Wednesday, October 16, 2024

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

Avalanche

zkSync and Avalanche Discord Breaches Underscore Urgent Need for Enhanced Security

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Both zkSync and Avalanche found their official Discord servers compromised today.
DeFi

Aave v3 Set to Launch on ZKsync Era

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Aave v3 is set to launch on ZKsync Era, bringing enhanced scalability, privacy, and security to DeFi users through zero-knowledge technology. This integration will allow for faster, cheaper transactions and unlock new institutional use cases, while maintaining robust liquidity and risk management features.

A Guide to ZK Hyperchains

ZK Price

ZK to USD Converter

About us

YFarmX is a web3 media brand that delivers breaking news and premium insights about digital assets. As part of our editorial content, we provide learners with 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

SBF Appeal Seeks to Overturn Conviction, Cites Judicial Bias

Solana News 0
Sam Bankman-Fried has filed an appeal seeking a retrial of his fraud conviction, citing judicial bias and claiming that the original trial was unfair. His legal team argues that the judge's actions compromised the fairness of the trial, leading to an unjust conviction.

UK Parliament Introduces New Bill to Recognise Cryptocurrencies as Personal Property

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The UK Parliament has introduced the Property (Digital Assets etc) Bill, officially recognising digital assets like Bitcoin, NFTs, and carbon credits as personal property. This new legislation provides owners with legal protections against fraud and theft, positioning the UK as a global leader in crypto law.

TADA Partners with TON to Introduce Web3-Powered Ride-Hailing

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TADA, a leading ride-hailing service in Southeast Asia, has partnered with the TON Foundation to launch TADA Mini, a Telegram-based app that integrates Web3 technology into ride-hailing. Users can now book rides directly through Telegram and pay with cryptocurrencies like $TON or $USDT-TON. This collaboration marks a step forward in mainstreaming blockchain technology and cryptocurrency adoption in everyday services.

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