary Hybrid Rollup, Making Ethereum the Universal Settlement Layer

ZKM Unveils Hybrid Rollup to Make Ethereum the Universal Settlement Layer

ZKM, the zero-knowledge rollup developed by the MetisDAO Foundation, plans to transform Ethereum into the universal settlement layer for all blockchain and non-blockchain applications. With funding from the foundation, ZKM is developing a hybrid rollup that combines optimistic and zero-knowledge rollups into one. This approach aims to improve throughput and lower transaction costs. The system is set to launch on the Ethereum testnet in January 2023. Initially, Metis will be the first network to utilize ZKM’s hybrid rollup, allowing for instant transfers from the layer 2 to the layer 1 chain. ZKM also aims to make its rollup compatible with other layer 1 networks like Solana, Avalanche, and BNB Chain. Additionally, ZKM plans to extend Ethereum’s functionality as a settlement layer for non-blockchain applications, including cloud computing, AI, and IoT systems.

Key Points:

– ZKM, the zero-knowledge rollup, is being developed by the MetisDAO Foundation to make Ethereum the universal settlement layer.
– The hybrid rollup combines optimistic and zero-knowledge rollups to improve throughput and reduce transaction costs.
– ZKM will start operating on the Ethereum testnet in January 2023.
– Metis will be the first network to implement ZKM’s hybrid rollup, enabling instant transfers from layer 2 to layer 1.
– ZKM aims to make its rollup compatible with other layer 1 networks like Solana, Avalanche, and BNB Chain.

Hot Take:

ZKM’s hybrid rollup has the potential to revolutionize Ethereum by enhancing its scalability, speed, and interoperability. By combining optimistic and zero-knowledge rollups, ZKM aims to address the current limitations of layer 2 solutions. With its plans to extend Ethereum’s functionality beyond blockchain applications, ZKM has the opportunity to position Ethereum as a versatile and widely adopted settlement layer across various industries. This development showcases the continuous innovation happening within the Ethereum ecosystem and the drive to overcome existing challenges for the benefit of users and the broader blockchain community.