ZKSync is launching a proposal aimed at integrating Lens Chain within its Elastic Network, allowing community members to cast their votes until March 10.

Layer 2 protocol ZKSync A community vote is now in progress to integrate the Ethereum Layer 2 solution into the Elastic Network. Lens Chain This vote is currently active and will conclude on March 10.

Lens Chain is an advanced blockchain that leverages both ZKSync and Avail technology. Its development was a collaborative effort between the teams from Lens Labs and Matter Labs. This chain is designed to help transition user profiles, followers, and published content from Lens V2 on Polygon to the new Lens Chain.

According to the proposal, the deployment of Lens Chain and its initial state changes need to be approved through the governance framework. ZKSync This governance mechanism is intended to guarantee transparency and involve the community during the migration process. By combining governance with ongoing data synchronization, the launch of the Lens Chain is carefully orchestrated to prioritize user trust and active engagement.

This initiative represents a landmark moment as it's the first time a substantial genesis state is being utilized within the Elastic Network framework.

Lens V2 has built a robust community with more than 600,000 profiles and unique identifiers. The protocol exhibits vibrant community participation, boasting 45,000 active users each week who collectively produce approximately 31 million publications. On launching Lens Chain, all existing user data will be migrated seamlessly, allowing users to access the chain immediately without needing to manually move their profiles, connections, or content.

This streamlined migration process, a result of collaboration with Matter Labs, stands as a significant technical achievement. It's the first occurrence where a blockchain ecosystem will successfully implement such an extensive and automated migration right from the genesis phase, making use of both blockchain capabilities and zero-knowledge (ZK) technology.

What is the approach for the contract migration?

To maintain the security of the migration process, it will unfold in several phases.

The initial phase, which prepares for the vote, involves transferring network governance to the ProtocolUpgradeHandler under the ZIP5 upgrade. Specifically, control will be delegated to a contract that will require an interim holder since many are managed through Ownable2Step. Ownership will temporarily rest with the Token Assembly during the voting. The newly deployed chain will be set up without bridging and will start with zero balances across all tokens, ensuring there is nothing that needs to be migrated.

During the voting period, the chain will function in a distinct ecosystem. Nevertheless, because governance was shifted in the initial stage, this interim ecosystem will adhere fully to the primary one, meaning all state changes will be validated using the same zero-knowledge circuits as the main ecosystem.

In the final phase, the inclusion of the network will be overseen by the ProtocolUpgradeHandler, involving multiple steps: it will first assume ownership of the old ecosystem and subsequently register it in the current ecosystem by executing the registerAlreadyDeployedHyperchain function within the state transition manager. The new chain will be registered with Bridgehub using the createNewChain method. To align the storage of the new chain with ZK chains previously registered via the standard method, the executeUpgrade function will be employed on the chain with the assistance of the Migrator contract to ensure accurate ecosystem contract addresses.

The upgrade is set to be implemented on the mainnet after the execution of ZIP-6 on Layer 1, making the v26 upgrade available for chains. However, it will be activated prior to the execution of the second phase of the upgrade, which means the v26 version will not be obligatory just yet.

The objective is to ensure a smooth transition to the new ecosystem, keeping users’ profiles, social connections, and content histories intact. This approach allows users to engage with both Lens Chain and Lens V3 without requiring any manual intervention, thereby preserving their established social identities. Lens Chain Please keep in mind that the information contained on this page does not constitute and should not be understood as legal, tax, investment, financial, or any other kind of advice. It is crucial to only invest what you can afford to lose and to seek independent financial counsel if you have any uncertainties. For additional details, we recommend reviewing the terms and conditions along with help and support resources provided by the issuer or advertiser. MetaversePost is dedicated to delivering accurate and impartial reporting, but market circumstances can change unexpectedly.