Brief Talk - ZKSYNC
Ethereum L2 has four kings 🧵Optimism, Arbitrum, zkSync, and StarkNet. The first two projects are familiar to each other. The project tokens are ARB and OP. With Starknet’s airdrop snapshot ✅STRK will be launched in Europe and Italy on February 20th. By the way, let’s talk about what StarkNet and its similar project zkSync are, or explain it in layman’s language. I have written articles many times before about airdrops and project background. Today I will focus on technical understanding. Both StarkNet and zkSync use ZK- The expansion plan of the Ethereum network implemented by Rollup technology. This technology can greatly improve the processing power and efficiency of the network without sacrificing security and decentralization. Let’s briefly talk about what zero-knowledge proof (ZKP) and Rollup are 1. ZKP Let me give a small example here. Suppose you and Xiaohong have a room with two doors in front of them. Each door has a password lock. You want to prove to Xiaohong that you know the password of the door, but you don’t want to tell Xiaohong the password. At this time, you can walk into the room and ask Xiaohong to shout at which door you want to come out. Then you follow Xiaohong's instructions and walk out of the room. Repeat this many times, and Xiaohong will have to believe that you really know the password to pass. This small example can be understood 12. 2. Rollup You can think of Rollup as an outsourcer of Ethereum. Ethereum can throw some complex calculations to the outsourcer Rollup to process the results processed by the outsourcer and then package and send them to Ethereum. Square helps Ethereum focus on executing more important transactions. The word Rollup means folding clothes. When placed on Ethereum, it describes the process of compressing and packaging the calculation results and sending them back to Ethereum. For each transaction, this outsourcer will generate a SNARK. Or STARK proof. This proof mechanism is the biggest difference between zkSync (SNARK proof mechanism) and StarkNet (STARK proof mechanism). This is why I will introduce these two projects together. They are really very similar to this new technology. ZK-rollup has a performance advantage that far exceeds Op-rollup. TPS refers to the number of transactions supported per second, which can measure the performance of the expansion plan. Here I will give you a comparison. Bitcoin’s TPS is about 7 times, while Ethereum’s The TPS of Op-rollup is about 36 times, the TPS of Op-rollup is about 500, and the TPS of ZK-rollup has soared to more than 4,000 times, which is almost ten times that of Op-rollup. This is why ZK-rollup is the expansion that even Buterin is optimistic about. Solution, Ethereum’s answer in English: Once ZK-rollup is technically implemented, Ethereum’s transaction processing capabilities can even benchmark VISA. Therefore, the valuation of ZK-rollup-based expansion solutions such as StarkNet and zkysnc can reach hundreds. In terms of billion token economics, the total number of StarkNet tokens $STRK totals 10 billion, and the OTC price is 1.8U has now issued an airdrop. About 1.3 million wallets are eligible to receive $STRK, with a total of about 700 million. Qualified users will have four months (ends on June 20) to apply for tokens at a single address. The number of $STRK obtained will be between 500 and 10,000. The basic conditions for obtaining the air investment qualification include: 1. Used the Starknet network for at least 3 independent months; 2. Generated at least 6 or more transactions; 3. The total transaction amount is not low. At $100 4., the address held at least 0.005 ETH at the time of the snapshot (November 15, 2023)