ZKBase Zkb Price USD

The main parts of the brand-new ZKSpace platform are ZKSwap, an innovative Layer 2 AMM DEX that uses ZK-Rollups technology, the ZKSquare payment service, and ZKSea, an NFT minting centre and market. With a brand-new user interface, support for NFTs, the ability to list an unlimited number of tokens, easier withdrawals, improved efficiency, and support for multiple chains, ZKSpace wants to make ZK-Rollups that work with EVM and bring the community more layer 2-based products in the near future.

From what we know, ZKSpace is made by the L2 Labs Foundation, and Alex Lee, a specialist with a lot of experience in zero-knowledge proof research and smart contract development, is in charge of the project. About 20 qualified blockchain developers work for ZKSpace. Most of them joined the cryptocurrency industry in 2013. Major Chinese VC firms like Bixin Capital, FBG Capital, and Longling Capital have put money into the team.

ZKSpace is an AMM-modeled Layer-2 DEX that uses ZK-Rollups technology, which is a type of Level-2 scalable solution in the Ethereum network that is based on zero knowledge proof. ZK-Rollup has a number of advantages over similar solutions, such as security, cost, transactions per second (TPS), and privacy. The technology takes a thousand times less work off of the main network. To do this, transactions are grouped together and some calculations are done outside of Ethereum.

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