zkSync: Making Ethereum Transactions Great Again
Why Zksync is the Layer-2 Solution You've Been Waiting for
Russian DeFi
April 03, 2023
Called the DIBS on this one. If you miss out, you're probably with notifications off...
Turn 'em on after reading this 🔻
Because we are giving you THE zkSYNC rundown.
The HUNT for a fast, secure & cost-effective L2 is on🚀.
And this is a step-by-step guide to understanding the zkSync scaling ecosystem.
Introducing zkSync
✅ zkSync is an L2 scaling solution for Ethereum.
✅ It uses zero-knowledge proofs to achieve fast, secure & low-cost transactions.
✅ With zkSync, you can experience near-instant transaction confirmations + save on gas fees. An attractive choice for many
The Foundation
zkSync is founded by Matter Labs, a German-based company working on scaling Ethereum since Dec 2019.
So far zkSync nearly raised a record-breaking sum of $458M in funding from Tier 1 VCs.
Mainnet is Here
With the recent mainnet alpha launch of zkSync, it's now possible to use the platform for live transactions.
This is an exciting development for anyone who has been waiting to try out zkSync and experience its benefits firsthand.
More on the mainnet launch here 👇️
zkSync : Eyes on the BALL
Mission statement
✅ Accelerate the mass adoption of crypto for personal sovereignty
✅ Ensure scaling freedom via trustless, barrierless economic cooperation.
✅ Privacy & Security
Advantages of zkSync
1) Works with ETH Infrastructure
zkSync's compatibility with existing Ethereum infrastructure means anyone can use it with their favorite dApps and wallets without hassle.
This makes it an ideal solution for those who want to benefit from layer-2 scaling without having to make any significant changes.
2) Committed to Decentralization
Another advantage of zkSync is its commitment to decentralization.
The platform is designed to operate without a central authority, which means that anyone can participate and contribute to the network.
This helps to create a more equitable and democratic ecosystem.
List of Audits
✅ 7 independent security audits by T1 auditors
✅ 3 internal audits
✅ 2 public security contests
✅ Open-ended bug bounty program
✅ Open-sourcing zkSync Era code
What About The Airdrop?
In addition to its technical features, zkSync is also offering an exciting opportunity to participate in its airdrop.
This is a chance to earn $ZKS tokens by using the platform and referring others to do the same.
To participate in the airdrop 👇️
All you need to do is create a wallet and make a transaction on zkSync.
It's that simple!
Check out the thread done by Rekt Fencer🧵
People make millions of dollars from airdrops, and you can do the same.
$ZKS by @zksync has been confirmed and the potential airdrop is huge.
Maximize your chances of receiving the $ZKS airdrop with this zkSync Airdrop Strategy: 👇🧵 https://t.co/9eVKSrNsJ7
— Rekt Fencer (@rektfencer)
Mar 19, 2023
What the Future Holds
Overall, zkSync is a promising layer-2 solution with the potential to change scaling for ETH users.
But what the future holds for zkSync is found here⬇️
The mission continues. The wave of projects joining zkSync Era shows no signs of slowing down, and we’re excited to share another five updates from our fast-growing ecosystem. #jointhemission
🧵(1/7) https://t.co/egApusfepJ
— zkSync ∎ (@zksync)
Mar 20, 2023