What is zkSync Era? A broad overview
Ethereum Blockchain, known for its important role in the widespread of decentralized finance (defi) smart contracts and in the widespread adoption of irreparable tokens (NFTs), has always been at the forefront of innovation. These developments increased the benefit of the network and made it an important player in the blockchain arena. However, the increasing popularity and complexity of the transactions in Ethereum, scalability and process costs highlighted problems.
Ethereum took an important step towards solving these problems, pointing to a great progress in the evolution of the network, and the evidence of stock (POS) passed into the consensus mechanism. This transition not only made the network more efficient in terms of energy, but also paved the way for more scalability improvements.
In addition to these developments, layer 2 scaling solutions, such as zero information collection (ZK-Rollups), including technologies such as Ethereum, ZKSYNC and Optimistic Rollups, actively investigate and integrate. These technologies are designed to increase process efficiency and efficiency in the Ethereum network while maintaining solid security.
In particular, ZKSYNC facilitates efficient
interactions with the main network of Ethereum. It offers a significant lower wage advantage compared to the primary Ethereum layer, provides an unfamiliar approach for users to process. The release of ZkProofs, which forms the basis of ZKSYNC, overcomes significant difficulties with the process speed and cost.
what is zksync
ZKSYNC is a state-of-the-art layer 2 scaling solution for Ethereum and increases the efficiency through innovative use of ZK-gathering or zero information collection and reduces the process costs. It is a technology that processes a large number of transactions other than the main network of Ethereum and combines them in a single process. This consolidation is very important to reduce the load in the main Ethereum block chain, thus increasing scalability and maintaining the same level of safety.
In simple terms, ZKSYNC's approach involves taking multiple operations from the main chain, calculating most data out of the chain (layer 2) and storing it, and then saving only processed data into the main network of Ethereum. This method significantly alleviates the load on the basic Ethereum network.
Matter Labs, which was founded jointly by Alex Gluchowski and Alex Vlasov in 2018, pioneered the development of ZKSYNC. ZKSYNC 1.0, which offers fast and cost -effective transactions, released the 1.0 in June 2020. However, in this first version, EVM (Ethereum Virtual Machine) did not support smart contracts. The ZKSYNC 2.0, which deals with this problem, was released in October 2022 with improvements such as EVM compatibility and support for ZK smart contracts, and now points to an important evolution in the protocol known as ZKSYNC ERA.
ZKSYNC's functioning is based on zero evidence (Evidence of ZK), a password technique in which one side can prove to the other without any additional information. In ZKSYNC ERA, in ZK-Calpation scaling technique, it makes calculations out of chain using this technology and combines these operations in a single group. The operator then creates a zero information evidence for the validity of each party and sends it to the main network of Ethereum. This system allows the Ethereum nodes to confirm the accuracy of the collective process as a whole, rather than processing each operation separately.
ZKSYNC ERA, which further increased its capabilities, developed ZKEVM, which integrates EVM compatible and integrated zero information technology. This progress enables developers to easily carry existing Ethereum smart contracts and applications, and encourages a smooth transition to this more efficient layer 2 solution.
Layer 2 solutions such as Polygon, Optimism, Arbitrum and Immutable X also aim to scale Ethereum. Each provides unique approaches to improve scalability, safety, yield, usurping fees and functionality. Although not a single solution that covers everything, the collections like ZKSYNC strive to improve these features comprehensively.
In summary, ZKSYNC represents an important step in Ethereum's scaling efforts; Speed, cost efficiency and a sophisticated mixture of security, while at the same time maintains the basic values of Ethereum's decentralized management and user autonomy.
BENEFITS OF ZKSYNC
Hyper -scalingability
Improved Yield: ZKSYNC increases Ethereum's processing capacity above 14 transactions (TPS) over 2000 TPS per second.
ZK-ROLLUP TECHNOLOGY: Uses ZK-Rolus to collect multiple processes in a single group and significantly accelerates processing by allowing simultaneous verification of multiple processes.
Low -cost transactions
Main Network Processing: Procedures are processed outside the main Ethereum network and grouped for verification, so that the need for individual gas payments is reduced.
Appropriate Pricity: This collective processing method provides significant lower processing costs compared to traditional chain operations and makes ZKSYNC ideal for micro operations that have not been possible due to high gas fees.
Reducing network congestion
Out -of -chain processing: ZKSYNC effectively reduces the load in the Ethereum network by performing operations outside the chain.
It confirms faster: This increases user experience and efficiency, especially in periods of high network demand.
Safe and reliable transactions
Zero Information Provision System: ZKSYNC uses Evidence of ZK to verify transactions without releasing sensitive data and ensure privacy and security.
Resistance to threats: This method provides a safe and unreliable environment for transactions by providing protection against potential security threats.
In summary, ZKSYNC, Ethereum's scalability, cost efficiency, congestion management and security, bringing a transforming approach to the Blockchain technology and crypto currency processing as a critical solution to improve the transactions.
ZKSYNC's difficulties
The mechanism of consensus, which contains ZKSYNC's Byzantine Error Tolerance (PBFT) and the Authorized Stock Evidence (DPOS), is designed to increase the process rates in the Ethereum network. However, these mechanisms offer a precise balance between productivity and decentralization.
