02/21/2024
BTC52,124.0
ETH3,007.69
USDT1.001
BNB353.64
SOL109.55
XRP0.566369
USDC1.002
DOGE0.085552
BUSD0.998674
Guides
What Is zkSync and How to Get $ZKS Airdrop?
04/11/2023

What Is zkSync and How to Get $ZKS Airdrop?

04/11/2023
4,7

zkSync is an innovative solution that enables users to execute transactions on the Ethereum blockchain. Read a guide to know more about zkSync and how to get airdrop

What is zkSync?

zkSync is an innovative solution that enables users to execute transactions on the Ethereum blockchain more efficiently, securely, and affordably. With Ethereum gas prices skyrocketing, zkSync provides a much-needed relief to users who are looking to save on transaction fees.

zkSync leverages a sophisticated zero-knowledge proof technique that ensures privacy and security of user transactions. This means that you can execute transactions on the Ethereum blockchain without exposing your personal information or compromising the security of your funds.

In this article, we will provide a comprehensive overview of zkSync and its benefits. We will delve into the technical details of how zkSync works and how it can help you save on transaction fees. Additionally, we will explain how you can get up to speed on zkSync and earn free $ZKS tokens as a reward for using the platform.

Overall, zkSync represents a game-changing technology that is set to revolutionize the way we interact with the Ethereum blockchain. So, if you want to save money, execute transactions more securely, and earn rewards in the process, zkSync is the perfect solution for you!

Disclaimer. Note that this text is not financial advice. Cryptocurrencies are a highly volatile asset, and it is always necessary to be vigilant and conduct your own research (DYOR).

How to Get zkSync Airdrop

Attention. Following these steps doesn't guarantee you an airdrop. Don't risk funds you can't afford to lose.

The $ZKS airdrop is available to anyone who holds at least 0.1 ETH in their wallet. To participate in the airdrop, follow these steps:

So, you wanna get in on that sweet zkSync ($ZKS) token airdrop action? Here's how:

1. Add zkSync Era Alpha Mainnet to your MetaMask wallet

2. Bridge your funds over to zkSync Lite and zkSync Era Mainnet

Source and Copyright: © zkSync.io

3. Get busy with zkSync Lite and zkSync Era Mainnet Alpha

Source and Copyright: © zkSync.io

4. Get involved in the zkSync ecosystem

Trading on http://trade.zigzag.exchange/.

Source and Copyright: © zigzag.exchange

Create your own NFTs at Pinata

Go to http://app.pinata.cloud/register and create an account.

Source and Copyright: © Pinata

Click on "Add Files," then "File," and upload a picture.

Source and Copyright: © Pinata

Copy the CID of that picture. Save it.

Source and Copyright: © Pinata

Go to http://lite.zksync.io/account/nft and connect your MetaMask Wallet.

Source and Copyright: © Pinata

Click on "Mint NFT".

Source and Copyright: © Pinata

Insert the CID of your photo in the "Content Address" field and click on "Authorize to Mint NFT".

Confirm the transaction in MetaMask.

5. Knock out some quests on zkSync's Crew3

Note that the airdrop has a limited supply, so it is important to register as soon as possible to secure your tokens. Additionally, the $ZKS tokens have a vesting period that lasts six months, so you will not be able to sell or transfer them during that time.

Costs:

To use zkSync, you will need to consider the following expenses:

  • Authorization fees: $0.65 and $0.06
  • Network transfer fees: 0.0013–0.0024 ETH
  • Gas fees for network transfers: $0.6–0.8
  • Gas fees for ZigZag exchange: $0.08
  • NFT creation fees: $0.7

These costs will vary depending on the volume of transactions you need to make between different networks. It's important to keep in mind these expenses when using zkSync so that you can plan your budget accordingly.

The total costs for using zkSync are approximately $2.15 - $2.43 plus 0.0013-0.0024 ETH per network transfer, and $0.7 for NFT creation fees. The exact costs will depend on the volume of transactions and NFTs you create on the network.

