ZkSync Protocol
Protocol
zkSync is a trustless protocol for scalable low-cost payments on Ethereum, powered by zkRollup technology. It uses zero-knowledge proofs and on-chain data availability to keep users’ funds as safe as though they never left the mainnet
Dec 12, 2023 00:00:00
Dec 30, 2023 00:00:00
ICO Details
What Is ZkSync Protocol?
zkSync is a trustless protocol for scalable low-cost payments on Ethereum, powered by zkRollup technology. It uses zero-knowledge proofs and on-chain data availability to keep users’ funds as safe as though they never left the mainnet.
ZkSync Protocol Unique Features
- Mainnet-level security with zero reliance on 3rd parties
- ETH and ERC20 token transfers with instant confirmations and 10-minute finality on L1*; see supported tokens
- Ultra-low transaction fees (~1/100th of mainnet costs for ERC20 tokens and ~1/30th for ETH transfers)
- No registration is required to receive funds
- Payments to existing Ethereum addresses (including smart-contracts)
- Fees conveniently payable in the token being transferred
- Withdrawals to mainnet in ~10 minutes*
- Multisig (opens new window)support
- Permissionless smart contracts (coming soon)
More information about Funding Round
Series A: US$6M raised in February this year
Series B: November 8th, 2021–07:00AM ET
MatterLabs announces $50M in new funding for zkSync. The Series B financing was led by Andreessen Horowitz and included existing investors Placeholder, Dragonfly, and 1kx. A second financing was closed with strategic partners such as BlockchainCom, CryptoCom, Consensys, ByBit, OKEx, Alchemy, Covalent. zkSync is a ZK rollup, a Layer-2 scaling solution.
Detail (https://medium.com/matter-labs/funding-ea89c1fa731e)
Roadmap
TBA
ZkSync Protocol Token Economy
TBA
Detailed Token Metrics
TBA
Token Distribution
TBA
Token Release Schedule
TBA
Partners & Advisors
TBA
Investors
Matter Labs