ZK Thunder Network Testnet Officially Launched, Opening New Frontiers in Scalable and Secure Decentralized Finance (DeFi)

This cutting-edge Layer 3 (L3) scaling solution, powered by zero-knowledge (ZK) rollup technology, delivers unprecedented transaction speeds, Ethereum Virtual Machine (EVM) compatibility

Layer 3 scaling solutions are becoming increasingly popular as blockchain developers seek to address scalability and transaction speed limitations.

In this vein, Mintlayer has officially launched the ZK Thunder Network Testnet. This scaling solution is powered by zero-knowledge (ZK) rollup technology and offers one-second transaction speeds, Ethereum Virtual Machine (EVM) compatibility, and dramatically reduced network fees within the Mintlayer ecosystem.

Transactions are batched together into succinct zero-knowledge proofs, which are then used to aggregate multiple transactions. This minimizes network congestion, enabling lower costs, faster finality, and enhanced user privacy.

“We connect the money of the future, Bitcoin, with real-world wealth to make markets more fair, transparent and accessible to all,” said Mintlayer’s development team.

“This is what drives us to build ZK Thunder—a Layer 3 scaling solution that combines the security of Bitcoin with the programmability of Ethereum Virtual Machine (EVM) smart contracts.”

The introduction of EVM-compatible smart contracts within Mintlayer’s ecosystem is expected to attract a diverse range of blockchain developers and innovators, facilitating the seamless integration of existing Ethereum-based projects.

Furthermore, Mintlayer is partnering with CertiK to launch a bug bounty program. This initiative invites cybersecurity professionals, developers, and white-hat hackers to test the network and identify vulnerabilities.

In other news, the Ecosystem Grant Programme continues to empower innovators by supporting projects that aim to enhance Bitcoin-based DeFi solutions.

The ZK Thunder Network Testnet is now open for developers to deploy contracts, test functionalities, and experiment with the next generation of decentralised applications.