Vince Yang, co-founder at zkLink, offers an in-depth look at the innovative journey towards the first comprehensive multi-ZK-rollup Layer 3 trading solution.

During an exclusive interview with Metaverse Post, Vince Yang, co-founder at zkLink, outlined his company's innovative use of zero-knowledge proof technology to pioneer the industry’s first multi-ZK-rollup Layer 3 trading layer. zkLink The upcoming Layer 3 infrastructure aims to consolidate liquidity across various Ethereum ZK-rollup ecosystems, significantly enhance the scalability of current Layer 2 solutions, and crucially, reduce gas costs for traders in the DeFi sector. zero-knowledge proof The Inspiration Behind zkLink: A Journey Through Blockchain’s Evolution 

Since the emergence of blockchain technology up to the end of 2023, sectors like DeFi and Web3 have seen multiple transformations amid various market challenges. Despite these ups and downs, the search for a groundbreaking solution to address the blockchain trilemma and scalability issues has been ongoing, particularly through the use of zero-knowledge cryptographic proofs.

Vince Yang’s vision for a multi-ZK-rollup Layer 3 solution is deeply influenced by the challenges of blockchain scalability, security, and expanding DeFi user bases, which have fueled his pursuit.

Starting his career during the Bitcoin mining boom in 2019, Yang quickly became a devoted enthusiast of crypto technology. He embraced the DeFi movement, experimenting with liquidity mining, and recognized how successful platforms like Uniswap were integral to promoting both blockchain and crypto adoption. Ethereum This influx of innovative blockchain ecosystems saw the birth of numerous applications across various networks. However, the difficulty users faced in moving liquidity across these networks highlighted a significant gap: the need for robust and reliable cross-chain interoperability solutions.

Despite the hurdles, Yang and his dedicated team embarked on developing zero-knowledge bridging technology and distributed computing frameworks. They understood that zero-knowledge proofs held the potential to bridge these gaps in interoperability.

Reflecting on their discoveries regarding ZKP scaling solutions, Yang declared that the promising early results had shown great potential for interoperability across Layer 1 chains, igniting their belief this technology could lead the industry.

With no time to lose, their team set forth to create a minimum viable product.

Yang and his tech team delved into the origins of ZKPs, examining early implementations like Zcash and ZEN. However, Yang was not the only pioneer on this front.

Others were already hard at work, such as those developing StarkEx and the teams behind zkSync.

Recognizing the shift towards Ethereum scaling in the industry, Yang sought innovative ways to outpace competitors.

“We began brainstorming ways to implement scaling through ZKPs. Following promising research outcomes in 2021, we opted to create a unified Layer 2.5 interoperability protocol capable of linking multiple Layer 1s and Layer 2s, which ultimately evolved into our multi-rollup Layer 3 solution. That's how zkLink took form,” Yang shared. StarkWare How zkLink Aims to Transform DeFi Trading with Layer 3 Technology?

Central to zkLink’s cross-rollup, multi-chain solution is the advanced ZKP technology. ZKPs are already being utilized widely to shift computational tasks away from Layer 1 blockchains. They facilitate smooth transactions and efficient smart contract execution externally from the main chain, while still adhering to Ethereum’s rigorous security protocols. zk-rollups .

In DeFi, ZKPs not only reduce on-chain resource use but also significantly improve scalability, an ongoing challenge in the blockchain domain.

Yang suggests that this strategy, which lightens the load of on-chain computations and eases the burden on validators, is ideally suited for scaling from L2 to L3. Additionally, ZKPs offer unique benefits not found in other scaling solutions.

Crucially, ZKPs are capable of aggregating liquidity from various blockchains and zk-rollups, effectively addressing issues around liquidity fragmentation and enabling users to access cross-chain assets and trading experiences seamlessly through a single, intuitive interface.

“The market is increasingly demanding decentralized financial platforms and exchanges that offer security, reliability, and abundant liquidity. Implementing a unified execution layer on existing Ethereum Layer 2 solutions not only enhances user experience across different Ethereum Layer 2 networks but also provides a consolidated source of liquidity and assets through a secure Layer 3 environment.”

Yang emphasized, “This initiative would eliminate the necessity for multiple wallets and the complexities of asset management, making DeFi more accessible and dramatically reinventing the trading atmosphere.”

With the Layer 3 infrastructure upgrade approaching in mid-November, zkLink is primed to transcend the boundaries of DeFi, introducing enhanced features for developers to craft innovative financial applications and delivering boosted functionality for crypto trading enthusiasts.

Looking Ahead: Perfecting ZK-Rollups for a Layer 3 Future in DeFi

According to Yang on zkLink's roadmap, they plan to establish an ecosystem fund designed to nurture early-stage projects wishing to build on their platform. They’re also aiming to roll out derivative products, expand network coverage, and introduce additional features to facilitate real-world applications across innovative solutions.

Ultimately, the dawn of zkLink’s multi-ZK-rollup Layer 3 infrastructure is on the horizon, promising an unparalleled user experience for both existing and future DeFi traders, complete with the essential features they desire. Yang reiterated, “We’re not looking to reinvent the wheel or create just another Automated Market Maker (AMM) or Order Book but to deliver a groundbreaking multi-rollup Layer 3 execution solution powered by ZKP technology.”

In summary, what's next is the emergence of ZK-based DeFi 4.0, offering a practical and trustworthy Layer 3 that can onboard millions of DeFi users, surpassing the capabilities of current Layer 1 and Layer 2 technologies.

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Victor holds the position of Managing Tech Editor/Writer at Metaverse Post, focusing on topics such as artificial intelligence, cryptocurrency, data science, the metaverse, and cybersecurity in the business sphere. With five years of experience in media and AI at reputable outlets like VentureBeat and DataTechVibe, Victor also mentors at prestigious institutions like Oxford University and USC. Holding a Master’s degree in data science and analytics, he is deeply committed to staying ahead of emerging trends.

Victor shares with readers the most current and insightful stories from the Tech and Web3 sectors.