Today ı will tell you about layer 2 and zkSync. This will be very big and most important project in 2024.Many initiatives that use Layer 2 scaling protocols are looking for answers to those issues as a way to increase the performance of the network. One of these solutions is zkSync. The goal of this era is to growth scalability without compromising Ethereum safety. Layer 2 answers outline answers built on top of Layer 1 to boom the scalability of the Ethereum community. These solutions goal to reduce expenses (fuel costs) utilized in transaction verification even as keeping complete decentralization, transparency, and security. Additionally, Layer 2 answers also improve off-chain computation and processing outside of the blockchain. Therefore, most of these solutions nowadays attempt to exchange the focal point of high-transaction alternatives consisting of NFTs, bills, and DeFi functions. In short, zkSync presents a method to the Ethereum scalability hassle with out compromising protection thanks to the techniques it adopts.


ZkSync Era is a Layer-2 protocol that scales Ethereum with modern-day ZK tech. It is a consumer-centric ZK-rollup platform from Matter Labs, that is already stay on Ethereum mainnet 1. The platform ambitions to increase Ethereum’s throughput while keeping its foundational values which include freedom, self-sovereignty, and decentralization at scale 2. The platform’s layout is focused on imparting a stable and person-pleasant enjoy to onboard the primary billion customers to web3 2. ZkSync Era is devoted to going above and beyond to make Era through a long way the maximum stable L2, in exercise 2. Over two hundred initiatives from Chainlink, Uniswap, SushiSwap, Aave, Argent, Gnosis, Curve, and a few of the world’s largest brands have registered their hobby to set up on zkSync 2. ZkSync is a Layer 2 solution that scales the transactions of the Ethereum community. Zero-information technology are cryptographic protocols that allow one celebration to use facts without proving to the opposite party that they've that information. ZkSync offers scalability as a Layer-2 solution even as securely interacting with the main chain. Technically, zkSync makes use of a Layer-2 scaling technique referred to as zkRollup. ZkRollup is a method where transactions are accrued at the Layer-2 chain as opposed to the primary chain, and best the vital proofs are despatched to the main chain. This notably reduces transaction charges and transaction times.



The primary components of zkSync are:

1. Data Availability Layer: The layer in which transactions take region and are confirmed. Detailed information about transactions may be found in this layer. •
2. ZK Rollup Chain: The layer that proves that transactions have befell and are legitimate. Proofs are despatched to the main chain with zero-knowledge proofs.

The protocol, which was first launched in June 2020, objectives to create a dependable, consumer-pleasant, low-fee, and rapid transaction financial product which can attain a extensive target market. ZK-Rollup generation enables fast withdrawal instances due to its excessive transaction potential. With ZkSync, customers could make transactions within about 10 minutes, which does not have an effect on the availability of the community. Transactions despatched to ZkSync with the aid of users are right away authorised, shown to the recipient within the consumer interface and API, and the transferred property can be used at once for other transfers. To make sure that customers do not suffer any harm in case of issues inside the protocol, developers have created a collection known as the Security Council. Before developers fix any troubles and launch an update, they will placed a ready length of 4 weeks and users can withdraw their property with the “emergency go out” mechanism.

The Security Council's undertaking is to shorten the four-week ready length. The quantity to which the waiting length could be decreased in case of capability system troubles is determined by unanimous vote

• . •With eight out of 15 votes, the ready duration is decreased to 2 weeks.
• • With 10 out of 15 votes, the ready length is reduced to one week.
• • With 12 out of 15 votes, the waiting period is decreased to a few days.
• • All of those are lifted while the gadget is deemed secure sufficient.

Another good sized function of the venture is zkEVM. The ZkSync protocol makes the Ethereum Virtual Machine like minded with ZK-Rollup. This compatibility is known as zkEVM. Thus, the codes of Ethereum programs can run on ZK-Rollup, enabling a transaction speed of 2000 TPS (Transactions Per Second). With the currently announced ZkPorter project, the employer aims to similarly increase this transaction speed to 20,000 TPS inside the destiny.

ZkSync's advantages may additionally encompass :

1. • Low fuel prices: up to at least one/100 the cost of Layer 1 gasoline and inexpensive than other rollups.
2. • High speeds: over 2000 transactions in step with 2nd (tps) as compared to fourteen tps on Layer 1.
3. • Security: secured with the aid of the principle Ethereum Blockchain.
4. • Frictionless transfers: circulate your crypto between Layer 1 and Layer 2 right now or attempt.
5. • Censorship resistance: you can transfer your cryptocurrencies to Layer 1 at any time.

