Before we can understand zkBNB, we must first understand zk Rollups or zero knowledge Rollups.
What is zk(zero knowledge) Rollups?
ZK Rollups is a Layer-2 solution that performs all calculations and state changes off-chain, i.e. on a sidechain. With this design, a description of the alterations, as well as specific cryptographic proofs proving their authenticity are posted to the Mainnet later.
What is zkBNB?
ZkBNB is based on the ZK Rollup architecture, which bundles hundreds of transaction
XRP's Awaited Triumph Over SEC: A Potential Catalyst for a Mega Bull Run?
The ongoing #Ripple vs #SEC lawsuit has been a hot topic in the dynamic world of cryptocurrency. With the case nearing its conclusion, the anticipation within the crypto investing community is palpable. This lawsuit garnered significant attention due to the implications it had for XRP, which was a highly sought-after investment before the market downturn in 2022, which saw it lose more than 70% of its value.
Despite this setback, XRP has shown resilience as the markets have started to recov
Total Value Locked (TVL) is the total value of assets locked in a DeFi protocol like staking, yield farming, and lending collaterals. TVL has been used to assess how useful and popular the entire DeFi ecosystem or a specific project is. It can also be used as an indicator for general DeFi market circumstances. This post will explain what TVL is, why it is essential, and how to apply this helpful indicator.
What is TVL?
To begin, the decentralised finance (DeFi) ecosystem is built on the blockc
#Ethereum has reached the bottom of the bearish channel and the $1,570-$1,550 support. If the support is maintained, we expect the price to rise to the top of the channel, and if the support is broken, we expect the price to drop to $1460.
The rate at which the Ether supply is deflating recently reached its highest level of the year. On Wednesday, the Annualized EIP-1559 #Burn Rate surpassed the #ETH Issuance Rate by 1.425%, the most since a quirk last May where the deflation rate rose above 17% for just one day.