ZKBase
Crypto Overview
Project Overview
ZKBase (ZKS) is an Ethereum-based Layer 2 scaling solution that utilizes zero-knowledge proof technology. The project aims to provide faster and more cost-effective transactions while maintaining the security guarantees of the Ethereum mainnet.
Intended Utility Analysis
The primary intended utility of ZKS tokens is governance and gas fee payments within the ZKBase ecosystem. Token holders can participate in protocol decisions and pay for transaction fees on the network.
Actual Utility Assessment
Current usage data indicates limited adoption, with most activity centered around speculative trading rather than genuine protocol governance or fee payments. The developer activity appears minimal, with few recent GitHub commits or meaningful protocol updates.
Token Distribution Analysis
The token distribution raises significant concerns: 40% allocated to the founding team with a relatively short 12-month vesting period, 30% for early investors, 20% for ecosystem development, and only 10% for public sale. This concentration of tokens suggests potential risks of founder enrichment.
Technology and Development
While the zero-knowledge proof technology underlying the project is legitimate and potentially valuable, the current implementation lacks substantial technical documentation and transparent development roadmap.
Crypto Impact
To assign a comfort level investing in ZKBase from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to ZKBase.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.