I heard about a potential airdrop for zkSync which led me to test out numerous platforms and bridges on the network. I sent around 0.1 ETH ($200) to play around with the dApps and spent around $40-$50 total in gas, which is MUCH lower compared to Ethereum Network.
Here are a few platforms I used to hopefully qualify for the zkSync airdrop:
In order to understand the revolutionary concept behind zkSync, it's essential to know the fundamentals of Zero-Knowledge technology, so in this category, the primary focus will be on the idea of ZK and why it is crucial in the context of zkSync.
*Historically, privacy was almost implicit, because it was hard to find and gather information. But in the digital world, whether it's digital... More
Navigating the Blockchain Traffic: My Fun Take on zkSync!
Imagine Ethereum is like a super busy highway. Right now, there are so many cars (transactions) that the highway gets jammed (high transaction costs and slow speeds). What if we could create a super speedy express lane to make things faster and cheaper, without risking any accidents? Well, that's what zkSync is trying to do!
The "zk" in... More
Personally, I think ZK tech can revolutionize not only the crypto industry, but many other fields as well. ZkSync is one of these frontiers.
The protocol leverages Zero-Knowledge proofs to ensure secure and cost-effective transactions on Ethereum. By utilizing cryptographic validity proofs, zkSync provides the same level of security as Ethereum while reducing fees and increasing scalability. It... More
There are two main types of rollups: ZK rollups and Optimistic rollups. ZK rollups use zero-knowledge proofs specifically, SNARKs (Succinct Non-Interactive Argument of Knowledge) to verify the validity of transaction batches, while Optimistic rollups assume the validity of off-chain computations unless proven otherwise with fraud proofs.
ZKsync being a ZK rollup solution, offers several features... More
zkSync’s parent company Matter Labs has raised over $450 million including a $200 million ecosystem fund to foster zkSync’s adoption. With this amount of capital and a bad ass team behind it ZKsync could end up well being the layer 2’s of all layers 2’s.
zkSync is basically a user-centric ZK rollup solution on Ethereum that offers unparalleled scalability. Unlike other scaling strategies, ZK... More
A privacy project on Ethereum makes zero sense.
If you want privacy, then Ethereum is not the place to build a project. Since it's a public blockchain, at least some account and transaction information will become public. Even if the details of transactions are shielded by zero-knowledge proofs, purchasing of the tokens and the gas fees will always leak information. So if there is only partial... More
I would love to write a long review for zkSync marketing but initially, I think they did a simple yet effective job on their marketing. After the whole ARB airdrop, people began hunting for the next project that will provide an airdrop.
I heard about the potential airdrop from a few places like Twitter, Discord and IRL which made me instantly dive deep into the zkSync network. Whatever zkSync... More
From what I can gather, if things continue to progress positively, zkSync might just become the next big thing after Arbitrum and Optimism. Exciting times ahead!
Enjoy mainnet-like functionality without relying on third-party services. Send and receive ETH and ERC-20 tokens on Layer 1 (L1) with instant confirmation in under 10 minutes. Fees are significantly lower than the mainnet. No... More
The primary objective of this review, concerning zkSync, is to describe the correlation between network activity and the potential distribution of a future token(retrodrop).
At first glance, deposit and on-chain activity on the network has been exceedingly high since the main net zkSync Era's launch, a mere two weeks ago. Every day, new and existing projects are deploying their contracts on the... More
Definitely a project to keep an eye out, likely to undergo some airdrop for early adopters. Technologically speaking, it's a breakthrough, I'm concerned about the regulatory aspect.
zkSync, and all Zero-Knowledge proof blockchains will suffer regulatory issue unless they combine both privacy but some sort of censorship to prevent criminal activities. This is a difficult problem to solve as... More
zkSync, developed by Matter Labs, is a relatively new player in the Ethereum Layer 2 scaling solution landscape. Its community, while smaller compared to longer-established projects, is growing and characterized by a keen interest in Layer 2 scalability, privacy, and efficient transaction processes.
The zkSync community is highly tech-centric, with a strong focus on development, innovation, and... More
A scaling solution for ETH... another one... Yes! ETH alone won't be able to do what is needed, so they need a second layer to do the hard work... (I kind of want to give all ETH L2 an instant 1-star as I think we are settling too early on tech that isn't functional on a large scale). But I have to be open to solutions instead of focusing on the problem...
Some of the issues that zkSync is... More
As of the time of writing, Zksync has achieved an impressive milestone of reaching 1 million followers on Twitter. Their Twitter account is highly regarded within the crypto community and is followed by major cryptocurrency accounts. Zksync has been actively retweeting announcements from promising projects that are deploying on the ZK network, generating significant discussion and interest among... More
zkSync is an open source project that is being developed by parent company Matter Labs. Matter Labs specializes in making crypto payments cheaper and to scale smart contracts within the sector.
The Zksync supported and backed by some hugely experienced and renowned industry companies and ventures such as Curve, Coinbase, Binance, a16z, Placeholder, Dragonfly Capital, BitDAO, Ethereum Foundation... More
zkSync is a layer 2 blockchain on Ethereum that eliminates it's inherent congestion via Zero-Knowledge proofs to offload its network traffic and reduce transfer fees.
Zero-Knowledge proofs are extremely cost effective as compared to Optimistic Rollups due to the almost instant finality, and making the assumption that all transactions are good unless challenged.
With the emergence of zkEVM... More
The Concept.
zkSync is taking industry by storm. A project powered by Matter Labs.
The team is building the future-proof zkEVM.
zkSync Era is a Layer-2 protocol scaling Ethereum with ZK tech, but what is ZK, zkEVM, zkSync and zkRollups?
In simple terms Zero Knowledge is the case when you say (the prover) say you have something to someone(the verifier) without revealing any additional... More
A TVL of $193M+ reflects a significant amount of value locked within the ZkSync ecosystem, indicating a considerable level of engagement and investment.
ZkSync's on-chain activity can be evaluated by assessing the number and frequency of transactions being processed. A higher transaction volume signifies a bustling network with numerous users actively utilizing ZkSync's services and... More
The best tokenomics you can have, no tokens ! at least not yet, it might change in the future as they do want to move into a decentralised control over the development of the blockchain so like a DAO, but this can be handled on many different ways and doesn't always require a token.
Currently the team is holding full control over this which makes it a centralised blockchain, they can even... More
zkSync it's got a nice ring to it. They have an ambitious vision for the future of blockchain technology. I've currently tested zkSync Era to acquire one of the first NFT projects zkPengz which I will mention in the on-chain review! There is also a potential airdrop for early users. Something definitely to test if true!
The layer 2 scaling solution is designed to improve the speed and efficiency... More
zkSync Layer-2 protocol that scales Ethereum with cutting-edge ZK tech.
