Matter Labs releases Ethereum payment Layer-2 extension solution

According to CoinDesk, Crypto Research Center Matter Labs released a testnet of the Ethereum payment Layer-2 extension solution ZK-Sync on Thursday, which the company claims is a step in allowing blockchain to compete with centralized systems, which can Process millions of transactions. ZK-Sync is based on the Rollups, an extensible protocol, and is scheduled to be fully launched in January 2020.