ZKBase
Crypto Overview
Project Overview
ZKBase is a zero-knowledge proof-based layer-2 scaling solution for Ethereum that aims to enhance blockchain transaction privacy and efficiency. The ZKS token serves as the native utility token for the ZKBase ecosystem.
Intended Utility
The ZKS token is designed to: serve as a governance token allowing holders to participate in protocol decisions, pay for transaction fees on the ZKBase network, and incentivize network validators and operators.
Actual Utility and Development
The platform remains in early development stages with limited current utility. The team is actively working on implementing zero-knowledge proof technology for privacy-preserving transactions. The GitHub repository shows regular commits and technical progress.
Token Distribution and Governance
Initial token distribution allocates 20% to the founding team with a 3-year vesting period, 30% for ecosystem development, 25% for community rewards, and 25% for public sale participants. The vesting schedule appears reasonable and designed to align long-term incentives.
Technology and Revenue Model
The protocol generates revenue through transaction fees paid in ZKS tokens. These fees are distributed to network validators and protocol treasury. The underlying technology focuses on privacy-preserving computation without involving interest-bearing mechanisms or prohibited activities.
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.