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.
👉According to 4h TF BTC has breakout the support level of $66500 successfully and entered in Bearish Momentum 📉📉
👉 And now again BTC is going to create A new resistance level in 2h TF✅✅
👉And then I'm expecting that BTC will touch the support level of $64600 📉📉 $ETH $SOL #BinanceTournament #AirdropGuide #BTCFOMCWatch #CPIAlert #ETHETFsApproved