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zkSync

zkSync

zkSync is a scaling and privacy engine for Ethereum.

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zkSync is a scaling and privacy engine for Ethereum with functionality scope including transfers of ETH and ERC20 tokens in the Ethereum network, atomic swaps and limit orders, plus native L2 NFT support. zkSync is developed on zkRollup architecture and was created by Matter Labs.

zkRollup refers to an L2 scaling solution in which funds are held by a smart contract on the mainchain, and computation and storage are performed off-chain. For each Rollup block, a state transition zero-knowledge proof (SNARK) is generated, then verified by the mainchain contract. This SNARK includes the proof of the validity of transactions in the Rollup block. In addition, the public data update for each block is published over the mainchain network in the call data.

Some capabilities of zkSync include:

  • Scaling: zkSync, as a scaling solution, is capable of making transfers.
  • Smart-contract Friendly: zkSync is smart-contract friendly. From February 2022, zkSync 2.0 testnet became live and featured smart contracts in Solidity or reusing existing Solidity code.
  • Exchanges: zkSync allows exchanges. Atomic swaps, a major component of exchange protocols, are available on the mainnet.
  • NFTs: zkSync possesses native support of NFTsand users can try it out in their wallet.

Timeline

Patents

Open in Query Tool

Further Resources

Title
Author
Link
Type
Date

Introduction to zkSync for Developers | zkSync: secure, scalable crypto payments

https://zksync.io/dev/

Web

L2 scalability and zkSync (Edcon talk)

https://www.youtube.com/watch?v=el-9YYGN1nw

Web

August 10, 2020

Matter Labs

https://blog.matter-labs.io/?gi=4da587c32eea

Web

January 14, 2022

Matter Labs

https://www.youtube.com/c/MatterLabs

Web

Matter Labs Announces $50M in New Funding for zkSync

Matter Labs

https://blog.matter-labs.io/funding-ea89c1fa731e?source=collection_home---4------3-----------------------

Web

November 8, 2021

References

docs.zksync.io/userdocs
wallet.zksync.io
zksync.io
Is a
Cryptocurrency
Cryptocurrency
Software
Software
Organization
Organization

Cryptocurrency attributes

Industry
Decentralized autonomous organization (DAO)
Decentralized autonomous organization (DAO)
Cosmos
Cosmos
Cryptocurrency
Cryptocurrency
Blockchain
Blockchain
Technology
Technology
Decentralized Finance
Decentralized Finance
...
Block Explorer URL
github.com/matter-labs
guild.xyz/zksync-official
zksync2-testnet.zksync.dev
zksync.io
twitter.com/zksync
reddit.com/r/zkSync/
youtube.com/c/MatterLabs
t.me/zksync
...

Organization attributes

Location
Netherlands
Netherlands
United States
United States
Parent Organization
Matter Labs
Matter Labs
Founded Date
June 15, 2020

Software attributes

Community Forum
community.zksync.io
Repository URL
github.com/matter-labs/zksync

Other attributes

B2X
B2B
B2B
Blog
medium.com/matter-labs
Business Model
Commerce
Transaction processing / marketplace
Company Operating Status
Active
Strategic Partnerships
ZigZag
ZigZag
5
Argent (company)
Argent (company)
6
SyncSwap
SyncSwap
7
DBS DAO
DBS DAO
Forward Protocol
Forward Protocol
8
Orbiter
Orbiter
Domani Protocol
Domani Protocol
SpaceFi
SpaceFi
...
Competitors
StarkNet
StarkNet
StarkWare
StarkWare
Binance BNB
Binance BNB
Polygon
Polygon
11
Gnosis Chain
Gnosis Chain
PlatON (LAT)
PlatON (LAT)
Polkadot (cryptocurrency)
Polkadot (cryptocurrency)
...
Email Address
support@zksync.io
Founder
Alex Gluchowski
Alex Gluchowski
Funding Round Investor
Andreessen Horowitz (a16z)
Andreessen Horowitz (a16z)
Investors
OKX
OKX
Dekrypt Capital
Dekrypt Capital
Coinbase Ventures
Coinbase Ventures
Bybit
Bybit
13
Hashed
Hashed
Covalent Capital
Covalent Capital
Aave
Aave
...
Latest Funding Round Date
November 8, 2021
Latest Funding Round Amount (USD)
50,000,000
Latest Funding Type
Series B round
Series B round
Medium URL
matterlabs.medium.com
Motto/Tagline
Rely on math, not validators
Partner Organizations
Cryptoswap
Cryptoswap
Crypto.com
Crypto.com
Banxa
Banxa
Huobi
Huobi
FoxWallet
FoxWallet
Go Pocket
Go Pocket
XID Network
XID Network
Taho
Taho
...
Related Industries
Blockchain
Blockchain
Cryptocurrency
Cryptocurrency
Non-fungible token (NFT)
Non-fungible token (NFT)
‌
Decentralized Autonomous Organization
Web3
Web3
Decentralized Finance
Decentralized Finance
Stock Symbol
ZKS
Total Funding Amount (USD)
58,000,000
Wallet
wallet.zksync.io

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