2024-05-18
On May 17, 2024, zkSync posted on X that the
upcoming release of v24 is the final planned protocol upgrade needed before
handing over network governance to the community.
zkSync makes a hint that zkSync token
airdrop could happen in June. In a post on X zkSync was saying that quoted, “The remaining missing pieces are
expected to be in place by the end of June”.
zkSync token could have market cap on
par with that of Starknet’s STRK token. STRK token currently has a market cap
of $853 million.
zkSync is a Layer-2 scaling solution
for Ethereum, utilizing zero-knowledge proofs to enable secure, fast, and
low-cost transactions.
It's designed to address the
scalability issues of the Ethereum network, allowing for higher transaction
throughput without compromising on security or decentralization.
With zkSync, users can access to
decentralized applications. The protocol stands out by not only increasing
Ethereum's throughput but also by preserving its core values such as
self-sovereignty and decentralization. This is achieved through the use of
cutting-edge ZK technology, which ensures trustlessness and security.
Moreover, zkSync sets a goal to become
a hyperscalability blockchain, aiming to process an unlimited number of
transactions akin to the scalability of the internet.
This vision is supported by the ZK Stack, which is a set of tools and protocols that facilitate building on zkSync.
The ecosystem around zkSync is robust,
with over 200 projects expressing interest in deploying on the platform,
including major players like Chainlink, Uniswap, and Aave.
zkSync the main blockchain of zkSync
ecosystem currently had $141.6 million total value locked.
This collective effort is pushing the
frontier of what's possible with Ethereum and ZK technology, shaping a new era
for user experience in the web3 space.
