In a big transfer to increase and improve decentralized finance (DeFi) capabilities throughout the Bitcoin ecosystem, Mintlayer has introduced the launch of the ZK Thunder Community Testnet, a groundbreaking Layer 3 (L3) answer.
ZK Thunder makes use of superior zero-knowledge (ZK) rollup expertise to make sure lightning-fast transaction speeds with 1-second block instances, dramatically lowering the congestion and excessive charges usually related to conventional blockchain techniques. This revolutionary method permits builders to construct extra environment friendly and user-friendly DeFi purposes, enabling seamless integration and performance that align with Ethereum-based tasks.
“ZK Thunder is not only an improve; it’s a transformative leap for the Mintlayer ecosystem,” mentioned the undertaking lead at Mintlayer. “With EVM compatibility, we’re bridging the hole between Bitcoin’s strong security measures and the expansive potentialities of Ethereum’s sensible contract capabilities. This makes Mintlayer an much more enticing platform for builders trying to innovate throughout the DeFi house.”
Reflecting on the imaginative and prescient behind the innovation, the workforce at Mintlayer said, “We join the cash of the longer term, Bitcoin, with real-world wealth to make markets extra honest, clear, and accessible to all.” This assertion underscores Mintlayer’s dedication to making a extra inclusive monetary system by means of superior blockchain options.
The introduction of ZK Thunder is a part of Mintlayer’s broader technique to unlock the potential $3 trillion in Bitcoin liquidity for DeFi purposes. By batching transactions and compressing them right into a single proof, ZK Thunder not solely boosts effectivity but additionally maintains low transaction prices and enhanced privateness for customers.
To make sure the robustness and safety of its community, Mintlayer can also be launching a bug bounty program in collaboration with CertiK. This program invitations builders and safety consultants to scrupulously check the community and assist determine any potential vulnerabilities in the course of the Testnet section. Moreover, Mintlayer continues to assist rising tasks by means of its Ecosystem Grant Program, fostering innovation and improvement throughout the Bitcoin DeFi panorama.
Builders at the moment are invited to take part within the Testnet, the place they’ll deploy contracts, check the community’s capabilities, and discover the in depth potentialities provided by ZK Thunder. This marks a pivotal second for Mintlayer because it strikes nearer to its imaginative and prescient of constructing quick, environment friendly, and safe DeFi accessible on a worldwide scale.
“We join the cash of the longer term, Bitcoin, with real-world wealth to make markets extra honest, clear and accessible to all ~ Enrico Rubboli (Founder And CEO )”
For extra info on ZK Thunder and to take part within the Testnet, please go to: ZK Thunder Official Web site and ZK Thunder Testnet Explorer.