Table Of Contents
About zkSync Technology
Difference Between Ethereum Network zkSync And PolygonzkEVM
What Make zkSync Unique
The Airdrop On zkSync Technology
About zkSync Technology
zkSync : This is the project that has been developing under Ethereum since 2020 . While the project was on the developing state , there has been so much going to see how the project would actually get shaped up the Ethereum network technology.
Moreso is being this recent that zkSync Era got launched on the Ethereum as the first zkSync on the Ethereum blockchain.
“What Is ZkSync?
Developed by blockchain engineering and research team, Matter Labs, zkSync is a layer-two (L2) scaling solution designed to scale Ethereum with the use of zero-knowledge (zk) rollup technology. They launched their first product, zkSync 1.0, in June 2020. ZkSync 1.0 however, did not support smart contracts yet. Despite this significant drawback, the chain managed to garner more than $170 million in Total Value Locked (TVL) at its peak, mostly consisting of ETH and stablecoin, USDC.
In February 2023, zkSync 2.0 was rebranded to zkSync Era while zkSync 1.0 was renamed to zkSync Lite. More importantly, on the same day, zkSync announced that onboarding would be open to registered projects to deploy on zkSync Era mainnet to prepare for the full mainnet launch. As we all know now, zkSync Era opened on mainnet to all users on March 24, 2023, the first in a huge wave of zkEVM-related launches .”
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zkSync is the zero knowledge and it just as same as saying Zero Knowledge Roll Up . The roll up here now , isn't as same as the standard roll up known as initially part in Ethereum network .
Instead this very nature of Roll ups has been thoroughly work on and along , kind of an extreme goal in the mind of the developer to step forward the scalability of the Ethereum blockchain network.
As it stands at the moment , recently since the launched of the zkSync on the Ethereum blockchain technology network. Fact is that and introduction if zkSync also did make the developer to create kind of new EVM that would be different from the traditional EVM . And that nature of the Ethereum Virtual Machine that would be actually compatible with the zero knowledge proofs technology or the zero knowledge Roll up technology.
The new zkSync which is same as zero knowledge Roll up is more quicker or faster , scaling and cheaper than standard Ethereum blockchain network. Known how secure the Ethereum layer use to , roll up as the layer 2 solutions on the blockchain technology within the Ethereum network providing more state of security and scaling to facilitate transferring transactions on the blockchain applicable network within the interoperable user's.
“Rollups enable Ethereum to grow by transferring transactions from the mainnet to a layer-2 network such as zkSync. Users may then conduct their transactions on this second network, with transactions being batched and compressed into a little piece of data known as proof. This proof is then returned to Ethereum and validated.
Another key component of zkSync’s scaling offering is a zero-knowledge Ethereum Virtual Machine or zkEVM. The team is developing a rollup technique that is based on zero-knowledge cryptography, thus the ZK rather than optimistic rollups. Hence, zkSync’s virtual machine enables this complicated encryption to be readily merged with Ethereum as it now exists, is proven, and is battle-tested.”
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Zero Knowledge Roll Up as indeed combined along compatible Ethereum Virtual Machine has been really added lots on Ethereum blockchain network.
Difference Between Ethereum zkSync And The Polygon zkEVM
The larger difference between Ethereum and Polygon in terms of zero knowledge and EVM introduction and integrations should be as follows :
- The introduction and integrations of both zero knowledge proofs and the Ethereum Virtual Machine did make polygon matic network more scalable and secure
While same introduction and integrations of both here on Ethereum now known as zkSync or zero knowledge Roll up and Ethereum Virtual Machine on layer 2 get , to make Ethereum network more quicker and cheaper.
- Is being plained that an introduction and the integrations of both zero knowledge proofs and Ethereum Virtual Machine zkEVM , did equate Polygon blockchain network with Ethereum blockchain network . That's making Polygon an outright equivalent with the Ethereum.
While the introduction and integrations of both zkSync and compatible Ethereum Virtual Machine now get even more than the standard or traditional Ethereum. As the EVM using now by Ethereum isn't the traditional one used by the Polygon blockchain technology .
Those are the main difference between Ethereum blockchain and Polygon blockchain. In addition Ethereum has kind of unique blockchain technology system and Dapps and while Polygon as the Blockchain technology is being built on Ethereum network possibly.
What Make zkSync Unique
Those things that do make the zero knowledge Era technology and possibly roll up technology or zero knowledge Roll up unique are as follows:
- Native account abstraction
- Privacy and speed of xk roll up
- Ethereum level security
- EVM compatibility
Native Account Abstraction
Here zero knowledge Roll up and new created compatible Ethereum virtual machine as actual added more worth to that extent that the externally owner account do work in ways in which given contract account can get smartly automated.
Privacy And Speed Of zKRollUp
The privacy and speed due to zero knowledge Roll up , has been quite superb , as the transferring of given transactions can be handling within seconds. Because the blockchain technology is now quicker and better with zero knowledge roll up.
Ethereum Level Security
The security level has been more sequentely trusted as , the zero knowledge proofs nature of blockchain technology operation. Do get guard the database systems against hacks and wide attack that are existing on net.
EVM Compatibility
The EVM compatibility is as the result build on ground , those developer didn't desired to get used the traditionally known Ethereum Virtual Machine. Instead something that would be more compatible to the zero knowledge roll up introduction , into the Ethereum blockchain . This actually adding edge onto the further making the current system of Ethereum blockchain network more scaling in the nature.
The Airdrop On zkSync Technology
There has been an active airdrop directly from zkSync technology . Only thing is that the nature of their given airdrop , has no value at the moments in the crypto currency market world.
The nature of their airdrop token do exist in form of faucet , which is mainly usable either as testing or testnet tool across the main net or as could be an applicable on zero knowledge roll up technology .
“ Is zkSync launching its own token?
zkSync has only testnet faucet tokens which have no real-world value. Basically, they are used for testing purposes for testing the functionalities of the zk-rollup upscaling solution to assist Ethereum in testnet.
As of now, zkSync has not launched its own native token in the market.
As they have one of the biggest treasuries in the crypto market, raising over 450 million dollars in the bull market, there is a high chance of releasing the token through an airdrop in order to captivate the masses of early users. .”
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Reality is being that in no large distance time from current moments zkSync technology can get their main token airdrop on air, over the current faucet.
