Everyone talks about @zksync or especially the potential #airdrop
BUT
Do you know what @zkSync is? How is it different from @arbitrum ? How advanced it is ?
These are the questions you should ask before betting on a potential airdrop
Let's see it all in this THREAD 🧵🧵🧵
BUT
Do you know what @zkSync is? How is it different from @arbitrum ? How advanced it is ?
These are the questions you should ask before betting on a potential airdrop
Let's see it all in this THREAD 🧵🧵🧵
As you must surely know, @zksync is an L2 of #Ethereum.
I won't go back to what a Layer 2 is, I'll put you the link of the documentation if necessary:
academy.binance.com/en/glossary/la…
I won't go back to what a Layer 2 is, I'll put you the link of the documentation if necessary:
academy.binance.com/en/glossary/la…
Before going further you must understand what a rollup is, Rollups are a recent development intended to increase the scalability of Ethereum by performing calculations off-chain, rolling many transactions up into a single batch, and sending it to the main Ethereum chain.
Currently, there are 2 types of rollups used majorly for scaling #ethereum :
1 - ZK Rollups (Zero-Knowledge Rollups) - eg: @zksync , @loopringorg etc
2 - Optimistic Rollups - eg: @optimismFND , @arbitrum etc
1 - ZK Rollups (Zero-Knowledge Rollups) - eg: @zksync , @loopringorg etc
2 - Optimistic Rollups - eg: @optimismFND , @arbitrum etc
The main difference between ZK and Optimistic rollups is in the way this batch of transactions becomes final.
In ZK rollups ('ZK' standing for zero-knowledge) the batch of transactions is verified for correctness on the Ethereum network.
After the verification passes, the batch of transactions is considered final like any other #Ethereum transaction.
After the verification passes, the batch of transactions is considered final like any other #Ethereum transaction.
This is achieved by the zero-knowledge proofs. If you don’t know what is the zero-knowledge proof go watch this video :
Optimistic rollups, on the other hand, have no mechanism to prove the validity of the off-chain transactions.
Instead, they are considered “optimistic” because they assume off-chain transactions are valid unless proven otherwise.
Instead, they are considered “optimistic” because they assume off-chain transactions are valid unless proven otherwise.
I think you will have understood that ZK rollups are more effective than Optimistic rollups in terms of security but also in terms of scalability.
The disadvantage is that they are very complex and therefore require a lot of development. This is what @zksync is doing right now.
The disadvantage is that they are very complex and therefore require a lot of development. This is what @zksync is doing right now.
One of the most important concepts highlighted by @zksync is Hyperchain !
Hyperchains are fractal-like instances of zkEVM running in parallel and with the common settlement on the L1 mainnet.
Hyperchains are fractal-like instances of zkEVM running in parallel and with the common settlement on the L1 mainnet.
Hyperchains can be developed and permissionlessly deployed by anyone.
However, to remain trusted and fully interoperable, each Hyperchain must be powered by the exact same zkEVM engine as the main zkSync L2 instance.
However, to remain trusted and fully interoperable, each Hyperchain must be powered by the exact same zkEVM engine as the main zkSync L2 instance.
So we can imagine each application/protocol as a hyperchain (an L3) which relies on the L2 (zkSync) and which are all completely interoperable.
It is like every protocol is a blockchain !
Remind you of something ?
Yes that's right @cosmos !
It is like every protocol is a blockchain !
Remind you of something ?
Yes that's right @cosmos !
It's like having @cosmos but on #Ethereum.
The most interesting thing is that the source code of @zksync is completely Open Source, i.e. anyone can be able to fork the L2 @zksync and build other applications on top of it.
This is a GAME CHANGER.
The most interesting thing is that the source code of @zksync is completely Open Source, i.e. anyone can be able to fork the L2 @zksync and build other applications on top of it.
This is a GAME CHANGER.
It's all well and good! But how advanced is the project?
At the beginning of the year, they launched the mainnet in Alpha which is currently closed to users and open only to developers/protocols.
At the beginning of the year, they launched the mainnet in Alpha which is currently closed to users and open only to developers/protocols.
It should be understood that for the moment the project is centralized, decentralization will be the last stage of the project. At this time, the project will be in the hands of the users who will make it evolve.
I let you look at the roadmap for more details.
I let you look at the roadmap for more details.
For the moment we have no info on tokenomics but what is certain is that the gas fees will be paid in $ETH so if a token comes out it will be a governance token like @arbitrum.
I think this project is a real GAME CHANGER and reducing it to an Airdrop is irrelevant.
I see a lot of THREAD « airdrop zkSync » but very fews "What is zkSync ?"
I see a lot of THREAD « airdrop zkSync » but very fews "What is zkSync ?"
Mention :
@DeFi_Made_Here
@Chinchillah_
@defi_mochi
@phtevenstrong
@DefiIgnas
@TheDeFinvestor
@LouisCooper_
@PowerHasheur
@crypthoem
@OnchainDataNerd
@crypto_linn
@dr_crypto_calls
@Crypt0Ricard0
@Faycy_crypto
@EricCryptoman
@DeFi_Made_Here
@Chinchillah_
@defi_mochi
@phtevenstrong
@DefiIgnas
@TheDeFinvestor
@LouisCooper_
@PowerHasheur
@crypthoem
@OnchainDataNerd
@crypto_linn
@dr_crypto_calls
@Crypt0Ricard0
@Faycy_crypto
@EricCryptoman
https://twitter.com/ed_Nuward/status/1638296348503031811?s=20
I hope you enjoyed it, don't hesitate to let me know in the comments, without forgetting to like and RT the first tweet of the thread!
Stay safe and learn 💪
#Cryptocurency #Airdrop #zkSync #Arbitrum #rollups #Cosmos #blockchain #project #fees
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