#Long Investment Research#BirdUncle Chat
Hi! I'm Psy. Recently, I feel that the L2 sector is about to usher in a second wave of explosion. ZK and LayerZero are eager to try.#bitgetalso suddenly launched pre-market trading for ZK and LayerZero. I don't think the people will really get rich in this wave. Anyway, Psy's ZK probably only has a few low-income accounts. Alas. It's uncomfortable to be here, so why not popularize zksync, this mysterious and promising L2 project.
What is zk
zkSync is a second-layer expansion solution based on Ethereum that uses zero-knowledge proof technology (zk-rollup) to achieve fast and low-cost transactions. Its goal is to solve the scalability problem of the Ethereum network while maintaining high security and decentralization. zkSync was developed by Matter Labs and has received widespread attention and support since its launch. It is worth noting that Polyhedra Panda King, the l2 that uses the zkp knowledge framework, also has a token name of zk, which confuses the majority of crypto enthusiasts, and even fans on both sides have fought over it. Anyway, Bird Uncle is just eating melons on the side. This issue of investment research has received more than 500 likes. Bird Uncle brings you another investment research on Polyhedra, whose token may be zk.
Market demand and background
As the world's most popular smart contract platform, Ethereum is widely used in decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized applications (DApps). However, the limited capacity of the Ethereum network leads to high transaction fees and long transaction confirmation times, which seriously affects user experience and application expansion. In order to meet these challenges, the market urgently needs efficient and low-cost expansion solutions. zkSync was born in this context, aiming to alleviate the congestion problem of the Ethereum network through its advanced technical architecture.
ZkSync Technical Advantages
1️⃣Zero-knowledge proof
zkSync uses zero-knowledge proof technology to allow users to verify the validity of transactions without revealing specific information. This not only improves the privacy of transactions, but also ensures the integrity and security of data.
2️⃣ High throughput
zkSync can process thousands of transactions per second, greatly improving the transaction processing capacity of the Ethereum network. By bundling a large number of transactions together for processing (rollup), the network burden is greatly reduced.
3️⃣ Low cost
Due to the batch processing method, zkSync significantly reduces the transaction fees for users. Compared with the high gas fees of the Ethereum main chain, zkSync's fees are much lower, which greatly improves the user experience.
4️⃣ Security
zkSync ensures the security of all transactions and data consistency by submitting zero-knowledge proofs on the Ethereum main chain. Even if there is a problem with the second-layer network, the user's assets can still be protected.
5️⃣ Decentralization
zkSync ensures high reliability and censorship resistance through its decentralized architecture. Users can conduct secure transactions directly without trusting any intermediaries.
ecosystem
zkSync has attracted support and integration from multiple well-known projects, such as Uniswap, Curve and other decentralized financial platforms. The participation of these projects shows the importance and potential of zkSync in the DeFi field. At the same time, the zkSync development team is also constantly expanding its ecosystem and introducing more partners and developers to promote the widespread application of zkSync.
As an efficient, secure and decentralized layer 2 expansion solution, zkSync has significant technical advantages and market potential. It achieves high throughput and low-cost transactions through zero-knowledge proof technology, significantly improving the user experience of the Ethereum network. Despite facing certain competition and risks, zkSync’s excellent performance in solving Ethereum’s scalability issues makes it an investment opportunity worth paying attention to. #layer-2
Bird Uncle believes that in the increasingly involutionary l2 sector, we should pay close attention to zkSync's technological progress, ecosystem development, and market competition. By deeply understanding and tracking the development of zkSync, we can better grasp this potential investment opportunity and obtain rich returns in the field of blockchain and cryptocurrency.
