What is Zklink (ZKL) Coin and How to Buy It?
zkLink: is a multi-chain aggregation infrastructure based on zero-knowledge technology. In this article, we will answer the questions of what is Zklink (ZKL) Coin and how to buy it.
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What is Zklink (ZKL) Coin?
As the blockchain space evolves rapidly, the number of layer 1 blockchains such as Ethereum, Solana, Avalanche is increasing, and there are Ethereum layer 2 scaling solutions including ZK-Rollups and Optimistic Rollups, where users navigate between different L1 chains and L2 aggregations.
Despite this multi-chain, multi-layered landscape creating significant value for crypto users worldwide, it has also brought unforeseen challenges. These challenges include liquidity silos dedicated to specific chains, increased trading costs for multi-chain assets, fragmented user experience, and a complex application development environment.
Liquidity Fragmentation
The rise of various new blockchain and aggregation networks has led to fragmented liquidity. As a result, this liquidity fragmentation makes it difficult for users to manage their assets and conduct cross-chain transactions, resulting in lower capital utilization rates.
The Challenge of Multi-Chain Product Distribution
As Ethereum Layer 2 ecosystems and alternative Layer 1 chains continue to grow, they create liquidity silos. Therefore, developers need to distribute their products across various networks to attract users and liquidity. However, different programming languages and tools such as EVM, CairoVM, and Solana VM present notable challenges to developers. Even fully compatible protocols such as multiple EVM compatible chains (Aggregations) have many subtle differences.
Navigation Complexity and High Cost
Previously, users found it difficult and expensive to navigate between blockchains; for example, exchanging tokenA on chain A with tokenB on chain B via a DEX. It turns out that this procedure is quite complicated and requires multiple fees.
- First, it requires setting up a wallet and purchasing the gas token for the B chain.
- Users then need to exchange tokenA for a stablecoin or another intermediary token that can be connected to chain B.
- Users then need to purchase tokenB on a local DEX.
The emergence of numerous cross-chain asset bridge applications has improved this experience to some extent. However, the cost of cross-chain token exchange remains high, and users still struggle to conduct affordable and seamless token interactions between different chains.
Security Risks During Cross-Chain Transactions.
Maintaining asset security poses a formidable technical challenge in cross-chain transactions. For example, in recent years, cross-chain asset bridges have become one of the most susceptible components to attacks in the crypto ecosystem.
zkLink It leverages zero-knowledge proof technology to provide an Application Aggregation deployment solution with high throughput, low cost, and robust security.
Leveraging the potential of zero-knowledge proof technology, zkLink X has key functions as follows:
- Multi-chain liquidity aggregation between L1 blockchains and L2 aggregations.
- Fast multi-chain product deployment with SDKs and APIs.
- A trade-specific zkVM that powers a high-throughput, low-cost Application Aggregation solution for high-performance financial applications such as Order Book DEX
How to Buy Zklink (ZKL) Coin?
You can follow the steps below to buy Zklink (ZKL) coin;
- Sign Up for Trading Here
- Find the ZKL/USDT trading pair.
- You are ready to buy and sell.