🔑The Key Of zkTube Protocol & Why You Must Know And Follow This Project!!!💸
We try to look back at history!
Before there was a major overhaul in the history of the cryptocurrency world, we had known the blockchain system in ethereum using 1.0 and it turned out that it was very attractive for developers to build new applications and develop them under the ethereum 1.0 system, based on consensus and security made the application who use the system to be strong in terms of security.
However, along with the development of technology in the blockchain system as a whole, there are many complaints that occur in the Ethereum 1.0 system, one of which is high delays and high GAS costs being the biggest obstacle to its growth.
While the deployment of Eth2.0 is still taking several years to complete, and the scalability improvements underlying Ethereum have yet to be tested, a Layer2 capacity expansion scheme has been proposed at the right time.
By transferring some of the workloads in the network system to another network, with layer2 it is hoped that there will be an opportunity to quickly realize people’s expectations for low fees on the Ethereum system, of course very fast delivery without very long delays, and user experience the good one.
Future Vision on L2
After we know a little history about the Ethereum 1.0 system, Layer 2 is one of the hopes for the future in the system which is expected to be easier to run the system than before.
Under people’s expectations, zkTube protocol launched testnet last April 27, so far the system is running normally. Meanwhile, the technical team also continues to optimize various data and functions, solve various problems when testing is complete, and continue to update the latest version to improve the stability and performance of other systems. The project mainly adopts ZK-Rollup + Plunk to provide a Layer 2 expansion solution for the Ethereum network.
Currently, the circulation of ETH at Layer 1 and Layer 2 has been completed. It includes functions like Deposit, Transfer and Withdraw. Furthermore, the team will mainly improve system stability and user experience, and functions such as faucets, native tokens and mainstream ERC20 support will also be launched in the near future.
What is ZkTube Protocol?
ZkTube is a Layer 2 protocol based on K Rollup (a Layer 2 capacity expansion scheme with zero-knowledge proof). In terms of token trading under the ERC20/ERC721 protocol, of course, this system is expected to greatly reduce transaction costs, and achieve throughput 200 times that of Layer1, with a TPS of up to 3000+.
ZkTube will be a satisfactory solution for application scenarios with higher requirements on transaction delivery, timeliness, and high throughput Dapps. As one of the most common Layer 2 scaling solutions, zkTube has received attention from all sides initially.
Currently, more than 13,000 early adopters worldwide have participated in the zkTube testnet to experience the Deposit function,and more function.
You can watch this video for more information about zktube protocol
Zktube is SOLUTION for You!
The vision of the zkTube protocol is to create a Layer 2 cross-rollup solution based on the ZK-Rollup architecture, a world first. This means that the zkTube Labs technical team needs to acquire the most advanced and highly skilled technology to support the system.
Testnet is used as a polishing process before the mainnet launch, one of its biggest goals is to find and solve as many problems as possible, to ensure smooth and user experience and mainnet developer environment. This is the biggest driving force for the team.
Through several months of exploration by the team, the technical team as well as the participants following the testnet have made significant progress in research during the cross-rollup program.
ZkTube uses intermediate conversion media to enable smart contracts in one rollup to interact with smart contracts in another rollup, because in-app data can be realized in circulation between cross-rollups, such as cross-rollup dex, cross-rollup NFT application scenarios, etc. In addition to the concept of innovation, the technical team will conduct more experiments and continue to demonstrate cross-rollup solutions.
Features Of ZkTube Protocol
Faster transaction
The zkTube protocol can be migrated from L1 to L2 in stages, because everything will need a process to run it. Thus all assets can be transferred efficiently capital in L2 and L2, so that all networks will be faster with lower costs.
High security
All users are ensured to have a high level of security so that their assets are always under the user’s own control, so that everything becomes more transparent without any intervention from anyone.
Highly scalable
zkTube supports highly scalable decentralized payments by processing thousands of requests off-chain scalable up to VISA 3000+ TPS, and transfer fees are only in US cents, but the security level is the same as Ethereum’s mainnet.
Future Vision
In the long term, the zkTube protocol supports a wide range of applications built on ERC721 and Web 3.0, as well as providing a wallet as an entry point to enterprise-scale decentralized scenarios.
This concentration and friendly development environment will enable more developers and users to use the zkTube protocol for research, thus enriching the zkTube ecosystem. Other than launching the mainnet very shortly, the zkTube Labs team will also launch PayTube Wallet, the first decentralized super wallet developed under the zkTube protocol.
The wallet allows users to conduct transactions and transfers of ERC20 tokens, providing efficient, smooth, low-cost user service and quality experience. Superior characteristics: the first phase has already achieved TPS 3000+, and the transfer fee is in US cents only, but the security level is the same as the Ethereum mainnet.
On this basis, the zkTube Labs team is working on a newer extension solution to improve TPS. Right now, the team has tried to coordinate all provers to improve the processing speed of all provers per second and shorten the proof time as much as possible.
According to preliminary estimates of zkTube Labs, this scheme can achieve a staggering TPS 20,000+. It is conceivable that with the launch of the zkTube mainnet and PayTube wallet, the ETH Layer 2 ecosystem around zkTube will become more and more mature, with great prospects for future development.
Readmore information
- Website Official : https://zktube.io/?utm_source=bountybttarteezyrtx
- Facebook : https://www.facebook.com/zkTube.official/
- Twitter : https://twitter.com/zktubeofficial
- Telegram : https://t.me/zkTubeProtocol
- Medium : https://zktube.medium.com/
- Discord : https://discord.com/invite/Z6Hdz3Bu25
