• ConsenSys, one of the leading blockchain development firms, has announced the launch of its zkEVM (Zero-Knowledge Ethereum Virtual Machine) on the public testnet.
• Developed over four years, the zkEVM is expected to provide speedy finality, high throughput, and enhanced security for settlements on the Ethereum blockchain.
• The zkEVM results from a collaborative effort between various teams that have been designed to streamline the development process and reduce onboarding times for developers.
ConsenSys Launches Revolutionary zkEVM
ConsenSys, one of the leading blockchain development firms, has recently announced the launch of its Zero-Knowledge Ethereum Virtual Machine (zkEVM) on a public testnet. The zkEVM is expected to deliver a new level of security and privacy to Ethereum settlements.
Features Of The zkEVM
The launch marks a significant step forward in ConsenSys‘ ongoing efforts to advance blockchain technology and bring greater scalability to the Ethereum ecosystem. Developed over four years, the zkEVM offers features such as speedy finality, high throughput, and enhanced security for transactions on the Ethereum blockchain. It also allows Solidity developers to build, test, and launch DApps while putting the technology at scale.
Private Beta Testing
During Q4 of 2022, a private beta version was made available to select users who enabled over 350K transactions to be processed by leveraging various decentralized applications (DApps). This exclusive access helped evaluate how well these technologies worked at scale before rolling out onto an open-source platform like mainnet or testnet.
Collaborative Effort Behind The Launch
The upcoming release is driven by a collaborative effort between various teams including Infura, Truffle & MetaMask along with developers working on Besu & Gnark projects. The rollup has been designed keeping in mind that it should streamline development process & reduce onboarding times for developers while providing additional levels of security measures when it comes to processing transactions via smart contracts on blockchains like Ethereum or any other given platform/blockchain protocol that supports this type of virtual machine code execution model(s).
With its upcoming launch onto a public testnet during March 28th 2021 , ConsenSys’s Zero Knowledge Virtual Machine will offer an unprecedented level of secure transactions within decentralized web applications running atop an immutable ledger like Ethereum or any other similar based platforms .