zkSync is an L2 scaling solution that reduces cost and speeds up transactions while still inheriting the @ethereum security and finality by using ZK Rollups technology.
Vitalik once said that ZK Rollup is a technology that will do much better than OR.
What does zkSync offer?
• Transaction fees are 50 times lower than the main network on Ethereum.
• Friendly with smart contracts.
• Protected over 5 million transactions.
• Up to 2000 TPS.
The ecosystem of zkSync is increasingly expanding as more and more projects have been built on it. For more information, head to:
Layer 0 protocols help to remedy the challenges faced by Layer 1 networks by creating a more flexible base infrastructure.
@LayerZero_Labs has successfully raised $135M in Series A, raising their valuation to over $1 billion and attracting more and more attention from the community.
LayerZero Labs also launched its first product – Stargate Finance, a multi-chain bridge built on Layer Zero.
Interacting with Stargate Finance might qualify you for something from LayerZero Labs in the future as this is their first product.
Keep in mind that they've not announced about releasing token yet, so there is a chance we won't receive anything. Do at your own risk.
Scroll is the layer 2 solution for Ethereum, using zk-Rollups technology to develop and solve the underlying scalability issue.
It is being built by some of the brightest dev and researchers on ZK.
Currently, Scroll's operating model has 3 parts:
• Scroll node: send proof of transaction from Scroll to Ethereum
• Roller Network: verify zkEVM proof to verify qualified transactions
• Rollup & Bridge Contracts: Allow users to transfer assets between Ethereum & Scroll
In general, Scroll has 3 outstanding features:
- EVM compatible
- Expandability
- Security
Currently, Scroll is in the testnet phase according to their roadmap.
With $80M raised, surely you should keep an eye on #Scroll and check their testnet program.
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@lighter_xyz states: on-chain order books have been impractical due to high gas fees and scalability problems.
Meanwhile, AMMs appear to be plagued by capital inefficiency, vulnerability to sandwich attacks and impermanent loss, as well as the inability to price non-spot assets.
With the new L2 scaling solution such as Arbitrum.
Market makers can enjoy an experience similar to traditional order book exchanges,
as the negligible fees and instant finality offered by L2 scaling will eliminate previous issues.
Crypto market now needs a hook to get more new users.
#GameFi will be the next key catalyst for onboarding the next millions of gamers into web3.
Here are reasons why I'm convinced it will be the next narrative of 2023.
🧵
2/
In this thread, we will cover:
1⃣ Immutable x Polygon to launch 3 games
2⃣ Polygon, a go-to ecosystem for GameFi
3⃣ Fundraising and a triple-A game
4⃣ ERC4337 mainnet
5⃣ $ARB and $ID token airdrop hype
3/
Polygon x Immutable to launch a zkEVM-compatible layer 2 for gaming and there are 3 games on it:
➡ @playmetalcore: an open world game with +$15M raised money
➡ @shardbound_game: a multiplayer tactics game
➡ Infinite Victory: a game connecting sports to blockchain