Gnosis and ZKSync announce the launch of the "Ethereum Ecosystem Rollup" framework, jointly funded by the Ethereum Foundation

BlockBeats News, March 29th, according to The Block, Gnosis co-founder Friederike Ernst and ZkSync founder Jordi Baylina jointly announced the "Ethereum Economic Zone" (EEZ) plan at the Cannes EthCC conference on Sunday, a project co-funded by the Ethereum Foundation.

The EEZ aims to provide a framework for Rollups to enable smart contracts on connected Rollups to interact with the Ethereum mainnet and other EEZ Rollups in a synchronized and composable manner, with security guarantees mirroring those of contracts deployed directly on Ethereum. The framework defaults to using ETH as the Gas token, without the need for additional cross-chain bridge infrastructure. Ernst stated: "Ethereum doesn't have a scalability issue, it has a fragmentation issue. Every new L2 that comes online has its own liquidity pool and bridge, it's another isolated walled garden."

EEZ founding alliance members include DeFi lending protocol Aave, blockchain builders Titan and Beaver Build, RWA platform Centrifuge, and tokenized stocks project xStocks. The project will operate in the form of a Swiss non-profit organization, all software will be released in an open-source manner, aiming to minimize governance and ultimately achieve immutability. Technical specifications and performance benchmarks are expected to be released in the coming weeks.