Ethereum

when

Polygon

Zero

zkSync

<ul> 
 <li>Over the last year, zkSync Era has implemented the Boojum Proof System.</li> 
 <li>According to L2Beat, zkSync Era is presently ranked third for L2 performance.</li> 
</ul> 
The zkSync Era <a href="https://thenewscrypto.com/u-s-sec-delays-decision-on-vaneck-spot-ethereum-etf/" target="_blank" rel="noreferrer noopener">Ethereum</a> Layer-2 scaling protocol has celebrated its one anniversary by showcasing its accomplishments in the last year of competing in the L2 arena. 
Using the twitter platform, the protocol said that since its inception on March 24, 2023, it has made many advancements, including delivering the ZK Stack, a modular foundation for creating sovereign hyperchains. 
<h3 class="wp-block-heading" id="h-significant-advancements">Significant Advancements</h3> 
Over the last year, <a href="https://thenewscrypto.com/zksync-era-resolves-withdrawal-delays-ensures-system-stability/" target="_blank" rel="noreferrer noopener">zkSync Era</a> has implemented the Boojum Proof System to assist its validators in reducing hardware needs. This is due to the fact that Layer-2 scaling solutions are specifically intended to assist with transaction throughput, an area where Ethereum often fails. 
The Transaction Per Second (TPS) surpassed 188 during the 2023 Inscription Event, which was a notable performance milestone. The biggest Code4rena audit competition, which zkSync also held, had a prize pool of almost $1.1 million. 
According to analytics platform <a href="https://l2beat.com/scaling/summary" target="_blank" rel="noreferrer noopener nofollow">L2Beat</a>, zkSync Era is presently ranked third for L2 performance, with an average TPS of 16.23, an increase of 16.94% over the last week. In the last seven days alone, zkSync Era has processed 37.77 million transactions. 
The newly released Ethereum <a href="https://consensys.io/ethereum-dencun-upgrade" target="_blank" rel="noreferrer noopener nofollow">Dencun Upgrade</a> seems to have benefited the Ethereum L2 to a large extent. The protocol was already more user-friendly than it had been a year before its unveiling, when transaction prices on zkSync Era fell to as little as one penny. With an eye toward the future, zkSync Era lays out its next big objective: to give its full attention to the Zero Knowledge (ZK) component of its vision. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/blockchain-sequencer-issue-causes-downtime-for-polygon-zkevm/" target="_blank" rel="noreferrer noopener">Blockchain Sequencer Issue Causes Downtime for Polygon zkEVM</a>

zkSync Era Highlights Impressive Achievements on First Anniversary

Table of Contents

TheNewsCrypto

Other articles published on Mar 25, 2024

Unlocking Smarter Crypto Trading with AI Power

Recent Developments in the Cryptocurrency Market

ChainGPT & Polygon Labs Alliance Indicates MATIC Price Recover

Binance to be blocked in the Philippines by regulatory watchdogs

SquidGrow (SQUIDGROW) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Can Intel and AMD Compete with Nvidia?

Join our free newsletter for daily crypto updates!