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camiram17 / zksync_tokenomic

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Investors and Roadmap #3

Open camiram17 opened 1 year ago

camiram17 commented 1 year ago

ZKSync is founded by Matter Labs, a German-based company working on scaling Ethereum. It began working on the zkSync solution in December 2019 and released its zkSync v1.0 in June 2020. This first iteration was able to scale to 300 transactions per second.

camiram17 commented 1 year ago

The development of zkSync 2.0 saw the release of the alpha version of zkEVM, which enabled the compatibility of Ethereum Virtual Machine (EVM) in the rollup environment. Furthermore, with the development of zkPorter, a sharding solution, zkSync is working on increasing throughput from 3,000 tps (in its 1.1 version) to 20,000 tps.

camiram17 commented 1 year ago

Matter Labs raised $2 million in a seed round in September 2019 and another $6 million in a Series A round in February 2021 from crypto companies like Binance, Aave, Curve and Coinbase Ventures. Its Series B raise in November 2021 saw another $50 million raised from venture capital funds like a16z, Dragonfly, and Placeholder. In January 2022, the company was backed with another $200 million by BitDAO.