ZKBase
Crypto Overview
Overview
ZKBase is a cryptocurrency token that focuses on zero-knowledge proof technology infrastructure. The project aims to develop a scalable layer-2 blockchain solution that enables privacy-preserving transactions and smart contracts.
Purpose and Utility
The primary purpose of ZKS is to serve as the governance and utility token for the ZKBase ecosystem. Token holders can participate in protocol governance decisions and pay for transaction fees on the network.
Platform Development
The project appears to be in early development stages, with limited information available about concrete technical progress or working products. The development team maintains a GitHub repository, though activity has been minimal in recent months.
Token Distribution
Information about token distribution and vesting schedules is not readily available in public documentation. This lack of transparency around tokenomics is a notable concern.
Current Usage
At present, the token's primary use appears to be trading on cryptocurrency exchanges. There is limited evidence of actual utility implementation or adoption of the proposed zero-knowledge proof technology.
Business Model Analysis
The core business model revolves around developing privacy-enhancing blockchain infrastructure, which is a legitimate and permissible use case. The project does not appear to facilitate any inherently prohibited activities like gambling or interest-based lending.
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.