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Sync Swap

Sync Swap

SyncSwap is a powerful and seamless decentralized exchange built on zkSync 2.0, the Ethereum ZK Rollup.

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syncswap.xyz
Is a
Product
Product
Cryptocurrency
Cryptocurrency

Product attributes

Competitors
Increment finance
Increment finance

Cryptocurrency attributes

Announcement URL
mirror.xyz/0x000002c...m7eHkjTQ4M

Other attributes

CEO
Alex Gluchowski
Alex Gluchowski

SyncSwap is a powerful automated decentralized exchange built on zkSync version 2. The authors of the project call it the future leading edge of Ethereum development. I suggest getting a closer look at the project.What is zkSync 2.0

It is a special tool built on zkRollup that significantly speeds up transaction processing speed with Ethereum. "Significantly" in this case means accelerating from 15 transactions per second to 2,000 transactions in the same period. Impressive, isn't it?

How is this achieved? By using a sidechain to store transaction data. The main blockchain is not used for this purpose. To validate the data before sending it to the destination blockchain, a special protocol with zero disclosure (hence "zk" - "zero knowledge") is used. SyncSwap is built on zkSync 2.0, and the authors make a pretty convincing argument for why it is the right choice: zkSync uses zero-disclosure evidence, which is very important for a trading floor because it combines a high level of data security and privacy with excellent scalability. In addition, the scheme places all responsibility for the transaction on the participants, there is no way for third parties to interfere or interfere with it.

zkSync is compatible with the Ethereum Virtual Machine and complies with Web3 API standards. The project team thinks this is a very good thing, as it opens up the possibility of more easily adapting their brainchild for a wider range of projects. And for users, it means they will be able to use SyncSwap together with other projects that are implemented in the same environment.

What features does SyncSwap have?

There are quite a few of them, and they will definitely appeal to those who are actively involved in trading on exchanges, especially if your main assets are held in ETH.

- Support for metrics for each pool;

- Flexible commission system, allowing you to choose the most advantageous work format;

- Advanced routers;

- Opportunity to participate in the development of the project for token holders on a vote escrow model.

But the main advantage of SyncSwap is, of course, the user-friendly and intuitive interface, which allows even not the most technically savvy users to access the powerful tools of the second level of protection and conduct operations quickly, comfortably and safely.

So if you are interested in new exchanges and new ways to protect information in blockchains, be sure to try SyncSwap and make your own opinion. The project is very interesting and, by all appearances, promising. There is an opportunity to become a member and get among the first access to the tools of the future.

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Further Resources

Title
Author
Link
Type
Date

The zkEVM is Here | Alex Gluchowski of zkSync

https://www.youtube.com/watch?v=1nPdS_2SQbY

Web

March 1, 2022

References

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