Altcoins News
By Maheen Hernandez
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ZKSwap is a ZK-Rollups based layer-2 DEX with the AMM model. It is officially launched on the Ethereum Mainnet.
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The innovative changes in the blockchain network has led to explosive growth for DeFi. The value locked in DeFi Protocols has crossed several billion US Dollars.
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To put these assets to real-time use, there is a need for trust-free, frictionless, fast, and real-time exchange services which in turn has led to the coming of several (DEX)…
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There are drawbacks despite the developments and the most obvious of them are the high gas fee. The high gas fees prevents the entry for several new users.
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The ZKSwap is a ZK-Rollups based swap protocol based on the ZK-Rollups Technology. Using this technology all the ERC20 tokens are transferred to Layer2.
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Thus, all exchanges will be able to execute on Layer 2 providing for real-time swap with Zero Fees.
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The good thing about the ZKSwap is that it enables a smooth user experience like that which is available in centralized exchanges; however, at the same time the users will have…
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It is believed that the ZKSwap way of trading will trigger a significant evolution of all the existing DEX and CEX.
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ZKSwap recently expressed, zk-rollup achieved a trustless layer2 solution using a lot of computation power to generate zk proof in real time between layer2 and layer1.
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Also, The zk proof verification time is always 30 minutes late than the commit time because the zk proof system is waiting for 20 l2 blocks to aggregate.
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