Originally published on: December 13, 2024
ZKsync is setting its sights on an impressive goal for the year 2025: achieving more than 10,000 transactions per second (TPS) and drastically reducing transaction fees to as low as $0.0001.
A layer-2 (L2) scaling solution, ZKsync utilizes zero-knowledge proofs (ZK-proofs) to enhance the scalability, security, and privacy of the Ethereum mainnet.
In a recent blog post, ZKsync unveiled a roadmap for 2025, outlining plans to elevate its performance to over 10,000 TPS and bring transaction fees down to an unparalleled $0.0001. These advancements are aimed at solidifying ZKsync’s Elastic Network and ZK Stack as the go-to tools for blockchain developers.
With aspirations to offer over 10,000 TPS and minimal fees for ERC-20 tokens by the end of next year, ZKsync is poised to make a significant impact in the blockchain space.
The protocol’s core focus remains on enhancing personal freedom for investors and driving widespread crypto adoption, as stated in a recent Xpost by ZKsync.
In an effort to encourage mainstream institutions to enter the decentralized finance (DeFi) arena, ZKsync is prioritizing privacy enhancements in the Web3 ecosystem. The incorporation of confidential computing-based technologies could potentially revolutionize institutional participation and increase liquidity in the crypto sphere.
According to industry experts like Remi Gai, founder of Inco, privacy-preserving technologies like confidential computing are crucial for institutional involvement in blockchain. Fully homomorphic encryption (FHE) solutions, which allow computations on encrypted data without decryption, hold the key to unlocking trillions of dollars of capital in the cryptocurrency sector.
Recent regulatory decisions have underscored the importance of privacy-oriented protocols like ZK-proofs, with technologies like Tornado Cash gaining significant attention. Despite legal challenges faced by developers in this space, the momentum for privacy-preserving solutions remains strong.
As ZKsync continues to advance its technology to meet its ambitious goals by 2025, the future looks bright for improved scalability, security, and privacy in the blockchain realm. With a focus on driving institutional participation and enhancing user experience, ZKsync is paving the way for a more inclusive and efficient blockchain ecosystem.
