Ethereum L2 zkSync Unveils Next Mega Upgrade: Details

By U.Today July 18, 2023 In Ethereum

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

In its bid to double down on its overall performance and efficiency, Ethereum Layer 2 scaling solution zkSync has unveiled its next mega upgrade. Dubbed Boojum, the upgrade will help usher in a STARK-powered proof system, providing world-class performance on consumer-grade hardware.

Say hello to Boojum πŸ‘‹: zkSync Era’s new high-performance proof system for radical decentralization. Boojum is an upgrade that will transition zkSync Era to a STARK-powered proof system, providing world-class performance on consumer-grade hardware.

πŸ’‘ Learn more:… pic.twitter.com/1GrwJ5Y07A

Advertisement

β€” zkSync ∎ (@zksync) July 17, 2023

Boojum upgrade benefits

The Boojum tool is branded as the RUST-based cryptographic library of the zkSync ecosystem. As the protocol detailed, it will power the upgraded ZK circuit version for zkSync Era and the ZK Stack.

zkSync Taking Spotlight on Ethereum, Here Are Latest Metrics

The benefits of this upgrade are far-reaching and will primarily help boost efficiency with orders of magnitude significantly higher than the current 100 TPS it boasts of. Additionally, the Boojum upgrade will help reduce the hardware requirements in order to achieve decentralization.

As zkSync noted, its “long-term goal is to enable user-powered, decentralized proof generation. Boojum represents a breakthrough in this direction β€” with the prover running on consumer-grade GPUs requiring only 16 GB GPU RAM.”

The protocol said the process of implementing the upgrade will not impact the network in any negative way. According to the announcement, Boojum is now resident on the mainnet, and it is permitting the shadow-proofing of transactions so as to help test the system before fully migrating.

Race for L2 dominance

It is not uncommon for different Ethereum Layer 2 scaling solutions to chart a series of upgrades in a bid to dominate the Ethereum Layer 2 scaling platform. The Boojum push by zkSync occurs in tandem with the debut of the Polygon zkEVM protocol as the legacy scaling solution looks to solidify its position as a top Layer 2 protocol.

Polygon (MATIC) Nailwal: zkEVM Launch Changes World Forever

The attraction of L2s on Ethereum is growing, with the Celo Network also mulling over plans to transaction from a wholesome Layer 1 outfit into an Ethereum L2. While this proposal is still in its infancy, it underscores how innovators agree with the fact that the future of decentralized finance (DeFi) lies with Ethereum.

About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey’s articles has been featured on Blockchain.news, Cryptonews and Coingape, among others.

Published on

U.Today

View the full article

You may also like