$ZK project information ✍️✍️
**Overview**
zkSync (ZKS) is the native token of the zkSync ecosystem, which focuses on Layer 2 scaling solutions for Ethereum. zkSync uses zk-rollups, a technology that increases Ethereum's transaction throughput while maintaining security and decentralization.
**Key Features**
1. **Layer 2 Scaling**: zkSync improves Ethereum's scalability by offloading transactions from the main Ethereum chain to a Layer 2 network.
2. **Low Fees**: Transactions on zkSync are faster and cheaper than those on Ethereum's mainnet.
3. **Security**: zkSync utilizes zk-rollups to ensure security by generating cryptographic proofs for each batch of transactions.
4. **Compatibility**: Supports Ethereum smart contracts and DeFi applications.
**Token Utility**
- **Transaction Fees**: Used to pay for transaction fees within the zkSync network.
- **Staking**: ZKS can be staked for securing the network.
- **Governance**: Token holders can participate in governance decisions.
