ZKsync Information

ZKsync is a Layer 2 solution aiming to enhance Ethereum's scalability by using zero-knowledge proofs to facilitate fast and secure transactions. With its focus on reducing gas fees and improving transaction throughput, it offers users a more efficient platform for decentralized applications. By prioritizing security and cost-efficiency, ZKsync is positioned to be a significant player in the Ethereum ecosystem.

ZKsync

$0.16

Title : ZKsync
Symbol : zk
Current Price $ : 0.159384 $
High 24h : 0.163202 $
Low 24h : 0.147412 $
Price Change 24h : 0.00468936 $
Price Change % 24h : 3.03136 %
Market Cap : 586301495
Whitepaper : https://docs.zksync.io/
Website : https://zksync.io/
Community : https://zksync.mirror.xyz/
Total Volume : 86599176
Market Cap Change 24h : 11142564
Market Cap Change % 24h : 1.9373 %
Circulating Supply : 3675000000
Total Supply : 21000000000
Max Supply : 21000000000
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 0.320983
ATH Change % : -50.33567 %
ATH Date : 2024-06-17 07:44
All Time Low (ATL) : 0.08305
ATL Change % : 91.94987 %
ATL Date : 2024-08-05 06:45

more information

An Introduction to ZKsync

ZKsync, often represented by its symbol 'zk', is a notable player in the ever-evolving landscape of cryptocurrencies, especially known for its innovative approach to scalability and privacy on the Ethereum blockchain. As a layer-2 protocol, ZKsync aims to deliver faster transaction times and significantly reduced fees, which is vital given the scalability challenges currently faced by Ethereum.

Advantages of ZKsync

One of the primary advantages of ZKsync is its ability to enhance transaction efficiency. By leveraging zk-rollups, this protocol can batch multiple transactions into a single one, thereby minimizing the computational demand on the Ethereum network. This translates into quicker transaction confirmations and much lower fees for users, making it an attractive option for both developers and end-users.

Another benefit is the security and privacy features offered by ZKsync. The zero-knowledge proofs inherent in this technology ensure that while data can be validated, it remains private. This is a critical feature for users who prioritize confidentiality in their digital transactions.

Challenges Facing ZKsync

Despite the promising features of ZKsync, it faces several challenges. One of the primary concerns is adoption. For ZKsync to realize its full potential, widespread adoption among developers and platforms is necessary. This requires not only education and demonstration of its benefits but also a commitment to long-term development and support.

Integration complexity is also a factor. As with many new technologies, the initial setup and integration of ZKsync can be intricate, potentially deterring those entities without the resources to handle such complexities.

Historical Performance of ZKsync

ZKsync has experienced a volatile journey since its inception. The coin reached its all-time high (ATH) of $0.320983 in mid-2024, which marked a significant peak in its price trajectory. However, subsequent months saw a steep decline, with the value dropping approximately 56.87% from its ATH, indicative of the broader volatility inherent in the crypto market.

Notably, ZKsync reached its all-time low (ATL) of $0.08305 just a few weeks past its ATH. It has since recovered by approximately 66.70%, reflecting some degree of stabilization. This recovery is a testament to the resilience of the coin amidst the unpredictable crypto environment.

Future Outlook for ZKsync

The future of ZKsync appears promising, provided that it continues to address the scalability and cost issues plaguing the Ethereum network. As decentralized finance (DeFi) and other blockchain applications continue to grow, ZKsync's role as a cost-effective and efficient solution could see increased utilization.

Moreover, considering the ongoing advancements and potential adoption of Ethereum 2.0, ZKsync may play a crucial supplementary role, providing even greater scalability alongside Ethereum's own upgrades.

In conclusion, while challenges remain, the potential for ZKsync to significantly impact the crypto ecosystem is tangible. As more developers and platforms recognize the value of layer-2 solutions, ZKsync may well become an integral part of the broader blockchain infrastructure.

General Information
from price $0
Title ZKsync
Symbol zk
Whitepaper https://docs.zksync.io/
Website https://zksync.io/
Community https://zksync.mirror.xyz/
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 0.159384 $
High 24h 0.163202 $
Low 24h 0.147412 $
Price Change 24h 0.00468936 $
Price Change % 24h 3.03136 %

Market Data
Market Cap 586301495
Total Volume 86599176
Market Cap Change 24h 11142564
Market Cap Change % 24h 1.9373 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 3675000000
Total Supply 21000000000
Max Supply 21000000000

Historical Data
All Time High (ATH) 0.320983
ATH Change % -50.33567 %
ATH Date 2024-06-17 07:44
All Time Low (ATL) 0.08305
ATL Change % 91.94987 %
ATL Date 2024-08-05 06:45