ZKsync recently made an important upgrade that transformed its Ethereum bridge into a shared router to support a network of interoperable ZK chains. This new development, known as ZKsync 3.0, now allows for multichain support, enabling other chains built with the ZK stack to join its ecosystem of interconnected chains. The goal of this upgrade is to create an Elastic Chain that promotes low-cost interoperability and unified liquidity across various chains.
The introduction of the Elastic Chain by ZKsync is part of a growing trend among layer 2 networks to establish interoperable ecosystems on top of the Ethereum network. For example, Optimism and Polygon are also examples of layer 2 chains that have evolved into networks of chains using their respective technology stacks. Polygon recently launched Agglayer, which enables developers to link layer 1 or 2 chains to its expanding network of interoperable chains.
The Elastic Chain ecosystem consists of autonomous chains that are connected at the protocol level to facilitate seamless native asset transfers. Despite being composed of multiple chains, the ecosystem functions as a single unified chain. ZKsync is leading the way in creating an interoperable layer of blockchains using zero-knowledge proofs.
Looking ahead, ZKsync aims to welcome twenty other chains to join the elastic chain ecosystem by 2024. This expansion will further enhance the network’s capabilities and increase its overall efficiency in processing transactions. By fostering collaboration and interoperability among different chains, ZKsync is paving the way for a more interconnected and efficient blockchain ecosystem.
In conclusion, the introduction of the Elastic Chain by ZKsync marks a significant milestone in the evolution of layer 2 networks. By creating a network of interoperable ZK chains, ZKsync is setting the standard for efficient and cost-effective transactions across multiple chains. As more chains join the elastic chain ecosystem, the possibilities for seamless asset transfers and unified liquidity will continue to expand, benefiting developers and users alike.