New York, United States / New York, October 30th,
2024, Chainwire
=nil; Foundation is launching a general-purpose Ethereum L2
powered by zkSharding that blends the scalability of appchains with
the composability of a monolithic chain
=nil; Foundation, the tenured team behind
=nil;, an Ethereum L2 powered by zkSharding, today announces the
launch of Testnet v1. Following the successful Devnet launch in July,
Testnet v1 is a key milestone on the =nil; product roadmap. This
release includes several protocol upgrades, DevEx improvements, and
concrete examples of using the network, including porting and
integrating Uniswap V2 code to show how DEXs can work in sharded
environments. Developers can learn about all the upgrades here and get involved by
joining Testnet v1 here.
=nil; is a general-purpose Ethereum L2 powered by zkSharding, an
architecture inspired by Ethereum's original vision for sharding,
revitalized by zero-knowledge technology. Through zkSharding, =nil;
enables application developers to access the scale of appchains
with the composability of a monolithic chain. The team behind =nil;
has been in the crypto ecosystem for almost a decade researching
zero knowledge technology and are behind native tools such as
Proof Market, zkLLVM, and Placeholder.
This news follows the recent announcement of
Avi Zurlo stepping up as the new =nil; Foundation CEO.
Avi previously served as the Foundation’s CPO for nearly a year
before becoming CEO and formerly led investments at Delphi Digital
for 25+ early-stage crypto projects. =nil; Foundation is currently
backed by key investors including Polychain Capital, Blockchain
Capital, IOSG Ventures, and others.
“Fragmentation in Ethereum’s L2 ecosystem is holding
back the network’s potential. With =nil;, we’re cutting through
that complexity,” said =nil; Foundation CEO Avi Zurlo. "Ethereum's
future is clear, and =nil; is committed to ensuring it thrives
through zkSharding. By enabling both scalability and composability,
zkSharding is a viable path forward for future generations seeking
more equitable technology."
Testnet v2 and Testnet v3 are planned to launch in Q2 and Q3
next year.
"Since the early days of =nil; Foundation, our goal has
been to overcome the trade-off between scalability and
composability on Ethereum," said Konstantin Lomashuk, Co-Founder of =nil; Foundation.
"After years of research and development, zkSharding is the
solution we envisioned. =nil; is the result of that work,
empowering developers to build applications that scale without
losing the seamless interaction Ethereum was meant to
deliver."
Users can join the Testnet v1 and
follow =nil; Foundation on
X or on Telegram to get the latest
news, leading ZK research, and chances to join the team in building
the future of scalable, trustless systems.
About =nil; Foundation
Founded in 2018, =nil; Foundation is the tenured team behind
=nil;, a general-purpose Ethereum L2. =nil; is powered by
zkSharding, an architecture inspired by Ethereum's original vision
for sharding, revitalized by zero knowledge technology. =nil;
enables application developers to access the scale of appchains
with the composability of a monolithic chain.
Contact
PR
Consultant
Margaret
Hyde
=nil;
Foundation
Margaret@mhconsulting.io