@zksync@StarkWareLtd Two of the biggest Layer-2 (L2) solutions that use ZK rollup technology to make the Ethereum network bigger are zkSync and StarkNet.
A zero-knowledge proof or protocol is a way for one party (the prover) to show another party (the verifier) that a certain statement is true without giving away any information other than the fact that the statement is true.
MatterLabs released zkSync V1 to the Ethereum Mainnet in June 2020 as a #SNARK proof rollup protocol. In October 2022, MatterLabs launched first phase of zkSync 2.0 mainnet called βBaby Alphaβ
In November 2021, StarkWare Ltd. released StarkNet, a STARK proof rollup protocol on the Ethereum Testnet. The protocol was released to Mainnet later that month in Alpha version 0.4.0.
@zksync@StarkWareLtd One key difference between zkSync and StarkNet is that they utilize different proofing protocols, called:
β’ SNARKs (Succinct Non-Interactive ARgument of Knowledge)
β’ STARKs (Scalable Transparent ARguments of Knowledge).
@zksync@StarkWareLtd The fundamental differences between SNARK and STARK proofs:
StarkEx is not a ZK-rollup, but instead is a customizable Layer-2 SaaS (Software as a Service) that uses STARK proofs to provide massive scaling for applications.
β’ StarkNet allows interoperability between DApps but StarkEx does not.
@zksync@StarkWareLtd It's important to know what makes them different because DApps that use StarkEx are often part of the StarkNet ecosystem, but metrics like TVL are completely different.
β’ zkSync has $52.97M in TVL, despite not having a token, as per @l2beat
β’ zkSync is the 3th L2 by Transactions , as per @Orbiter_Finance
β’ More than 300+ projects which joined in the zkSync ecosystem
β’ Total Funding Amount: $458M
β’ StarkNet has $4.61M in TVL, despite not having a token, as per @l2beat
β’ More than 200+ projects which joined in the zkSync ecosystem
β’ Total Funding Amount: $273M by StarkWare
β’ In order to have 1 $DAI in the market, users need to collateralize other cryptocurrencies that are worth greater than the amount of DAI issued (1.2 $USDC for instant)
The Optimist NFT is in Beta and currently only voters in #RetroPGF 2 can mint.
Based on Optimism Collective membership and AttestationStation data, several hundred active addresses will be invited to mint each month starting in early 2023.
Layer 2 solutions that make minting and trading faster, cheaper, more accessible, and scalable will help NFTs reach their full potential as mainstream interest gets bigger.
Let's take a look at NFT Collections on Ethereum Layer 2 ZK Rollups