Dissecting the ZKsync Coin Crypto, from How it Works to the System It Runs

Todaysgist.com, Jakarta – ZKsync is a Layer 2 scaling solution for Ethereum that aims to increase network transaction throughput while reducing transaction fees. ZKsync is built on ZK-rollup technology, which makes it possible to combine multiple transactions into one verifiable proof on the Ethereum blockchain.

How ZKsync Works

Reporting from the official ZKsync website, Tuesday (18/6/2024), ZKsync aims to improve the Ethereum network by overcoming its main problems, namely low scalability and high transaction fees.

The platform uses a technology known as zk-Rollups, which is a type of zero-knowledge proof that allows the aggregation of multiple transactions into one, processed off-chain and then verified on the Ethereum blockchain.

This method significantly reduces the computational load on the Ethereum main network, thereby lowering associated transaction costs and speeding up transaction times.

Some Layer 2 networks use rollup optimistic, who assumes transactions are genuine unless proven otherwise. In contrast, Layer 2 networks that use zero-knowledge proofs, such as ZKsync, generate proofs of all genuine transactions regularly.

The cost of sending this proof to the Ethereum blockchain is the reason why this network tends to have higher fees than other optimistic networks.

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