Mantle Network partners with Succinct to become top ZK validity rollup, driving innovation and efficiency.

From Investing.com

December 19, 2024 06:00 AM:

Mantle Network partners with Succinct to become the highest-TVL ZK validity rollup in the industry. Since its mainnet launch in 2023, Mantle Network has grown to be a top L2 by TVL with $2.2 billion locked. The integration of ZK validity rollup technology aims to drive capital efficiency and secure high-value asset settlements.

The testnet launch in Q1 2025 will see Mantle Network transition to a ZK validity rollup model, reducing chain finality from seven days to one hour. This upgrade will enable fast institutional-grade asset settlements, benefiting traditional finance and the blockchain industry by addressing capital efficiency opportunities.

Succinct’s SP1 integration offers fast finality, EVM equivalence, cost efficiency, and multi-chain support. This advancement reaffirms Mantle Network’s commitment to Ethereum’s security ethos and paves the way for cross-rollup interoperability at scale through ZK proofs. The goal is to drive the future of ZK rollups and enhance user experience.

Mantle Network’s adoption of Succinct’s SP1 positions it as a leader in scalability and innovation within the Ethereum ecosystem. The transition to a ZK validity rollup model enhances the network’s commitment to decentralized security, paving the way for a more cohesive ecosystem with seamless asset and information flows. Developers, users, and partners can expect a faster, more secure Ethereum future.

Read more at Investing.com: Mantle Network Advances Technical Roadmap As The First ZK Validity Rollup with Succinct’s SP1 By Chainwire