Monday, April 15, 2024
Blockchain

Klaytn Foundation and Matter Labs Collaborate to Advance Layer 2 Technology Integration

Klaytn Foundation, the organization behind South Korea’s prominent Layer 1 blockchain Klaytn (symbol: KLAY), has entered into a memorandum of understanding (MOU) with Matter Labs, the team responsible for developing Ethereum Layer 2 scaling solution zkSync Era. This collaboration aims to advance the integration of zkSync Era’s Hyperchain implementations on Klaytn, marking a significant technological endeavor to incorporate a Hyperchain Layer powered by ZK-Rollups on a blockchain outside of Ethereum. The partnership will focus on the following areas of exploration:

  • Research and development efforts to enhance the connectivity between the Klaytn mainnet and Matter Labs’ zkSync Era Layer 2 blockchain, which leverages Zero-Knowledge Proof technology.
  • Development of new Layer 2 blockchain technology for Klaytn based on zkSync Era.
  • Establishing Klaytn as a Hyperchain infrastructure through the implementation of Matter Labs’ ZK Stack.

By establishing this partnership, Klaytn Foundation and Matter Labs are paving the way for technical cooperation. The collaboration is poised to accelerate the growth of the Klaytn ecosystem infrastructure, as both entities work together to develop Layer 2 and Layer 3 implementations.

Matter Labs has been at the forefront of Zero-Knowledge Proof rollup technology, having deployed zkSync version 1 in 2021. Recently, the company introduced zkSync Era, the second version of their platform that supports EVM compatibility. It is noteworthy as the first zkEVM to launch on the mainnet and is accessible to the public. On June 26th, Matter Labs announced the release of the ZK Stack, a modular and open-source framework enabling the construction of custom ZK-powered L2s and L3s, also known as Hyperchains. These advancements contribute to the scalable throughput, trustless security, and resilience offered by zkSync Era, characteristics that both Klaytn Foundation and Matter Labs deem essential for Layer 2 and 3 protocols.

Dr. Sam Seo, the Representative Director of Klaytn Foundation, acknowledged the scalability challenges that lie ahead with the mass adoption of Klaytn. He expressed optimism about the partnership with Matter Labs, stating that it will expedite the development of Zero-Knowledge Layer 2 technology for the Klaytn mainnet. Dr. Seo emphasized the importance of maximizing scalability on Klaytn, a blockchain already known for its fast transaction processing time and low gas fees.

Marco Cora, the senior vice president of business and ecosystem at Matter Labs, highlighted the significance of working with Klaytn Foundation to explore Hyperchain use cases. He described ZK rollups as the future of Ethereum scaling and emphasized the need to establish the right architectural foundations from the outset. Cora stated that building on the ZK Stack will grant established Layer 1 blockchains like Klaytn two crucial features: sovereignty and seamless connectivity to the Ethereum ecosystem. This connectivity will be achieved in a trustless, fast, cost-effective, and secure manner, opening up new opportunities for builders and users.

The deployment of Layer 2 and Layer 3 hyperchains based on zkSync Era’s ZK Stack will enable Klaytn builders and ecosystem participants to enjoy lower fees and higher throughput. They can process transactions on these layers while benefiting from the full security provided by Klaytn through the submission of zero-knowledge proofs to the mainnet.

As the partnership progresses, Klaytn Foundation and Matter Labs will share their joint project plans and research and development achievements through their respective social channels and communities.

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