Cryptocurrency Q&A
What chain is zkSync on?
What chain is zkSync on?
Alessandra
Fri Sep 13 2024
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7 answers
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Could you please clarify for me which blockchain zkSync is built on? I understand it's a scaling solution for Ethereum, but I'm curious about the specific chain architecture zkSync utilizes to enhance the performance and scalability of Ethereum-based applications. Additionally, could you elaborate on the benefits zkSync offers in terms of transaction speed, privacy, and security when compared to the native Ethereum blockchain?
7 answers
MysticChaser
Sun Sep 15 2024
ZKsync has introduced the Elastic Chain, a revolutionary concept in the world of cryptocurrency. This network of ZK rollups is designed to continually expand, offering users a robust and secure platform for their transactions.
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BlockchainLegendary
Sun Sep 15 2024
The Elastic Chain is secured by advanced mathematical principles, ensuring the safety and integrity of all transactions conducted on the network. This level of security is paramount in the highly competitive and dynamic cryptocurrency market.
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CryptoMercenary
Sat Sep 14 2024
The integration of BTCC's services with the Elastic Chain offers significant benefits to users. For example, traders can use BTCC's wallet to securely store their cryptocurrency holdings, while also taking advantage of the low transaction fees and enhanced user experience offered by the Elastic Chain.
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Andrea
Sat Sep 14 2024
One of the key advantages of the Elastic Chain is its native interoperability. This feature allows for seamless integration and communication between different ZK rollups, creating a more unified and intuitive user experience.
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henry_taylor_architect
Sat Sep 14 2024
Ethereum's rollup-centric roadmap has been instrumental in reducing transaction fees, making it more accessible and attractive to a wider range of users. However, this approach has also led to fragmentation in liquidity and user experience.
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