Matter Labs Announces New Portal for zkSync

2023-09-15 14:42:53

Matter Labs ha announced the launch of a new portal for the zkSync ecosystem, which will be managed by DappRadar. Both companies agree that the development of this new portal is the first step towards the complete decentralization of the protocol.

zkSync, a layer 2 blockchain for payments on Ethereum, was created by Matter Labs as a method to scale the Ethereum blockchain. It currently has a total of 200 projects and has facilitated more than 8.8 million transactions on the testnet, according to statements on the protocol’s website.

It was initially reported that The project received little demand after its launch, as it only managed to connect $115 million in funding in the first 10 days after launching its public mainnet.. Matter Labs sees its ultimate vision as incubating, launching, and decentralizing the zkSync protocol alongside zkStack. However, in another move toward vision, Matter Labs is interested in taking a step back from managing the rapidly growing zkSync ecosystem. It was highlighted that decentralization is achieved gradually by removing Matter Labs from building the technology and managing the ecosystem.

Matter Labs Makes Bold Claims

Most analysts believe these recent changes are in line with zkSync’s credo. This is a document that was written in June and that exemplifies the ideals of the zkSync community, as well as its principles of trust and sovereignty.. Other fundamental principles that are crucial for decentralized networks were also highlighted. Some of them are security, reliability, privacy, accessibility, hyperscalability, and censorship resistance.

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Matter Labs went on to state that DappRadar’s platform would grant greater visibility to all decentralized applications listed through the zkSync ecosystem portal. Besides, Matter Labs highlighted that the move would eventually translate into more views from regular users and greater opportunities for press coverage from some major media outlets..

The platform says that letting go of control of the zkSync ecosystem is just the beginning. According to the press release, the masses were told that plans to completely decentralize protocol technology would be announced soon.. These would also include community governance and some of the larger pieces of the network.


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