MMA_CryptoJan 10, 2022
zkSync is a trustless protocol for scalable low-cost payments on Ethereum. It uses zero-knowledge proofs and on-chain data availability to keep users' funds as safe as though they never left the mainnet.
While security is the paramount priority, user and developer experience are central to zkSync design. ZK Sync seeks out improvements that eliminate friction and complexity in order to make it the most enjoyable platform on Ethereum, for both end-users and builders.
Problems zkSync solves
Gas fees on Ethereum exceeds over 50m per month! With zkSync these costs can be reduced to a small fraction.
The rise of DeFi opens many more interesting use cases. zkSync is here to unlock Paypal-scale for your project.
zkSync features
- Mainnet-level security with zero reliance on 3rd parties
- ETH and ERC20 token transfers with instant confirmations and 10-minute finality on L1*; seesupported tokens
- Ultra-low transaction fees (~1/100th of mainnet costs for ERC20 tokens and ~1/30th for ETH transfers)
- No registration is required to receive funds
- Payments to existing Ethereum addresses (including smart-contracts)
- Fees conveniently payable in the token being transferred
- Withdrawals to mainnet in ~10 minutes*
- Multisig (opens new window)support
- Permissionless smart contracts (coming soon)
Source:
MMA_Crypto
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