L2 and zkSync scalability

L2 and zkSync are both solutions that aim to address the scalability issues of blockchain networks, particularly Ethereum. Here’s a thread on what they are and how they work:

1/ L2, or Layer 2, refers to a scaling solution that operates on top of the Ethereum mainnet. It aims to increase the throughput of the network by processing transactions off-chain, while still maintaining the security and decentralization of the underlying blockchain.

2/ There are different types of L2 solutions, such as sidechains, state channels, and rollups. Rollups are the most promising and widely adopted type of L2 solution, and zkSync is a rollup that uses zero-knowledge proofs.

3/ zkSync is a Layer 2 scaling solution that uses zkRollup technology to enable fast and cheap transactions on Ethereum. It leverages zero-knowledge proofs to bundle multiple transactions into a single proof that is submitted to the Ethereum mainnet.

4/ By doing so, zkSync is able to achieve high throughput and low transaction fees, while still maintaining the security and trustlessness of the underlying blockchain. Users can interact with zkSync through a wallet or a dApp, and they can withdraw their funds back to the Ethereum mainnet at any time.

5/ zkSync is currently in use by several dApps, such as Aavegotchi, Zapper, and DeversiFi, and it has already processed over 4 million transactions since its launch in early 2021.

6/ In summary, L2 and zkSync are both solutions that aim to address the scalability issues of blockchain networks, and zkSync is a specific rollup that uses zero-knowledge proofs to achieve high throughput and low transaction fees on Ethereum. It’s an exciting development that has the potential to enable more use cases and adoption of blockchain technology.

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Thank you for this post!

Do you think we should have such insightful posts/articles on the Forum on a regular basis?

This will help new users understand the terminologies and can help with onboarding new people.

Other members can chip in on this idea. Or is there something already existing?

Nana66419 fabsltsa H_P Hirangi Prince-Onscolo manfred_jr Nweke-nature1
akash

Sorry I couldn’t tag members here. But still mentioning them

Thanks in advance!

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Ofcourse, a DAO is also purposeful and educational and Tron DAO isn’t any different.

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