ZKsync is a verifiable blockchain network that uses mathematical proofs for security and aims to expand continuously.

ZKsync

ZKsync is cutting-edge zero-knowledge (ZK) technology to scale Ethereum and bring crypto to the mainstream — reaching millions of developers and billions of people in need of a technological solution for achieving progress and prosperity. Deeply rooted in its mission to advance personal freedom for all, the ZKsync blockchain network makes digital self-ownership universally available. It is trustless, secure, reliable, censorship-resistant, privacy-preserving, hyperscalable, accessible, and sovereign. To learn more about ZKsync, visit www.zksync.io.

Nodle and Campaign Verify's partnership to verify political identities with trustworthy content is a testament to the power of Blockchain in an era where disinformation threatens democratic stability.

Click’s digital trust network will now enable politicians to authenticate their photos and videos on ZKsync, giving voters the confidence to trust content from politicians online and on social media platforms.

ZKsync stands as a beacon of transparency and reliability in this use case that is crucial for the integrity of U.S. elections and democracy at large.

Read more here: https://lnkd.in/g7p-KECy

The launch of Ether ETFs in the U.S. is a significant milestone for web3. Read why Matter Labs President Nana Murugesan believes Ether ETFs are a “watershed moment” for the industry in this Reuters article.

The team at Space and Time (SxT) is proud to join the Elastic Chain ecosystem by building our very own ZK Chain.

ZKsync's Elastic Chain is a groundbreaking solution to Web3’s fragmentation problem, and SxT is excited to be at the forefront of this innovation.

Today, we’re thrilled to announce the pioneering new capabilities that our research team is delivering to the ZKsync ecosystem.

1. What is SxT?

➡️ SxT is the ZK-proven data layer for ZKsync and the Elastic Chain ecosystem.

Our team built and shipped Proof of SQL—the first sub-second ZK prover for blockchain data—to give smart contracts the ability to trustlessly process data at scale. Before Proof of SQL, this didn’t exist in Web3.

Now, SxT allows contracts in the ZKsync ecosystem to ask data-driven questions about the entire history of ZKsync, other chains, and even offchain data and receive back ZK-proven answers onchain.

ZK Chains can facilitate more sophisticated DeFi, gaming, social, and crypto-native infra:

✅ Query comprehensive data from major chains directly from your smart contract on any ZK Chain in a trustless way. Your DeFi protocol, onchain game, or lending market doesn’t have to wait 30 minutes to get a verified answer back onchain. Instead, SxT provides the data your contract needs within block time.

📩 Seamlessly pass threshold-signed messages from one ZK Chain to another (including data about recent activity on your ZK Chain) to facilitate bridging, rewards, slashing, lending collateral, cross-chain gaming, loyalty programs, analytics, and more.

🔗 Access every single data point, transaction, wallet balance, and smart contract event from each rollup across the ever-expanding network of ZK Chains in a trustless way.

Only with SxT.

2. Supporting the Space and Time Network:

Furthermore, we’re excited to announce that the ZK Chain will be SxT's transactional epicenter, providing…

🏦 The dedicated settlement layer for the SxT network: ZKsync will provide secure and efficient transaction processing to the network. SxT plans to have node operators stake, register with the network, and receive rewards on our ZK Chain.

🌐 The hub chain for all SxT network TVL: SxT plans to accept payments for compute in various tokens and settle liquidity on ZKsync.

3. SxT and the Elastic Chain:

The fragmentation of ETH rollups has achieved impressive cumulative throughput capacity, but at the cost of user experience, capital efficiency, and network integrity.

These problems can be solved with ZK.

➡️ The Elastic Chain is an ecosystem of autonomous ZK Chains, like SxT, that are interconnected natively at the protocol level, allowing both users and liquidity to move between them freely.

Given our alignment to ZK, and the unparalleled interoperability, throughput, verifiability, and security offered by ZKsync, it should be pretty obvious why SxT chose to build our chain on the Elastic Chain.

Join our community: https://lnkd.in/gndaU8WD

Today, ZKsync unveils the Elastic Chain — an ever-expanding network of ZK rollups, secured by math and natively interoperable under a uniform, intuitive UX.

Read the full post here: https://lnkd.in/ePUxwr7w

Circle's #USDC is now available natively on zkSync Era mainnet! The integration of on/off-ramps for USDC on zkSync with Circle Mint and its APIs offers businesses and institutions a gateway into the cryptocurrency market with a stable, efficient, and compliant platform. This not only streamlines financial transactions but also opens up new opportunities for innovation and expansion in the digital currency space.

Lens Protocol, by Avara, is integrating with zkSync to build the next generation of social media. Social media is one of the most powerful forces in the world today, empowering billions of people to connect. Yet the price of this prosperity is paid in user data, enriching corporate giants that trap users in their walled gardens. Building on ZK Stack, Lens will challenge centralization and future-proof online social interaction. 

This development aims to enable:
1. Decentralized social spaces designed for mass adoption
2. “Liquid citizens” who freely move their social capital between networks
3. A fairer and more open digital ecosystem

Check out the details here:
https://lnkd.in/eiWhJ7DR

news impact assignment basic	general
public peers	general	Aug 22, 2024 7:46 PM	5861be41
news daily refresh	general
news processing daily refresh	general
news impact assignment daily	general
news processing basic	general
company summary	general
signals	general
crunchbase trigger	general	Nov 27, 2024 12:50 PM	f588f151
crunchbase profile	general
li profile	general	Aug 22, 2024 7:46 PM	2760818a
translate crunchbase fundingrounds	general
peers	general	Aug 22, 2024 7:46 PM	79f9534b
news basic	general	Aug 22, 2024 7:46 PM	6bbc2ce8
bundesanzeiger	filings
merger acquisitions	company_analysis
financials download nd	financials
private financials	financials

IO:ZKSYNC

ZKsync