zkSync
zkSync
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zkSync BasicReport a Data Error
- Oct 16,2024zkSync proposes zkSync Ignite, aiming to distribute 300 million ZK tokens over nine months to boost DeFi liquidity on the platfor
- Sep,2024zkSync launches a decentralized governance system featuring the Token Assembly, Security Council, and Guardians.
- Sep 12,2024The zkSync Security Council is established, tasked with safeguarding the protocol’s integrity and responding to security threats.
- Aug,2024zkSync surpasses 2 million daily transactions, achieving a new record in Layer-2 activity.
- Jun 16,2024The ZK token debuts on exchanges, trading at an initial price of $0.271.
zkSync Info
- Oct 16,2024zkSync proposes zkSync Ignite, aiming to distribute 300 million ZK tokens over nine months to boost DeFi liquidity on the platfor
- Sep,2024zkSync launches a decentralized governance system featuring the Token Assembly, Security Council, and Guardians.
- Sep 12,2024The zkSync Security Council is established, tasked with safeguarding the protocol’s integrity and responding to security threats.
- Aug,2024zkSync surpasses 2 million daily transactions, achieving a new record in Layer-2 activity.
- Jun 16,2024The ZK token debuts on exchanges, trading at an initial price of $0.271.
zkSync Team
zkSync Intro
zkSync is a cutting-edge Layer-2 scaling solution for Ethereum, leveraging zero-knowledge rollup (zk-rollup) technology to improve transaction speed and reduce gas costs while maintaining robust security. By bundling multiple transactions off-chain and only submitting minimal data to Ethereum, zkSync ensures faster and cheaper transactions without compromising Ethereum’s decentralized security guarantees.
One of zkSync’s standout features is its instant transaction finality using zk-SNARKs (succinct non-interactive arguments of knowledge), which allows users to experience immediate transfers and withdrawals, avoiding the delays seen in other rollup solutions like Optimistic Rollups. As of 2024, zkSync Era has become one of the leading Ethereum Layer-2 solutions, processing over 1.5 million daily transactions and consistently achieving high throughput with over 16 transactions per second (TPS). This performance solidifies zkSync as a frontrunner in Ethereum scalability.
zkSync offers full EVM compatibility, making it easier for developers to migrate their decentralized applications (dApps) to Layer-2 without significant changes. Additionally, zkSync’s Paymaster feature allows for flexible fee models, where users can pay transaction fees in tokens other than ETH, further enhancing the user experience.
With applications spanning DeFi, gaming, NFTs, and cross-chain infrastructure, zkSync is driving mass adoption by addressing Ethereum’s scalability challenges while maintaining a user-friendly environment. It represents a critical step towards a more efficient and accessible blockchain ecosystem.
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zkSync is a cutting-edge Layer-2 scaling solution for Ethereum, leveraging zero-knowledge rollup (zk-rollup) technology to improve transaction speed and reduce gas costs while maintaining robust security. By bundling multiple transactions off-chain and only submitting minimal data to Ethereum, zkSync ensures faster and cheaper transactions without compromising Ethereum’s decentralized security guarantees.
One of zkSync’s standout features is its instant transaction finality using zk-SNARKs (succinct non-interactive arguments of knowledge), which allows users to experience immediate transfers and withdrawals, avoiding the delays seen in other rollup solutions like Optimistic Rollups. As of 2024, zkSync Era has become one of the leading Ethereum Layer-2 solutions, processing over 1.5 million daily transactions and consistently achieving high throughput with over 16 transactions per second (TPS). This performance solidifies zkSync as a frontrunner in Ethereum scalability.
zkSync offers full EVM compatibility, making it easier for developers to migrate their decentralized applications (dApps) to Layer-2 without significant changes. Additionally, zkSync’s Paymaster feature allows for flexible fee models, where users can pay transaction fees in tokens other than ETH, further enhancing the user experience.
With applications spanning DeFi, gaming, NFTs, and cross-chain infrastructure, zkSync is driving mass adoption by addressing Ethereum’s scalability challenges while maintaining a user-friendly environment. It represents a critical step towards a more efficient and accessible blockchain ecosystem.