What are the benefits of zkSync?

I'd love to tell you about zkSync, which is a Layer 2 scaling solution for Ethereum that uses zero knowledge proofs to make transactions fast and cheap. There are many benefits to using zkSync:

  • Low transaction fees: thanks to zero knowledge proofs, you'll save a lot of money compared to on-chain transactions.
  • High transaction speed: zkSync processes transactions within seconds, which is much faster than on-chain transactions.
  • Scalability: by moving transactions off-chain, zkSync can make Ethereum's scalability much better, allowing more transactions to be processed per second.
  • Decentralization: since zkSync is built on top of Ethereum, it benefits from the security and decentralization of the Ethereum network.
  • Interoperability: zkSync is designed to work with other Ethereum-based protocols and applications, making it easy to integrate with existing dapps.

Overall, zkSync is a great solution to the scalability challenges faced by Ethereum and other blockchain networks. It makes transactions faster and cheaper while keeping everything secure and decentralized.

How does zkSync work?

zkSync is a network that's built on top of Ethereum. It processes transactions and takes some of the work off Ethereum's plate. When someone wants to make a transaction, they send it to zkSync instead of Ethereum. zkSync processes the transaction and sends the result back to Ethereum. This makes transactions faster and cheaper because Ethereum doesn't have to do everything itself.

What's a rollup?

Rollups are a fantastic way to speed up and reduce the cost of transactions on Ethereum. By aggregating multiple transactions into one and sending them to the main network, they help reduce the amount of data the network needs to process. This makes transactions faster and cheaper, which is great news for anyone who wants to save time and money.

zkSync makes use of rollups to achieve these benefits. Choosing zkSync is a smart move for anyone who wants to streamline their Ethereum transactions. Rollups also address the issue of Ethereum being too slow and expensive - a real headache for many users.

Overall, rollups are a wonderful way to make Ethereum faster and cheaper. With zkSync, Ethereum users can enjoy faster transactions, lower fees, and a more user-friendly experience.

What's a ZK rollup?

A ZK rollup uses zero-knowledge proofs to verify transactions off the main Ethereum network, maintaining network security. zkSync is a scaling solution that processes transactions more efficiently, charges lower fees, and provides better privacy and security to users. It's built on top of Ethereum and works with existing dapps. Transactions are sent to zkSync instead of Ethereum, making them faster and cheaper. This game-changing technology solves Ethereum's scalability challenges while keeping everything secure and decentralized.

zkSync and Dapps

If you're a dapp developer on the Ethereum network, zkSync is a great solution that can help you create more efficient and user-friendly applications. With faster transaction times and lower fees, your users will appreciate the streamlined experience. Plus, if your dapp deals with sensitive information or requires high levels of security, zkSync has got you covered with increased privacy and security.

Overall, zkSync is a great solution for the challenges facing the Ethereum network. It offers faster transaction times, lower fees, and increased privacy and security, which are all important factors for both users and developers. Whether you're interested in participating in the $ZKS airdrop or simply want to improve your dapp's efficiency, I highly recommend exploring zkSync.

Who's behind zkSync?

In 2018, Alex Gluchowski and Alex Vlasov teamed up to create Matter Labs, a Swiss-based company. Their backgrounds are in computer science, mathematics, and cryptography, and they share a mission to fix the common issues that plague blockchain networks, like network scalability, privacy, and security.

One of their most impressive projects is called zkSync. But that's not all they do! Matter Labs is also working on other projects, including zkPorter and Zinc, that aim to improve the functionality and security of Ethereum's smart contracts.

In summary, Matter Labs is a team of highly dedicated individuals who are working hard to make blockchain networks better. Their innovative solutions, like zkSync, zkPorter, and Zinc, show their commitment to this important cause and have already had a big impact in the field. Keep up the great work, Matter Labs!

