CoinW, a leading cryptocurrency trading platform, has announced the listing of zkSync Era (ZK), an Ethereum Layer-2 scaling solution based on zero-knowledge proof (ZKP) technology. The ZK/USDT trading pair will be available starting June 17, 2024, at 9:00 (UTC), alongside ZK x3 ETF and trading pairs ZK3L/USDT and ZK3S/USDT. To commemorate this listing, CoinW is launching a 'Join the ZK bounty program: Register & Trade & Retweet' event, offering a reward pool of 5,000 USDT.
zkSync Era is designed to significantly enhance Ethereum's transaction throughput while preserving its core principles of security and decentralization. The protocol achieves this by processing multiple transactions off-chain and generating a single zero-knowledge proof that is submitted to the Ethereum mainnet for verification. This method reduces the computational load on the mainnet and ensures data integrity across decentralized networks.
Several key features underscore the importance of zkSync Era. Firstly, its zero-knowledge rollup technology bundles multiple transactions into a single proof, processed off-chain to boost Ethereum's transaction capacity. Secondly, it offers EVM compatibility, allowing most Ethereum-based smart contracts to function seamlessly without significant changes. This lowers the migration barrier for developers.
zkSync Era also introduces native account abstraction, enhancing user experience with programmable authorizations for more flexible and secure wallet designs. Additionally, it supports L1 to L2 smart contract messaging, enabling efficient interactions and data transfers between the Ethereum mainnet and zkSync Era Layer 2. The protocol inherits Ethereum's security guarantees, ensuring all transactions are verified on-chain without relying on third parties. Furthermore, it offers extremely low transaction fees, making it a cost-effective option for users.
The developer experience is another highlight, with zkSync Era providing support for Solidity and Vyper, custom compilers, and compatibility with existing frameworks and tools, similar to Ethereum's development environment.
CoinW is celebrating the listing with a limited-time offer, giving users a chance to win a share of a 5,000 USDT prize pool from June 11, 2024, at 10:00 to June 18, 2024, at 16:00 (UTC). Participants can earn rewards by registering, trading, and engaging in community events. To claim the rewards, users can click here.
CoinW is recognized for its commitment to security, transparency, and compliance, adhering to the highest regulatory standards and contributing to the advancement of the crypto industry. The platform offers advanced technology, deep liquidity, and supports a wide range of cryptocurrencies.
zkSync Era represents a significant step forward in Ethereum scalability, combining high transaction throughput with robust security measures. As the cryptocurrency landscape continues to evolve, the listing of zkSync Era on CoinW marks a critical development for both traders and developers, promising enhanced efficiency and reduced costs in blockchain transactions.
