The =nil; The foundation has named a new CEO to lead Tier 2 initiatives to advance scaling technology Ethereum— at a time when there are such networks seeing a lot more use in the ETH ecosystem.

Avi Zurlo will serve as Foundation CEO behind =nil; (aka Nil), continuing his mission to harness the power of zkSharding technology to improve transaction speed and throughput, meaning the number of transactions processed per second, on Ethereum. His term began on Monday.

“If you believe that Bitcoin could replace or be a significant competitor to gold, or that stablecoins could continue to grow to reach multi-trillion dollar market caps, (then) the existing blockchain infrastructure will fail,” he said Zurlo. decrypts.

ZkSharding is a scaling technology that uses zero-knowledge (zk) technology to validate transactions on different layer 2 shards, or network shards, before sending those transactions to the Ethereum mainnet. The goal is to scale Ethereum in a horizontal manner by adding more nodes to the system rather than increasing its existing data processing capabilities.

Zurlo takes over the top office of the Tier 2 development foundation after about a year as director of product. Before joining to =nil; The foundation, spent several years leading investments in crypto-native firms such as Delphi Digital and Jungle Startup Studio.

he said decrypts that he sees this appointment as an opportunity to make zkProofs more accessible to developers on Ethereum. Currently, many scaling solutions focus on using rollup technology, which Zurlo said can make network transactions more expensive.

“There’s this massive problem with the state of blockchain design,” Zurlo said. “This is where nil came in and this is where the zkSharding design was born.”

Ethereum roadmap identifies scalability as a key network issue as increasing user activity has driven it to “certain capacity limitations”.

Ethereum’s mainnet can currently process between seven and 15 transactions per second. By comparison, global payments network Visa reports processing more than 65,000 transactions per second, according to its website.

As a result, cheaper and faster scaling networks began to take a much more prominent role in the Ethereum ecosystem, with chains like Arbitrum, Optimism, Polygonand The base commanding a considerable audience in recent years.

“There is no problem (on Ethereum) bigger than scalability,” Zurlo said. “I want to make sure there’s enough fuel on this possible fire.”

Edited by Andrew Hayward