Uncover the step-by-step process of moving cryptocurrency to and from zkSync, ensuring smooth and effortless transactions.
Ethereum, the leading blockchain for decentralized applications (DApps), faces a significant challenge with scalability. With increasing user adoption, transaction fees have skyrocketed, hindering mainstream usage. ZkSync has emerged as a promising solution, aiming to address this issue while preserving Ethereum’s security and decentralization.
ZkSync is a zero knowledge (ZK) rollup scaling solution built on top of the Ethereum blockchain. It leverages ZK-proofs, a cryptographic technique, to process transactions off-chain (layer 2 or L2) while inheriting Ethereum’s security features (layer 1 or L1).
ZkSync is the brainchild of Matter Labs, a team of passionate blockchain engineers and entrepreneurs. Alex Gluchowski, co-founder and CEO of Matter Labs, is a prominent figure in the Ethereum community recognized for his contributions to scaling solutions. The team’s strong technical expertise and dedication to decentralization are critical drivers behind zkSync’s success.
