Latest news from the crypto world: Ankr and Matter Labs are collaborating to deploy ZkSync Era and hyperchain nodes on Microsoft Azure Markeplace.
The partnership will enable simplified access to innovative blockchain solutions for all Azure customers, promoting the development of the Web3 world.
Full details below.
Summary
Crypto: blockchain solutions ready to be launched on Microsoft’s marketplace
Ankr, a provider of web3 crypto infrastructure, is collaborating with the Matter Labs team to develop simplified blockchain connections on the Microsoft Azure Marketplace.
Through the partnership, Azure customers will be able to connect to or create decentralized applications on the ZkSync Era network, a layer 2 scaling solution managed by the engineers working at Matter Labs.
In detail, Microsoft’s public cloud platform, which collects a complex set of distributed applications, will soon be able to take advantage of ZkSync Era nodes and dedicated hyperchains to offer developers an easily accessible gateway for these kinds of blockchain services.
In particular, hyperchains allow companies or individuals to create their own customizable blockchain based on certain needs on the security, privacy and scalability front, all topped off with support from the Ankr team.
The announcement came after the three organizations met earlier this year at the crypto event “‘Interop Summit” held during ETHDenver in a panel titled, “How Ankr, zkSync and Microsoft are Collaborating to Bring the Next Billion Users to Web3.
In addition, Ankr had already partnered with Microsoft in February this year to be able to deploy a crypto node hosting service, also on Azure marketplace, that will offer its Web3 infrastructure within Ankr’s Microsoft Azure Marketplace listings.
This is a three-way cooperation, in which Ankr’s specialized solutions, the ZkSync Era zero-knowledge blockchain network and Microsoft’s cloud infrastructure will come together.
A real revolution that could potentially trigger a rapid increase in decentralized application development resulting in growth for the entire web3 industry.
Regarding the news, co-founder and CEO of Ankr Chandler Song said:
“By offering the ability to build on zkSync Era via Ankr’s Microsoft Azure Marketplace solutions, we are breaking barriers to entry for an array of businesses that need their unique scalability and performance requirements met before they begin building out their Web3 initiatives.”
What are Matter Labs and zkSync Era?
After reporting the crypto news of the launch of blockchain solutions on the Microsoft Azure marketplace, we can only devote an in-depth look at the provider of these services, namely Matter Labs.
The latter represents a team of Berlin-based engineers, passionate about blockchain and mathematics, who have been engaged in the development of the zkSync Era layer 2 since the summer of 2020.
The goal of this product is to solve once and for all the famous blockchain trilemma outlined by Vitalik Buterin, according to which it is impossible to simultaneously achieve a high level of scalability, decentralization and security in a DLT.
Over the years Matter Labs has obtained a series of funding from various venture capitalists such as a16z, Dragonfly, Coinbase Ventures, Blockchain Capital, 1kx raising a total of $458 million.
The company’s core values are those of freedom, decentralization, creativity, minimalism and intentionality.
The ZkSync Era network was launched in the mainnet in March this year, experimenting with so-called “zero-knowledge cryptographic proofs,” and was immediately a huge success.
The project’s backbone technology, which incorporates these “zk proofs,” is known as “Zk rollup,” and is an innovation in blockchain that allows a group of transactions that occur off-chain (in a layer 2) to be wrapped by validating a single transaction that occurs in the main substrate.
The ZkSync Era layer 2 blockchain, which relies on Ethereum‘s infrastructure, makes scalability its strongest point, offering a TP/S greater than 2,000 transactions.
On the cost-effectiveness front, the layer 2 performs well given that in addition to the speed of transaction execution, it requires up to 100 times less gas consumption than the main L1.
The fact that such a high-performance network has landed on Microsoft’s azure marketplace is critical if the goal of achieving mass adoption in the crypto world is to be pursued.
ZkSync Era currently has a “total value locked” (TVL) of $553 million, with high growth prospects for the coming months.
Many individuals in the web3 landscape believe that Matter Labs could create its own utility token for the ecosystem it has built, deciding to airdrop this asset to the community to make it immediately decentralized.
