According to The Block, Nil Foundation, a zero-knowledge (ZK) technology development company, is planning to launch a ZK-Rollup layer 2 network on Ethereum that utilizes sharding technology. This layer 2 solution, called zkEVM, will enable the execution of existing decentralized applications (dApps) on Ethereum.
Nil Foundation states that the goal of this ZK-Rollup is to provide an alternative method for scalability by integrating multiple shards into a unified layer 2 execution environment. This approach combines modularity and monolithic architecture to support data-intensive dApps.
The network is still in its early development stage, and Nil is currently working on a public testnet that is expected to launch within the next 3 to 6 months. Misha Komarov, co-founder and CEO of Nil Foundation, stated:
“The goal of sharding
Sharding has always been an integral part of Ethereum’s roadmap strategy for achieving parallel transaction processing and verification, with the aim of reducing costs and increasing transaction speeds.”
According to Nil Foundation, the deployment of zkSharding incorporates various architectural principles. This architecture consists of a main shard and multiple sub-shards. The zero-knowledge proof verification of transactions in the main shard is a part of the layer 2 design, while the sub-shards are used to increase transaction capacity.
Source:
Nil Foundation
Nil is well-known for its dedication to building a market for zero-knowledge proof transactions. The launch of their own ZK-Rollup indicates that the team has entered a competitive field, with similar projects including Polygon zkEVM, zkSync, and Scroll. In January 2023, Nil Foundation raised $22 million in a funding round led by Polychain Capital.
