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ZkSync

zkSync is a trustless protocol for scalable low-cost payments on Ethereum, powered by zkRollup technology. It uses zero-knowledge proofs and on-chain data availability to keep users’ funds as safe as though they never left the mainnet.

Seed Round: $2 Million

Series A funding Round: $6 Million

Series B funding Round: $50 Million

Series C funding Round: $200 Million

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Overview

Project industryBlockchain Infrastructure
Product typeTechnology
FoundedUnited States

What is ZkSync

Matter Labs develops scaling Ethereum a decentralized application intended to remove interaction obstacles between untrusted parties. It develops zkSync which makes crypto payments cheaper and can be used to scale arbitrary smart contracts. The company was founded in 2019 and is based in Berlin, Germany.

zkSync is a ZK rollup, a trustless protocol that uses cryptographic validity proofs to provide scalable and low-cost transactions on Ethereum. In zkSync, computation is performed off-chain and most data is stored off-chain as well. As all transactions are proven on the Ethereum mainchain, users enjoy the same security level as in Ethereum.

zkSync is made to look and feel like Ethereum, but with lower fees. Just like on Ethereum, smart contracts are written in Solidity/Vyper and can be called using the same clients as the other EVM-compatible chains.

zkSync stands out remarkably in security and usability among existing L2 scaling solutions. Thanks to the combination of cutting-edge cryptography and on-chain data availability, ZK rollups (the core network of zkSync) are the only L2 scaling solution that doesn't require any operational activity to keep the funds safe. For example, users can go offline and still be able to withdraw their assets safely when they come back, even if the ZK rollup validators are no longer around.

zkSync features

  • Mainnet-level security with zero reliance on 3rd parties
  • ETH and ERC20 token transfers with instant confirmations and 10-minute finality on L1*; see supported tokens
  • Ultra-low transaction fees (~1/100th of mainnet costs for ERC20 tokens and ~1/30th for ETH transfers)
  • No registration is required to receive funds
  • Payments to existing Ethereum addresses (including smart-contracts)
  • Fees conveniently payable in the token being transferred
  • Withdrawals to mainnet in ~10 minutes
  • Multisig (opens new window)support
  • Permissionless smart contracts

