Phala Network Launches Ethereum Layer 2 Rollup

Phala Network, a parachain based on Polkadot, has launched an Ethereum (ETH) Layer 2 network in collaboration with infrastructure providers Sushinnect Labs and Conduit.

According to The Block's report on the 9th (local time), the newly launched Ethereum L2 network by Phala Network utilizes OP Sushinnect, which is equipped with both optimistic proof and zero-knowledge proof infrastructure.

Phala Network explained, "The transition to Ethereum is to provide cryptographic computing solutions on the largest smart contract platform."