Name : zkSync (ZK)
ZK Price : $0.04200 +7.64%
Consensus Mechanism : Token
Volume: 69,650,500
Market Cap: 374,929,302
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Last Screening: Q2 2024
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Overview
zkSync is a solution that helps Ethereum scale by processing transactions off-chain and bundling them into cryptographically secure "rollups" that are then posted back to the Ethereum mainnet. This approach allows for much lower fees and faster transaction speeds while still inheriting Ethereum's security and decentralization. It uses cutting-edge zero-knowledge cryptography to validate transactions without revealing sensitive data. With zkSync, developers can easily port their Ethereum dApps to enjoy scalability benefits without sacrificing core properties.
Whitepaper & Documents
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