ZKSwap is a token exchange system and a Layer-2 decentralized trading (DEX) founded on ZK-Rollup technology. The protocol is based on the Automated Market Maker (AMM) paradigm, which provides Ethereum customers with free accessibility to the ZKSwap platform.
The ZKS to USD exchange rate is updated in real-time. In the last 24 hours, ZKSwap has lost 21.17 percent of its value. There are 197,440,000 ZKS coins in circulation, with a total quantity of 1,000,000,000 ZKS coins.
About ZKSwap ZKS
The ZKSwap team released the testnet in November 2020, while the mainnet on Ethereum was launched on February 15, 2021. The cryptocurrency trade platform launched in February 2021 on an airdrop, giving 80 million $ZKS.
ZKSwap is an AMM-modeled Layer-2 DEX that employs ZK-Rollups technology — a Level-2 scalable solution in the Ethereum network that is based on zero-knowledge evidence. Security, cost, transactions per second (TPS), and privacy are all advantages of ZK-Rollup when compared to similar alternatives.
The technology lowers the burden on the main network by a factor of ten. This is accomplished by grouping transactions and performing some calculations outside of the Ethereum platform.
What is ZKSwap ZKS?
The ZKSwap architecture comprises a front-end user interface (UI), on-chain smart contracts, and an off-chain ZKSwap server (includes memory pool, block proposer, state keeper, prover server). The ZKSwap server is the module in charge of all off-network systems.
Furthermore, ZKSwap’s liquidity and integrity are guaranteed by the exchange’s users through community mining. Contributors in the operation earn ZKS tokens as an incentive.
Who Are the Founders of ZKSwap ZKS?
The ZKSwap team is still behind the curtains as of July 2021. According to the details given, ZKSwap is developed by L2Lab, and the project’s principal developer is Alex Lee, a professional with extensive experience in zero-knowledge proof research and smart contract creation.
ZKSwap employs over 20 competent blockchain developers, many of whom entered the crypto business in 2013. Major Chinese investment firms such as Bixin Capital, FBG Capital, and Longling Capital have equally participated in uplifting the team’s standards.
What Makes ZKSwap ZKS Unique?
ZKSwap works as follows: the protocol is accessible through the zks.app programme, which requires an Ethereum wallet to connect to. Users exchange tokens via Ethereum smart contracts and contribute assets to the ZKSwap liquidity pool.
The ZK-Rollups technology compresses and processes transaction records off-chain at Level-2 before aligning with the core site, reducing Ethereum bandwidth and costs.
Where Can You Buy ZKSwap ZKS?
ZKS is credited to airdrop and community mining participants through the ZKSwap exchange. ZKS can also be traded against other cryptocurrencies on prominent exchanges Huobi Global, Gate.io, Uniswap (V2), Poloniex, ProBit, ProBit Global, LBank, BitWell, BitZ, 1inch Exchange, BiKi, CoinTiger, Hotbit, Pionex, Bilaxy, HitBTC, Huobi Indonesia, CoinW, TokenIon, WBF Exchange, MEXC, CoinBene, and Jubi.
Frequently Asked Questions About ZKSwap ZKS
How Many ZKSwap ZKS Coins Are In Circulation Currently?
ZKS is an ERC-20 token launched by the ZKSwap project, with a maximum supply of 1,000,000,000 tokens.
What Security Measures Does the ZKSwap ZKS Take?
ZKSwap deploys a number of smart contracts on the Ethereum blockchain, which serve as the primary link between Ethereum and the ZKSwap exchange server. They keep track of tokens, update balances, and keep things safe.
On What Factors Does The Price Of The ZKSwap ZKS Depend?
Exchange inflows and outflows, paramount and technical differences, the news cycle, and the overall economic climate are all interlinked variables that impact ZKS’s price and market cap.
Conclusion
After the sheer appraisal in the field of trading which is around 100% in just a matter of a certain countable transitional month, cryptocurrencies have suffered an intense depreciation due to their uncertain market nature.
Therefore, it’s wide enough to quote that ZKSwap ZKS tokens have been upgraded to a new all-time high translation volume of almost $0.784 U.S Dollars per token.
Though the vulnerability of the trading market is uncertain to predict and almost several strategies have been failed in proving to attain milestones. Yet ZKSwap with every bit o share permitted to users gives another opportunity of trading.
ZKSwap ZKS Official Website –https://zks.org/en
ZKSwap ZKS Twitter –https://twitter.com/ZKSwapOfficial
ZKSwap ZKS Medium –https://zkswapofficial.medium.com/
