zkSync

About

zkSync is a Layer 2 scaling solution designed to enhance the performance of the Ethereum blockchain. It utilizes zero-knowledge rollups (zk-rollups) to process transactions off-chain, bundling them into a single proof that is then verified on the Ethereum mainnet. This approach significantly increases transaction throughput and reduces costs, making it an attractive option for applications requiring high scalability and low fees. zkSync maintains the security and decentralization of Ethereum while offering features like instant transaction finality and compatibility with existing Ethereum smart contracts. It supports advanced cryptographic techniques for efficient data compression, allowing for more transactions per batch. The technology is evolving with innovations like Hyperchains, which enable customizable blockchain configurations, further enhancing scalability and usability for decentralized applications.