ZK Coin (ZK) is under the spotlight as it undergoes multiple exciting developments, from significant funding allocations to adoption in privacy-enhancing applications in major cities.
ZKsync earmarks $60M for its ZK Tokens in the Ignite Program, which leads to a spontaneous rise in Total Value Locked. Simultaneously,
Buenos Aires is making strides in privacy protection by integrating ZK Proofs in its city app, ultimately launching world’s first ZK digital identity system. Furthermore, the ZK token airdrops become trending topics as they make the initial market cap hit near $800M. On a sour note, the token faces a
decline in network activity, hitting its lowest level in a year. Despite, this setback adoption of ZK technology is on the upswing, this is evident in the Bank of England contemplating enhancing privacy for the digital pound with ZK-Proof and Polygon and Fabric partnering to accelerate ZK-proof adoption. Notably, the
ZK technology is gaining traction in the Bitcoin sphere with initiatives like BitcoinOS's open-source BitSNARK verification and subsequent successful verification of its first zero-knowledge proof on the Bitcoin mainnet. Interest in ZK proofs is further demonstrated by a series of swift advances like Bitcoin's first ZK Rollup nearing launch and the deployment of Helius Labs’ ZK Compression to bolster Solana’s efficiency. Lastly,
Swiss bank UBS tests blockchain for digital gold investments on ZKsync.
ZK Coin News Analytics from Fri, 22 Mar 2024 07:00:00 GMT to Mon, 10 Feb 2025 08:00:00 GMT -
Rating 3
- Innovation 8
- Information 6
- Rumor 2
