=nil; Foundation Advances To Mainnet With Launch Of Its Testnet V1
In Brief
=nil; Foundation launches Testnet v1, introducing protocol upgrades, enhancements to developer experience, and practical examples of how to utilize the network.
Organization behind an Ethereum Layer 2 solution =nil;, =nil; Foundation announced the launch of Testnet v1 after a successful Devnet activation in July.
“Fragmentation in Ethereum’s Layer 2 ecosystem is holding back the network’s potential. With =nil;, we’re cutting through that complexity,” said =nil; Foundation CEO Avi Zurlo in a written statement. “Ethereum’s future is clear, and =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,” he added.
This release introduces several upgrades to the protocol, improvements to the developer experience, and practical examples demonstrating how to utilize the network, including porting and integrating Uniswap V2 code to illustrate how decentralized exchanges (DEXs) can function in sharded environments.
=nil; network is powered by zkSharding, an architecture inspired by Ethereum’s original vision for sharding and enhanced by zero-knowledge technology. Through zkSharding, =nil; allows application developers to leverage the scalability of appchains while maintaining the composability of a monolithic blockchain. The team behind =nil; has nearly a decade of experience in the cryptocurrency ecosystem, focusing on zero-knowledge technology, and has developed native tools such as Proof Market, zkLLVM, and Placeholder.
“Since the early days of =nil; Foundation, our goal has been to overcome the trade-off between scalability and composability on Ethereum,” said Konstantin Lomashuk, Co-Founder of =nil; Foundation, in a written statement. “After years of research and development, zkSharding is the solution we envisioned. =nil; is the result of that work, empowering developers to build applications that scale without losing the seamless interaction Ethereum was meant to deliver,” he added.
=nil; Foundation Appoints Avi Zurlo As New CEO
The testnet launch comes on the heels of the announcement that Avi Zurlo has been appointed as the new chief executive officer of =nil; Foundation. Prior to this role, he served as the Foundation’s Chief Product Officer for nearly a year and previously led investments at Delphi Digital for over 25 early-stage cryptocurrency projects.
The =nil; Foundation is currently supported by prominent investors, including Polychain Capital, Blockchain Capital, IOSG Ventures, and others.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
