ZKsync
Crypto Overview
Overview
zkSync is a Layer 2 scaling solution for Ethereum that uses zero-knowledge proofs to increase transaction throughput while maintaining the security of the Ethereum network. Unlike a standalone cryptocurrency, ZK is the native token of the zkSync ecosystem used for governance, staking, and paying transaction fees.
Purpose and Utility
The primary purpose of zkSync is to solve Ethereum's scalability issues by enabling faster and cheaper transactions while inheriting Ethereum's security. The ZK token is designed to facilitate governance of the protocol and secure the network through staking.
Business Model
zkSync generates revenue through transaction fees paid by users of the network. These fees are used to compensate validators and support ongoing development. The business model is transparent and focuses on providing infrastructure services rather than lending or interest-bearing products.
Real-World Adoption
zkSync has gained significant adoption with multiple decentralized applications (dApps) building on its platform. Major projects like Uniswap and Aave have deployed on zkSync, demonstrating real utility and adoption.
Development Activity
The project maintains active development with regular updates and improvements to the protocol. The team consistently pushes code updates and maintains transparent communication about development progress.
Token Distribution
Token distribution information for ZK shows a significant portion allocated to ecosystem development and community incentives. While exact founder allocation details aren't public, the project implements standard vesting schedules for team tokens.
Crypto Impact
To assign a comfort level investing in ZKsync 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 ZKsync.
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.