Background on ZKSpace
ZKSpace was founded in 2020 with the goal of developing key infrastructure for the Ethereum scaling solution. The team has been working on a range of products, including a DEX, an NFT marketplace which supports NFT minting, listing, trading, and mystery box/auction sale, and payment tools using ZK-Rollup technology. The platform is built on the principles of decentralization, security, and user-friendliness, and the team is committed to continuously exploring new product forms that solve problems for blockchain users.ZKSpace's innovative solutions include the NFT L1-L2 mutual transfer, which allows users to transfer NFTs between Layer 1 and Layer 2 networks, and the Eco Deposit/Fast Withdrawal feature, which enables users to deposit and withdraw funds on the platform at a low cost and with high speed. The platform also includes ZKSquare, a Layer 2 payment product that enables token transfers between different Layer 2 wallets, and ZNS, the first Layer 2 domain name solution.
The Benefits of ZK-Rollups Technology
ZK-Rollups technology offers a range of benefits for blockchain applications, including high throughput, low fees, and strong security. ZK-Rollups are characterized by off-chain computing and on-chain storage, with the correctness of off-chain computing guaranteed by the zero-knowledge proof algorithm. This approach can not only greatly improve TPS but also reduce the cost of a single transaction. ZK-Rollups technology has been widely adopted in the blockchain space, with projects like ZKSync and Polygon using it to build Layer 2 scaling solutions for Ethereum. ZKSpace's decision to deploy ZKSwap on ZKSync Era is a testament to the benefits of ZK-Rollups technology and the team's commitment to building ZK-based Layer 2 applications for all.Future Plans for ZKSpace
ZKSpace plans to adopt a concentrated liquidity solution to further improve capital efficiency and reduce trading slippage. The team also plans to continue developing a cross-chain DEX and support liquidity sharing between ZKSpace and ZKSync Era. Additionally, as strong demands for ZKP emerges with increasing ZK applications, it plans to build a decentralized hashrate marketplace for ZKP and revolutionize the way that computing power is provided.With its focus on innovation, user-friendliness, and security, ZKSpace is well-positioned to become a leader in the blockchain space and accelerate the mass adoption of trustless, permissionless defi products.