What is ZKsync? Controversy surrounding scandal!?
ZKsync is a layer-2 solution belonging to the ZK-Rollups group on Ethereum developed by the Matter Labs team, with the support of many large investment funds such as a16z, OKX, Crypto.com, Bybit, ConsenSys... and has been implemented. Earning a total capital raised of more than 458 million USD.
Among Layer 2 projects for Ethereum, ZKsync has stood out as a leading name, pioneering a solution that uses Zero-knowledge technology to interoperate with execution environments via EVM. of Ethereum
ZKsync is a Layer 2 scaling solution for Ethereum, using Zero-knowledge Rollup (ZK-Rollups) technology. This technology allows for faster and more cost-effective transactions, while also ensuring security from Ethereum.
Besides, the ZKsync project has also successfully integrated the zkEVM solution into the main network to deploy ZKsync Era in March 2023. This marks an important step forward as ZKsync takes the lead in the race to perfect zkEVM technology.
zkEVM is a virtual machine that supports Zero-knowledge proof computation, fully compatible with Ethereum's EVM. This is an implementation of ZK technology to expand the ability to execute smart contracts on Ethereum. With this zkEVM, ZKsync can perform Zero-Knowledge Proof (ZKP) calculations and is compatible with existing infrastructure on Ethereum. Developers can also write ZK-compatible smart contracts using EVM's traditional Solidity language.
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