I won’t talk about the market today, because investing in the right project will make you much more money than investing in the secondary market. Today I will introduce to you a project that can affect the price of ARB and surpass ARB when it goes online:
zkSync（ZKS）
The airdrop spree of Arbitrum, the leader of Layer 2, has passed for some time. Affected by the airdrop sentiment, a large number of interactive users with airdrop expectations have poured into all Layer 2 ecological tracks, and the most popular among them is zkSyns. But airdrops are not 100% guaranteed, so read on.
First of all what is zksync?
zkSync is an Ethereum Layer 2 expansion solution launched by Matter Labs in 2019. Alex Gluchowski, the founder of Matter Labs, was an early Plasma researcher at the Ethereum Foundation (Plasma is a relatively early-stage expansion solution) and founded it in 2018. Matter Labs and zkSync have received investment from many well-known VCs such as a16z and Dragonfly.
The current number of transactions that Ethereum can process per second (TPS) is about 15. The current transaction volume is the optimal solution (Impossible Triangle) made by the Ethereum network considering the degree of decentralization and security. Based on the current Technology cannot increase the volume of transactions per second under the same conditions in the short term, so some people have proposed processing and executing transactions on the second layer (Layer 2), using Ethereum as the settlement and security protection layer. This design is also more in line with the current financial system. According to the settlement structure, the central bank will not record or execute the transactions of each bank to users, but each bank will handle it on its own. The central bank is only responsible for the final settlement, so the current Layer 2 solution is also regarded as the problem faced by Ethereum. Solution for large-scale user use.
As far as the development stage is concerned, zkSync has achieved the "scalable payment" and "smart contract" goals in the roadmap. Now the official focus is on upgrading version 2.0 (still in the test network stage), focusing on "smart contracts" and "composability". ” attempt should lead to more efforts and improvements.
In the future, zkSync will gradually unlock the "privacy" and "decentralization" stages. The ZK (zero-knowledge proof) part of ZK Rollup has natural advantages in privacy protection, and zkSync can release these features. Decentralization means that Matter Labs removes control of zkSync.
ok After reading the introduction of the project, let’s take a look at how it can truly solve the technical problems that ARB and OP cannot currently solve:
Ethereum is the most used and trusted chain in the crypto ecosystem. Since it has thousands of dApps and DeFi protocols, it has managed to surpass all other chains. Ethereum is also known for its security and decentralization, but unfortunately, it suffers from the common blockchain trilemma of being able to achieve only two aspects.
To solve Ethereum's scalability issues (speed and transaction costs), many Layer 2 protocols were built on top of the chain in an attempt to scale it.
Founded in 2019, zkSync is one of the contenders on this track, and it has one goal: to bring
Mass adoption. To this end, zkSync uses zero-knowledge aggregation technology to improve transaction throughput, cost, and privacy. Currently in its second version, zkSync stands out through features such as low transaction costs (a few cents per transaction) using ZK SNARK technology, security benefiting from the security of Ethereum, and decentralization.
zkSync also offers interoperability thanks to its V2 launch in February 2022, making it the first EVM-compatible ZK-Rollup, an achievement that should have taken several years. The protocol is not yet fully deployed in order to continue improving and testing the technology as much as possible before going fully live. The mainnet is actually in Baby Alpha, which is a period where the team is testing the chain with real assets and funding.
To stand out from other chains, zkSync focuses on 5 main Ethereum-related attributes such as:
as a universal protocol
EVM compatibility (Solidity language support)
Gas paid in ETH
Open source and decentralized
By focusing on these 5 elements, zkSync aligns with the goals of not only the Ethereum community, but the market and crypto as a whole. To bring innovation, the chain is also looking to build tools for mass adoption, such as account abstraction, which will reduce the complexity for users to get started. Also part of the project is Layer 3, a new way of building and communicating across chains that is centered on both privacy and scalability.
This is the key point why Buterin and the Ethereum team are optimistic about the zkSync (ZKS) project. Let me ask you, are you awesome?
Let’s take a look at zkSync’s financing
Since 2018, zkSync has had the opportunity to raise funds through 5 rounds of funding. A total of $258 million has been raised from the largest investors, venture capital and investment firms, plus $200 million in funding commitments from BitDAO. Such an amount guarantees sufficient funds to develop projects and infrastructure, while also making it the most funded Layer 2.
The most notable ones come from:
$200 million Series C in November 2022 led by Dragonfly and Blockchain Capital
Received US$200 million in committed funds from BitDAO in January 2022
$50 million Series B in November 2021 led by a16z
February 2021 $6 million Series A led by Union Square Ventures
$2 million seed round led by Placeholder in September 2019
Why do you dare to say that zkSync (ZKS) can surpass arb op?
Do you think I just shout slogans?
ZKSYNC is one of the four kings of Ethereum's second-layer protocols along with arb, op and Sta. ZkSync is the L2 project that V God, the founder of Ethereum, is most optimistic about. We have mentioned above why V God is optimistic about this.
Zkync uses Zk technology as its l2 solution. The first point of Zk technology is that it is very technically difficult, and it solves technical problems that cannot be solved by arb and op. It is also the most promising solution for V God and the Ethereum trial team.
Arb is currently considered the most complete L2 side chain of Ethereum, but zkync will use Zk technology as a breakthrough to become the next leader in Ethereum's second-layer protocol solution to surpass arb!
zkSync Era of Ethereum’s second-layer expansion solution developed by Matter Labs
∎The mainnet is officially launched and open to users, and users are reminded that zkSync Era can now be used on the official website
∎ Cross-chain bridges (the last trend weekly review published by Web3Caff Research has further commented on this). As Ethereum’s first zkEVM mainnet, zkSync Era
∎ Since its launch, in just one week (as of April 3), according to Dune Analytics, its TVL has reached US$100 million, with over 260,000 addresses and zkSync Era
∎Interaction, a total of 63,874 ETH were transferred across the chain to the network, and the first batch of ecological projects such as Derivio, SyncSwap, Velocore, and veSync were also born. Of course, zkSync Era
The launch timing of ∎ is also very lucky. First, the market sentiment caused by Arbitrum has just begun. At the same time, it has preempted Polygon zkEVM and became the first zkEVM mainnet on the ZK Rollup track, which has attracted more market attention.
Point two: Matter Labs, the parent company of Ethereum scaling protocol zkSync, raised $200 million in Series C funding. Blockchain Capital and Dragonfly led the investment, with participation from LightSpeed Venture Partners, Variant and Andreessen Horowitz (a16z), which led a previous $50 million Series B round. Matter Labs did not disclose a valuation. This financing brings Matter Labs’ total funding to $458 million (including $200 million in ecological funds). It is also the side chain with the most financing for the second-layer protocol of Ethereum, far exceeding arb and op!
Going online beyond arb is also very simple for ZKSYNC!
More than 200 projects currently on zksync – including Chainlink, SushiSwap, Uniswap, Aave, Argent, 1inch, Gnosis and Curve – have registered interest in deploying on the zkSync Era.
Investment agency
To sum up, ZkSync is a very promising project that is expected to become an important part of the Ethereum ecosystem and make a positive contribution to the development of the blockchain industry.
The four kings of L2 have reached the second place. They missed OP and ARB. They must not miss ZKS this time.
The current docking has corresponding quotas, and it is relatively advantageous in all aspects. The key point is not to lock up the position! ! !
Today’s article ends here. If you think it’s well written, you can follow it and read~