zkSync is a Layer-2 scaling solution that preserves the security properties of the underlying blockchain by leveraging the latest generation of succinct zero-knowledge proofs. All funds in zkSync are held in a smart contract on the mainchain, while computation and storage are performed off-chain. For each Rollup block, a state transition zero-knowledge proof (SNARK) is generated and verified by the mainchain contract. This SNARK includes the proof of the validity of every transaction in the Rollup block.
Round | Amount | Valuation | Date | Investors |
---|---|---|---|---|
Series C | $200M | -- | Nov 16, 2022 | |
Series B | $50M | -- | Nov 08, 2021 | |
Series A | $6M | -- | Mar 01, 2021 | |
Seed | $2M | -- | Sep 29, 2019 |
Project | Funding Status | Region | Categories | Ecosystem | Founded | Token Issuance |
---|---|---|---|---|---|---|
Ingonyama | Seed | United States | ZK | Jan 01, 2022 | No Token | |
Tevaera | Seed | Layer3 Infra Gaming | ZkSync | Jan 01, 2021 | No Token | |
GRVT | Strategic | DeFi Derivatives | StarkNet ZkSync | Jan 01, 2022 | No Token | |
Fabric Cryptography | Series A | United States | ZK Infra | Jan 01, 2022 | No Token | |
Rhinestone | Seed | Modular Infra Account Abstraction | Jan 01, 2023 | No Token | ||
Clave | Pre-Seed | Turkey | Wallet Infra Account Abstraction | Jan 01, 2023 | No Token | |
Inco Network | Seed | Privacy Layer1 Modular FHE Infra | Jan 01, 2023 | No Token | ||
TRALA | Game Platforms Gaming | Jan 01, 2023 | With Token |
zkSync is a layer 2 scaling solution for Ethereum that uses zero-knowledge rollup (zk-rollup) technology to improve transaction speed and reduce costs. It processes transactions off-chain and only submits the minimal necessary data to the Ethereum blockchain, ensuring security through cryptographic proofs. This approach significantly enhances Ethereum's throughput, making it more scalable and efficient.
One of the key features of zkSync is its emphasis on user experience. It offers fast and low-cost transactions without compromising on security. Users can enjoy instant transfers and withdrawals, and developers can easily integrate zkSync into their applications with minimal changes to existing infrastructure. The platform supports various use cases, including payments, trading, and decentralized finance (DeFi) applications.
zkSync is designed to be fully compatible with Ethereum, allowing for seamless interaction with existing smart contracts and dApps. It aims to drive mass adoption of Ethereum by providing a scalable and user-friendly solution that addresses the current limitations of the network. By leveraging zk-rollup technology, zkSync offers a promising path toward a more efficient and accessible blockchain ecosystem.