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ZKBase launches Mainnet, ushering in the EVM Era
Written by Written by AMBCrypto Team
Reviewed by Reviewed by AMBCrypto Team
Updated July 1, 2024
Press Release

ZKBase has officially launched its mainnet, marking a significant stride into the Ethereum Virtual Machine (EVM) era. As an ETH Layer-2 blockchain based on ZKEVM, ZKBase introduces a new level of scalability and efficiency to the blockchain ecosystem.

Introduction

The ZKBase team has been dedicated to the Layer-2 scaling track since its formation during the DeFi Summer of 2020. Over the past four years, the team has developed a robust platform using ZK-Rollups technology, addressing the high gas fees and slow transaction times that plagued the Ethereum mainnet. The mainnet launch today signifies a milestone in their journey to enhance blockchain scalability and efficiency.

Background

Formed in 2020, the ZKBase team emerged from the surge in ETH-based DeFi protocols. The team has consistently innovated, releasing major versions like ZKSwap V1 and V2, ZKSpace, and now, the ZKBase mainnet. These developments have significantly reduced gas fees and transaction times, making blockchain more accessible and efficient.

ZK Rollups and Aggregative Proof

The ZKBase mainnet utilizes ZK-Rollups, a solution based on zero-knowledge proof algorithms that enhance transaction processing and system performance. This technology reduces gas costs and improves security by continuously submitting transaction data to the Layer-1 mainnet for confirmation.

Future Prospects

With the mainnet launch, ZKBase aims to support a wide array of Dapps, including DEXs, lending platforms, NFTs, and GameFi applications. The team is also working on establishing a decentralized computational power market, ZKMarket, to match idle computational resources with demand.

The launch of ZKBase is set to unlock new possibilities in the Layer-2 domain, addressing critical issues such as security, convenience, and programmability, and paving the way for the future of Ethereum’s scaling solutions.

Mainnet network info
  • Network Name: ZKBase Mainnet
  • RPC URL: https://mainnet-rpc.zkbase.app
  • Chain ID: 1456
  • Currency Symbol: ETH
  • Contract Verification API: https://mainnet-contract-verification.zkbase.app/contract_verification
  • Portal: https://portal.zkbase.app
  • Block Explorer URL: https://explorer.zkbase.app
  • Block Explorer API: https://block-explorer-api.zkbase.app
  • WebSocket URL: wss://mainnet-rpc.zkbase.app/ws

Disclaimer: This is a paid post and should not be treated as news/advice.

 

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

AMBCrypto Team

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AMBCrypto Team is constituted by a vastly experienced team of professional journalists and analysts. Each one of us is driven to deliver the most important, the most insightful stories and analyses of the day. Whether you're a casual enthusiast or a trader or an investor, we make sure you get the most objective, accurate, and time-sensitive story at your fingertips.

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