The year 2023 has marked the rise of ZK-Rollups, a promising solution for the scalability-security-privacy trilemma in blockchain. According to Vitalik Buterin, ZK-Rollups are expected to outperform other layer-2 solutions, such as optimistic rollups, and emerge as the leading scaling technology.
With the launch of projects like zkSync Era and the continuous development of Matter Labs’ zkSync, the ZK-Rollup ecosystem is rapidly expanding, offering developers the potential to build scalable and secure decentralized applications.
As we look forward to 2024, the ZK-Rollup space is poised for further growth and innovation, making it an exciting area to watch for advancements in blockchain scalability and security.
Based on my search along the year, here are some of the best ZK-Rollup projects to watch in 2024:
- zkSync Era: An upgraded version of zkSync Lite, zkSync Era is a layer 2 solution that utilizes ZK Rollups technology to increase transaction speed. It was launched on the mainnet in March 2023 and has garnered substantial interest from the blockchain community, with over 200 projects expressing their intent to deploy on the platform.
- StarkNet: A Layer 2 project that utilizes ZK Rollup technology, built and developed on Ethereum. It is expected to be one of the top ZK-Rollup projects to watch in 2024.
- Loopring (LRC): A ZK-based Layer 2 for payments, Loopring is expected to continue to be a top ZK-Rollup project in 2024.
- Immutable X (IMX): A ZK Chain for gaming and NFTs, Immutable X is expected to continue to be a top ZK-Rollup project in 2024.
- Mina Protocol (MINA): A ZK Rollup investment that is expected to continue to be a top ZK-Rollup project in 2024.
These projects have been evaluated based on their capacity for handling transactions, security, and scalability. ZK-Rollups are a crucial aspect of Ethereum’s scalability solutions, as they facilitate off-chain computations while maintaining the security of the Ethereum blockchain, resulting in faster and more cost-effective transaction processing. It is important to note that new ZK-Rollup projects are emerging every day, and it is practically impossible to make a complete list.
I plan to craft 5 articles focusing on the five projects centered around zk-rollup technology.
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