zkSync (ZK) is an innovative Layer 2 scaling solution for Ethereum, designed to enhance the blockchain’s transaction throughput and reduce fees. Launched in 2020 by Matter Labs, zkSync employs zero-knowledge rollup technology, allowing thousands of transactions to be processed off-chain while maintaining the security and decentralization of the Ethereum mainnet. By aggregating multiple transactions into […]
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- zkSync’s 2024 forecast predicts a peak at $0.25, suggesting a steady increase.
- By 2025, zkSync could reach $0.40, continuing its upward momentum.
- In 2040, zkSync might achieve a high of $146.52, indicating strong long-term growth potential.
zkSync (ZK) is an innovative Layer 2 scaling solution for Ethereum, designed to enhance the blockchain’s transaction throughput and reduce fees. Launched in 2020 by Matter Labs, zkSync employs zero-knowledge rollup technology, allowing thousands of transactions to be processed off-chain while maintaining the security and decentralization of the Ethereum mainnet.
By aggregating multiple transactions into a single proof, zkSync ensures that Ethereum’s capacity constraints are alleviated without compromising on security or decentralization.
The core technology behind zkSync is its utilization of zk-rollups, which bundle numerous transactions together and generate a cryptographic proof that can be verified by the Ethereum blockchain.
This approach lowers gas fees and accelerates transaction speeds, making it an attractive option for both developers and use…
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