ConsenSys Unveils zkEVM Private Beta Testnet December 14, 2022 December 14, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsDecember 14, 2022 by Kelly Cromley

ConsenSys Unveils zkEVM Private Beta Testnet

The inventor of the Web 3.0 environment, ConsenSys, revealed their zero-knowledge Ethereum Virtual Machine (zkEVM) platform for private beta trial on December 13. Utilizing ConsenSys-designed and -operated tools like as MetaMask, Truffle, and Infura, programmers may employ and maintain decentralized apps as if they were employing EVM natively. Moreover, users may trial their smart contracts and decentralized apps, or dApps, by bridging resources between the Goerli testnet and the zkEVM.

“Testnet members may also link tokens, exchange tokens, and engage with installed decentralized applications mentioned on our future environment web page. We plan to determine if the zkEVM programmer encounter has the ability to stimulate advancements in Web3 and will evaluate community comments to determine our next move.”

ConsenSys has spent years attempting to encapsulate EVM processing with zero-knowledge proofs in order to construct a zkEVM, as contrasted to establishing zk-rollups on platforms distinct from the EVM.

Zero-knowledge technology validates trades on a distinct layer and returns processing to Ethereum without returning the complete data set. Ethereum researchers believe that rollup systems such as Optimism may boost scalability by a maximum of 100x by only giving verification that everything was successfully calculated on layer two and returning a concise proof to the blockchain.

The revamped ConsenSys zkEVM will start enrolling users in January 2023. ConsenSys states that there are no existing specifics on how initial testers would be compensated or whether a freshly minted token will be associated with the zkEVM.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.