Details

Raised: 458,000,000 USD

Legal

Registration country: Gibraltar
Registration year: 2018

ZkSync Roadmap

1
May 2022

zkEVM Architecture Upgrade

2
August 2022

Dynamic Fees

3
September 2022

Project Registration

4
October 2022

Proof Generation and Validation

5
October 28, 2022

Baby Alpha

6
Q1 2023

Fair Onboarding Alpha

7
Q2 2023

Full Launch Alpha

8
Q1 2023 and Beyond

Improved Developer and User Experience

9
Q1 2023

Layer 3 Proof of Concept: Opportunity

10
2023

Decentralization

Project team

Nicole McCarty
Nicole McCarty
Product Marketing Specialist
Nicole McCarty linkedin
Zoé Gadsden
Zoé Gadsden
Chief Operating Officer
Zoé Gadsden linkedin
Niko Veatch
Niko Veatch
Head of Recruiting
Niko Veatch linkedin
Marco Cora
Marco Cora
Head Of Business Development
Marco Cora linkedin
Bayo Akins
Bayo Akins
Business Development Manager - Infrastructure Lead
Bayo Akins linkedin
Estevan Vilar
Estevan Vilar
Community Manager
Estevan Vilar linkedin
Igor Borodin
Igor Borodin
DevOps Lead
Igor Borodin linkedin
Anthony Rose
Anthony Rose
Head Of Engineering
Anthony Rose linkedin
Amy Stubbings
Amy Stubbings
Talent Acquisition Lead
Amy Stubbings linkedin
Rich Kim
Rich Kim
Global Lead - Gaming and NFT, Business Development and Partnerships
Rich Kim linkedin
Landon Gingerich
Landon Gingerich
Business Development Operations Manager
Landon Gingerich linkedin
Olena Shyrinhovska
Olena Shyrinhovska
Technical Talent Acquisition Lead
Olena Shyrinhovska linkedin
Steve Newcomb
Steve Newcomb
Chief Product Officer + Chief Marketing Officer
Steve Newcomb linkedin
Michael Carilli
Michael Carilli
Senior Applied Cryptography Engineer
Michael Carilli linkedin
Anton Diadiuk
Anton Diadiuk
Middle Software Engineer
Anton Diadiuk linkedin
Alex Gluchowski
Alex Gluchowski
Co-Founder & CEO
Alex Gluchowski linkedin
Shahar Kaminsky
Shahar Kaminsky
Core Backend Engineer Building zkSync
Shahar Kaminsky linkedin
Amy Mayernik
Amy Mayernik
Head of Events
Amy Mayernik linkedin
Omar Azhar
Omar Azhar
Head of Enterprise Business Development
Omar Azhar linkedin
Jesse Rosenblatt
Jesse Rosenblatt
Business Development Manager
Jesse Rosenblatt linkedin
Anthony Albertorio
Anthony Albertorio
Head of Developer Relations
Anthony Albertorio linkedin
Philip Leo Winkler
Philip Leo Winkler
Chief of Staff
Philip Leo Winkler linkedin
Bohdan S.
Bohdan S.
Senior Frontend Developer
Bohdan S. linkedin
Ankur R.
Ankur R.
Chief Financial Officer
Ankur R. linkedin
Vladyslav Bochok
Vladyslav Bochok
Middle Software Engineer
Vladyslav Bochok linkedin
S X
S X
Business Development Lead - DeFi
S X linkedin
Ramon Canales
Ramon Canales
Head of Product
Ramon Canales linkedin
Lev Potomkin
Lev Potomkin
Middle Software Engineer
Lev Potomkin linkedin
Marco Verde
Marco Verde
Head of IT Operations
Marco Verde linkedin
Olena Oshchypok
Olena Oshchypok
Cryptography engineer
Olena Oshchypok linkedin
Hope Mayernik
Hope Mayernik
Events Operations Specialist
Hope Mayernik linkedin
Sebastien A.
Sebastien A.
DeFi
Sebastien A. linkedin
Shazia Hasan
Shazia Hasan
Lead, Communications and Marketing
Shazia Hasan linkedin
Maribelle Dickins
Maribelle Dickins
Talent Acquisition Coordinator
Maribelle Dickins linkedin
Isha Sangani
Isha Sangani
Business Operations Manager
Isha Sangani linkedin
Annie Park
Annie Park
Event Marketing Manager | Americas
Annie Park linkedin
Henri Viès
Henri Viès
Media Relations Lead
Henri Viès linkedin
George Cumberlidge
George Cumberlidge
Lead Technical Recruiter
George Cumberlidge linkedin
Artyom M.
Artyom M.
Senior QA Engineer
Artyom M. linkedin
Albiona Hoti
Albiona Hoti
Developer Advocacy Manager
Albiona Hoti linkedin
Robert Remen
Robert Remen
Principal Applied Cryptography Engineer
Robert Remen linkedin
Roman Brodetskiy
Roman Brodetskiy
Lead Software Engineer
Roman Brodetskiy linkedin
Jason Chee
Jason Chee
Senior Operations
Jason Chee linkedin
Anastasia Vashchuk
Anastasia Vashchuk
Junior Engineer
Anastasia Vashchuk linkedin
Braden Apana
Braden Apana
Community Manager
Braden Apana linkedin
Andrey Osipenko
Andrey Osipenko
Product Manager
Andrey Osipenko linkedin
Mykhailo Perekopskyi
Mykhailo Perekopskyi
Middle Software Engineer
Mykhailo Perekopskyi linkedin
Aleksandr Stepanov
Aleksandr Stepanov
Senior DevOps Engineer
Aleksandr Stepanov linkedin
Danil Railean
Danil Railean
Frontend Developer
Danil Railean linkedin
Andrii Bondar
Andrii Bondar
Senior Product Designer
Andrii Bondar linkedin
Stan Breadless
Stan Breadless
Middle Software Engineer
Stan Breadless linkedin
Nisha Sharma
Nisha Sharma
Operations Lead
Nisha Sharma linkedin
Antonio Ufano
Antonio Ufano
Developer Relations Engineer
Antonio Ufano linkedin
Bertrand Duvault
Bertrand Duvault
Head of Sales
Bertrand Duvault linkedin
Dmitry Sorkin
Dmitry Sorkin
Senior Software Engineer
Dmitry Sorkin linkedin
Will Macfie
Will Macfie
Ecosystem Marketing Lead
Will Macfie linkedin
Flash Sheridan
Flash Sheridan
Senior Compiler Test Engineer
Flash Sheridan linkedin
Oles Holembovskyy
Oles Holembovskyy
Cryptographer
Oles Holembovskyy linkedin

Social media

ZkSync web-siteZkSync RedditZkSync MediumZkSyncYouTubeZkSync TelegramZkSync TwitterZkSync DiscordZkSync Github

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