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Gnosis Joins Forces To Build The Ethereum Economic Zone And Stop The L2 Split » CoinsNewsDesk
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Gnosis joins forces to build the Ethereum Economic Zone and stop the L2 split

Finance Funding


TLDR

Gnosis is a founding contributor to the Ethereum Economic Zone alongside Jordi Baillina and the Ethereum Foundation.
EEZ bundle contracts allow Ethereum mainnet contracts to be called atomically in a single transaction.
Protocols on the EEZ package directly access Ethereum's native liquidity without capping, bridging, or additional delays.
Gnosis plans to define the role of the GNO token and its verifier in any future implementation of the EEZ with the DAO.

The Ethereum Economic Zone is a framework that Gnosis is jointly building to solve Layer 2 blockchains on Ethereum. Gnosis, which has operated as a Layer 1 blockchain for seven years, contributed to this initiative.

Jordi Beilina, founder of Ziske and creator of Circom, has joined as a founding contributor. The Ethereum Foundation is also funding the overall development effort.

Tokenmetrics

The framework focuses on synchronous composition and allows coils to connect to the Ethereum mainnet without a bridge.

A framework built around integrated capabilities

Ethereum scale has reached its prime in recent years. Transactions became cheaper and network traffic increased steadily. However, the process fragmented the ecosystem into different chains rather than a unified economy.

Each pack is made with its own fluid, bridge and instrument. Developers must redeploy the same products across multiple chains to reach all users. Users face expensive pairing costs and assets in chains they don't easily track.

Gnosis mentions on X that Ethereum has become a fragmented archipelago rather than a unified economy. The Ethereum Economic Zone is designed to solve that at the infrastructure layer. The framework allows smart contracts to call Ethereum mainnet contracts in a single transaction.

Calls between different coils in the same execution are also supported. This is what developers call synchronous integration. It eliminates the need to wait for bridges, wraps, or deadlines.

Protocols on EEZ rolls directly access Ethereum's existing liquidity without bridging and wrapping. A protocol can use Uniswap's mainnet pool atomically, with the same L1 guarantees. These rolls inherit Ethereum's full proof-of-concept security without adding any new trusted assumptions.

What Ethereum Economic Zone Means for Gnosis Chain

Gnosis admits that the neutral block space thesis did not develop as expected. Blockspace has been outselling the industry over time. Running a standalone Layer 1 requires constant rebuilding of the DeFi infrastructure and liquidity startup.

Synchronized interactions change the competitive dynamics for chains like Gnosis. Projects in the decentralized Ethereum domain do not need to duplicate the entire ecosystem. Instead, they can rely on shared liquidity and canonical infrastructure.

That shift frees up capital and engineering bandwidth for diversification. Gnosis plans to invest more in user experiences and products like Gnosis Pay and Gnosis App. Real-world financial integrations are also more practical with an integrated model.

The Ethereum Economic Zone connects to the Gnosis mission of providing finance to everyone. A stablecoin can now be written on another chain without a bridge via a loan protocol. A consumer app can also get the best value in the ecosystem without any hassle.

Gnosis indicated that GNO's simulation and verification suite may have a role in future EEZ implementation. Those details will be worked out with the Gnosis DAO community in the coming months. Technical architecture, developer tools, and integration guides are also planned for release soon.


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