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Matter Labs created zkSync, a trustless scaling solution for Ethereum powered by ZK-Rollup technology. If you've been transacting on Ethereum lately, then you already know how congested the network has become and how expensive the gas fees are. Layer-2 solutions like zkSync are crucial to fixing these issues.
Privacy may be the only thing DeFi fans and cypherpunks can agree on. In 2020, political censorship is motivating further adoption of cryptocurrencies which are anonymous - that means the senders’ and receivers’ identities are not linked on the blockchain. From the other side, the DeFi community is waking up to the need for confidential transactions, where the amount being sent is hidden. This will be essential for smart contract derivative instruments, peer-to-peer lending and the like.
