The Block19 minutes ago

Published on November 07, 2023 15:00 GMT+00:00edited on November 07, 2023 15:04 GMT+00:00

Blockchain cryptography firm Nil Foundation is planning to introduce a ZK-Rollup, a type of Layer 2 network on Ethereum featuring sharding technology. Named “zkSharding,” this Layer 2 solution will function as a zkEVM — a type of ZK-Rollup that can run existing Ethereum decentralized applications.

The Nil Foundation says that its objective is to provide an alternative approach to scaling by integrating multiple shards into a unified execution Layer 2. Such an approach combines modular and monolithic architectures to host data-intensive dapps.

“We’re excited to finally announce zkSharding for Ethereum availability for the wider community of developers on top of Ethereum, making it suitable for running high-load and data-intensive applications like decentralized sequencers, programmable …