ConsenSys, a Web3.0 ecosystem developer, launched its zero-knowledge Ethereum Virtual Machine (zkEVM) network for private beta testing. According to a post published on Dec13, ConsenSys team has designed and operated the ConsenSys machine. Through this machine, developers can deploy and manage their decentralized applications using tools such as MetaMask, Infura and Truffle; they can use it in a manner they use EVM directly.  Moreover, to test smart contracts, dApps, decentralized applications, users can bridge assets between the Goerli testnet and zlEVM.

“Testnet participants can also bridge tokens, transfer tokens, and interact with deployed dApps listed on our upcoming ecosystem portal page. We intend to learn whether the developer experience of the zkEVM has the potential to accelerate innovation in Web3 and will be evaluating feedback from the community to inform our next step.”

To create a zkEVM, ConsenSys has been working to complete EVM computation in zero-knowledge proofs against creating zk-rollups on networks separate from the EVM. Without sending the entire data back, Zero-knowldeg technology validates transactions on a separate layer and sends computation back to Ethereum. After providing proof that the data onlayer two was computed accurately, also sharing succinct proof back to the blockchain. Roll-up solutions such as Optimism can improve scalability by 100x upwards as developers of Ethereum has predicted.

As per the company report, Out of the box integration with the existing Ethereum toolchain enables the experience, security, and decentralization of Ethereum but with ultra-low transaction fees. 

According to ConsenSys, user onboarding on the new ConsenSys zkEVM will start in January23. The post reads, “We expect to start slowly, onboarding users in batches to guarantee the stability and security of the system.”  Currently, no specific detail has been shared regarding how soon testers will be rewarded, or will there be a new issued token tied to zkEVM.