What Is zkSync and How to Get $ZKS Airdrop?
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!
After 4 years of hard work, the door of @zkSync Era, Ethereum’s first zkEVM mainnet, is finally open to all.
— Alex G. ∎ (@gluk64) March 24, 2023
Congratulations to @the_matter_labs team, the zkSync Era ecosystem, and the entire Ethereum community!
The Era of Freedom is waiting for you. https://t.co/6I8vn1eJ20pic.twitter.com/1ik4VX276H
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.
About the author
Stan Black
Professional content creator passionate about crypto and AI. 5 years in crypto, writes about to inspire & educate, making it accessible & understandable
