What Is ZKSwap (ZKS)? ZKSwap is a Layer-2 decentralized exchange that adopts AMM model and zk-Rollup technology. It’s built on Ethereum, and aims to give traders low latency & no gas fee experiences. ZKS is the utility and governance token that is used in ZKSwap. You can try the application at zks.app. How does ZKSwap work? Through zk-Rollups technology, all ERC20 tokens are transferred to layer-2, and the consistent state of layer-1 and layer-2 is guaranteed based on continuously generated zero-knowledge proofs. This solution allows all exchanges to execute on layer-2, achieving real-time swap with zero gas fees, unlimited scalability, removing the constraint from the Ethereum’s TPS, and block confirmation time.
This data was last updated 2021-05-13 09:02:33 UTC