ZKBase (ZKB)?


ZKBase, the groundbreaking platform, comprises three core components: ZKSwap, a cutting-edge Layer 2 AMM DEX employing ZK-Rollups technology, the payment gateway ZKSquare, and ZKSea, a hub for NFT minting and trading. With its revamped user interface, NFT integration, boundless token listing, seamless withdrawals, enhanced efficiency, and cross-chain compatibility, ZKSpace strives to introduce EVM-compatible ZK-Rollups and deliver a plethora of layer 2-based offerings to the community in the foreseeable future.


Who Are the Creators of ZKBase?


ZKBase is the brainchild of the L2 Labs Foundation, with Alex Lee spearheading the project as the lead developer. Lee brings to the table extensive expertise in zero-knowledge proof research and smart contract development. Supported by a team of approximately 20 seasoned blockchain developers, many of whom entered the crypto arena in 2013, ZKSpace has garnered backing from prominent Chinese VCs like Bixin Capital, FBG Capital, and Longling Capital.


What Sets ZKBase (ZKB) Apart?


ZKBase emerges as an AMM-modeled Layer-2 DEX leveraging ZK-Rollups technology—a Level-2 scalable solution within the Ethereum network founded on zero-knowledge proof. Contrasted with similar solutions, ZK-Rollup boasts several advantages, including heightened security, reduced costs, increased transactions per second (TPS), and enhanced privacy. By significantly alleviating the burden on the main network, this technology aggregates transactions and conducts certain computations off the Ethereum chain.


Operational Dynamics of ZKBase:


The ZKBase protocol, accessible via the zks.app application, necessitates an Ethereum wallet for connectivity. Users engage in token trading through Ethereum smart contracts and contribute assets to the ZKSpace liquidity pool. Through the ZK-Rollups mechanism, transactions are batched and processed off-chain at Level-2 before synchronizing with the main network, mitigating Ethereum's low throughput and exorbitant fees.


ZKBase's architectural framework encompasses a front-end user interface (UI), on-chain smart contracts, and an off-chain ZKSpace server, comprising a memory pool, block proposer, state keeper, and prover server. The ZKSpace server, acting as the nexus for off-network transactions, is instrumental in processing user transactions.


Technological Components:


The core technological components comprise the Layer-2 server and the Plonk zero-knowledge proof system. Utilizing WebSocket, the ZKBase server facilitates interaction between platform users, while the interface incorporates a transaction tracking feature. All validated requests are routed to the ZKSpace memory pool and processed by the swap engine. The zero-knowledge proof system of ZKSpace relies on a distribution architecture and concurrent developments to generate evidence, employing the Plonk zero-knowledge proof algorithm. The ZKSpace status tree maintains a comprehensive record of all account balances within the system.


How Many ZKBase (ZKB) Tokens Are in Circulation?


ZKB, an ERC-20 token issued by the ZKBase project, boasts a maximum supply of 1,000,000,000 tokens. The distribution breakdown is as follows: 60% allocated to community mining, 15% to the ZKBase team, 8% to ecosystem developers and growth, 6.7% to angel investors, 5.3% to potential A-round investors, 4% to initial liquidity, and 1% to advisors.


Securing the ZKBase Network


The Ethereum blockchain hosts a series of smart contracts pivotal to the ZKBase exchange server's operations, facilitating token storage, balance updates, and ensuring a secure environment. Additionally, the platform's liquidity and security are bolstered by community mining participants, who receive rewards in ZKS tokens. Community mining encompasses liquidity provision, payment of Ethereum network commissions, zero-knowledge proof generation, and trading on ZKSpace. Furthermore, ZKBase incorporates ZKS staking via smart contract staking, employing the Proof-of-Stake (PoS) consensus mechanism to confirm transactions and deter malicious activities.


Where Can ZKBase (ZKB) Tokens Be Acquired?


ZKSpace exchange disburses ZKS tokens to airdrop and community mining participants. ZKS is also tradable on major exchanges against various cryptocurrencies, including Huobi Global, Gate.io, Uniswap (V2), Poloniex, ProBit Global, LBank, and many others.


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