BlockBeats message, March 29, according to The Block, Gnosis co-founder Friederike Ernst and Zisk founder Jordi Baylina announced on Sunday at the EthCC conference in Cannes the “Ethereum Economic Zone” (EEZ) plan, which is co-funded by the Ethereum Foundation.
The EEZ aims to create a framework for Rollups, allowing smart contracts on connected Rollups to perform synchronous composable calls with the Ethereum mainnet and other EEZ Rollups, with security guarantees equivalent to those directly deployed on Ethereum. The framework uses ETH as the default Gas token, eliminating the need for additional cross-chain bridge infrastructure. Ernst stated, “Ethereum does not have a scaling problem; it has a fragmentation problem. Every new L2 that goes live has its own liquidity pool and bridging, creating another isolated walled garden.”
Founding members of the EEZ alliance include the DeFi lending protocol Aave, blockchain builders Titan and Beaver Build, the RWA platform Centrifuge, and the tokenized stock project xStocks. The project will operate as a Swiss non-profit organization, with all software released in open-source form, aiming to minimize governance and ultimately achieve non-upgradability. Technical specifications and performance benchmarks are expected to be released in the coming weeks.