Oh. So, it turns out even cutting-edge blockchain technology has a sell-by date. Apparently, ZKsync Lite – you know, the FIRST ever zero-knowledge rollup on Ethereum? š – is being⦠retired. Yes, like a slightly embarrassing family member being gently steered away from the wedding. They say itās āfulfilled its purpose.ā Which is such a polite way of saying āitās a bit last season, darling.ā
ZKsync announced it on X (formerly Twitter, obviously, because where else would they announce a blockchain retirement?), declaring a āplanned, orderly sunset.ā An orderly sunset! As if a blockchain can experience existential dread while fading into the digital horizon. They assure us it wonāt affect other ZKsync things, which isā¦reassuring, I suppose. Like saying firing one chef won’t affect the entire restaurant. š¤·š»āāļø
Apparently, it was a āgroundbreaking proof-of-concept.ā A proof-of-concept! So basically, a really expensive test drive. It āproved whatās possible,ā which is lovely, but also feels a bit like admitting it didn’t quite become possible in a scalable, ongoing way. š„²
āIt did its job: prove whatās possible and pave the way for the next generation.ā
Launched way back in 2020 (thatās like, five blockchain years ago!), ZKsync Lite was all about fast transfers and minting NFTs. But, crucially, it couldnāt handle smart contracts. Which is a bit like a car with a fabulous paint job but no engine. It looked the part, but⦠limitations, you know?
It was the first to use āvalidity proofsā which, honestly, sounds terrifyingly complicated. Something about instantly proving transactions were legit before sending them to the Ethereum mainnet. Frankly, my brain hurts just thinking about it. They stopped developing it in 2023 when they realized ZKsync Era, which did support smart contracts, was, well, better. Shocking!
The good news (sort of)? You donāt need to do anything right now. Your funds are āsafeā (they say) and withdrawals will apparently still work. But Iād maybe not leave my life savings in there, just in case. You know, just a thought. š¤
They promise āconcrete detailsā soon about how to migrate away from ZKsync Lite. Iām picturing a mass exodus of digital assets, a sort of blockchain refugee crisis. Dramatic, I know. But this is blockchain, after all.
Currently, only about $50 million is ābridgedā to the network (which sounds like something out of a sci-fi movie). ZKsync Era, meanwhile, has $36.4 million locked up and a whole heap more user activity. Clearly, the new model’s more popular. It’s like nobody wanted the prototype when the finished product was available. š
And the saga continues! Apparently, theyāre even considering overhauling the ZKsync (ZK) governance token, making it all about āeconomic utility.ā Which, translated from blockchain-speak, means tying it to the fees. Honestly, sometimes it feels like these people are just making things up as they go along. š¤·āāļø
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2025-12-08 09:14