zksync VS l2beat

zkSync is a ZK rollup, a layer-2 protocol that uses cryptographic validity proofs to provide scalable and low-cost transactions on Ethereum.

As a leading cryptocurrency exchange, BingX is committed to providing its users with fast, secure, and innovative trading services. In its latest effort to further develop its spot trading capabilities, BingX has announced the integration of zkSync Era to support online crypto deposit and withdrawal. zkSync Era is a Layer-2 protocol that scales Ethereum with cutting-edge ZK tech. zkSync uses zero-knowledge proofs (zk-proofs) to enable fast and cheap transactions. With zkSync, users can deposit and withdraw funds to and from the main Ethereum network in a faster and easier way, without having to wait for long confirmation times or pay high gas fees. BingX's integration with zkSync Era enhances the spot trading experience. Without registering a separate private key, users are able to do secure and near-instant online deposits and withdrawals of cryptocurrencies. BingX has announced that CHEEMS USDT is now available for trading on its platform. In addition to this integration, BingX has launched its BRC20 trading zone and supports popular trading pairs such as VMPX/USDT, MEME/USDT, PEPE/USDT, PIZA/USDT, NALS/USDT. Meanwhile, BingX has listed Ordinals ($ORDI) on May 8th, and the trading pair is ORDI/USDT. BingX took the lead to support Ordinals protocol and listed $ORDI on its platform. Ordinals protocol is a DeFi project that aims to create a seamless and user-friendly platform for derivatives trading. This project leverages smart contract technology to enable trustless and transparent trading of derivatives products. With the listing of $ORDI, BingX users will be able to trade the token against major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). This will provide users with more options to diversify their investment portfolios and potentially benefit from the growth of the Ordinal protocol. "The integration of zkSync Era and support of BRC20 tokens are part of our continuous efforts to enhance our spot trading services and support the growth of the blockchain industry," said Elvisco Carrington, PR and Communications Director of BingX. "We are thrilled to offer our users a more streamlined and cost-effective way to conduct spot trading over a wider range of cryptocurrencies and tokens. As part of our ongoing commitment to offering access to the most promising and innovative projects in this ecosystem, BingX looks forward to providing a better trading experience for users and continuing our role as a leading innovator."

You can learn more about zkSync Era via the link: https://zksync.io

Probably this: https://zksync.io/

Great question and always good to double check. You can find most of the links on the main page of this subreddit as well as the side bar here to the right. You can also check our website http://zksync.io/ The official Twitter is https://twitter.com/zksync Is that the same Twitter you went to?

Your website is scam the correct website is: https://zksync.io/

This is Hella sus. The domain, certs and hosting provider are all different from the actual https://zksync.io/ domain. Don't connect your wallet!

The only valid URL for ZKSync is https://zksync.io/

https://zksync.io/ <== REAL WEBSITE , any other website can be indicated scam

A real layer 2 would look more like something built on Ethereum (can see all its L2s at https://l2beat.com).

Essentially it's a separate network that every few minutes takes every transaction and compresses it into a data blob that it saves on Ethereum along with a proof that the computation was done correctly. The Ethereum L1 nodes then only need to verify the proof instead of re-executing all transactions that happened on the L2.

With this design users can go straight from an exchange like Coinbase onto the L2 and never need to use Ethereum, and fees are 10x cheaper because of the data compression. Fees will soon be 100x cheaper as Ethereum is adding extra space just for these L2 data blobs that is much cheaper than normal Ethereum data space.

Unfortunately it can't be done on Bitcoin right now because Bitcoin nodes don't have Turing complete scripting and so can't verify the proof that an L2 posts to Bitcoin.

We are running & maintaining the site (https://l2beat.com). Our work is to look on the current Layer 2 deployments on Ethereum & show risks and statistics to the end user. Very interesting thing is that we are a public goods company trying to stay as objective as possible in the industry full of subjectivity. What I mostly like in this job is that I am a part of the project shaping how it looks, not only mindlessly taking someones orders.

Candidate:

Ecosystem fragmentation is not necessarily a bad thing. It leads to rapid development through competition. Different L2s are competing against each other to provide the best service and that has lead to a cambrian explosion of solutions. It's also a very effective way to explore the solution space, I'm sure many will disappear, others will get eaten, and at some point there will be consolidation. But all this seems like a good approach early on when tackling complex problems for which the ideal trade-offs are not entirely obvious. Explore as much of the solution space as possible and trim later on.

A perhaps more pernicious problem is liquidity fragmentation. Moving assets between L2s is a tedious friction that leads to fragmentation of liquidity. In that respect, zero-knowledge rollups present a big advantage as you can share liquidity between them as long as they share some zk-circuits that allow to prove statements to both chains. All this is being very actively worked on. And the technology behind it is short of fascinating. The typical HN audience would have a huge hard-on for it, if they didn't have such a strong preconception against crypto-anything.

If anyone is curious to learn more about L2s a good starting point is here: https://l2beat.com/

And if you want to see Ethereum scaling progress you can check it here: https://l2beat.com/scaling/activity

The next major upgrade to the protocol, slated for late this year or early 2024 (date is not finalized yet), will focus on scalability by making L2 activity veeery cheap.

These two links will give you a lot of the info you need to compare L2s: https://l2beat.com/ and https://www.growthepie.xyz/ - enjoy.

Source: https://l2beat.com

Thanks! l2beat.com is the best.

In addition to what others said, I always find https://l2beat.com useful to see a summary of the security assumptions behind the various L2s. Currently, all L2 need to be trusted to some extent as they are still quite in development.

Exponential.fi has good summaries and links to the projects. And https://l2beat.com is also great for judging L2s.

Take a careful look at https://l2beat.com