The Ethereum Economic Zone (EEZ) will not only welcome L2 solutions but also external Layer 1 networks. This was announced by Gnosis co-founder Frederike Ernst in an interview with Cointelegraph.
The concept is being developed to combat liquidity fragmentation. According to Ernst, many projects outside the second-largest cryptocurrency blockchain have already expressed interest in the initiative.
Implementing the EEZ will allow different networks to interact as if they are part of a single structure. This will address the issue of protocol duplication, where popular services like Aave or Maker are forced to launch separate versions in each L2 network.
To join the economic zone, a blockchain must meet three criteria:
- have a clear state transition function;
- generate cryptographic proofs for each block;
- support the ability to reorganize synchronously with Ethereum.
Ernst noted that the last condition is the most challenging but essential for ensuring the security of shared transactions.
Technically, the process will be facilitated by block builders. They will recognize smart contracts from different networks and include them in a single block atomically: either both transactions are executed, or neither is. This will enable applications on the main Ethereum network to be used directly from L2 solutions without splitting liquidity into numerous small markets.
Ernst emphasized that participation in the EEZ does not require mandatory use of the EVM. This makes the proposal attractive even for private institutional networks. Additionally, Ernst highlighted that blockchains can leave the economic zone at any time if their strategy changes.
Recall that in March, the Ethereum Foundation presented a roadmap for protecting the network against quantum computers by 2029.