The =nil; Foundation has appointed a new CEO to lead the layer-2’s initiatives to advance scaling technology on Ethereum—at a time in which such networks are seeing much more use in the ETH ecosystem.

Avi Zurlo will serve as CEO of the company behind =nil; (aka Nil)—yes, the =nil; Foundation is a company, not the kind of foundation seen with many blockchain projects—furthering its mission to harness the power of zkSharding technology to improve transaction speed and throughput (or number of transactions processed per second) on Ethereum. His tenure began Monday.

“If you believe that Bitcoin could replace or be a meaningful competitor to gold or that stablecoins could continue to grow to reach multi-trillion-dollar market caps, [then] the existing blockchain infrastructure will fail,” Zurlo told Decrypt.

ZkSharding is a scaling technology that uses zero-knowledge (zk) tech to validate transactions across different layer-2 shards, or network fragments, prior to submitting those transactions to Ethereum’s mainnet. The aim is to scale Ethereum in a horizontal manner, adding more nodes to the system rather than increasing its existing data-processing capabilities.

Zurlo is taking the layer-2 company’s top

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Author: Liz Napolitano