Thursday, April 24, 2025

zkSync Layer 2 Network

ZK is theEndgame

zkSync, developed by Matter Labs, is a layer-2 scaling solution for Ethereum that leverages zero-knowledge rollups (zk-rollups) to enhance transaction speed and reduce costs. Launched in 2020, zkSync processes transactions off-chain while maintaining security and data integrity through cryptographic proofs. This approach allows for high throughput and low fees, addressing Ethereum’s scalability challenges. zkSync is designed to be fully compatible with Ethereum, enabling developers to deploy existing smart contracts with minimal adjustments. By providing faster and cheaper transactions, zkSync supports the growth of decentralised applications and the broader Ethereum ecosystem.

zkSync Whitepaper

zkSync News

Web3 Security

ZKsync Hack $5 Million in Controlled Return

yfarmx - 0
ZKsync’s recent exploit resolution highlights the uneasy normalisation of bounty-based restitution in decentralised finance. While the protocol successfully recovered nearly $5 million through a safe-harbour arrangement, the broader context—$1.67 billion in quarterly crypto losses—underscores how rare such recoveries have become. As administrative keys remain a critical vulnerability, governance now faces the more delicate task of deciding what restitution, if any, looks like in practice.
Guides

A Guide to Custom Base Tokens in the ZKsync Stack

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A concise yet comprehensive guide to setting up and managing custom base tokens in ZKsync, underscoring the protocol’s evolving possibilities for chain sovereignty and reduced gas fees.

zkSync and Avalanche Discord Breaches Underscore Urgent Need for Enhanced Security

Aave v3 Set to Launch on ZKsync Era

A Guide to ZK Hyperchains

ZK Price

ZK to USD Converter

About us

Crypto news that matters, education you’ll actually use, and security tips to keep your assets safer. We give readers the critical analysis and information they need to make smarter decisions and to better understand emerging web 3.0 technologies.

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Latest News

Federal Reserve Relaxes Crypto Oversight for Banks

Regulation 0
In a notable departure from its previous stance, the Federal Reserve has withdrawn guidance requiring banks to seek approval before engaging in crypto and stablecoin activities. The move, which aligns with similar steps by the FDIC, shifts regulatory scrutiny from pre-emptive barriers to standard supervisory review—effectively reframing crypto engagement as a matter of risk management, not special permission.

ZKsync Hack $5 Million in Controlled Return

Web3 Security 0
ZKsync’s recent exploit resolution highlights the uneasy normalisation of bounty-based restitution in decentralised finance. While the protocol successfully recovered nearly $5 million through a safe-harbour arrangement, the broader context—$1.67 billion in quarterly crypto losses—underscores how rare such recoveries have become. As administrative keys remain a critical vulnerability, governance now faces the more delicate task of deciding what restitution, if any, looks like in practice.

SBF Speaks from Behind Bars

Regulation 0
From behind the bars of a high-security prison, Sam Bankman-Fried passionately defended his innocence in the FTX collapse during a phone call with The New York Sun, hinting at a political pivot toward Trump and criticising the legal process that led to his 25-year sentence.

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