zkSync Ecosystem is it the future of Ethereum Layer 2?

zkSync is a secure layer 2 scaling solution built on Ethereum that uses zero-knowledge rollups to support fast transactions on its network while guaranteeing a high level of security.

Solution 2 is discovered outside of Ethereum’s congested main discovery network, using the network’s security layer for potential verification only.

rollups bundle computing resources and pool them together, saving time and money.

Zero knowledge requires transactional confidentiality, masking the details of the growth without reducing the severity of the growth.

The main network of zkSync Era was launched on March 24, 2023, which kicked off the activity on the network.

zkSync Era is expanding rapidly with over 10 protocols and a $55.5 million TVL. The main ones now are DEX SyncSwap and Mute.io.

zkSync uses zero-knowledge rollups to improve the scalability of Ethereum, offering users faster transactions and lower fees. This is an ideal solution for exchanges, it has built-in NFT support and also supports smart contracts.

In zkSync Era, apart from DEX, there are other projects such as Mint Square, an NFT marketplace.

Matter Labs (the parent company of the zkSync project) has raised more than $250 million in financial support through four funding rounds from renowned venture capitalists, including A16, Binance and Consensys.

About 4 years of development to launch the main zkSync network — Era. This marks the beginning of public access to the zkSync Layer 2 network, as well as the first publicly launched zkEVM. Join!