The post How to bridge to zkSync appeared on BitcoinEthereumNews.com.

Uncover the step-by-step process of moving cryptocurrency to and from zkSync, ensuring smooth and effortless transactions. Ethereum, the leading blockchain for decentralized applications (DApps), faces a significant challenge with scalability. With increasing user adoption, transaction fees have skyrocketed, hindering mainstream usage. ZkSync has emerged as a promising solution, aiming to address this issue while preserving Ethereum’s security and decentralization. ZkSync is a zero knowledge (ZK) rollup scaling solution built on top of the Ethereum blockchain. It leverages ZK-proofs, a cryptographic technique, to process transactions off-chain (layer 2 or L2) while inheriting Ethereum’s security features (layer 1 or L1). ZkSync is the brainchild of Matter Labs, a team of passionate blockchain engineers and entrepreneurs. Alex Gluchowski, co-founder and CEO of Matter Labs, is a prominent figure in the Ethereum community recognized for his contributions to scaling solutions. The team’s strong technical expertise and dedication to decentralization are critical drivers behind zkSync’s success. Read more Source: https://cointelegraph.com/news/how-to-bridge-to-zksync

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Filed under: News - @ May 16, 2024 8:28 am