FAQ

What's the Difference Between zkSync Era and zkSync Lite?

zkSync Lite is a simplified version of zkSync for developers creating decentralized apps (dapps) on Ethereum. While zkSync Era has more features, zkSync Lite offers faster transaction times, lower fees, better privacy, and security, benefits that make apps more accessible to users. Despite having fewer features than zkSync Era, zkSync Lite is still a promising option for developers to improve their apps' efficiency and security on Ethereum.

Does zkSync have a Token?

No, zkSync does not have a token. However, there is a $ZKS airdrop available to users who hold at least 0.1 ETH in their wallets. The airdrop has a limited supply, so it is important to register as soon as possible to secure your tokens. Additionally, the $ZKS tokens have a vesting period that lasts six months, so you will not be able to sell or transfer them during that time.

When will zkSync tokens ($ZKS) be airdropped?

There is no official announcement yet for the next zkSync token airdrop. However, users can stay updated by following the official zkSync Twitter account and joining the zkSync Telegram group. It is important to note that the $ZKS tokens have a vesting period that lasts six months, so users will not be able to sell or transfer them during that time.

However, we expect it to happen in the near future, specifically in the spring of 2023.

How useful is this article for you?
Thank you for your review!

Subscribe to Cryptonica.News
on social networks

The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

MetaMask


Rating
24h volume
GEO
Promotion

4.6/5
Best for crypto exchanges
$197,181,391
United Arab Emirates, Saudi Arabia, Israel, Egypt, Ukraine, Turkey, Switzerland, Spain, Slovakia, Russia, Romania, Portugal, Poland, Latvia, Italy, Hungary, Greece, France, Czech Republic, Bulgaria, Vietnam, Taiwan, Philippines, Pakistan, New Zealand, Myanmar, Mongolia, Kazakhstan, Japan, Indonesia, India, Cambodia, Australia, Afghanistan, Peru, Mexico, Colombia, Chile, Brazil, Argentina, South Africa, Nigeria
We Provide Financial Freedom!
on Bitfinex website

4.9/5
Best for crypto exchanges
$666,343,448
United Arab Emirates, Saudi Arabia, Israel, Egypt, Ukraine, Turkey, Switzerland, Spain, Slovakia, Russia, Romania, Portugal, Poland, Latvia, Italy, Hungary, Greece, France, Czech Republic, Bulgaria, Vietnam, Taiwan, Philippines, Pakistan, New Zealand, Myanmar, Mongolia, Kazakhstan, Japan, Indonesia, India, Cambodia, Australia, Afghanistan, Peru, Mexico, Colombia, Chile, Brazil, Argentina, South Africa, Nigeria
Sign up now to claim a welcome pack of 1000 USDT!
on Bitget website

4.8/5
Best for crypto exchanges
$1,385,071,874
United Arab Emirates, Saudi Arabia, Israel, Egypt, Ukraine, Turkey, Switzerland, Spain, Slovakia, Russia, Romania, Portugal, Poland, Latvia, Italy, Hungary, Greece, France, Czech Republic, Bulgaria, Vietnam, Taiwan, Philippines, Pakistan, New Zealand, Myanmar, Mongolia, Kazakhstan, Japan, Indonesia, India, Cambodia, Australia, Afghanistan, Peru, Mexico, Colombia, Chile, Brazil, Argentina, South Africa, Nigeria
Low commission - High profit
on MEXC website

4.8/5
Best for crypto exchanges
$1,343,056,327
United Arab Emirates, Saudi Arabia, Israel, Egypt, Ukraine, Turkey, Switzerland, Spain, Slovakia, Russia, Romania, Portugal, Poland, Latvia, Italy, Hungary, Greece, France, Czech Republic, Bulgaria, Vietnam, Taiwan, Philippines, Pakistan, New Zealand, Myanmar, Mongolia, Kazakhstan, Japan, Indonesia, India, Cambodia, Australia, Afghanistan, Peru, Mexico, Colombia, Chile, Brazil, Argentina, South Africa, Nigeria
Faster, better, stronger than your average crypto exchange!
on OKX website