Oh, the drama! ZKsync, that paragon of blockchain brilliance, has announced the retirement of its venerable Lite network in 2026, a move as graceful as a penguin in a tuxedo. With withdrawals still permitted (for now), users are being gently nudged towards the more sophisticated Era and Elastic networks, following a whirlwind of pilots, exploits, and a Vitalik-backed upgrade that left everyone breathless. 🤯
- ZKsync’s Lite network, once a humble zk-rollup testbed, will be retired in 2026. Fear not-Ethereum mainnet withdrawals will remain open, and a migration schedule will be published next year. A veritable feast of details, no doubt. 🍽️
- Launched in 2020, Lite has been eclipsed by ZKsync Era and Elastic, which boast cross-chain magic without the need for those clunky bridges. A triumph of innovation, if ever there was one. 🧙♂️
- 2025 brought two security incidents that would make a thriller blush, plus a Vitalik endorsement that sent ZK token prices soaring. Meanwhile, Tradable, Deutsche Bank, and UBS dabbled in asset-tokenization pilots, proving that even banks can be adventurous. 🏦💸
Mark your calendars, dear readers, for 2026, when ZKsync will bid adieu to its original Lite network, shifting its focus to newer, shinier networks built on its tech stack. A tale of progress, or perhaps a masquerade ball where the guests have all changed their masks. 🎭
ZKsync Lite Changes
The development team assures us that user funds will remain secure during this grand exit, though one might question the wisdom of entrusting such matters to mortals. A migration schedule will be unveiled next year, complete with detailed steps for users-though whether they’ll be decipherable remains to be seen. 🧩
ZKsync Lite debuted in December 2020 as a test implementation of zero-knowledge rollups on Ethereum. It reduced transaction fees by batching transactions and submitting cryptographic proofs to the main chain. A marvel of efficiency, if you can ignore the occasional hiccup. 🧠
It was succeeded by ZKsync Era in 2023 and Elastic Network in 2024, which allow separate blockchain networks to share transaction activity without standard bridges. A feat of engineering so profound, it’s almost enough to make one weep. 🥺
Ethereum co-founder Vitalik Buterin lent his endorsement in late 2025 after a network upgrade. This public support, it seems, stirred institutional interest and caused ZK token prices to dance like a caffeinated squirrel. 🐿️
Financial services firm Tradable used the network for private credit tokenization, while Deutsche Bank and UBS conducted pilot programs under regulatory supervision. A testament to the network’s growing influence, though one wonders if the regulators were aware of the chaos. 🧑💼
Two security breaches in 2025: first, an attacker minted unclaimed tokens during a distribution event. Then, unauthorized individuals hacked official social media accounts, publishing false statements about government investigations. A tale of intrigue, betrayal, and links designed to steal user funds. 🕵️♂️💸
The company claims current withdrawal functions to Ethereum mainnet will continue operating throughout the deprecation process. Users are advised to await official migration instructions-though one suspects they’ll be as clear as mud. 🧹
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2025-12-10 16:02