zkSync is a scaling and privacy engine for Ethereum.
Recursive ZK proofs were implemented, unlocking the full zkRollup capacity (up to 3,000 TPS).
Added support for automatic recurring payments (subscriptions).
Enabled transactions for batching and paying fees in a separate token.
Made burning and minting tokens possible inside zkSync.
On March 1st 2021, Matter Labs announced a 2M USD Series A financing round for strategic partners, to preserve the dominance of the community share in future zkSync network — in contrast to the anticipated distribution of other scaling solutions’ assets and governance.
