zkSync, also known as ZK, serves as a Layer-2 scaling solution for the Ethereum network. Its goal is to boost the network's transaction processing capacity without sacrificing its core principles of freedom, self-sovereignty, and decentralization. Created by Matter Labs, zkSync utilizes zero-knowledge rollups (zk rollups) to achieve this improved scalability.
zkSync is a Layer-2 scaling solution for Ethereum that utilizes zero-knowledge rollups (zk rollups) to bundle multiple transactions off-chain and submit a single proof to the Ethereum blockchain. This approach significantly increases transaction throughput, reduces costs, and enhances privacy while maintaining the security and decentralization of the Ethereum network. zkSync aims to create a thriving ecosystem with the support of over 200 projects, positioning itself as a foundational layer for the next generation of decentralized applications (dApps).
ZK has a total supply of 21,000,000,000. The current circulating supply of ZK is 3,675,000,000.
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