ZK-Rollups
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How is polygon's AggLayer v1 different from other multi-chains?
Long story short:
With AggLayer, X1 chain users holding $ETH can purchase NFTs on the Polygon zkEVM chain without having to cross-chain funds to the Polygon zkEVM chain first. From an end-user perspective, this feels like using a single chain; with AggLayer, users can interact with dApps without knowing they are accessing another chain.
Through AggLayer, users can also send assets to participate in activities on another chain. Assume that Zhang San is on a game chain built using Polygon CDK and connected to AggLayer. Zhang San’s wallet on the game chain also has ETH and DAI, and Zhang San wants to put them into the DEX on X1. Zhang San can create a transaction bridging $ETH and $MATIC and call the function of LP these tokens from the game chain (and pay all fees).
In AggLayer's final state, end users will be able to perform cross-chain atomic transactions in <span second.
#内容挖矿 #polygon #MATIC #TradeNTell #zk-rollups
Long story short:
With AggLayer, X1 chain users holding $ETH can purchase NFTs on the Polygon zkEVM chain without having to cross-chain funds to the Polygon zkEVM chain first. From an end-user perspective, this feels like using a single chain; with AggLayer, users can interact with dApps without knowing they are accessing another chain.
Through AggLayer, users can also send assets to participate in activities on another chain. Assume that Zhang San is on a game chain built using Polygon CDK and connected to AggLayer. Zhang San’s wallet on the game chain also has ETH and DAI, and Zhang San wants to put them into the DEX on X1. Zhang San can create a transaction bridging $ETH and $MATIC and call the function of LP these tokens from the game chain (and pay all fees).
In AggLayer's final state, end users will be able to perform cross-chain atomic transactions in <span second.
#内容挖矿 #polygon #MATIC #TradeNTell #zk-rollups
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The layer 2 project on #Ethereum is #Scroll has released a video hinting at the upcoming token launch and #airdrop .
- Scroll is a layer 2 Ethereum network that uses #zk-rollups technology.
- The project raised $50 million in its most recent funding round, with a valuation of $1.8 billion.
However, the market and exchanges seem to be very cold towards such high FDV projects.
- Scroll is a layer 2 Ethereum network that uses #zk-rollups technology.
- The project raised $50 million in its most recent funding round, with a valuation of $1.8 billion.
However, the market and exchanges seem to be very cold towards such high FDV projects.
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Taiko: Ethereum’s equivalent of ZK Rollup, raising $15 million
Taiko, an Ethereum Layer 2 scaling solution provider, recently announced the completion of a Series A round of financing worth $15 million.
Financing Highlights
The round was led by Lightspeed Faction, Hashed, Generative Ventures and Token Bay Capital. Other investors include Wintermute Ventures, Presto Labs, Flow Traders, Amber Group, OKX Ventures, GSR and WW Ventures. This round brings Taiko’s total funding across three rounds to $37 million.
Technical advantages
Taiko claims to offer the “Ethereum equivalent of ZK rollup,” a scaling technology proposed by Ethereum co-founder Vitalik Buterin. Taiko uses "sort-based" technology, where the sorter is driven by the underlying chain, avoiding the risk of centralization.
market competition
Currently, there are 44 active Layer-2 projects and competition is fierce. Taiko's strength lies in its technical solutions, but whether it can stand out from the competition remains to be seen.
future outlook
Taiko has launched a testnet and the mainnet is expected to be launched soon. Taiko's future development will depend on factors such as its technological strength, marketing and competitive environment.
The following are some factors that may affect Taiko's future development:
1. Development of Ethereum Ecosystem
2. Maturity of ZK Rollup technology
3. Competitor performance
Investors can selectively invest in Taiko projects based on their own circumstances.
#热门话题 #新闻 #Taiko #ETH #zk-rollups
Taiko, an Ethereum Layer 2 scaling solution provider, recently announced the completion of a Series A round of financing worth $15 million.
Financing Highlights
The round was led by Lightspeed Faction, Hashed, Generative Ventures and Token Bay Capital. Other investors include Wintermute Ventures, Presto Labs, Flow Traders, Amber Group, OKX Ventures, GSR and WW Ventures. This round brings Taiko’s total funding across three rounds to $37 million.
