Difference between revisions of "ZkSync (ZKS)"

Revision as of 04:36, 22 May 2022

Basics

Based in:
Founded in:
Mainnet release: 18-6-2020

History

Audits & Exploits

Bug bounty program can be found [insert here].

Bugs/Exploits

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token got confirmed on 3-5-2022.

Token allocation

Utility

From their docs (3-5-2022):

"When zkSync becomes fully decentralized, the token will be used for staking in order to become a validator in the zkSync network. More details to come."

Token Details

Stablecoin

Tech

Whitepaper can be found [insert here].
Code can be viewed [insert here].
Built on:
Programming language used:

Transaction Details

Capacity (TPS):
Latency:

How it works

From CoinDesk (5-12-2019):

"Funds move between users inside the smart contract, which is orchestrated by validators and guardians. When a contract is open, validators package transactions into blocks. Elected by guardians, validators have a near-perfect probabilistic guarantee of participating honestly with safety features such as built-in collateral (to disincentivize cheating). Users also decide when a contract closes, sending funds back to the main ethereum chain."

Staking

Other Details

Oracle Method

zkSync will integrate with Chainlink (11-11-2021).

Privacy Method

Their Other Projects

zkPorter

zkPorter is a new L2 scaling technique combining zkRollup and sharding in a highly scalable yet atomically composable blockchain network.

zkSync

Is behind zkSync.
Roadmap can be found here (27-3-2021), it will involve a Zinc virtual machine.
Had an update (14-7-2021):

"The update will add support for swaps, NFTs, a new event system and permissionless token listing to the zkSync layer 2 rollup."

From Bankless (18-11-2021):

"The highest capacity measured so far was during a Gitcoin grants round that saw a peak load of 20,000 transactions per hour—5.6 TPS. Though it is a significant amount less than the 18,000 transfers demonstrated by StarkEx, it was sustained for an entire hour."

Usage

From Our Network #45 (30-10-2020):

"Live with payment support since June 2020, zkSync has processed over 300,000 transactions in total. The Gitcoin grants round 7 was one big driver in transaction volume, starting on 15th September and ending on 2nd October. It is worth noting that there are no block rewards or delegations on the current zkSync network yet and therefore all 300,000 transactions represent real interactions between users. 1inch’s Mooniswap and Balancer are currently in the process of completing their integrations as well."

Projects that use it / build on top of it:

Argent; plans to integrate it (16-3-2021).
Curve implemented (11-10-2020) on zkSync’s Zinc VM, live on testnet.
Gitcoin. Used by Gitcoin (11-9-2020).

Partners

imToken has joined with Matter Labs to support zkSync (29-3-2021)

Roadmap

Can be found here (3-5-2022).

Usage

Projects that use or built on it

Curve, Aave, Balance, 1inch, Loopring (9-3-2021)

Pros and Cons

Pros

Cons

Competition

Team, Funding, Partners

Team

Full team can be found [here].
Alex Gluchowski; CEO

Funding

From their blog (1-3-2021):

"This [undisclosed amount] round is led by Union Square Ventures, Cloudflare, Firebase, Twilio, MongoDB, and Coinbase. It also includes our existing investors — Placeholder, 1kx, and Dragonfly — who have provided us with incredible support over the last two years."

From their blog (8-11-2021):

"Announced US$50M in new funding today (in addition to US$6M raised at Series A in February this year).

The Series B financing was led by Andreessen Horowitz and included existing investors Placeholder, Dragonfly, and 1kx. A second financing was closed with strategic partners such as Blockchain.com, Crypto.com, Consensys, ByBit, OKEx, Alchemy, Covalent and joined by the founders and leadership of AAVE, Paraswap, Lido, Futureswap, Gnosis, Rarible, Aragon, Liquity, Celer, Connext, Perpetual, Euler, Opium, and 70 more."

Partners

Participated (9-2019) in the Ignition MPC ceremony for PLONK organized by AZTEC Protocol.

