ConsenSys, a blockchain software technology company, has announced the launch of their EVM-equivalent zkEVM rollup to public testnet on March 28, 2023. The rollup is a layer 2 scaling solution for Ethereum that utilizes zero-knowledge proofs to increase transaction throughput and reduce gas costs. With the public testnet, any dApp developer or protocol can join the network and test their smart contracts, providing an opportunity to improve the performance and scalability of their applications. This launch is expected to have a significant impact on the Ethereum ecosystem, as it provides a secure and efficient solution to increase the network's capacity.
Q: What is ConsenSys?
A: ConsenSys is a blockchain software technology company that provides a wide range of products and services in the blockchain space, including development tools, infrastructure solutions, and consulting services.
Q: What is an EVM-equivalent zkEVM rollup?
A: An EVM-equivalent zkEVM rollup is a layer 2 scaling solution for Ethereum that uses zero-knowledge proofs to increase transaction throughput and reduce gas costs. It allows smart contracts to be executed off-chain, while still maintaining the security and decentralization of the Ethereum network.
Q: When will the public testnet be open?
A: The public testnet will be open on March 28, 2023.
Q: Who can join the network and test smart contracts?
A: Any dApp developer or protocol can join the network and test smart contracts.
Q: What are the benefits of using the ConsenSys zkEVM rollup?
A: The benefits of using the ConsenSys zkEVM rollup include increased transaction throughput, reduced gas costs, and improved scalability for Ethereum-based applications.
Q: How do I join the ConsenSys zkEVM rollup network?
A: Developers can join the network by following the instructions provided by ConsenSys on their website or by contacting their support team for assistance.
Q: Is the ConsenSys zkEVM rollup secure?
A: Yes, the ConsenSys zkEVM rollup uses zero-knowledge proofs to ensure the security and privacy of transactions, making it a secure solution for scaling Ethereum.
Q: How does the ConsenSys zkEVM rollup work?
A: The ConsenSys zkEVM rollup uses zero-knowledge proofs to bundle multiple transactions into a single transaction on the Ethereum mainnet. This reduces the amount of data that needs to be processed by the Ethereum network, which in turn reduces the gas costs for users. The rollup is secured by a network of validators who verify the correctness of the transactions using cryptographic proofs.
Q: Can I use the ConsenSys zkEVM rollup for my existing dApp?
A: Yes, the ConsenSys zkEVM rollup is compatible with existing Ethereum smart contracts and dApps. Developers can use the rollup to improve the performance and scalability of their applications.
Q: Will the ConsenSys zkEVM rollup be available on the Ethereum mainnet?
A: Yes, the ConsenSys zkEVM rollup is designed to be deployed on the Ethereum mainnet. However, the public testnet is being launched first to allow developers to test and optimize their applications before deploying them to the mainnet.
Q: Is the ConsenSys zkEVM rollup open source?
A: Yes, the ConsenSys zkEVM rollup is open source, which means that developers can access the code and contribute to its development.
Q: How will the ConsenSys zkEVM rollup impact the Ethereum ecosystem?
A: The ConsenSys zkEVM rollup is expected to have a significant impact on the Ethereum ecosystem by improving the performance and scalability of Ethereum-based applications. It will also reduce gas costs and make it easier for developers to build decentralized applications on Ethereum.
Q: What is the difference between a rollup and a sidechain?
A: A rollup is a type of layer 2 scaling solution that bundles multiple transactions into a single transaction on the mainchain. A sidechain is a separate blockchain that is interoperable with the mainchain but operates independently. Rollups are generally considered to be more secure and efficient than sidechains, but they have certain limitations in terms of functionality and interoperability.