Reconciliation Mechanism: Safety and Centralization
Byzantine error tolerance (PBFT) and DPOS: These are an integral part of quick processing in ZKSYNC. While PBFT is known for its efficiency in achieving consensus even in the presence of faulty nodes, DPOS allows a more scalable consensus by transferring stock -based voting power to a fewer nodes.
Centralization concerns: The use of these mechanisms, especially the DPOS, can reveal potentially centralization elements. The reason for this is that a smaller group of node can achieve significant control on the network, which can compromise on non -decentralized and unreliable morality, the cornerstone of blockchain technology.
Wallet and Exchange Integration
Layer 2 Network Support: Layer Wallets and Stock Exchanges, ZKSYNC, such as layer 2 solutions are increasingly supporting. This integration is very important for a wider adoption and user convenience.
Synchronization Difficulties: When these wallets and stock exchanges are not fully synchronized with layer-2 networks, a potential problem arises. Users can accidentally send transactions to the layer-2 network when they want to trade. This misdirection may cause possible fund loss, as the layer-2 network may not recognize these operations.
User awareness and interface improvements: In order to reduce this risk, it is essential to develop user interfaces for a clearer network distinction and to increase the educational resources related to layer-2 networks. Wallets and stock exchanges may apply safety measures to warn users before performing operations that may be at risk.
As a result, while ZKSYNC provides significant progress in processing speed and efficiency for Ethereum, it is very important to carefully manage the balances between the risks of centralization and consensus efficiency. In addition, the 2nd layer such as ZKSYNC to ensure safe and uninterrupted interaction with networks improved wallet and swap support and user training is very important
ZKSYNC Sign
As of now, ZKSYNC has no local marker. However, there are expectations in the investor community about potential developments in this field, especially for the platform to use zero information proof systems.
Future Token Expectations:
Token for stinging and verification: The information found on ZKSYNC's official website proposes plans to introduce the tokens that investors can use for stinging and to participate in the ZKSYNC network as a verification.
The expected ZKSYNC Airdrop: The company also gave a clue to a possible AirDrop for ZKSYNC, which aims to reward its users and self -dedicated supporters. This Airdrop is estimated to have certain parallels with previous Airdrops, such as Optimism Airdrop.
Expectations of society:
User optimism: The ZKSYNC user base has been a great interest and optimism to these developments, especially since the details of the details on the official tokenomic page of the company.
Potential Effect on the Ecosystem: The introduction of a local token and the execution of an AirDrop may have significant effects on the ZKSYNC ecosystem and can potentially increase user participation and network participation.
Although ZKSYNC is not currently not a local token, there are strong indicators of stinging, network verification opportunities and future token attempts, including an AirDrop, and all of them create great interest among users and supporters of the platform.
DAPPs in ZKSYNC
ZKSYNC ecosystem is experiencing a significant growth. This expansion is currently proved by the operation of more than 100 projects in ZKSYNC, which emphasizes the increasing impact and potential of ZKSYNC in the Blockchain field. An overview of some important decentralized applications (DAPPs) using ZKSYNC technology:
Curve :
AMM Pioneer: Curve, known for making the automatic market -maker (AMM) model popular, has expanded its services to ZKSYNC.
TVL comparison: Although Curve's total value locked in ZKSYNC (TVL) is lower than other blockchain protocols, the presence of the platform refers to the increasing recognition and growth potential of ZKSYNC.
Zigzag:
Non-central stock exchange: Zigzag operates as an unattended order book exchange on ZKSYNC and uses ZK-RoluP technology for spot trade.
Token Swap and Trade: Investors can swap the token without any extra fees or hazards thanks to ZK-proof technology and enter the spot trade directly from their wallets.
Workability: Zigzag applied a bridge to facilitate uninterrupted connections between ZKSYNC and Ethereum block chain.
Annual Finance:
Investment strategies in ZKSYNC: Initially popular in Ethereum Blockchain, Yearn Finance expanded its investment strategies on various platforms including ZKSYNC.
Accessibility through wallets: Users can access Yearn Finance's return platform through Argent, a wallet provider on the ZKSYNC network.
Receiver Protocol:
DAO -Based Platform: The take -off protocol is a decentralized autonomous organization focused on providing a liquidity frame for crypto currencies, synthetic beings and NFTs.
Various Financial Services: Crypto lend and support various activities such as NFT lending and leasing.
Quiet.io:
DAO-Oriented AMM: Mute.io works as an automatic market-maker stock market, IDO and agricultural protocol that uses ZK-ROLLUP technology.
Advanced Speed and Privacy: The platform offers rapid transactions and eliminates typical gas fees and also increases privacy through ZKSYNC technology.
A wide variety of DApps working on ZKSYNC, from AMMs such as Curve and Mute.io to investment platforms such as year to investment platforms and liquidity providers such as the Jail Protocol, show the versatility and strength of the ZKSYNC ecosystem. This growing network not only increases transaction efficiency and reduces costs, but also expands opportunities in the defi field.