ZK is an important addition to the cryptocurrency market and trading platforms such as Binance, as it aims to provide new support for crypto assets. Despite the recent violent market fluctuations, the market remains strong, led by Bitcoin. We previously talked about several cryptocurrencies that have caused a stir in the currency market, and here we are adding ZK to this list: ERN, OMNI, IO, W, CKB, CORE, SAGA, ULTI, LISTA, BB, REZ, NOT, STRK, ENA. and TNSR. Now we will talk about the ZK currency, which was recently listed on many cryptocurrency trading platforms.

ZKsync project

The zkSync project is a layer 2 scaling solution on the Ethereum blockchain designed to improve transaction throughput and reduce costs while maintaining the security of the Ethereum mainnet. Developed by Matter Labs, zkSync leverages zk-rollup technology, which aggregates multiple transactions into a single Ethereum-verified directory, ensuring scalability and security.

Features of zkSync

  • Transactions go through the stages of creation, processing, commitment, and termination. Operators manage these stages and ensure the safety and security of the network.

  • EVM Compatibility zkSync supports smart contracts written in Solidity and Vyper, using custom compilers like zksolc and zkvyper for efficient implementation.

  • Enhances user experience with features such as programmable authorizations and social wallet redemption.

  • Smart contract messages facilitate two-way communication between Ethereum (L1) and zkSync (L2), enabling complex interactions between layers.

  • Low Transaction Costs: Transaction costs on zkSync are around $0.01, making it a cost-effective solution for high-frequency trading and micro-transactions.

  • Scalability: The network can handle up to 400 million transactions, supported by ZK buckets that collect transactions and generate proofs of validity for each batch.

  • Interoperability: zkSync chains are natively interoperable, allowing seamless transfer of assets and communication between different chains within the zkSync ecosystem.

ZK currency

The zkSync project includes ZK token, which serves multiple purposes within the ecosystem, including:

Staking and Governance: ZK tokens can be used for staking, securing the network, and participating in governance decisions to influence future developments of the project. Add that the transaction fees are so low that users can pay transaction fees using ZK tokens, and benefit from low-cost transfers and interactions on the zkSync network.

Buy, sell, trade and stake ZK token

To buy, sell and trade the ZK token for the zkSync project, you have several options. The token is available on many cryptocurrency exchanges, here's a guide on how to buy sell trade the ZK token:

Where to trade ZK token

Major cryptocurrency trading platforms

  • Binance platform, ZK can be traded with USDT and other fiat currencies such as TRY and EUR.

  • Bybit platform, supports trading pairs such as ZK/USDT and ZK/USDC.

  • Gate.io offers trading pairs including ZK/USDT.

  • Bitget platform, recently announced the availability of pre-market and spot trading for ZK.

  • OKX platform, supports staking and trading of ZK tokens.

Steps to buy ZK token

Registration on the stock exchange

Register an account on one of the exchanges that list ZK tokens such as Binance.

Full KYC verification

Most exchanges require identity verification (KYC). Follow the instructions provided by the exchange to verify your account.

Deposit money

Deposit funds into your exchange account. This can be done using fiat currencies (USD, EUR, etc.) or cryptocurrencies (BTC, ETH, USDT).

Buy ZK tokens

  • Go to the trading section on the stock exchange.

  • Select the ZK trading pair you prefer (for example, ZK/USDT).

  • Enter the amount you wish to buy and execute the transaction.

Sell ​​ZK tokens

Go to the trading section of the exchange where you have your ZK tokens.

Select the trading pair ZK

Choose the appropriate trading pair to sell (for example, ZK/USDT).

Executing a sell order

  • Enter the amount of ZK tokens you want to sell.

  • Confirm and execute the sell order.

Staking of ZK tokens

Staking on OKX

  • Transfer BTC or ETH to your funding account.

  • Use the OKX Jumpstart section to stake your tokens and earn rewards in ZK.