Introduction to zkSync
The Ethereum network was designed to be a scaling solution not just for its own blockchain but also for the crypto ecosystem as a whole.
zkrollups
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The Ethereum network was designed to be a scaling solution not just for its own blockchain but also for the crypto ecosystem as a whole.
Loopring is a decentralized protocol that uses zero knowledge proofs, otherwise known as ZK-rollups, to create faster and cheaper fees on the while maintaining security.
There a few different types of ZK Rollup projects that are designed by specific companies for certain functions.
Zero-knowledge rollup (ZK Rollup) is a Layer 2 blockchain technology. Layer 2 scales applications to offer the same level of security of layer 1, i.e.,
Rollups process transactions off-chain, primarily on a rollup-specific chain, and then batches, compresses, and delivers the transaction data to the main Ethereum chain.