zkSync unveils new network of ‘Hyperchains’ — Testnet by end of year
zkSync Era’s new ZK Stack will use recursive scaling and “hyperchains” to create an ecosystem of interoperable protocols and sovereign chains. Ethereum zero-knowledge proof scaling system zkSync Era has unveiled its answer to Optimism’s Superchain concept in the form of ZK Stack. It’s a modular framework for a series of ZK-powered custom block chains called yperchains , which will operate as a new layer on top of the existing layer-2 protocol. The chains will be composable and interoperable, enabling almost-instantaneous transfers of liquidity and flash loans between protocols in the system, which is not possible between L1 block chains . It shares some similarities to the Superchain network of L2s unveiled by Optimism when it announced Coinbase’s BASE would be the first addition. Alex Gluchowski, the co-founder and CEO of zkSync, told Cointelegraph that the system did away with the need for clunky and insecure token bridges, which are the weak point exploited by many of the bigge...