ZKBase Launches on Mainnet, Paving the Way for a More Efficient Ethereum Future
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ZKBase Launches on Mainnet, Paving the Way for a More Efficient Ethereum Future
The launch of ZKBase will open up new possibilities for the Layer-2 space.
Navigating Web3 tides with focused insightsAuthor: ZKBase | Layer2 Solution For ETH & BTC
Translation: TechFlow
July 1, 2024 – UTC time 8:00 AM – ZKBase Mainnet officially launches, marking a significant step forward in the Ethereum Virtual Machine (EVM) era. As a ZKEVM-based ETH Layer-2 blockchain, ZKBase introduces a new level of scalability and efficiency to the blockchain ecosystem.
Introduction
Since its founding during the DeFi Summer of 2020, the ZKBase team has been dedicated to the Layer-2 scaling space. Over the past four years, the team has developed a robust platform using ZK-Rollups technology, addressing the high gas fees and slow transaction times that have plagued the Ethereum mainnet. Today’s mainnet launch marks a key milestone in their mission to enhance blockchain scalability and efficiency.
Background
The ZKBase team was established in 2020, emerging from the surge of ETH-based DeFi protocols. Through continuous innovation, they have released major iterations including ZKSwap V1 and V2, ZKSpace, and now the ZKBase Mainnet. These developments have significantly reduced gas costs and transaction times, making blockchains more accessible and efficient.
ZK Rollups and Aggregated Proofs
The ZKBase Mainnet leverages a ZK-Rollups solution powered by zero-knowledge proof algorithms, enhancing transaction processing and system performance. This technology reduces gas costs and improves security by continuously submitting transaction data to the Layer-1 mainnet for verification.
Future Outlook
With the mainnet launch, ZKBase aims to support a wide range of DApps, including DEXs, lending platforms, NFTs, and GameFi applications. The team is also working on building a decentralized computing power marketplace, ZKMarket, to match idle computing resources with demand.
The launch of ZKBase will open new possibilities in the Layer-2 space, addressing critical challenges around security, usability, and programmability, paving the way for the future of Ethereum scaling solutions.
Mainnet Network Information
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Network Name: ZKBase Mainnet
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RPC URL: https://mainnet-rpc.zkbase.app
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Chain ID: 1456
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Currency Symbol: ETH
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Contract Verification API: https://mainnet-contract-verification.zkbase.app/contract_verification
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Portal: https://portal.zkbase.app
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Block Explorer URL: https://explorer.zkbase.app
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Block Explorer API: https://block-explorer-api.zkbase.app
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WebSocket URL: wss://mainnet-rpc.zkbase.app/ws
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