BitcoinGnosis, Zisk, and Ethereum Foundation Launch Framework to Fix...

Gnosis, Zisk, and Ethereum Foundation Launch Framework to Fix Layer 2 Fragmentation – News Bytes Bitcoin News

-


Gnosis, Zisk, and the Ethereum Foundation announced the launch of the Ethereum Economic Zone (EEZ) on March 29, 2026. This collaborative initiative introduces a Layer 2 ( L2) framework designed to transform Ethereum’s fragmented constellation of networks into a single, unified system. The project features founding contributions from Jordi Baylina, the creator of Circom, and involves prominent partners including Aave, Centrifuge, and the Swiss-based EEZ Alliance.

The framework is vital for restoring “synchronous composability,” allowing smart contracts on different rollups to interact within a single transaction with the same security guarantees as the Ethereum mainnet. By leveraging real-time zero-knowledge proving technology, the EEZ addresses the “hundred islands” problem where nearly $40 billion in value is currently siloed across more than 20 disconnected L2 networks. The system utilizes ETH as the default gas token and requires no additional bridging infrastructure or new trust assumptions.

“Ethereum doesn’t have a scaling problem; it has a fragmentation problem,” stated Friederike Ernst, co-founder of Gnosis, at the announcement. “Every new L2 is a silo that makes it harder to seamlessly extend and drive value back to the Ethereum mainnet, and the EEZ is designed to do the opposite.”

What is the primary goal of the Ethereum Economic Zone? The EEZ aims to unify fragmented liquidity and infrastructure across Ethereum’s various Layer 2 networks.

How does this new framework eliminate the need for bridges? It uses synchronous composability to allow instant cross-rollup contract calls within a single, atomic transaction.

Which organizations are leading this local infrastructure initiative? Gnosis and Zisk are spearheading the project with co-funding and technical support from the Ethereum Foundation.

What role does the ETH token play in this jurisdiction? ETH remains the primary gas token and settlement asset for all transactions within the EEZ.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

These AI chatbots are happy to help you run a crypto scam

We tested popular chatbots, including Grok, Meta, and DeepSeek, to find out which would generate materials for use...

Lithosphere’s MultX and LEP100 Introduce a New Standard for Blockchain Evolution

Seattle, Washington--(Newsfile Corp. - March 30, 2026) - Lithosphere has launched MultX and the LEP100 requirements framework, establishing a...

The IRS Wants Smarter Audits. Palantir Could Help Decide Who Gets Flagged

The Internal Revenue Service paid Palantir $1.8 million last year to improve a custom tool designed to help...

Advertisement

Bitcoin Volatility Spikes as Trump Brags for Hitting Big Targets in Iran

The POTUS also reportedly said he wants to take the oil in Iran and seize Kharg Island. After an...

Tangem wallet brute force vulnerability revealed by rival Ledger

The security flaw allows hackers to brute force the PIN code of Tangem cold wallet cards by cutting...

Must read

You might also likeRELATED
Recommended to you