Story from

Matter Labs’ CPO Expects ZkSync To Drive Significant Increase In Ethereum Use Cases

During Chainlink’s 2022 SmartCon event, September 28-29 in New York City, Nasdaq TradeTalks’ Jill Malandrino hosted a two-day interview lineup with founders of influential protocols in the Chainlink ecosystem who were among the conference’s 100+ expert speakers

After her conversation with Stani Kulechov about the future of web3 social media and user-generated content, Malandrino talked to Steve Newcomb, Chief Product Officer at Matter Labs, the engineering team behind zkSync, a layer-2 scaling solution using zero-knowledge proofs.

Following a successful proof of concept, Newcomb said zkSync 2.0, which will integrate Chainlink Price Feeds, can facilitate a 10x increase in transaction speed alongside a 10x reduction in costs. As a result, he expects the number of use cases for Ethereum to “go through the roof,” similar to how high-speed internet drove an exponential increase in websites.

Over the next several years, he anticipates zkSync’s efficiency gains to reach new heights. “Think of 1,000x; 10,000x; maybe even 1,000,000x,” he said.

When asked about how many companies will be reporting on zkSync, Newcomb replied, “Just about everybody.” 

“I am extremely tired, because we are just going back-to-back with meetings with anything from small startups to the largest companies in the Fortune 500, so it’s been spectacular.”

He emphasized zkSync’s simplicity and EVM-compatibility as primary advantages.

“We’ve made it so easy that it takes minutes to port onto us. It actually just makes us super easy to go to from previously using Ethereum directly and paying high gas fees to pointing to us and then it just works. It’s great.”

Watch Jill Malandrino’s full interview with Steve Newcomb on Nasdaq TradeTalks.

Read more about

Have an idea for a story?

If you’re interested in submitting content to be considered for publication, please carefully review the Chainlink Today Content Submission Guidelines to help you get started. We’re excited to hear from you.

Related Stories