However, Layer-2 solutions like zkSync additionally have some obstacles:

1. 1. Transaction Variety: zkSync won't aid every form of transaction, and extra adaptations can be required for some complicated transactions.
2. 2. Main Chain Interaction: Layer-2 answers may additionally engage with the main chain while vital, doubtlessly causing a few delays.

The History of zkSync

zkSync is a project founded by Matter Labs, aiming for real-world usability. The team emphasizes that transaction speed is not only about scalability but also underscores the importance of blockchain networks being ready to serve multiple users. The initial version of this technology was released on the Ethereum mainnet in June 2020. Currently, it utilizes the zero-knowledge proof system PLONK to confirm transactions. Additionally, the team plans to launch the second version, zkSync 2.0, on the Ethereum mainnet a few months later. The project continually releases a series of updates to enhance the overall performance of the network.

How does zkSync work?

ZkSync is a Layer 2 protocol based totally on the ZK Rollup architecture. ZK stands for “Zero Knowledge”. Rollup includes a Layer 2 answer that performs transaction execution outside the Ethereum Blockchain but shows transactions on Layer 1. ZK Rollup aggregates a mess of off-chain transfers and generates a cryptographic proof, called a SNARK (Succinct Non-interactive Knowledge Argument). It is referred to as a proof of validity and is displayed on Layer 1. This proof of the validity may be despatched to Layer 1 and verified in a smart settlement. This permits for close to-frictionless transfers between Layer 1 and Layer 2. The security of Rollup is determined through the validity and availability of the facts. This ensures that the country has been validated to save you validators from changing the data on Layer 2 which will scouse borrow users’ cryptocurrencies. Additionally, it maintains the records to be had for Layer 2 via ensuring that users have the records if you want to withdraw property from Layer 2 to Layer 1 at any time. Important to notice, as zkSync is a Layer 2 solution at the Ethereum Network, transfers among Layer 1 and Layer 2 are smooth to make. However, switch from Layer 2 to Layer 1 additionally asks for fuel charges as high as those for ETH switch.

Comparison zkSync and Others

zkSync Founders and Investors

When we talk approximately what zkSync is, it’s worth noting that the undertaking is supported by many big groups consisting of Binance Labs, Ethereum Foundation, and Coinbase. In addition, the corporation raised $2 million from crypto organizations including Binance, Aave, Curve, and Coinbase Ventures in September 2019 and $6 million in February 2021. In November 2021, it raised another $50 million from undertaking capital price range consisting of a16z, Dragonfly, and Placeholder. The business enterprise is also receiving $200 million in aid from BitDAO in January 2022.

Differences between zkSync and zkEVM

ZkSync and zkEVM are each Layer 2 Ethereum scaling solutions. ZkSync objectives to increase scalability and reduce transaction charges on the Ethereum network by transferring a number of the computation and storage off-chain. On the alternative hand, zkEVM ambitions to bring all the electricity of Ethereum’s clever contracts to Layer 2. This lets in builders to get right of entry to smart contracts in a extra scalable and value-powerful manner. Additionally, with the aid of assisting the Ethereum Virtual Machine (EVM), it can run complex clever contracts just like the Ethereum community itself. In end, despite the fact that each initiatives are based totally on 0-expertise (zk) proofs, there are a few variations between them. In simple phrases, zkSync is targeted on token transfers whilst zkEVM is more centered on smart contracts.

How can be eligible for airdrop?

The zkSync network will reportedly launch its personal coin, $ZKS, and airdrop it to manufacturing and builders at the community. However, there's no clear facts yet and no reliable announcement has been made for the airdrop. The steps for the viable $ZKS airdrop are as follows:
1. Add zkSync Era Alpha Mainnet in MetaMask.
2. Example of budget zkSync. Bridge some amount of Eth to zkSync
3. Interact with zkSync Lite and zkSync Era Mainnet Alpha.
4. Engage with the zkSync surroundings.
5. Complete zkSync Crew3.

zkSync Roadmap

As a conclusion, zkSync will be most popular project in 2024. I think they will give biggest amount of airdrop we have ever seen before. In my opinion this airdrop will be much bigger than Starknet. I hope you like my article and thanks for supporting and reading.

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