Abstract
Abstract is a Layer 2 network built on Ethereum, designed to securely power consumer-facing blockchain applications at scale with low fees and fast transaction speeds. Built on top of the ZK Stack, Abstract is a zero-knowledge (ZK) rollup that achieves scalability by executing transactions off-chain, batching them together, and verifying batches of transactions on Ethereum using ZK proofs. Abstract is EVM compatible, meaning most existing smart contracts built for Ethereum will work on Abstract with minimal changes.
Overview
Abstract is a Layer 2 network built on Ethereum, designed to securely power consumer-facing blockchain applications at scale with low fees and fast transaction speeds. Built on top of the ZK Stack, Abstract is a zero-knowledge (ZK) rollup that achieves scalability by executing transactions off-chain, batching them together, and verifying batches of transactions on Ethereum using ZK proofs. Abstract is EVM compatible, meaning most existing smart contracts built for Ethereum will work on Abstract with minimal changes.
- Sector
- # Other
- Ecosystem
- —
Team
Team information has not been disclosed.
Funding history
1 disclosed rounds- Unknown
11,000,000 USD
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