ZKsync has announced ambitious goals to achieve more than 10,000 transactions per second (TPS) by 2025 and reduce transaction fees to $0.0001.
ZKsync is a Layer 2 (L2) scaling solution that improves the scalability, security, and privacy of the Ethereum mainnet using zero-knowledge proofs (ZK proofs).
According to the 2025 roadmap shared in a blog post on December 12, ZKsync aims to increase performance to over 10,000 TPS and reduce transaction fees to $0.0001 in an effort to improve usability.
ZKsync Roadmap 2025. Source: ZKsync
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ZK Stack and Elastic Network will be the best choice for blockchain builders in 2025
The roadmap outlines plans to improve ZKsync’s Elastic Network and ZK Stack to position it as the preferred tool for blockchain builders.
Achieving over 10,000 TPS with a median transaction fee of $0.0001 for Ethereum-based ERC-20 tokens by the end of next year will make ZKsync’s technology even more attractive to builders.
Promoting individual freedom for investors and accelerating mass cryptocurrency adoption are at the heart of the protocol, ZKsync wrote in a December 12 X post.
“Today’s Web2 builders have to make trade-offs between the value and usability of Web3 and often choose centralized developer platforms. ZKsync’s answer is to create a resilient, cloud-like development environment without builders having to choose between UX, performance, and security.”
ZKsync, Web3. Source: ZKsync
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Privacy technology could lead to more mainstream adoption of cryptocurrencies.
Most mainstream institutions are reluctant to participate in the decentralized finance (DeFi) space due to the general lack of private status in Web3.
According to Remi Gai, founder of Inco, confidential computing-based technology can strengthen institutional participation and increase the liquidity of cryptocurrencies.
At FHE Summit 2024, Gai told Cointelegraph that privacy is important to the institution.
“Institutions are still having a hard time getting into that space because everything is transparent. “Enabling an experience similar to what they’re comfortable with on Web2 can suddenly bring more liquidity, more use cases, more participants, and more money to enter the space.”
Confidential computing is the next frontier for blockchain. Source: Inco
Confidential computing technologies offer significant promise for financial institutions. For example, fully homomorphic encryption (FHE) solutions allow you to perform computations on encrypted data without decrypting it.
According to Gai, Confidential Computing could generate $1 trillion worth of capital in the future in the cryptocurrency space through continued technological development.
Privacy-preserving technologies such as ZK Proof have received increasing attention in 2024, in part due to recent regulatory decisions related to privacy-oriented protocols such as Tornado Cash, a cryptocurrency hybrid protocol.
On November 23, Tornado Cash developer Alexey Pertsev’s pre-trial detention was extended while he awaits legal proceedings.
But in a major legal victory on November 26, a three-judge panel of the 5th Circuit Court of Appeals found that the Office of Foreign Assets Control exceeded its authority in approving Tornado Cash’s immutable smart contracts. This overturned the lower court’s decision and granted partial summary judgment to the platform’s users.
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