What is zkLink?
zkLink is a Layer 2 blockchain that helps scale Ethereum, bringing transaction costs down to just a few cents. compared to the main Ethereum network, but despite its success But it has created a new problem called liquidity fragmentation across Layer 2 chains, which is competing for capital entering the blockchain world.
The fragmentation of liquidity causes a number of problems. Small chains will not be able to connect to large chains. causing price fluctuations This means that users will get worse prices on their trades.
And zkLink is one project that came to solve the problem of liquidity distribution on Ethereum, so it created a network called Layer 3 or zkLink Nova.
zkLink Nova is a pioneering zkEVM Rollup Aggregated Layer 3 network that brings Ethereum liquidity and Layer 2 Rollups built using ZK Stack and zkLink Nexus, leveraging ZK Proofs for increased scalability and security.
Developers can develop projects easily. It uses the main language Solidity and can connect to 8 main chains on Ethereum Layer 2, including Linea, Manta, Mantle, zkSync Era, Arbitrum, Blast, Optimism, and Base.
by zkLink by launching MergeToken on Nova, a smart contract that combines assets Connected from Layer 2 to Nova, every asset has the same value as a single token or coin. It will provide users with a good and seamless experience in using blockchain.
Vince Yang, CEO and co-founder of zkLink, said, “We are setting an important precedent for a practice that other projects can follow.” It will be used to make Web3’s trading environment fairer for users.”
Solving various problems in the blockchain world, many people are now using zkLink through zkLink Nova, resulting in a total deposit value (TVL) of more than $400 million. which is very worth watching
more
- participate OKX campaign to receive a share of over $300,000 ZKL
- Deposit ETH in Renzo to receive $ezETH (will receive Renzo Points and Eigenlayer Points) then deposit $ezETH to zkLink to receive zkLink
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