- Developers Ethereum started creating «economic zone» that should eliminate the fragmentation of the ETH ecosystem.
- The framework will allow smart contracts based on different rollups to operate synchronously in second-layer networks without the use of bridges.
- All created products will be free open source software.
Recently, ETH developers shared with their plans to create an «Ethereum Economic Zone» (EEZ), why is it needed?
EEZ aims to address the excessive fragmentation of the ETH ecosystem, which includes dozens of second-layer networks with their own liquidity pools and bridges. This infrastructure complexity makes it more vulnerable to hacker attacks, such as those exploiting bugs in the process of transferring coins from one network to another.
In order to rectify the situation, the organization’s employees Ethereum Foundation proposed using EEZ, a framework that allows smart contracts based on different rollups to work synchronously in second-layer networks without relying on bridges and using эфириум as gas. This will eliminate the need for cross-chain transfers and improve network interoperability.
The initiative’s authors plan to release technical details about the implementation and operation of the EEZ in the near future. The creation of the economic zone will be led by members of the EEZ Association, including employees of the credit institution. DeFi Aave, the mainnet block builders of ETH Titan and Beaver Build, and the asset tokenization platform Centrifuge.
The Swiss-based EEZ Association will develop EEZ as a public, open-source infrastructure. All products created will be free and open-source software. Contributions are welcome. This is not an exclusive group, but a collaborative effort to build infrastructure that the Ethereum ecosystem can rely on, the programmers concluded.
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