ZK/EUR - zkSync/Euro

About zkSync

zkSync is a layer 2 scalability solution for Ethereum that uses zero-knowledge proof-based rollups (zk-rollups). This technology allows processing thousands of transactions per second securely and at a significantly lower cost compared to transactions on the Ethereum mainchain. zkSync achieves this by aggregating multiple transactions into a single cryptographic proof, thereby reducing the overhead and costs associated with each individual transaction. In addition, zkSync is fully compatible with Ethereum smart contracts, making it easy to integrate existing decentralized applications (dApps) without requiring substantial modifications. The security of zkSync is backed by the cryptographic guarantees of zero-knowledge proofs, ensuring that all transactions are valid without revealing private data. This not only increases efficiency, but also maintains the robustness and decentralization inherent to Ethereum. zkSync offers fast transaction confirmations, making it an attractive option for developers and DeFi users looking for an improved and more cost-effective user experience. In summary, zkSync is an innovative solution that addresses Ethereum's scalability challenges without compromising security or compatibility with the existing ecosystem.