Ethereum

&#61;nil; Foundation is launching a general-purpose Ethereum L2 powered by zkSharding that blends the scalability of appchains with the composability of a monolithic chain<a href="https://nil.foundation/" rel="noopener noreferrer nofollow">&#61;nil; Foundation</a>, the tenured team behind &#61;nil;, an Ethereum L2 powered by zkSharding, today announces the launch of Testnet v1. Following the successful <a href="https://nil.foundation/blog/post/public_roadmap" rel="noopener noreferrer nofollow">Devnet launch</a> in July, Testnet v1 is a key milestone on the &#61;nil; product roadmap. This release includes several protocol upgrades, DevEx improvements, and concrete examples of using the network, including porting and integrating Uniswap V2 code to show how DEXs can work in sharded environments. Developers can learn about all the upgrades <a href="https://nil.foundation/blog/post/testnet_is_now_live" rel="noopener noreferrer nofollow">here</a> and get involved by joining Testnet v1 <a href="https://nil-crypto.link/pr" rel="noopener noreferrer nofollow">here</a>.&#61;nil; is a general-purpose Ethereum L2 powered by zkSharding, an architecture inspired by Ethereum’s original vision for sharding, revitalized by zero-knowledge technology. Through zkSharding, &#61;nil; enables application developers to access the scale of appchains with the composability of a monolithic chain. The team behind &#61;nil; has been in the crypto ecosystem for almost a decade researching zero knowledge technology and are behind native tools such as <a href="https://nil.foundation/blog/post/proof-market" rel="noopener noreferrer nofollow">Proof Market</a>, <a href="https://nil.foundation/blog/post/circuit-compiler" rel="noopener noreferrer nofollow">zkLLVM</a>, and <a href="https://nil.foundation/blog/post/placeholder-proofsystem" rel="noopener noreferrer nofollow">Placeholder</a>.This news follows the <a href="https://x.com/nil_foundation/status/1850979034366427500" rel="noopener noreferrer nofollow">recent announcement</a> of <a href="https://x.com/avizurlo" rel="noopener noreferrer nofollow">Avi Zurlo</a> stepping up as the new &#61;nil; Foundation CEO. Avi previously served as the Foundation’s CPO for nearly a year before becoming CEO and formerly led investments at Delphi Digital for 25&#43; early-stage crypto projects. &#61;nil; Foundation is currently backed by key investors including Polychain Capital, Blockchain Capital, IOSG Ventures, and others.<blockquote>“Fragmentation in Ethereum’s L2 ecosystem is holding back the network’s potential. With &#61;nil;, we’re cutting through that complexity,” said &#61;nil; Foundation CEO Avi Zurlo. “Ethereum’s future is clear, and &#61;nil; is committed to ensuring it thrives through zkSharding. By enabling both scalability and composability, zkSharding is a viable path forward for future generations seeking more equitable technology.”</blockquote>Testnet v2 and Testnet v3 are planned to launch in Q2 and Q3 next year.<blockquote>“Since the early days of &#61;nil; Foundation, our goal has been to overcome the trade-off between scalability and composability on Ethereum,” said <a href="https://twitter.com/Lomashuk" rel="noopener noreferrer nofollow">Konstantin Lomashuk</a>, Co-Founder of &#61;nil; Foundation. “After years of research and development, zkSharding is the solution we envisioned. &#61;nil; is the result of that work, empowering developers to build applications that scale without losing the seamless interaction Ethereum was meant to deliver.”</blockquote>Users can <a href="https://nil-crypto.link/pr" rel="noopener noreferrer nofollow">join the Testnet v1</a> and <a href="https://twitter.com/nil_foundation" rel="noopener noreferrer nofollow">follow &#61;nil; Foundation on X</a> or on <a href="https://t.me/nilfoundation" rel="noopener noreferrer nofollow">Telegram</a> to get the latest news, leading ZK research, and chances to join the team in building the future of scalable, trustless systems.About &#61;nil; FoundationFounded in 2018, &#61;nil; Foundation is the tenured team behind &#61;nil;, a general-purpose Ethereum L2. &#61;nil; is powered by zkSharding, an architecture inspired by Ethereum’s original vision for sharding, revitalized by zero knowledge technology. &#61;nil; enables application developers to access the scale of appchains with the composability of a monolithic chain.Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

=nil; Foundation Marches Towards Mainnet with Launch of Testnet v1

Optimisus

Other articles published on Oct 30, 2024

DEX dYdX Cuts 35% of Core Staff, Focuses on Future Goals

Bandai Namco announces Death Note game in Among Us style

The MBridge Blockchain Falls Through

Bitcoin technical indicator predicts BTC cycle peak in $174K–$462K range

Shiba Inu Coin: Can the Meme Deliver Serious Returns Or Is Rollblock and KuCoin Utility Key?

Consensys Cuts Workforce by 20%, Joe Lubin Blames SEC’s ‘Abuse of Power’

Join our free newsletter for daily crypto updates!