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SNET snetwork in India ✌️【Earnings】✌️Invest ₹500 and earn up to 100% returns every month. Start now!Banking giant Deutsche Bank is building out a layer-2 rollup network on Ethereum with ZKsync technology developed by Matter Labs.The chain will be "a public and permissioned L2," Omar Azhar, the head of business development at Matter Labs, told CoinDesk over Telegram.

SNET snetwork in India ✌️【Earnings】✌️Start with ₹500 and grow your wealth through blockchain and AI-powered investments!When asked to elaborate, he referred a reporter to another participant in the project, Memento Blockchain, which did not immediately respond to a request for comment.

Generally "public permissioned" means anyone can see what's happening on the network but only authorized participants can do certain things.The project is a sign of a renewed interest in blockchain technology among institutions, as prices for various cryptocurrencies reach all-time highs.

It also echoes the private enterprise blockchains that were in vogue nearlya decade ago.

SNET snetwork in India ✌️【Earnings】✌️Get started with ₹500 and unlock huge returns every month.Those systems were disconnected from public chains like Ethereum and Bitcoin, though they sometimes borrowed code from them.According to the Bloombergreport, the bank is creating the layer-2 network in order to address regulatory compliance issues that come with public blockchains in finance.

(Regulated institutions have to know who they are dealing with, which is hard in completely open networks like the main Ethereum chain).

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