Zero-knowledge rollups (ZK-rollups) bundle (or “roll-up”) hundreds of transfers off-chain and generate a cryptographic proof . These proofs can come in the form of SNARKs (succinct non-interactive argument of knowledge) or STARKs (scalable transparent argument of knowledge).
Read moreWhich crypto uses ZK-rollups?
Immutable X is a Layer 2 scaling solution for non-fungible tokens (NFTs) on Ethereum. It uses ZK-Rollups to scale up instant trading, and to eliminate gas fees for NFT minting and trading, without sacrificing the security of users and assets.
Read moreHow do ZK-rollups work?
Described as a “layer 2 construction that increases scalability through mass transfer processing rolled into a single transaction ,” ZK-Rollups vastly reduce the computing and storage resources required to validate blocks, by decreasing the amount of data in a transaction.
Read moreWhat are rollups in Crypto?
Rollups settle the transactions outside of the main Ethereum network but post the transaction data back to the Ethereum network and still derive its security from the Ethereum protocol . Each rollup has its specific contracts deployed on the main Ethereum network.
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