(:

Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31

@@ Line 16: / Line 16: @@
 == Token ==
 === Launch ===
+* [[Token]] got [https://docs.zksync.io/userdocs/tokenomics.html confirmed] on 3-5-2022.
 === Token allocation ===
 === Utility ===
+* From their [https://docs.zksync.io/userdocs/tokenomics.html docs] (3-5-2022):
+''"When zkSync [https://docs.zksync.io/userdocs/decentralization.html#how-decentralized-is-zksync becomes] fully [[decentralized]], the token will be used for [[Proof-of-Stake (PoS)|staking]] in order to become a [[validator]] in the zkSync network. More details to come."''
 === Token Details ===
 === Stablecoin ===
@@ Line 30: / Line 38: @@
 === How it works ===
 * [https://www.coindesk.com/matter-labs-unveils-layer-2-scaling-solution-for-ethereum-payments From] [[CoinDesk]] (5-12-2019):
-"''Funds move between users inside the [[smart contract]], which is orchestrated by validators and guardians. When a contract is open, validators package transactions into [[blocks]]. Elected by guardians, validators have a near-perfect probabilistic guarantee of participating honestly with safety features such as built-in collateral (to disincentivize cheating). Users also decide when a contract closes, sending funds back to the [[Main chain|main]] ethereum chain."''
+"''Funds [[move]] between users inside the [[smart contract]], which is orchestrated by [[validators]] and guardians. When a [[contract]] is open, validators package transactions into [[blocks]]. Elected by guardians, validators have a [[near]]-perfect probabilistic guarantee of participating honestly with safety features such as built-in collateral (to disincentivize cheating). Users also decide when a contract closes, sending funds back to the [[Main chain|main]] [[ethereum]] chain."''
 === Staking ===
@@ Line 42: / Line 50: @@
 === zkPorter ===
-* [https://medium.com/matter-labs/zkporter-composable-scalability-in-l2-beyond-zkrollup-2a30c4d69a75 zkPorter] is a new L2 scaling technique combining [[zkRollup]] and [[sharding]] in a highly scalable yet atomically composable blockchain network.
+* [https://medium.com/matter-labs/zkporter-composable-scalability-in-l2-beyond-zkrollup-2a30c4d69a75 zkPorter] is a new L2 scaling technique combining [[zkRollup]] and [[sharding]] in a highly scalable yet atomically composable [[blockchain]] network.
 === zkSync ===
@@ Line 49: / Line 57: @@
 *Had an [https://twitter.com/zksync/status/1412438673497284608 update] (14-7-2021):
-''"The update will add support for swaps, [[Non Fungible Tokens (NFTs)|NFTs]], a new event system and [[Public Blockchains|permissionless]] token listing to the zkSync layer 2 rollup."''
+''"The update will add support for [[swaps]], [[Non Fungible Tokens (NFTs)|NFTs]], a new event system and [[Public Blockchains|permissionless]] token listing to the zkSync [[layer 2]] rollup."''
 * [https://newsletter.banklesshq.com/p/the-best-comparison-on-zkrollups?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0NDE3NjMyOSwiXyI6IjNtM29qIiwiaWF0IjoxNjM4NTAyNjIyLCJleHAiOjE2Mzg1MDYyMjIsImlzcyI6InB1Yi0xNjAxNSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.1T0tTzQkvtLof From] [[Bankless DAO (BANK)|Bankless]] (18-11-2021):
@@ Line 57: / Line 65: @@
 ==== Usage ====
 * [https://ournetwork.substack.com/p/issue-45?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjoxNjE1ODkyNCwiXyI6IlUva0lWIiwiaWF0IjoxNjA0MTI3ODAyLCJleHAiOjE2MDQxMzE0MDIsImlzcyI6InB1Yi0yMTM2MiIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.4rd-UQWdD2-Cji0W3-f4U2dpV7mL6Eg518GaGuhLJDk From] [[Our Network]] #45 (30-10-2020):