Technical advantages
Taiko claims to offer the “Ethereum equivalent of ZK rollup,” a scaling technology proposed by Ethereum co-founder Vitalik Buterin. Taiko uses "sort-based" technology, where the sorter is driven by the underlying chain, avoiding the risk of centralization.
market competition
Currently, there are 44 active Layer-2 projects and competition is fierce. Taiko's strength lies in its technical solutions, but whether it can stand out from the competition remains to be seen.
future outlook
Taiko has launched a testnet and the mainnet is expected to be launched soon. Taiko's future development will depend on factors such as its technological strength, marketing and competitive environment.
The following are some factors that may affect Taiko's future development:
1. Development of Ethereum Ecosystem
2. Maturity of ZK Rollup technology
3. Competitor performance
Investors can selectively invest in Taiko projects based on their own circumstances.
#热门话题 #新闻 #Taiko #ETH #zk-rollups
Can Scroll Revolutionize Ethereum’s Scalability with Zk-rollups? 📜
#Scroll , a project co-founded by Ye Zhang, is close to launching its zero-knowledge EVM (zkEVM) for Ethereum.
This community-driven initiative emphasizes Ethereum's principles of decentralization and scalability. After two years of development, Scroll offers a #zkEVM that aims to scale Ethereum organically without aggressive marketing.
It's set to launch soon after rigorous testing and audits. Zhang believes #zk-rollups are the best layer-2 scaling solution. Scroll faces competition from other zkEVM projects like Polygon, Immutable, StarkWare, and Linea. Zhang claims Scroll provides a comprehensive proof of Ethereum's components. While initially centralized, the project plans to decentralize over time.
Scroll's zkEVM uses zero-knowledge proofs to compress data off-chain, ensuring higher throughput while maintaining compatibility with existing Ethereum software and applications.
#Binance
#crypto2023
#Scroll , a project co-founded by Ye Zhang, is close to launching its zero-knowledge EVM (zkEVM) for Ethereum.
This community-driven initiative emphasizes Ethereum's principles of decentralization and scalability. After two years of development, Scroll offers a #zkEVM that aims to scale Ethereum organically without aggressive marketing.
It's set to launch soon after rigorous testing and audits. Zhang believes #zk-rollups are the best layer-2 scaling solution. Scroll faces competition from other zkEVM projects like Polygon, Immutable, StarkWare, and Linea. Zhang claims Scroll provides a comprehensive proof of Ethereum's components. While initially centralized, the project plans to decentralize over time.
Scroll's zkEVM uses zero-knowledge proofs to compress data off-chain, ensuring higher throughput while maintaining compatibility with existing Ethereum software and applications.
#Binance
#crypto2023
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Will the launch of Polygon 2.0 push the price of $matic coin up? ?
Last year, Polygon was changing its economic model and called the new economic model "The Value Layer of the Internet."
As the L2 track becomes hotter, as the leader of the ZK series, Polygon is not to be outdone and actively participates in this L2 battle. Polygon’s ZK-rollups are a 2-layer scaling solution that reduces the overall data that network nodes need to send to the blockchain, verify, and store by aggregating multiple transactions into a single rollup using zero-knowledge proofs. For Polygon 2.0, realizing ZK-rollups is not only a technical upgrade, but also related to its future development and competition.
This is a powerful strategy that puts networks at the forefront of the Layer 2 scaling solution space. By leveraging ZK-rollups, Polygon 2.0 is able to achieve high levels of scalability and process thousands of transactions per second, significantly reducing transaction fees and confirmation times. This efficiency makes it an ideal platform for a variety of applications, especially those that require fast transaction settlement, such as decentralized exchanges, gaming platforms, and NFT markets. "
The Polygon Chain Development Kit (CDK) is a groundbreaking open source code base designed to launch zero-knowledge (ZK) powered layer-two (L2) chains on Ethereum. This initiative is an important part of Polygon 2.0 vision, which aims to create a seamless L2 interconnection network powered by ZK to scale Ethereum on demand. The Polygon 2.0 new economic model introduces the staking layer, an innovative heavy-staking mechanism originally pioneered by EigenLayer on Ethereum that allows validators to secure multiple chains with a single token.
Polygon’s approach minimizes the risk of huge fines from staking reconfigurations because it is designed to serve chains within the Polygon ecosystem.
$Pol tokens allow for one-to-one exchange migration from existing $MATIC tokens. Pol's initial supply is the same as Matic's 10 billion, with an annual issuance of 2% and divided between validator staking rewards and the community treasury. Matic has currently reached 96% of the circulation status, and has gone through a whole round of pulling, chip release and smashing, as well as a long-term decline process.
#MATIC #内容挖矿 #zk-rollups #Polygon
Last year, Polygon was changing its economic model and called the new economic model "The Value Layer of the Internet."
