Decentralization, Ultra-high TPS, and No Gas, We are here to build. May 7th
Today’s ZKSwap status: As of 19:00 GMT on May 7th, 2021
- TVL $680 million
- Liquidity $270 million
- Transaction 9432 (24 hrs transactions)
A great amount of work needs to be done before the result can be delivered. The team is always passionate about innovations on Layer 2, and it’s important to note that we are here to build. Take a bit of time to read our road map and economic whitepaper.
Here is some key information to start with knowing the project:
-What is ZKSwap?
ZKSwap is a token Swap protocol based on Automated Market Maker (AMM). Through ZK-Rollup technology, the full set of Uniswap functions are realized in Layer-2, while providing unlimited scalability and privacy.
ZKSwap provides liquidity providers and traders with ultra-high-throughput Swap infrastructure, and transactions do not require any Gas fees.
-What are the main features of ZKSwap?
1.Decentralization: Users have complete control of their assets, transactions do not require authorization, and have good privacy and higher liquidity.
2.Ultra-high TPS: Transaction efficiency is one great pain point faced by Ethereum users. Based on ZK-Rollup technology, transaction TPS of ZKSwap can be increased by multiple orders of magnitude. It means less time for you to wait!
3.No-Gas: On ZKSwap Layer 2, liquidity providers and users do not need to pay high gas fees, which greatly reduces the threshold for use.
-A glimpse of technology?
1.Plonk zero-knowledge proof system
ZKSwap’s zero-knowledge proof system adopts a distributed architecture and uses the latest zero-knowledge proof algorithm PLONK to generate proofs. PLONK’s global trust setup only needs to be generated once, and applications with a certain range of circuit scale can be reused, which greatly reduces the threshold for using zero-knowledge proof.
The ZKSwap server can interact with users through the WebSocket interface, and can also monitor transactions on the Ethereum blockchain. All legal transaction requests will be placed in the ZKSwap memory pool, which will ultimately be processed by the Swap Engine.
And you can read more about our previous article: A Technical Overview of Different Layer2 Scalability Solutions as well as ZKSwap Wiki for a detailed explanation.
We welcome you to check our official channels to learn more about the project, get the latest updates, and join the discussions!
ZKSwap is a layer2 dex based on the ZK-Rollup technology and using the AMM model. And You can find us here🥰:
ZKSwap Official Website: https://zks.org/en
ZKSwap APP: https://zkswap.app
ZKSwap Twitter: https://twitter.com/ZKSwapOfficial
ZKSwap Official Telegram group: https://t.me/zkswapofficial
ZKSwap Discord: https://discord.gg/NfZBKNJuAX
ZKSwap Medium: https://zkswapofficial.medium.com
ZKSwap Github page: https://github.com/l2labs
ZKSwap Reddit: https://www.reddit.com/r/ZKSwap_Official