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

As a seasoned crypto investor with over a decade of experience in this dynamic and ever-evolving space, I find myself genuinely intrigued by the latest developments from =nil; Foundation. Having closely followed the team behind =nil;, an Ethereum L2 powered by zkSharding, I am particularly excited about their recent Testnet v1 launch.


New York, United States / New York, October 30th, 2024, Chainwire

=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

Today, the seasoned squad behind the Ethereum L2 platform powered by zkSharding, known simply as =nil;, officially unveils the debut of Testnet v1. Building on the successful Devnet launch in July, Testnet v1 marks a significant step forward in the =nil; development journey. This latest version incorporates numerous protocol enhancements, developer experience improvements, and tangible demonstrations of network applications, such as transferring and integrating Uniswap V2 code to illustrate how decentralized exchanges (DEXs) can operate within sharded ecosystems. Interested developers are encouraged to familiarize themselves with the upgrades by visiting this link and participating in Testnet v1 through the provided portal.

As an analyst, I can express this in a more conversational style:

As an analyst, I’m sharing some recent developments: I’ve just learned that Avi Zurlo has assumed the role of CEO at our foundation, following his previous tenure as Chief Product Officer (CPO) for approximately a year. Prior to this, Avi was instrumental in managing investments for over 25 early-stage cryptocurrency projects at Delphi Digital. It’s worth noting that our foundation currently enjoys the backing of prominent investors such as Polychain Capital, Blockchain Capital, IOSG Ventures, and more.

The fragmentation within Ethereum’s L2 (Layer 2) system is hindering its full potential, but with =nil;, we are simplifying the intricacies,” said Avi Zurlo, CEO of the =nil; Foundation. “Ethereum’s future is evident, and =nil; is dedicated to fostering its growth through zkSharding. This technology not only offers scalability but also compatibility, making it a promising direction for future generations aiming for more equitable technology advancements.

Testnet v2 and Testnet v3 are planned to launch in Q2 and Q3 next year.  

From the inception of the =nil; Foundation, our aim has always been to tackle the challenge of balancing scalability with compatibility on Ethereum. As a consequence of extensive research and development over the years, we believe zkSharding is the answer we’ve been seeking. The creation of =nil; represents the fruits of that labor, giving developers the ability to construct applications capable of scaling while still retaining the effortless interaction that Ethereum was designed for.

Participants are invited to participate in Version 1 of the Testnet and connect with the Nil Foundation either on their platform or Telegram for up-to-date information, groundbreaking Zero-Knowledge research, and opportunities to collaborate in shaping the future of robust, decentralized systems.

About =nil; Foundation

Established in 2018, the Foundation serves as the experienced crew behind an all-purpose Ethereum Layer 2 solution, often referred to simply as =nil;. This innovative platform is fueled by zkSharding, a design concept inspired by Ethereum’s initial vision for sharding, enhanced through zero knowledge technology. In essence, =nil; allows developers to tap into the expansive potential of appchains while maintaining the seamless integration offered by a single, unified chain.

Contact

PR Consultant
Margaret Hyde
=nil; Foundation
Margaret@mhconsulting.io

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2024-10-30 17:08