Fri 20 Jan 2023 ▪ 9:00 am ▪
3
min read – from
A sincere cooperation between Ethereum zkSync and the cryptocurrency company Espresso Systems has just seen the light. The inclusion of a new “Configurable Asset Privacy” technology helps Ethereum zkSync improve its network. Traffic on its private transaction network becomes the very topic of the day’s news. The main objective of this collaboration is to preserve customers and institutions who wish to keep their data private.
Ethereum zkSync offers a denser and more diverse network
For all users of the zkSync Ethereum network, it is now easier and more possible to conduct private transactions. This is an additional option available to network users. No more traveling to other networks to transact. The public blockchain offers much better security than previous versions. A few months ago, zkSync was unable to provide its users with services that provide data privacy and security. With the arrival of CAPE, institutions and companies can sleep peacefully. The data will no longer be visible on public blockchains.
This action was only possible for zkSync thanks to the efforts of Espresso Systems. About six months have passed since the Espresso company developed and implemented this product, which today arouses everyone’s interest. In fact, most of the companies in the world have expressed their distrust of adopting private blockchains into their practices. This follows the neutrality and scalability that characterize these blockchains. With the CAPE or Configurable Asset Privacy product, Espresso Systems guarantees better data confidentiality and scalability.
It should not be forgotten that zkSync is a new product of Ethereum to scale. It does not include an efficient scaling procedure. At present, the effectiveness of this collaboration remains pending and will soon be approved on the zkSync testnet. Cybersecurity with Ethereum zkSync will experience a major boost in the coming days. In addition to this product, Espresso is also rolling out other products whose impact may be evident on Ethereum Layer 2.
Conclusion
Ultimately, zkSync users will now be able to conduct private transactions without fear. Thanks to the CAPE technology offered by Espresso Systems, institutions and companies no longer have to worry. Many more services will be rolled out this year. Examples include tokenization, trade finance, identity, and even payments.
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PhD student in financial law and expert SEO web editor, Cédrick Aimé is passionate about cryptocurrencies, trading, etc. He naturally participates thanks to his articles in the daily blockchain revolution for a better democratization of DeFi.