ZKsync

What is ZKsync?

ZKsync is a scalable, verifiable blockchain network secured by mathematical principles. It utilizes Zero-Knowledge (ZK) rollups and validiums to provide high performance and modularity, allowing for increased transaction volume without additional hardware requirements.

ZK Chains

• The network of ZK chains on ZKsync offers high performance and scalability, able to expand and adapt to growing transaction needs.
• These ZK chains are modular rollups and validiums that provide frictionless interoperability.
• They facilitate seamless communication and asset transfers between different chains, maximizing user base and liquidity across the ZKsync network.

User-Centric Design

• ZKsync provides a user-friendly experience with secure one-tap onboarding using FaceID or passkeys, eliminating the need for seed phrases and reducing the risk of hacks.
• The protocol automatically creates modular smart accounts, simplifying access to the ZK chains and allowing users to interact effortlessly with the entire ecosystem from a single, customizable account.

ZKsync Era

• ZKsync Era is a Layer 2 ZK rollup on Ethereum that offers low-cost, scalable transactions by performing computations off-chain.
• Transactions are bundled into batches, and validity proofs are generated on Ethereum, ensuring security equivalent to the main chain.
• It supports Ethereum’s standard Web3 API and allows for seamless smart contract interaction in a familiar environment with the same developer tools and frameworks.

Developer Experience

• ZKsync Era provides a developer experience similar to Ethereum, supporting Solidity and Vyper for smart contract development.
• It uses custom compilers, zksolc and zkvyper, and is compatible with existing frameworks like Hardhat and Foundry, along with popular libraries like Ethers and Viem.
• The Web3 API ensures compatibility with most developer tools, facilitating smooth migrations and project development on ZKsync.

Other Projects in the ZkSync Ecosystem

• Domani Protocol: a versatile asset management platform that simplifies digital asset investment and management.
• Nodle Network: a decentralized network using smartphones to connect devices, data, and humans.
• Grai: an ETH-centric Borrowing Protocol for LSTs and Yield-Generating assets. GRAI is the debt token of the platform.

ZKsync Price Analysis

As of December 25 2024 ZKsync has a marketcap of $755M. This is {{percentagefromath}} from its all time high of $0.320983. In terms of its tokenomics, there's a total supply of 21B with 18% currently outstanding. Keep in mind ZKsync has a fully diluted value of $4.3B which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude