ZKsync Unveils ZKsync 3.0 Roadmap, Introduces Elastic Chain Competing with Polygon AggLayer

ZKsync has announced a new roadmap, ZKsync 3.0, focusing on the Elastic Chain solution - consolidating all chains into one, similar to Polygon's AggLayer solution.

ZKsync Unveils ZKsync 3.0 Roadmap, Introduces Elastic Chain Competing with Polygon AggLayer

Matter Labs, the company behind the ZKsync Layer 2 project, has just unveiled a new roadmap named ZKsync 3.0.

The new phase aims to further interconnect the project's ecosystem. At the heart of the roadmap is the introduction of the "Elastic Chain," a multi-chain structure that gives users the experience of using a single chain.

Matter Labs stated:

"The core of ZKsync 3.0 is the v24 upgrade launched on June 7, transitioning ZKsync from a single ZK chain to the Elastic Chain."

As reported by Coin68 last year, Matter Labs introduced the ZK Stack toolset with a vision for developing "Hyperchains." These Hyperchains are all interconnected through the Elastic Chain.

"The Elastic Chain is a network of ZK chains that can scale infinitely (rollups, validiums, and volitions), secured by algorithms and capable of seamless interaction under a unified and intuitive UX."

Elastic Chain aims to create a more seamless interaction capability between different ecosystems for users. Matter Labs' competitor, Polygon Labs, also released a similar solution earlier this year named AggLayer.

According to Matter Labs, Elastic Chain consists of three core components. The first component includes the "Native Token Vault" and "Shared Router" acting as the network's central entities.

"Implemented as a series of smart contracts on Ethereum, these components manage the network's state, handling chain registration."

Structure of Elastic Chain. Source: Matter Labs

The second component, the ZK Gateway, serves as an intermediary connecting Ethereum to ZKsync, enabling synchronized interaction between different ecosystems.

"Together, these core components ensure that ZK chains can efficiently interact and transact with each other, inheriting Ethereum's security features and forming a horizontally scalable network without compromising other properties."

That's the developer perspective. For end-users, Elastic Chain aims to present a multi-chain environment that is coherent, operating visually as a unified entity.

Interacting with any smart contract on the network is organized seamlessly through the Ethereum Multichain Address (EMCA) standard, creating a smooth, straightforward user experience.

Meanwhile, the ZK token's performance continues to languish since the controversial token airdrop. The project has also announced its second airdrop - FDV has plummeted by 40%.