Halal Rating :
Last Price $0.04 Last updated:
Rank 806
1D Change 4.56 %
Market Cap $7.93m
Circulating supply 197,440,000
Maximum supply 1,000,000,000

Crypto Overview

  • Decentralized Exchange (DEX) Token
  • Zero Knowledge Proofs
  • Scaling
  • AMM
  • Layer 2
  • Rollups

Based on ZK-Rollups technology, L2 Labs has launched ZKSpace, a full-featured protocol of Layer-2, including DEX, payment, and NFT function, and it transfers all tokens (including protocols ERC20 and ERC721) onto Layer-2 using ZK-Rollups technology. The consistent state of Layer1 and Layer2 is guaranteed based on continuously generated zero-knowledge proofs, so as to make all token swaps, transfers, and NFT minting and trading on Layer 2, realizing real-time trading with low Gas fees (no need to wait for one-block confirmation). As well, it also has infinite scalability, getting rid of the limit on TPS and one-block confirmation on Ethereum. In addition, users can enjoy CEX and a smooth trading experience like traditional e-commerce platforms and can guarantee asset security of their own in real-time. ZKSwap is a token swap protocol based on Automated Market Maker (AMM). Through ZK-Rollup technology, the full set of Uniswap functions are realized in Layer-2, while providing unlimited scalability and privacy. ZKSwap offers swap infrastructure and transactions with ultra-high throughput and zero gas fees to liquidity providers and traders

Crypto Impact

To assign a comfort level investing in ZKSpace 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 ZKSpace.

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.

Justification for our Halal Rating