ZkSync is gathering a lot of attention lately largely due to its power to increase the scalability of Ethereum. In this blog, you will see what ZkSync is, as well as its components and challenges.
What is zkSync
zkSync is a layer 2 solution that was created to increase the speed of the Ethereum network while maintaining its security and decentralization.zkSync bundles many transactions to a single batch using zero-knowledge rollups. With the help of this method, Ethereum reduces its load and decreases the cost of transactions.
zkSync image source:zksync.io
Why zkSync
The important function of zkSync is to solve the problem of scalability of Ethereum. The Ethereum network is popular and because of that, it faces problems like congestion and high gas fees. This problem makes it difficult and less accessible for everyday users. zkSync solves this problem:
– Low Transaction cost – zkSync bundles many transactions into a single batch using the zero-knowledge proof mecha
We współpracy z: https://www.thecoinrepublic.com/2024/06/24/a-beginners-guide-to-the-zksync-ecosystem/
