If you're interested in decentralized finance (DeFi), you may have heard of zkSync Era. A new layer-2 scaling solution built on Ethereum that offers faster and cheaper transactions than the main Ethereum network. In this article, we'll explore the zkSync Era and compare it to our very own Bitfinity network.
What is zkSync Era?
zkSync Era is the first Ethereum-compatible ZK roll-up, which uses ZK roll-ups to scale Ethereum and make transactions faster and cheaper than on the Ethereum mainnet. It is also compatible with the Ethereum Virtual Machine (EVM), making it easy to deploy applications built for the Ethereum mainnet onto zkSync Era. Since its launch in March 2022, the ecosystem has seen explosive growth. Almost $212M has been bridged, demonstrating clear demand from both users and developers.
What is zkSync's LLVM compiler?
zkSync delivers a Low-Level Virtual Machine (LLVM) compiler that translates code written in one language into another. While zkSync is EVM-compatible, its LLVM compiler achieves EVM-equivalence, allowing code to be deployed on zkSync after being compiled with the LLVM compiler.
How does it differ from the Internet Computer?
Solutions like Polygon zkEVM allow projects on Ethereum to port their applications directly without code changes. However, deploying on zkSync Era requires compiling the code using the LLVM compiler.
Hyperscalability will introduce "Hyperchains", which are separate zk-chains connected with trustless "hyperbridges". This would theoretically remove any capacity limit on zkSync Era's total throughput.
What is the Future of the zkSync Ecosystem?
The zkSync ecosystem is still in its early stages, but it's certainly one to watch as it continues to grow and attract users and developers. With a range of exciting projects asserting themselves as pioneers in this emerging ecosystem, the future's looking bright. As more partnerships are formed, and integrations announced, we can expect to see continued growth, innovation, and adoption.
While there is no certainty that you can earn a zkSync airdrop, you can always increase your chances of qualifying by completing specific tasks on both zkSync Lite and zkSync Era.
The zkSync ecosystem has seen explosive growth and has attracted a range of exciting projects. It's important to note that these DeFi projects on zkSync Era are small and highly risky. You should only invest money that you're willing to lose and do your own research before investing in any of these projects. Additionally, the high APRs may be due to high inflation, so be cautious when buying tokens.
Connect with Bitfinity Network
*Disclaimer: While every effort is made on this website to provide accurate information, any opinions expressed or information disseminated do not necessarily reflect the views of Bitfinity itself.