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imToken and Matter Labs join forces to support zkSync

Rock on Roll 🤘 Officially announcing native support for zkSync in our imToken wallet app

About zkSync

zkSync is a Layer 2 (L2) scalability solution launched by the European team Matter Labs. It is based on the ZK Rollup architecture and can not only achieve VISA-level throughput of thousands of transactions per second (TPS). Each rollup the state transfer zero-knowledge proof (SNARK) generated by the block can also fully guarantee the security and privacy of the funds on the chain and the Layer 1 (L1) account. Compared with similar expansion solutions, the withdrawal speed only takes about 10 minutes. These features have attracted the attention of the community to zkSync, gradually becoming one of the highly anticipated expansion plans for Ethereum.

Wallet + Layer2

Since the rise of DeFi in 2020, high miner fees, and network congestion problems have plagued the community. The miner fees of hundreds or even thousands of Gwei make people in the Ethereum community feel that infrastructure has become the biggest bottleneck for ecosystem development. Therefore, the Layer 2 expansion plan has become a goal that the community has high hopes for.

Starting with zkSync

There are a large number of Layer 2s already. We have been paying close attention to this area since 2020. After a long time of observation and internal discussions, we finally decided to start with native support of zkSync.

About imToken

Founded in 2016, imToken has served millions of users and exchanges billions. While users come from throughout the world, the company headquarters are in Singapore with offices in Hangzhou, Taiwan and the US. The imToken wallet app and Tokenlon DEX show the passion for building secure yet user-friendly products. With those goals in mind imToken makes sure to stay a leader in the space.

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