The information provided is accurate at the time of posting. 17/07/24 9am AEST
ZKsync (ZK)
Marketcap: $933,270,716
Circulating supply: 3,675,000,000 ZK
Max supply: 21,000,000,000 ZK
Sending Network: ZKS20
Receiving Network: ZKS20
Trade ZKsync here: https://digitalsurge.com.au/alt-coins/zk/buy
What is ZKsync?
ZKsync (ZK) is a Layer 2 scaling solution designed to enhance Ethereum’s performance by providing faster and cheaper transactions. Utilising zero-knowledge rollups (zk-rollups), ZKsync significantly improves the scalability and efficiency of the Ethereum network without compromising on security.
At its core, ZKsync uses zk-rollup technology, which bundles multiple transactions into a single proof that is then verified on the Ethereum blockchain. This method reduces the amount of data processed on-chain, thereby lowering transaction fees and increasing throughput. As a result, users can enjoy a seamless experience with faster transaction times and reduced costs.
One of the standout features of ZKsync is its focus on user and developer experience. The platform supports atomic swaps, native smart contract support, and compatibility with existing Ethereum wallets and dApps. This makes it easier for developers to integrate ZKsync into their projects and for users to benefit from the enhanced scalability without needing to learn new tools or interfaces.
ZKsync also prioritizes security by leveraging Ethereum’s robust security model. All transactions on ZKsync are ultimately settled on the Ethereum mainnet, ensuring the same level of trust and security that users expect from Ethereum. Additionally, ZKsync’s use of zk-rollups means that user funds are always secure, even if the Layer 2 network experiences issues.
In summary, ZK offers a powerful solution to Ethereum’s scalability challenges through its use of zero-knowledge rollups. By providing faster, cheaper transactions and maintaining high security standards, ZKsync enhances the overall Ethereum ecosystem. Its focus on user and developer experience makes it an attractive option for those looking to leverage Ethereum’s capabilities without the usual limitations.
How to Buy ZKsync?
View all of our tradeable coins here: https://digitalsurge.com.au/buy-sell
Learn More About ZKsync:
Website: https://zksync.io/
X (Twitter): https://x.com/zksync
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