Originally published on: December 13, 2024
ZKsync is setting its sights high with ambitious goals to achieve a whopping 10,000 transactions per second (TPS) and reduce transaction fees to as low as $0.0001 by the year 2025. As a layer-2 (L2) scaling solution utilizing zero-knowledge proofs (ZK-proofs), ZKsync is dedicated to enhancing the scalability, security, and privacy of the Ethereum mainnet.
In a recent blog post on December 12, ZKsync unveiled its 2025 roadmap, outlining plans to enhance its Elastic Network and ZK Stack, positioning them as essential tools for blockchain developers. By surpassing the 10,000 TPS mark and slashing transaction fees to $0.0001 for Ethereum-native ERC-20 tokens, ZKsync aims to make its technology more attractive and accessible to developers, ultimately advancing personal freedom for investors and propelling mass adoption of cryptocurrencies.
The protocol emphasizes the importance of privacy in Web3 and highlights how technologies like confidential computing can drive institutional participation and increase liquidity in the crypto space. Remi Gai, founder of Inco, believes that privacy-preserving technologies are crucial for institutions to join the decentralized finance (DeFi) sphere. Confidential computing solutions, such as fully homomorphic encryption (FHE), enable secure computations on encrypted data without exposing sensitive information, opening up vast opportunities for financial institutions to leverage blockchain technology.
Amidst growing interest in privacy-preserving technologies like ZK-proofs, recent legal developments have underscored the importance of privacy in the crypto space. With regulatory decisions impacting protocols like Tornado Cash, the need for secure and private transactions has never been more apparent. The legal battles surrounding Tornado Cash developer Alexey Pertsev and the subsequent court rulings have shed light on the complexities of privacy-oriented protocols in a rapidly evolving regulatory landscape.
As ZKsync and other privacy-focused projects continue to innovate and address the challenges of privacy and scalability in blockchain technology, the future of decentralized finance looks promising. Stay informed with the latest developments in the crypto space by subscribing to our newsletter, Finance Redefined, to unlock new financial opportunities and make confident decisions in the ever-changing world of decentralized finance.
