Klaytn Foundation and Matter Labs Collaborate to Advance Layer 2 Technology Integration

blockchain.news:

Klaytn Foundation, the organization behind South Korea's prominent Layer 1 blockchain Klaytn (symbol: KLAY) , has entered into a memorandum of understanding (MOU) with Matter Labs, the team responsible for developing Ethereum Layer 2 scaling solution zkSync Era. This collaboration aims to advance the integration of zkSync Era's Hyperchain implementations on Klaytn, marking a significant technological endeavor to incorporate a Hyperchain Layer powered by ZK-Rollups on a blockchain outside of Ethereum. The partnership will focus on the following areas of exploration:

By establishing this partnership, Klaytn Foundation and Matter Labs are paving the way for technical cooperation. The collaboration is poised to accelerate the growth of the Klaytn ecosystem infrastructure, as both entities work together to develop Layer 2 and Layer 3 implementations.

Matter Labs has been at the forefront of Zero-Knowledge Proof rollup technology, having deployed zkSync version 1 in 2021. Recently, the company introduced zkSync Era, the second version of their platform that supports EVM compatibility. It is noteworthy as the first zkEVM to launch on the mainnet and is accessible to the public. On June 26th, Matter Labs announced the release of the ZK Stack, a modular and open-source framework enabling the construction of custom ZK-powered L2s and L3s, also known as Hyperchains. These advancements contribute to the scalable throughput, trustless security, and resilience offered by zkSync Era, characteristics that both Klaytn Foundation and Matter Labs deem essential for Layer 2 and 3 protocols.

Dr. Sam Seo, the Representative Director of Klaytn Foundation, acknowledged the scalability challenges that lie ahead with the mass adoption of