ZK-rollup has become an integral part of the Series 2 listening experience. What is your current situation?

The scalability of the Ethereum network has been the subject of controversy in the cryptocurrency ecosystem for years, largely due to high costs and network congestion during peak demand.

As the ultimate solution to Ethereum's scalability problem, the final solution is the ZK rollup, an extension that runs chains and sends them to chains via proof of validity.

Zk Rollup Season - cryptowarlord.eth (͡ ° ͜ʖ͡ °) (@CryptoWarlordd) 7 décembre 2021

The policies that were chosen to implement growth support earlier this year, such as Happiness and Arbitrum, were heralded and touted as the best fit for Ethereum. But with the exception of Arbitrum, the hype surrounding those rules is gone. , when grid demand is high, even the best expectations cost more than expected.

First success in 2021

Although the expectation of a good resolution remains in the spotlight, the proposal uses the ZK winding mode silently to prove its strength. dYdX is an on-going contracts and futures exchange and its partnership with StarkWare made it one of the early adopters of ZK stacking technology. StarkWare's StarkNet network is an unlicensed ZK distribution rollup.

So far, the platform has performed well, sometimes with 24 hour volume higher than Coinbase.

Loopring (LRC) is another contract that uses ZK stacks to reduce exchange rates and increase competition, pushing the price of LRC to $ 3.83 in November.

LRC / USDT 1 day chart Source: TradingView

The ZK rollup could be the next “spin” for traders.

After all transactions fell last week, ZK rollup has become a hot topic in the crypto space.

Polygon, the second platform in the Ethereum network, announced the news following the announcement of the acquisition of Mir, a project to develop the PLONK and Halo zero-knowledge certification subcategories.

Polygon co-founder Sandeep Nailwal said Polygon's investment of 250 million MATIC tokens "is to explore and support all possible values ​​and advanced technologies at this point." Polygon offers the lowest cost of all custom Ethereum networks.

Another promising protocol is zkSync, which has received more and more attention recently. It's a solution developed by Matter Labs, which received $ 50 million Series B funding in November, led by Andreessen Horowitz.

Total deposits zkSync vs. All special users

According to Digital Delphi, the two main functions of zkSync are the ZigZag exchange and the Gitcoin financial platform. According to Delphi Digital Analyst,

"Based on the L2 data rate, this is the cheapest to trade ZigZag tokens through zkSync."