PANews reported on December 8th that, according to The Block, ZKsync announced on Sunday that it plans to discontinue ZKsync Lite (formerly ZKsync 1.0), the original zero-knowledge rollup solution launched on Ethereum in 2020, sometime next year. In its announcement, ZKsync stated that this is a planned and orderly system phase-out, that the system has fulfilled its mission, and will not affect any other ZKsync systems. The team will release specific details, dates, and migration guidelines next year. According to L2BEAT data, although ZKsync Lite currently processes fewer than 200 operations per day, approximately $50 million in user funds remain on the network. ZKsync stated that the funds are safe, and withdrawals to L1 will continue to operate normally throughout the process. ZKsync emphasized that this discontinuation will not affect its other products. Matter Labs, the company behind ZKsync, reportedly launched the fully functional zkEVM, ZKsync Era, in March 2023. This system could run arbitrary smart contracts, and they have since ceased active development of ZKsync Lite. The team stated that their focus will now be on systems built on the ZK Stack, Prividiums, and the broader ZKsync network.PANews reported on December 8th that, according to The Block, ZKsync announced on Sunday that it plans to discontinue ZKsync Lite (formerly ZKsync 1.0), the original zero-knowledge rollup solution launched on Ethereum in 2020, sometime next year. In its announcement, ZKsync stated that this is a planned and orderly system phase-out, that the system has fulfilled its mission, and will not affect any other ZKsync systems. The team will release specific details, dates, and migration guidelines next year. According to L2BEAT data, although ZKsync Lite currently processes fewer than 200 operations per day, approximately $50 million in user funds remain on the network. ZKsync stated that the funds are safe, and withdrawals to L1 will continue to operate normally throughout the process. ZKsync emphasized that this discontinuation will not affect its other products. Matter Labs, the company behind ZKsync, reportedly launched the fully functional zkEVM, ZKsync Era, in March 2023. This system could run arbitrary smart contracts, and they have since ceased active development of ZKsync Lite. The team stated that their focus will now be on systems built on the ZK Stack, Prividiums, and the broader ZKsync network.
ZKsync plans to abandon its early network, ZKsync Lite, in 2026.
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PANews reported on December 8th that, according to The Block, ZKsync announced on Sunday that it plans to discontinue ZKsync Lite (formerly ZKsync 1.0), the original zero-knowledge rollup solution launched on Ethereum in 2020, sometime next year. In its announcement, ZKsync stated that this is a planned and orderly system phase-out, that the system has fulfilled its mission, and will not affect any other ZKsync systems. The team will release specific details, dates, and migration guidelines next year. According to L2BEAT data, although ZKsync Lite currently processes fewer than 200 operations per day, approximately $50 million in user funds remain on the network. ZKsync stated that the funds are safe, and withdrawals to L1 will continue to operate normally throughout the process. ZKsync emphasized that this discontinuation will not affect its other products.
Matter Labs, the company behind ZKsync, reportedly launched the fully functional zkEVM, ZKsync Era, in March 2023. This system could run arbitrary smart contracts, and they have since ceased active development of ZKsync Lite. The team stated that their focus will now be on systems built on the ZK Stack, Prividiums, and the broader ZKsync network.
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