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ZKEX is a decentralized multi-chain order book exchange (DEX) that is utilized for the purchase and sale of cryptocurrency from different blockchains. The platform's experience is similar to Binance, FTX, and Coinbase. However, ZKEX plans to be decentralized and non-custodial, with transactions secured by zero-knowledge proofs.
Users can use different stablecoins to purchase multiple coins. After the transactions are verified using zero-knowledge proofs, they are checked a second time by a decentralized network of juries. Users can deposit funds to their ZKEX account with their Metamask wallets and begin trading coins and tokens from different chains like Avalanche, Ethereum, Solana, Polygon, and BNB Smart Chain.
When users deposit funds for trading on ZKEX, they pay gas fees to move the funds to the layer-2 trading layer. However, the funds remain in their custody. They are locked in the wallet until a trade is finished or users decide to withdraw it back from layer 2. ZKEX is built on top of zkLink, Starkware, and zkSync—three L2 zero-knowledge rollups.