How to Bridge Assets from Ethereum mainnet to zkSync Era?
The Ethereum mainnet is a widely used blockchain network for a variety of decentralized applications. The mainnet, on the other hand, has been engulfed by problems such as high gas fees and slow transaction times. To address these issues, the zkSync Era network was developed as a layer 2 solution that provides faster and less expensive transactions. This article will go over how to bridge assets from the Ethereum mainnet to the zkSync Era network.
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What is zkSync Era?
ZkSync Era is an Ethereum Layer-2 scaling solution that employs zero-knowledge (ZK) proofs to achieve high throughput and low fees. It is a general-purpose zk-rollup platform with virtually full EVM compatibility implemented in its zk-friendly proprietary virtual machine. It employs standard Web3 API and retains important EVM capabilities like as smart contract composability while offering novel notions such as native account abstraction.
Because it is the first public release of an EVM-compatible rollup protected by zero-knowledge proofs, ZKSync Era is a huge step when it comes to Ethereum scalability. Although ZKSync Era is still in its formative stages, it has the potential to become a major player in the Ethereum scaling ecosystem.
What is the difference between zkSync and zkSync Era?
Both zkSync and zkSync Era are Layer 2 protocols that leverage zero-knowledge rollups to deliver scalable and low-cost Ethereum transactions. There are, however, some distinctions between the two:
- Matter Labs’ zkSync Era is a user-centric zk rollup platform, whereas zkSync is a ZK rollup protocol.
- While zkSync has been around since 2020, zkSync Era is already active on the Ethereum mainnet.
- zkSync Era is the first zkEVM-compatible protocol to hit mainnet, which means it supports smart contracts written in Solidity, Ethereum’s most popular programming language. zkSync also supports smart contracts, however, it is not intended particularly for the EVM.
- zkSync Era is designed to resemble Ethereum but with reduced costs. zkSync is similarly intended to minimize Ethereum’s congestion and scale its essential ideals to unlock the full potential of blockchain technology, but it is not intended to look and feel like Ethereum.
- zkSync Era is a layer 2 protocol that uses zero-knowledge cryptography to scale Ethereum’s security and values. zkSync is a layer 2 solution for exchanging Ether and ERC20 tokens that bills itself as an Ethereum scaling and privacy engine.
Benefits of zkSync Era
Before we get into the process of bridging assets, let’s go over the advantages of using the zkSync Era network. The zkSync Era network is a layer 2 solution that uses zero-knowledge proofs to make transactions faster and cheaper.
Transactions on the zkSync Era network frequently cost less than a penny in gas fees, making it an appealing option for users looking to save money on transactions. Furthermore, the zkSync Era network is more scalable than the Ethereum mainnet, supporting thousands of transactions per second.
Bridge Assets from Ethereum mainnet to zkSync Era: Choosing a Bridge
A cross-chain bridge is required to connect assets from the Ethereum mainnet to the zkSync Era network. There are several bridges available. For example, Orbiter Finance is a decentralized exchange (DEX) that allows users to transfer ETH, USDC, USDT, and DAI to the zkSync network from Ethereum and other networks. Their platform provides quick and inexpensive cross-chain swaps and is one of the few DEXs that supports stablecoin transfers.
How to Bridge Assets from Ethereum mainnet to zkSync Era
Bridge Assets from Ethereum mainnet to zkSync Era: Image Source: Orbiter Finance
Follow these steps to bridge assets from the Ethereum mainnet to the zkSync Era network using Orbiter Finance:
- Connect your MetaMask wallet to the Orbiter Finance website.
- Select the network to which you wish to send tokens (Ethereum, Polygon, Arbitrum, Loopring, Optimism, and ten more).
- Choose the token to bridge from your network to zkSync and enter the amount.
- Examine and approve the transaction.
Other Options
While Orbiter Finance is the most well-known zkSync cross-chain bridge, there are other options. The zkSync Era Bridge, for example, is an official bridge that enables users to transfer funds between the Ethereum mainnet and the zkSync Era network. Other DEXs, such as Synapse and Stargate, also provide traditional bridges.
Conclusion
Bridging assets from the Ethereum mainnet to the zkSync Era network is a straightforward process that can be accomplished with the help of a secure cross-chain DEX such as Orbiter Finance or any other. The zkSync Era network is faster and cheaper than the Ethereum mainnet, making it an appealing option for users looking to save money on transactions. You can easily bridge your assets to the zkSync Era network and reap its benefits by following the steps outlined in this how to bridge assets from Ethereum mainnet to zkSync Era article.
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