ZK Project Analysis
Since its launch, zkSync Era has processed approximately 21 million on-chain transactions and has 1.7 million unique addresses. zkSync achieved high on-chain activity right from its launch. zkSync Era's Total Value Locked (TVL) showed steady growth in the first three weeks post-launch, and the latest airdrop included over 6 million wallet addresses.
zkSync is one of the four major Layer 2 solutions, currently boasting a TVL of $700 million.
zkSync is a Layer 2 scaling solution that retains the security properties of the underlying blockchain by utilizing the latest generation of succinct zero-knowledge proofs. All funds within zkSync are held by smart contracts on the main chain, while computation and storage are performed off-chain.
Staking and governance.
zkSync has issued a total of 21 billion tokens, distributed as follows:
- Token Assembly: 29.3%
- Ecosystem Initiatives: 19.9%
- Airdrop: 17.5%
- Team: 16.1%
- Investors: 17.2%
zkSync employs ZK-Rollup technology, which offers advantages in privacy, scalability, and transaction costs. This technology helps zkSync stand out in the competitive Layer 2 market. The project has successfully raised $258 million in funding and received a $200 million funding commitment from BitDAO. The zkSync team has extensive industry experience and technical background, contributing to the project's robust development and continuous innovation. zkSync is focused on scaling Ethereum's transaction throughput. Using zero-knowledge proof (zkProofs) technology, zkSync aims to achieve high performance, low cost, high security, and decentralized transactions.
Since 2018, zkSync has completed five rounds of financing, raising a total of $258 million. The latest Series C round was completed in November 2022, raising $200 million, led by Dragonfly and Blockchain Capital. Additionally, BitDAO has committed $200 million to zkSync to foster ecosystem development.
- Twitter: 1,500,246 followers
- Telegram: 42,316 members
- Discord: 785,202 members
None
Despite the immense potential of Layer 2 solutions, there are still challenges to overcome to fully realize this potential. As the Layer 2 ecosystem matures, we can expect a wave of innovation, such as native account abstraction features on Starknet. Hybrid solutions that combine the benefits of different Layer 2 technologies are emerging, offering dual benefits for optimistic rollups and validity rollups. Advances in validity proofs (e.g., STARKs) further enhance the scalability and privacy of Layer 2 networks.
Basic Information
Project Introduction: zkSync is a Layer 2 scaling solution that retains the security properties of the underlying blockchain by utilizing the latest generation of succinct zero-knowledge proofs. All funds in zkSync are held by smart contracts on the mainchain, while computation and storage are performed off-chain.
Token Full Name: kSync
Token Name: ZK
Project Website: https://zksync.io/
Project Documentation: None
Block Explorer: https://explorer.zksync.io/address/0x5a7d6b2f92c77fad6ccabd7ee0624e64907eaf3e
Liquidity Inquiry: None
Join the CoinW Institute to decipher the world of crypto with no threshold for quality projects!
Btok: https://s65535.com/CoinwExchangeEnglish
CoinW Institute
2024/6/17
ZK Project Analysis
Since its launch, zkSync Era has processed approximately 21 million on-chain transactions and has 1.7 million unique addresses. zkSync achieved high on-chain activity right from its launch. zkSync Era's Total Value Locked (TVL) showed steady growth in the first three weeks post-launch, and the latest airdrop included over 6 million wallet addresses.
zkSync is one of the four major Layer 2 solutions, currently boasting a TVL of $700 million.
zkSync is a Layer 2 scaling solution that retains the security properties of the underlying blockchain by utilizing the latest generation of succinct zero-knowledge proofs. All funds within zkSync are held by smart contracts on the main chain, while computation and storage are performed off-chain.
Staking and governance.
zkSync has issued a total of 21 billion tokens, distributed as follows:
- Token Assembly: 29.3%
- Ecosystem Initiatives: 19.9%
- Airdrop: 17.5%
- Team: 16.1%
- Investors: 17.2%
zkSync employs ZK-Rollup technology, which offers advantages in privacy, scalability, and transaction costs. This technology helps zkSync stand out in the competitive Layer 2 market. The project has successfully raised $258 million in funding and received a $200 million funding commitment from BitDAO. The zkSync team has extensive industry experience and technical background, contributing to the project's robust development and continuous innovation. zkSync is focused on scaling Ethereum's transaction throughput. Using zero-knowledge proof (zkProofs) technology, zkSync aims to achieve high performance, low cost, high security, and decentralized transactions.
Since 2018, zkSync has completed five rounds of financing, raising a total of $258 million. The latest Series C round was completed in November 2022, raising $200 million, led by Dragonfly and Blockchain Capital. Additionally, BitDAO has committed $200 million to zkSync to foster ecosystem development.
- Twitter: 1,500,246 followers
- Telegram: 42,316 members
- Discord: 785,202 members
None
Despite the immense potential of Layer 2 solutions, there are still challenges to overcome to fully realize this potential. As the Layer 2 ecosystem matures, we can expect a wave of innovation, such as native account abstraction features on Starknet. Hybrid solutions that combine the benefits of different Layer 2 technologies are emerging, offering dual benefits for optimistic rollups and validity rollups. Advances in validity proofs (e.g., STARKs) further enhance the scalability and privacy of Layer 2 networks.
Basic Information
Project Introduction: zkSync is a Layer 2 scaling solution that retains the security properties of the underlying blockchain by utilizing the latest generation of succinct zero-knowledge proofs. All funds in zkSync are held by smart contracts on the mainchain, while computation and storage are performed off-chain.
Token Full Name: kSync
Token Name: ZK
Project Website: https://zksync.io/
Project Documentation: None
Block Explorer: https://explorer.zksync.io/address/0x5a7d6b2f92c77fad6ccabd7ee0624e64907eaf3e
Liquidity Inquiry: None
Join the CoinW Institute to decipher the world of crypto with no threshold for quality projects!
Btok: https://s65535.com/CoinwExchangeEnglish
CoinW Institute
2024/6/17