As the L2 track becomes hotter, as the leader of the ZK series, Polygon is not to be outdone and actively participates in this L2 battle. Polygon’s ZK-rollups are a 2-layer scaling solution that reduces the overall data that network nodes need to send to the blockchain, verify, and store by aggregating multiple transactions into a single rollup using zero-knowledge proofs. For Polygon 2.0, realizing ZK-rollups is not only a technical upgrade, but also related to its future development and competition.
This is a powerful strategy that puts networks at the forefront of the Layer 2 scaling solution space. By leveraging ZK-rollups, Polygon 2.0 is able to achieve high levels of scalability and process thousands of transactions per second, significantly reducing transaction fees and confirmation times. This efficiency makes it an ideal platform for a variety of applications, especially those that require fast transaction settlement, such as decentralized exchanges, gaming platforms, and NFT markets. "
The Polygon Chain Development Kit (CDK) is a groundbreaking open source code base designed to launch zero-knowledge (ZK) powered layer-two (L2) chains on Ethereum. This initiative is an important part of Polygon 2.0 vision, which aims to create a seamless L2 interconnection network powered by ZK to scale Ethereum on demand. The Polygon 2.0 new economic model introduces the staking layer, an innovative heavy-staking mechanism originally pioneered by EigenLayer on Ethereum that allows validators to secure multiple chains with a single token.
Polygon’s approach minimizes the risk of huge fines from staking reconfigurations because it is designed to serve chains within the Polygon ecosystem.
$Pol tokens allow for one-to-one exchange migration from existing $MATIC tokens. Pol's initial supply is the same as Matic's 10 billion, with an annual issuance of 2% and divided between validator staking rewards and the community treasury. Matic has currently reached 96% of the circulation status, and has gone through a whole round of pulling, chip release and smashing, as well as a long-term decline process.
#MATIC #内容挖矿 #zk-rollups #Polygon
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In the past month, zkSync has performed amazingly, with monthly transaction volume exceeding the Ethereum mainnet and arb. As one of the four kings of L2, zkSync may become the leader of L2 with its technical advantages and the blessing of V God, surpassing OP and arb.
Currently, the very popular Inscription track also performs well on zkSync. The two major on-chain inscriptions: zkss and sync perform amazingly.
1. zkss: Launched in November, it is the first mint inscription on zk, with a total issuance of 210 million pieces and about 5,000 holders. The current total market value is unknown;
2. sync: just launched in December, it is the second mint inscription on zk. It has a total circulation of 21 million coins and 66,000 currency holders. The current total market value is about 400,000 US dollars. It is the most popular and most held currency on zkSync. inscription.
If you are optimistic about L2 and the Inscription track, you can lurk and hold some. In a few months, with the issuance of coins or airdrops from ZK, it is bound to set off a wave of market just like the original arb. #zk-rollups #zkSnyc #Ordianls #1000sats
Currently, the very popular Inscription track also performs well on zkSync. The two major on-chain inscriptions: zkss and sync perform amazingly.
1. zkss: Launched in November, it is the first mint inscription on zk, with a total issuance of 210 million pieces and about 5,000 holders. The current total market value is unknown;
2. sync: just launched in December, it is the second mint inscription on zk. It has a total circulation of 21 million coins and 66,000 currency holders. The current total market value is about 400,000 US dollars. It is the most popular and most held currency on zkSync. inscription.
If you are optimistic about L2 and the Inscription track, you can lurk and hold some. In a few months, with the issuance of coins or airdrops from ZK, it is bound to set off a wave of market just like the original arb. #zk-rollups #zkSnyc #Ordianls #1000sats
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The State of Web3 in 2024: Challenges and Emerging Solutions
Imagine a bustling new city still under construction - ambitious planning, towering skyscrapers, green spaces and innovative infrastructure that promise a bright future, now imagine that you have to apply for a special pass to enter each building - the allure of the gleaming high-rises seems to have been greatly diminished.
Like this new city, Web3 is full of potential and excitement, attracting new “citizens” (users and developers) who see the promise of decentralization, privacy, and control over their digital lives. Although some key challenges still hinder its widespread adoption, emerging solutions such as chain abstraction are paving the way for a more unified and accessible Web3 ecosystem.
Like this new city, Web3 is full of potential and excitement, attracting new “citizens” (users and developers) who see the promise of decentralization, privacy, and control over their digital lives. Although some key challenges still hinder its widespread adoption, emerging solutions such as chain abstraction are paving the way for a more unified and accessible Web3 ecosystem.