ZkSync will cooperate with buidl box to hold the first zkSyncEra Sync series hacker song from February 20 to March 19

It is reported that zkSync, an Ethereum two-layer network based on ZKRollup, announced that it would cooperate with the buidl box to open the first of the zkSyncEra 3G series of hacker song. This hacker song was held from February 20 to March 19, focusing on account abstraction and Web3 security, with a prize pool of 25000 dollars.

Interpretation of this information:

ZkSync, a two-layer network of Ethereum based on ZKRollup, has recently established a partnership with the buidl box to launch a series of events titled the zkSyncEra 3G series of hacker songs. The first event in this series is scheduled from February 20 to March 19, with a prize pool of $25,000, and it will center on topics such as account abstraction and Web3 security.

ZkSync is a scaling solution for Ethereum that utilizes ZKRollups to achieve high throughput and low transaction fees. It accomplishes this by batching transactions into a single proof that can be verified off-chain, reducing the number of on-chain transactions required. ZkSync has already been deployed on the mainnet, and it has seen some adoption by Ethereum users looking for faster and cheaper transactions.

The zkSyncEra 3G series of hacker songs is an initiative aimed at promoting the use of the zkSync network and highlighting the potential of ZKRollups for scaling Ethereum. The event will involve a competition where participants will be tasked with solving challenges related to account abstraction and Web3 security within the context of zkSync. In addition to a cash prize, winners will also receive recognition and exposure within the Ethereum community.

Account abstraction refers to the ability to execute transactions without knowing or specifying the account balance, allowing for more efficient use of gas and improving privacy. Web3 security, on the other hand, refers to the security of the infrastructure supporting decentralized applications built using Web3 technologies. By focusing on these topics, the event hopes to encourage the development of solutions that can make decentralized applications more accessible and user-friendly.

In conclusion, zkSync is working with buidl box to launch the zkSyncEra 3G series of hacker songs. The first event in the series will take place from February 20 to March 19, focusing on account abstraction and Web3 security. The competition aims to draw attention to the potential of zkSync and ZKRollups for scaling Ethereum while encouraging the development of innovative solutions.