ZKsync Targets 10,000 TPS and $0.0001 Fees by 2025
Layer 2 scalability solution ZKsync aims to achieve over 10,000 transactions per second (TPS) and reduce transaction fees to $0.0001 by 2025. This Ethereum-based solution enhances the mainnet's scalability, privacy, and security through zero-knowledge proofs (ZK-proofs). The roadmap released by ZKsync outlines plans to improve platform usability and performance.
The roadmap includes enhancements to ZKsync’s Elastic Network and ZK Stack, targeting blockchain developers with reduced median gas fees for Ethereum-native ERC-20 tokens by the end of 2025, making the technology more appealing for developers.
ZKsync highlighted its commitment to advancing personal freedom for investors and promoting mass crypto adoption. In a December 12 X post, it stated:
“Today, Web2 builders are forced to make tradeoffs between Web3’s values and usability, often opting for centralized developer platforms. ZKsync’s answer is to create an elastic, cloud-like development environment without builders to choose between UX, performance, and security.”
ZKsync Focuses on Decentralization and Privacy
ZKsync is advancing decentralization by launching a decentralized governance model in September 2023, enabling community involvement in protocol development. This governance system features on-chain contracts to enhance transparency and decision-making processes.
Privacy is critical for mainstream crypto adoption, as many institutions hesitate to enter the decentralized finance (DeFi) space due to the lack of private states in Web3. Remi Gai, founder of Inco, noted that confidential computing technologies could facilitate institutional participation and increase liquidity. He stated at the FHE Summit 2024:
“Institutions are still having a hard time entering the space because everything is transparent. If you enable an experience similar to what they’re comfortable with in Web2, suddenly, this could bring more liquidity, use cases, bigger participants and money to enter the space.”
Confidential computing technologies present significant opportunities for financial institutions. Advancements in this area could unlock an additional $1 trillion in capital for the crypto market.