Matter Labs has announced a major new funding round to further develop the second version of its Ethereum-based rollups, zkSync.On Nov. 9, Matter Labs announced it had secured $50 million in a Series B round led by Andreessen Horowitz and included participation from existing investors Placeholder and Dragonfly Capital. The new round follows Matter Labs’ $6 million Series A in … [Read more...] about Matter Labs raises $50M to build EVM-compatible zk-rollups
zkrollups
Hermez Network launches zk-rollups on Ethereum mainnet to process cheap payments
Hermez Network has announced on Wednesday the launch of its zk-rollup mainnet release. This means that the network is now open for users, who can benefit from the rollup’s much lower transaction costs than Ethereum.Zk-rollups use zero knowledge proofs to verify the correctness of a large batch of transactions. An outside ecosystem executes these transactions and generates … [Read more...] about Hermez Network launches zk-rollups on Ethereum mainnet to process cheap payments