-"''Live with payment support since June 2020, zkSync has processed over 300,000 [[transactions]] in total. The [https://gitcoin.co/blog/gitcoin-grants-round-7/ Gitcoin grants round 7] was one big driver in transaction volume, starting on 15th September and ending on 2nd October. It is worth noting that there are no [[block rewards]] or delegations on the current zkSync network yet and therefore all 300,000 transactions represent real interactions between users. [[1inch]]’s Mooniswap and [[Balancer]] are currently in the process of completing their integrations as well."''
+"''Live with payment support since June 2020, zkSync has processed over 300,000 [[transactions]] in total. The [https://gitcoin.co/blog/gitcoin-grants-round-7/ Gitcoin grants round 7] was one big driver in [[transaction]] volume, starting on 15th September and ending on 2nd October. It is worth noting that there are no [[block rewards]] or delegations on the current zkSync network yet and therefore all 300,000 transactions represent real interactions between users. [[1inch]]’s [[Mooniswap]] and [[Balancer]] are currently in the process of completing their integrations as well."''
 ==== Projects that use it / build on top of it: ====
@@ Line 70: / Line 78: @@
 == Roadmap ==
-* Can be found [Insert link here].
+* Can be found [https://docs.zksync.io/userdocs/roadmap.html here] (3-5-2022).
 == Usage ==
@@ Line 95: / Line 103: @@
 ''"Announced US$50M in new funding today (in addition to US$6M raised at Series A in February this year).''
-''The Series B financing was led by [[Andreessen Horowitz]] and included existing investors [[Placeholder]], [[Dragonfly Capital Partners|Dragonfly]], and [[1kx]]. A second financing was closed with strategic partners such as [[Blockchain.com]], [[Crypto.com (CRO)|Crypto.com]], [[Consensys]], [[ByBit]], [[OKEx (OKB & OKT)|OKEx]], Alchemy, [[Covalent Network (CQT)|Covalent]] and joined by the founders and leadership of [[Aave (AAVE)|AAVE]], [[Paraswap]], [[Lido (LDO)|Lido]], [[Futureswap (FST)|Futureswap]], [[Gnosis (GNO)|Gnosis]], [[Rarible (RARI)|Rarible]], [[Aragon (ANT)|Aragon]], [[Liquity (LQTY)|Liquity]], [[Celer (CELR)|Celer]], [[Connext]], [[Perpetual Protocol (PERP)|Perpetual]], [[Euler]], [[Opium Protocol (OPIUM)|Opium]], and 70 more."''
+''The Series B financing was led by [[Andreessen Horowitz]] and included existing investors [[Placeholder]], [[Dragonfly Capital Partners|Dragonfly]], and [[1kx]]. A second financing was closed with strategic partners such as [[Blockchain.com]], [[Crypto.com (CRO)|Crypto.com]], [[Consensys]], [[ByBit]], [[OKEx (OKB & OKT)|OKEx]], [[Alchemy]], [[Covalent Network (CQT)|Covalent]] and joined by the founders and leadership of [[Aave (AAVE)|AAVE]], [[Paraswap]], [[Lido (LDO)|Lido]], [[Futureswap (FST)|Futureswap]], [[Gnosis (GNO)|Gnosis]], [[Rarible (RARI)|Rarible]], [[Aragon (ANT)|Aragon]], [[Liquity (LQTY)|Liquity]], [[Celer (CELR)|Celer]], [[Connext]], [[Perpetual Protocol (PERP)|Perpetual]], [[Euler]], [[Opium Protocol (OPIUM)|Opium]], and 70 more."''
 === Partners ===
-* [https://medium.com/matter-labs/zksync-is-live-bringing-trustless-scalable-payments-to-ethereum-9c634b3e6823 Participated] (9-2019) in the Ignition MPC ceremony for PLONK organized by [[AZTEC Protocol]].
+* [https://medium.com/matter-labs/zksync-is-live-bringing-trustless-scalable-payments-to-ethereum-9c634b3e6823 Participated] (9-2019) in the Ignition MPC ceremony for [[PLONK]] organized by [[AZTEC Protocol]].
 ==(:==
@@ Line 105: / Line 113: @@
 Making these free wiki pages is fun but takes a lot of effort and time.
-If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.
+If you have enjoyed reading, tips are appreciated :) This will help us to [[keep]] expanding this archive of information.
 [[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
 [[Category:Companies/Organisations]]