ZKsync, a layer-2 scaling solution, is experiencing some notable developments in the crypto domain.
Merlin Chain and
BitcoinOS announced their partnership to launch a
ZK-powered Bitcoin bridge.
Pi Squared raised $12.5 million for its project to build a 'Universal ZK Circuit'. A number of analyses and reports have spotlighted
ZK Rollups as a foundational technology. Despite an observed decline in network activity, the
ZK Coin is surrounded by various price predictions and analysis.
Polyhedra’s zkBridge has integrated
Flare to enhance cross-chain security. Additionally,
Polygon is making strides in the ZK space, launching an open-source tool called 'Plonky3'.
Binance distributed 10.5M ZK Tokens after listing
ZKsync. Moreover, the white paper that explained crypto ZK-proofs recently won an IEEE ‘Test of Time’ award. Amid these developments, regulatory crackdowns on financial privacy are seen as potential growth opportunities for ZK-proofs.
Kadena announces its partnership with Lurk Lab for a ZK Bridge project, while Polygon acquires zero-knowledge cryptography firm,
Toposware. On the flip side, controversy over ZK trademark applications led to community backlash and withdrawal of trademark bid. ZK's initial market cap reached nearly $800M after an airdrop of ZK tokens by ZkSync. ZkSync plans to distribute 3.6 Billion more ZK tokens to the community in the ahead. The listing of ZK begun with celebrations in the ZKsync community. Zksync also revealed an 'Elastic Chain' in their 3.0 roadmap amidst network loads and sells-offs post the airdrop. Overall, despite these setbacks, positive strides and advancements continue in the realm of ZK technology.
ZK Coin News Analytics from Tue, 06 Feb 2024 08:00:00 GMT to Tue, 10 Sep 2024 14:03:02 GMT -
Rating -6
- Innovation 9
- Information 6
- Rumor -8
