One of the four major community-launched projects, zksync is about to go online and issue coins. Why? Just today, zksync has released and announced that zkSync has tweeted that the v24 mainnet deployment has been completed, and withdrawals and deposits through the zkSync native bridge are now enabled.
Now the OTC price is getting higher and higher with hype, so the return after going online will definitely be more than 3 times (short time online). Let's take a look at the zksync project. The L2 field has undergone tremendous changes in the past few years. I will briefly introduce our work in zksync. This field is very complex, and even developers in the Ethereum ecosystem find it difficult to understand the difference between rollup projects. Coupled with the influence of hype and marketing, it is even more difficult to distinguish truly valuable information.
What is Zksync?
ZkSync is a new approach to solving ethereum’s scaling problems. It is one of the first applications of a technology called zero-knowledge proofs, and it claims to be the first to use it in a way that is compatible with ethereum applications.
In short, zkSync hopes to provide cheaper, faster transactions on the Ethereum blockchain and become the home of many popular Ethereum applications. If successful, we could see major decentralized exchanges and DeFi protocols expand to the zkSync layer, giving cryptocurrency users access to these tools at a lower cost.
zkSync Principle and Advantages
zkSync is a protocol that uses zk-rollup technology to achieve high-performance expansion on the Ethereum mainnet, thereby achieving low-cost transactions and faster confirmation times. zkSync Era is built on the basis of the zkSync protocol. It has faster transaction speeds, higher scalability and more economical features, involving various fields such as DeFi, cross-chain bridges, NFT, etc.
zkSync’s architecture combines two protocols: zk-Rollups and validium. They are defined as zk-EVM (smart contracts) and zkPorter (off-chain data availability). Below is an illustration showing how the latter works.
Highlights of zkSync Era:
Mainnet level security, completely independent of third parties zkSync Era will adopt a multi-layer security mechanism and be equipped with independent monitoring and risk mitigation mechanisms to ensure mainnet level security. Unlike other custody layer solutions, zkSync Era is not only decentralized, but also completely independent of third parties, which means that users can control their own digital assets without worrying about their assets being attacked by centralized third-party service agencies. zkSync Era also has the characteristics of on-chain verification and non-tamperability, providing a high level of security. Powerful LLVM compiler
LLVM is one of the most mature compiler technologies in the world. Using the LLVM compiler can bring significant performance improvements and developer experience improvements. On Era, developers can take advantage of the LLVM compiler to achieve efficient compilation and execution of smart contracts.
Supported EVM features, introducing new features.
zkSync Era supports permissionless EVM-compatible smart contracts, which means that anyone can publish and interact with smart contracts without the permission of a third-party centralized institution. Developers can redeploy Ethereum L1 projects on zkSync 2.0, as long as the code does not involve the deployment of a new smart contract, without the trouble of changing the underlying base code.
Figure 3: Matter Labs
At the same time, zkSync Era also introduces new features such as account abstraction. Account abstraction allows zkSync users to use a variety of assets, including ETH and ERC 20 tokens, to trade in a scalable and efficient way, which not only improves user flexibility but also reduces transaction costs and time.
According to Anthony Rose, account abstraction provides a less fictional way for more people to interact with applications on the blockchain. He said that one of zkSync's main goals heading into 2023 is to make it easy and natural for users to interact on the chain. Just as web2 users don't need to know HTML or HTTPS when surfing the web, Anthony believes that zkSync will be able to leverage account abstraction to provide users with the same silky interactivity. zkSync envisions being able to turn user accounts into smart contracts themselves, which has the potential to allow for a greater degree of flexibility while also improving the overall user experience.
zkSync Funding
zkSync’s financing can be described as luxurious. It has raised about 260 million US dollars so far, with an all-star lineup
Summarize
As an important second-layer expansion solution in the Ethereum ecosystem, zkSync has many advantages. It uses ZK-Rollup technology to improve transaction throughput, uses zero-knowledge proof technology to protect transaction privacy and security, supports seamless integration with Ethereum smart contracts, and also has a good developer ecosystem and community support.
The strong investment lineup, long operating cycle, and important influence on the second-layer network will bring rich returns to the interactors who get the airdrop tokens. The official airdrop is expected in June, and the second-layer king is about to return.
Join the group to participate in the primary market
