Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
ZKsync (∎, ∆) Profile picture
@zksync
May 27 • 6 tweets • 2 min read • Read on X
1/ Introducing ZKsync Prividium: an enterprise-grade blockchain platform for secure, compliant onchain finance.

Private. Permissioned. Anchored to Ethereum.

In use by @Memento_Bc: an institutional entry point to the Elastic Network designed for compliant asset origination. 🧵
2/ ZKsync Prividium at a glance.

Designed for financial institutions.

∎ Built for compliance
∎ Privacy with control
∎ Ethereum-secured
∎ Interoperability without exposure
3/ Some examples of what it enables:

∎ Global payroll
∎ Collateral mobility
∎ Wholesale cross-border payments
∎ Tokenized asset issuance and servicing

Tailor-made for finance. Ready now.
4/ Prividium is a turnkey solution to bring institutions onchain.

It comes pre-packaged for deployment with access controls, private RPC, private block explorer, and permissioned ledger.

Everything enterprises need to get up and running.
5/ The first institutional partner is already building on Memento ZK Chain, powered by Prividium. @DeutscheBank is co-developing an onchain fund management solution with @Memento_Bc.

6/ More financial institutions are choosing @zksync to move onchain.

Prividium makes that move easier than ever.

🔗 Learn more: zksync.io/enterprise/pri…

📖 Full launch post: zksync.mirror.xyz/-22Hu5ugeOtchn…

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with ZKsync (∎, ∆)

ZKsync (∎, ∆) Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @zksync

ZKsync (∎, ∆) Profile picture
Apr 4
1/ Lens Chain is live on the Elastic Network! This is more than just SocialFi onchain - it’s one of the largest data migrations in blockchain history!
650K users, 125GB of data. Seamlessly migrated.

🧵 Let’s break it down:
2/ @LC is a next-gen SocialFi platform, powered by @zksync and @AvailProject.

→ Gasless UX
→ Onchain content storage
→ Modular social primitives
→ And a massive community of 650K profiles

All live now.
3/ ZKsync tech made the dev & user migration to Lens Chain simple:

✅ Validiums - powered by AvailDA - keep fees low
✅ ZK proofs preserve security
✅ Account abstraction removes friction

No seed phrases. No surprises. Just decentralized, sovereign social at scale.
Read 6 tweets
ZKsync (∎, ∆) Profile picture
Nov 28, 2024
The Elastic Chain is a rollup cluster whose sum is greater than its parts.

► Era: The first ZK Chain and flagship L2 from @zksync
► @cronos_chain: The Cronos zkEVM, in partnership with @cryptocom
► @zerodotnetwork: An L2 network with zero gas fee, by @zerion
► @LensProtocol: The resilient, low-cost Ethereum network with social features.
► @abstractchain: Leading the next generation of consumer crypto
► @Treasure_DAO: The decentralized game console
► @sophon: Unlocking a new era of entertainment onchain
► @SpaceandTimeDB: Decentralized blockchain indexing, data warehouse, and API servers
► @grvt_io: Next-gen marketplace blending CeFi and DeFi on blockchain
► @NodleNetwork: Using smartphones as nodes to create a digital trust network for social good
Read 6 tweets
ZKsync (∎, ∆) Profile picture
Nov 25, 2024
The latest @ZKsync governance proposal aims to reduce the execution delay for all ZK Chains from 21 to 3 hours.

In practice, this reduction greatly improves the UX for users (including CEX withdrawal times) and operational efficiency for builders and businesses.

🧵👇🏻
What is an execution delay?

When you send a transaction on any rollup, it’s not “final” immediately. Rollups derive their security from Ethereum, which means Ethereum needs to finalize your transaction. This happens when the rollup sends data and a proof of that data to an Ethereum smart contract to finalize.

⚖️ Execution delays for Optimistic Rollups are several days to account for their challenge period.

➕ Execution delays for ZK Rollups are very short due to ZK-proofs. However, most core teams extend this period as an added security measure.

l2beat.com/scaling/finali…
Why is ZKsync’s execution delay currently 21 hours?

ZK rollups have shorter execution delays because they use zero-knowledge proofs for transaction validation (trust math, not validators). However, core teams often extend this period as an added security measure.

@the_matter_labs introduced this execution delay to ZKsync so the team could investigate and respond to anomalies such as rapid outflow or unusually large withdrawals.

blog.matter-labs.io/securing-zksyn…
Read 6 tweets
ZKsync (∎, ∆) Profile picture
Sep 16, 2024
.@NethermindEth and @the_matter_labs just completed the first formal verification of ZKsync's on-chain zk-verifier. This is a major milestone for ZKsync and blockchain security.

So, what does this mean? 🧵👇
2/10 What is a zk-verifier?

The zk-verifier ensures that ZK rollups process transactions correctly. It checks the correctness of zero-knowledge proofs, which are central to making rollups scalable and efficient.
3/10 Why is this important?

If a verifier has errors, it could make the system vulnerable to attacks. But since verifiers are complex, ensuring their accuracy is no simple task. So, how can we confidently verify that transactions are not vulnerable to errors?
Read 10 tweets
ZKsync (∎, ∆) Profile picture
May 9, 2024
zkSync protocol upgrade v24, on May 13th, has some HYPE updates for builders and users.

🌉 The zkSync bridge hub lays the foundation for interoperability between ZK chains
📱 Precompiles for signing transactions with Apple and Android devices
💽 Validium mode will soon allow teams to add a custom DA layer and base token for their ZK chain

Read more 👉 github.com/zkSync-Communi…
⚠️ Withdrawals from the official zkSync bridge will be disabled for 24 hours. Users can still use third-party bridges to withdraw.

ℹ️ v24 introduces a new shared bridge L1 contract. Funds will migrate from the old bridge to the new one. This is expected and your funds are safe.
Read more👉 github.com/zkSync-Communi…
Read 4 tweets
ZKsync (∎, ∆) Profile picture
Apr 3, 2024
ℤ𝕂 𝕚𝕤 𝕥𝕙𝕖 𝔼𝕟𝕕𝕘𝕒𝕞𝕖

We’ve memed it into existence, but what does it actually mean? @gluk64’s ETHDenver talk breaks it down 🧵
2/ The internet doesn’t run on a single server.

It's a global system with infrastructure owned and operated by people you've never heard of. Encryption helps secure the internet from most malicious actors despite many opportunities for interference.

Similarly, Web3 won’t run on a single chain. Right now, blockchains are evolving into a more complex network — L2s, hyperchains, DA, bridges, etc. Each new component creates an opportunity to censor.

ZK Proofs preserve trustlessness as Web3 goes mainstream.
3/ With Web2, communication protocols like TLS & SSL authenticate messages to prove communication wasn’t altered. HTTP → HTTPS

But blockchains aren’t just communicating. They’re also transacting. Blockchains take an input state, perform some computation, and produce an output state. When the multichain future goes parabolic, we need to prove this computation wasn’t altered at any point.

Similar to how TLS/SSL gave us the integrity of communication, ZK Proofs give us the integrity of computation. HTTP → HTTPZ

Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(