ZK Coin is in the limelight following a myriad of recent announcements and developments. Buenos Aires employs ZK proofs to augment app privacy and introduce the first-ever
ZK Digital Identity System. There's anticipation for
ZKsync's ZK Airdrop, potentially affecting many wallets. Companies, such as
Polgyon Labs and
StarkWare, are investing heavily in making this technology mainstream. We have seen
ZKsync's ZK facing a network activity slump, but its price soared after a
Coinbase listing announcement.
Citrea, aiming to make Bitcoin a more programmable asset with ZK proofs, secured $14M in a Series A round. However, a price plunge for ZK Coin resulted in layoffs at a company. Despite this,
ZK Proofs continue to make strides across different chains. From
Ethereum-based Domain Protocol ENS seeking its own L2, possibly with ZK Rollups, to
Cardano integrating Bitcoin liquidity with the BitcoinOS bridge. There's an ongoing crackdown on financial privacy by regulators, but ZK-proofs are designed to address this.
ZK Rollups are lauded as a transformative technology, not just a passing trend, while protocols and platforms, like
Polygon and the
Bitcoin Virtual Machine team, are integrating ZK services to scale their operations.
ZK Coin News Analytics from Mon, 26 Feb 2024 08:00:00 GMT to Fri, 01 Nov 2024 18:04:29 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor -7
