zkOmnichain: The Key Infrastructure for Web3's Future

In the development of blockchain technology, zkRollup and zkOmnichain represent two different but equally important directions. zkRollup, as a Layer 2 solution, primarily addresses the congestion issues of the Ethereum network; whereas zkOmnichain falls under the Layer 0 category, aiming to build the infrastructure for the entire Web3 network. Although the influence of the Ethereum ecosystem is immense, drawing more attention to zkRollup, the importance of zkOmnichain should not be overlooked.

Ethereum's market share has shown a downward trend from August 2020 to February 2023, with the latest data indicating it has dropped to 59.24%. Although the infrastructure for Web3 may maintain a "one dominant and many strong" pattern in the long term, it is expected that with the development of Layer 2 technologies, the rise of emerging public chains, and the expansion of cross-chain ecosystems, Ethereum's market share may remain below 50% in the long term after 2025.

In a multi-chain environment, there are three main paths for applications to achieve full chain coverage: interoperability with different chains through intermediate consensus protocols, using Optimistic mechanisms to complete cross-chain operations, and a full chain interoperability protocol based on zero-knowledge proofs called zkOmnichain. Among them, zkOmnichain has become the ideal choice for building Web3 network infrastructure due to its decentralized and trustless characteristics.

Compared to other cross-chain solutions, zkOmnichain has significant advantages:

1. No need to rely on intermediary chains, reducing the operating costs of validating nodes.
2. The demand for intermediary tokens and derivative tokens has been eliminated, allowing users to conduct cross-chain transactions of native tokens directly.
3. Reducing reliance on third-party oracles enhances the security and resilience of the network.
4. Achieved true decentralization and trustlessness through rigorous mathematical and cryptographic proofs.

The emergence of zkOmnichain provides the possibility for the transition from "chain" to "network", and is expected to support large-scale deployment of full-chain applications on various smart contract public chains. Applications based on zkOmnichain will have higher cross-chain security, lower communication costs, and faster communication speeds, making it easier to achieve success.

In the next three years, full-chain applications are expected to gradually replace single-chain/multi-chain applications and become the mainstream deployment model for Web3 applications. The zkOmnichain interoperability protocol will be a key technology and infrastructure to realize this process. We can foresee that applications based on zkOmnichain, such as full-chain AMM, full-chain lending, full-chain social finance, and full-chain NFTs, will continuously emerge, driving the rapid development of the Web3 ecosystem.

In the Web3 era, the importance of zkOmnichain is self-evident. It is not just a technological innovation but a key cornerstone for building a decentralized internet. With the maturation of this technology and the popularization of its applications, we will witness the birth of a more open, secure, and interconnected Web3 world.