The Scalability Challenge: Why Blockchain Needs zkSync

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18 Jan 2024
45

What is zkSync?
Ethereum is the leading blockchain platform, but it is facing scalability challenges. The network can only process about 15 transactions per second, which is not enough to support the growing demand for decentralized applications (dApps).
Layer-2 scaling solutions are designed to address the scalability challenges of Ethereum. They move transactions off the main Ethereum chain (L1) and onto a separate layer (L2). This allows for much higher transaction throughput and lower fees.
zkSync is a leading Layer-2 scaling solution for Ethereum. It uses zk-SNARKs (zero-knowledge succinct non-interactive argument of knowledge) to achieve scalability without compromising security.
zkSync is a Layer-2 scaling solution for Ethereum that uses zero-knowledge proofs (ZKPs) to achieve high throughput and low fees. It is a trustless, decentralized, and censorship-resistant solution that preserves the core values of Ethereum.

Why does blockchain need zkSync?
Ethereum is a powerful platform for decentralized applications (dApps), but it has some scalability limitations. Transactions on Ethereum can be slow and expensive, which can make it difficult for dApps to scale to a large user base.
zkSync addresses these scalability limitations by moving dApp transactions off of the Ethereum mainnet and onto a Layer-2 network. This allows zkSync to process transactions much faster and more cheaply than Ethereum can.
What Are zkSync's Blockchain Competitors?
There are a number of other Layer-2 scaling solutions for Ethereum, including Optimistic Rollups, Loopring, and Polygon. Each of these solutions has its own strengths and weaknesses.
Optimistic Rollups are similar to zkSync in that they use a fraud-proof mechanism to ensure the validity of transactions. However, optimistic rollups require a longer time to deposit and withdraw funds than zkSync.
Loopring is a decentralized exchange that uses a hybrid approach to scaling. It uses zkRollups for fast and cheap transactions, but it also uses Ethereum's mainnet for some transactions.
Polygon is a framework for building and connecting Ethereum-compatible blockchains. It supports a variety of scaling solutions, including zkRollups, Optimistic Rollups, and sidechains.

What Is zkSync's Ecosystem?
A number of dApps have already been deployed on zkSync, including:

  • Aave, a decentralized lending protocol
  • Balancer, a decentralized exchange
  • Chainlink, a decentralized oracle network
  • SushiSwap, a decentralized exchange

zkSync is also supported by a number of infrastructure providers, including:

  • Argent Wallet
  • Decentraland
  • MetaMask


Who are zkSync's investors and partners?
zkSync has raised over $100 million in funding from a number of investors, including:

  • Alameda Research
  • Andreessen Horowitz
  • Binance
  • Coinbase Ventures
  • Digital Currency Group

and more have.

ZkSync's Technology
ZkSync uses zero-knowledge proofs to enable fast, secure, and scalable transactions on top of Ethereum. Zero-knowledge proofs are a type of cryptographic proof that allows one party to prove to another party that they know something without revealing the actual information.
In the case of ZkSync, transactions are processed off-chain. The results of those transactions are then encoded into a zero-knowledge proof. That proof is then submitted to Ethereum, where it is verified by the Ethereum network.
This process allows ZkSync to achieve much higher throughput and lower fees than Ethereum can on its own
ZkSync Is Future
ZkSync has the potential to be a major player in the Ethereum ecosystem. It offers a fast, secure, and scalable solution to Ethereum's scalability problem.
If ZkSync is successful, it could help to make Ethereum the leading platform for decentralized applications.


zkSync is a promising Layer-2 scaling solution for Ethereum. It offers high throughput, low fees, and strong security. With the support of a growing ecosystem of dApps and infrastructure providers, zkSync is well-positioned to play a significant role in the future of Ethereum scaling.



Here are some additional details about zkSync that you may want to include in your blog post:

  • zkSync's architecture: zkSync uses a two-layer architecture. The first layer, called the sequencer, is responsible for processing transactions and generating proofs. The second layer, called the relayer, is responsible for verifying proofs and executing transactions on the Ethereum mainnet.
  • zkSync's security: zkSync uses a fraud-proof mechanism to ensure the validity of transactions. This mechanism works by requiring the sequencer to generate a proof that proves the validity of a transaction. If the sequencer cannot generate a proof, the transaction is rejected.
  • zkSync's roadmap: zkSync is currently in the process of releasing a number of new features, including:
    • zkSync 2.0: This upgrade will improve the performance and scalability of zkSync.
    • zkSync NFTs: This feature will allow users to store and trade NFTs on zkSync.
    • zkSync DeFi: This feature will allow users to participate in DeFi applications on zkSync.
  • Transaction fees: zkSync transaction fees are typically much lower than Ethereum main chain transaction fees. For example, the average transaction fee on zkSync is about $0.001, while the average transaction fee on Ethereum is about $5.
  • Transaction speed: zkSync can process thousands of transactions per second, which is much faster than the Ethereum main chain, which can only process about 15 transactions per second.
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I hope this helps!

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