ZKsync, emerging as a leader in the
crypto space, has experienced fluctuating fortunes as revealed by news updates and market trends. On the positive side, it inked a deal with
Polyhedra’s ZK Bridge, thus improving cross-chain security. Similarly,
Pi Squared raised a substantial $12.5M, contributing to the establishment of the
Universal ZK Circuit. Meanwhile, the active community of ZK’s Layer-2 platform
ZKsync, celebrated the kickoff of the crypto ZK. The debut of its
ZK Token also grabbed attention as it hit the market with an impressive $932M valuation reflected in the South Korean market. Ensuring continuity, ZKsync launched its highly anticipated ZK token airdrop checker followed by a second round of claims. However, tensions ran high when
Matter Labs filed for a trademark on 'ZK', leading to industry demands for withdrawal and a subsequent withdrawal of the application. Additionally, complications evolved around the
ZKsync scam, as well as the token's sharp decline in network activity and its price drop post-airdrop, as nearly 40% of addresses decided to sell. Unarguably, noteworthy developments around
ZKscam indicate its growth potential and contributions to crypto advancements. Apart from that,
Ernst & Young tapped into ZK-proofs for Ethereum, with the
Bitcoin Virtual Machine team rolling out its ZK rollups service to scale Bitcoin. Furthermore, knowledge encoded in the
white paper that birthed crypto ZK-proofs received aTest of Time’ award from IEEE.
ZK Coin News Analytics from Tue, 06 Feb 2024 08:00:00 GMT to Wed, 28 Aug 2024 10:51:45 GMT -
Rating 0
- Innovation 8
- Information 7
- Rumor 6
