First, some highlights: Zero-Knowledge Rollups (ZK-Rollups) are a series of smart contracts that use off-chain computations before submitting them back on-chain for validation . The smart contracts simply bundle a huge number of transactions into one and compute them in large chunks.4 Oca 2022
Read moreWhat are ZK tokens?
What Is zk-SNARK? Zk-SNARK is an acronym that stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.” A zk-SNARK is a cryptographic proof that allows one party to prove it possesses certain information without revealing that information .
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zkRollup Projects Ecosystem NameDescriptionStarkwareThe StarkWare StarkNet network is a permissionless decentralized ZK-Rollup.LoopringLoopring is a zkRollup layer2. It allows for high-throughput, low-cost trading and payment on Ethereum.zkSwapZK-Rollups based Layer-2 DEX with the AMM model.zkRollup Projects Ecosystem – DezentralizedFinance dezentralizedfinance.com › zkrollup-projects-ecosystem
Read moreWhat are ZK-rollups Crypto?
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.
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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 is ZK rollup?
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).
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