zkSync

Scalable for Ethereum Blockchain

zkSync is a Layer 2 scaling solution for Ethereum, designed to address the scalability and transaction cost issues faced by the Ethereum network. It uses zero-knowledge proofs to enable fast and secure transactions while minimizing gas costs.

The way zkSync works is by using a system of state commitments and zero-knowledge proofs to verify transactions off-chain. Transactions are batched and verified in a single proof, reducing the number of on-chain transactions and minimizing gas costs. This makes it possible to process up to 2,000 transactions per second on the zkSync network, compared to the 15 transactions per second currently possible on the Ethereum mainnet.

zkSync also offers instant finality, which means that transactions are confirmed as soon as they are submitted and cannot be reversed or cancelled. This makes it ideal for applications that require fast and secure transaction processing, such as decentralized exchanges, payment systems, and gaming platforms.

In addition to its scalability and security features, zkSync is also highly interoperable, supporting both ERC-20 and ERC-721 tokens, as well as cross-chain transfers. This allows developers to easily build decentralized applications and services that can interact with other blockchain networks.

Overall, zkSync is a promising solution for improving the scalability and usability of Ethereum, and has the potential to enable the widespread adoption of decentralized applications and services.