PR Newswire
17 Feb 2023, 23:34 GMT+10
WEMIX Kanvas will make onboarding dApps easier and faster
SINGAPORE, Feb. 17, 2023 /PRNewswire/ -- Leading blockchain-based ecosystem developer WEMIX today unveiled WEMIX Kanvas, its next-gen Ethereum Layer 2 based on EVM-Equivalent ZK Rollup - and a key component of the mega blockchain ecosystem which WEMIX is committed to building.
"As a global leader with great success in blockchain gaming, WEMIX had launched our own mainnet to create a bigger ecosystem, not just in the blockchain gaming sector," said Shane Kim, CEO of WEMIX PTE., LTD. "WEMIX Kanvas will expand WEMIX to Ethereum which has the world's largest blockchain ecosystem, and help contribute to solving Ethereum's scaling issue."
Starting from Q1 2023, WEMIX Kanvas will deploy using a two-phase process beginning with an Optimistic Rollup with ZK Fault Proof before evolving to the EVM-Equivalent ZK Rollup. The Testnet of WEMIX Kanvas will first launch using Optimistic Rollup, one of the two major methods with proven utility before further improvement by incorporating zkEVM Fault Proof in the Optimistic Rollup phase. This lays the groundwork to bypass the limitations and technical difficulties inherent in universal purpose ZK Rollups in their current state, for a seamless completion of phase one.
Following this, WEMIX Kanvas will fully transition to EVM-equivalent ZK Rollup to pursue the twin goals of EVM compatibility & fast finality. WEMIX Kanvas will be EVM-equivalent in phase two, enabling near effortless onboarding and migration of other dApps. The speed of withdrawals will also become much faster compared with an Optimistic Rollup, from as long as 7 days to just 60 minutes.
WEMIX Kanvas will offer:
Lower Transaction Fees
Therefore, dApps which previously had difficulty using the Ethereum blockchain due to high gas fees can participate in the Ethereum ecosystem utilizing WEMIX Kanvas
Faster Withdrawals from Ethereum
Seamless Onboarding for Developers
Interconnectedness with the WEMIX mega-ecosystem
WEMIX Kanvas is designed to enhance the interconnectivity of L2 with the broader WEMIX ecosystem in the following ways:
WEMIX plans to deploy the project starting with the launch of the testnet for its Optimistic Rollup with ZK Fault Proof in Q2 2023.
Note to editors:
Press Contacts
About WEMIX
WEMIX is a blockchain gaming platform developed by WEMIX Pte. Ltd, providing services that include a cryptocurrency wallet, decentralised exchange, NFT marketplace, WEMIX token staking programme and the game gateway. WEMIX Pte. Ltd. is a subsidiary of Wemade, the developer and owner of "The Legend of Mir" IP, a highly successful game with over 500 million users. For more information, visit www.WEMIXnetwork.com
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