ZKsync Targets 10K TPS and Sub-Zero Fees by 2025 Roadmap Goals
ZKsync has announced ambitious goals to achieve over 10,000 transactions per second and reduce transaction fees to $0.0001 by 2025.
ZKsync is a layer-2 (L2) scaling solution that uses zero-knowledge proofs (ZK-proofs) to improve the scalability, security, and privacy of the Ethereum mainnet.
In an effort to improve usability, ZKsync aims to increase performance to more than 10,000 TPS and lower transaction fees to just $0.0001, according to a 2025 roadmap shared in a blog post on December 12.
ZKsync Roadmap 2025. Source: ZKsync
Related: The European Central Bank is exploring blockchain and MPC technology
ZK Stack and Elastic Network will be the top choices for blockchain developers in 2025
The roadmap lays out ZKsync's plan to refine Elastic Network and ZK Stack as the tools of choice for blockchain developers.
Achieving more than 10,000 TPS at $0.0001 average transaction fees for Ethereum-native ERC-20 tokens by the end of next year will attract developers of ZKsync's technology.
Enhancing the personal freedom of investors and accelerating mass crypto adoption is at the heart of the protocol, ZKsync wrote in a December 12 X post:
Today, Web2 developers are forced to make trade-offs between Web3 values and usability, often opting for centralized developer platforms. ZKsync's response is to create an elastic, cloud-like development environment where developers can choose between UX, performance and security.
ZKsync, Web3. Source: ZKsync
Related: Chainlink CCIP is now live on ZKsync, enhancing cross-chain interoperability
Privacy-preserving technologies could lead to more mainstream crypto adoption.
Most major institutions have been deterred from joining the decentralized finance (DeFi) space because of the general lack of private governments in Web3.
But cryptographic computing-based technologies can strengthen institutional participation and increase liquidity in crypto, said Inco founder Remi Gai.
In the year During the 2024 FHE meeting, Guy told Cointelegraph that privacy is important to institutions:
“It's clear that institutions still have a hard time getting into the space. If you enable an experience similar to what's available on Web2, suddenly, that's going to bring more fluidity, issues, bigger participants, and more money to get into the space.”
Cryptocurrency is the next frontier of blockchain. Source: Inc
Confidential computer technologies bring significant prospects for financial institutions. For example, fully homomorphic encryption (FHA) solutions allow calculations to be performed without decrypting encrypted data.
Cryptocurrency could unlock the next $1 trillion in capital for the crypto space with continued technological advancements, Guy said.
Privacy-preserving technologies such as ZK-proofs will gain growing interest in 2024, partly due to recent regulatory decisions related to privacy-focused protocols, such as the crypto hybrid protocol Tornado Cash.
In the year November 23 Tornado Cash developer Alexey Persev's pre-trial detention was extended pending legal proceedings.
However, in a landmark legal victory on November 26, three judges of the Fifth Circuit Court of Appeals ruled that the Office of Foreign Assets Control exceeded its authority by approving Tornado Cash's immutable smart contracts – reversing a lower court's decision and granting the platform's users a partial summary judgment.
Magazine: Did Telegram's Pavel Durov commit a crime? Crypto advocates weigh in.
