Manifesto: Memento Blockchain — Pioneering the Future of Institutional Finance

Introduction

In the dynamic convergence of traditional finance and decentralized finance (DeFi), Memento Blockchain stands at the forefront, championing a new era with the creation of a zkSync hyperchain, a meticulously tailored blockchain for institutional use. This manifesto outlines the core principles, innovations, and commitments that define Memento Blockchain’s vision for the future of institutional finance.

The Genesis

Founded on unwavering belief in the transformative potential of blockchain technology, particularly Ethereum, Memento Blockchain recognizes the fundamental shift in the financial landscape. The promise of faster, cheaper, and transparent transactions has always been at the heart of our conviction. However, the bottleneck of scalability, notably the issue of gas fees on Ethereum and the inability to increase speed and reliability without compromising security has hindered its mass adoption.

The breakthrough came with the advent of layer 2 solutions, and among them, zkSync emerged as a beacon. Powered by zero-knowledge (ZK) technology, zkSync addressed the scalability challenges, offering a trustless layer 2 protocol for scalable, low-cost transactions and payments on Ethereum. With zkSync, Memento Blockchain saw an opportunity to bridge the gap between the traditional financial sector and the blockchain future.

The Evolution of zkSync

Matter Labs, the visionary force behind zkSync, embarked on a journey to revolutionize scalability, not merely in terms of transaction throughput but also in the overall readiness of blockchain systems for mass adoption. zkSync Lite (1.0), launched in June 2020, achieved a transaction throughput of ~300 transactions per second (TPS), marking a significant step towards mainstream user adoption.

The subsequent developments, including recursive ZK proofs, support for automatic recurring payments, and the integration of smart contracts, paved the way for zkSync’s growth. Matter Labs’ commitment to scalability manifested in zkSync Era (2.0), promising arbitrary smart contract capabilities and an exponential increase in throughput via zkPorter — setting the stage for a future with 20,000+ TPS.

The Birth — A hyperchain for Institutional Finance

Collaborating directly with Matter Labs, Memento zkSync powered Blockchain is now at the forefront of creating a hyperchain designed specifically for institutional use. Acknowledging that the traditional financial sector may be hesitant to embrace public blockchains, this provides a controlled environment where institutional players can harness the power of blockchain technology securely, entirely customizable to their needs

Key Features:

Compliance-Driven Environment:

• Dual-layered Know Your Customer (KYC) processes on-chain and off-chain.
• Elimination of bad actors, ensuring a secure space for institutions to experiment on a controlled mainnet.

EVM Compatibility:

• Ethereum Virtual Machine (EVM) compatibility for seamless integration with existing Ethereum applications.
• Opens the door to a myriad of projects, enhancing versatility and adoption potential.

Application Integration:

• Integration of applications, including the Domani Protocol, designed for creating digital native funds.
• A pivotal step towards reshaping the institutional DeFi landscape.

Scalability and Cost-Efficiency:

• Powered by the ZK Stack framework, the hyperchain ensures modularity, customization, and compliance.
• Scalability through dedicated hyperbridges, fostering a seamless, low-latency experience.
• Shared liquidity pool for users, unlocking the full potential of decentralized finance for institutions.

Conclusion

Memento Blockchain’s hyperchain represents a paradigm shift in institutional finance, where compliance meets innovation, and controlled experimentation meets the power of decentralized finance. As we pioneer this transformative journey, we invite institutions to join us in shaping a future where blockchain is not just a technological marvel but a practical, compliant, and secure tool for revolutionizing finance on a global scale. The new era of institutional DeFi exploration is here!