ZKSwap Description
Transactions on the ZKSwap Layer 2 network are executed rapidly and without any gas fees, significantly lowering the cost for users. The theoretical transactions per second (TPS) can exceed 10,000, enabling real-time trading without delays. This platform offers a hassle-free trading experience, allowing users to maintain complete control over their assets while ensuring that transactions are authorized solely by them, thereby enhancing both privacy and account security. Users have the flexibility to add any token and create their own trading pairs for a nominal fee, and there will be support for 0 gas fee airdrops, ensuring a fluid trading experience complemented by instant payment capabilities. Utilizing ZK-Rollups technology, the TPS can be dramatically increased. As users benefit from seamless transactions, their assets remain securely and autonomously managed. Furthermore, ZKSwap plans to implement a range of smart contracts on the Ethereum blockchain to securely store user deposits while simultaneously recording and verifying updates and proof of Layer 2 transactions. This innovative approach not only enhances the platform's efficiency but also fosters greater trust among its users.
ZKSwap Alternatives
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Figure Markets
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MoonSwap
An automated market maker (AMM) decentralized exchange (DEX) operates on Ethereum's Layer 2 and is supported by Conflux Network, which facilitates a payment model through its contract that remains perpetually free. With an average confirmation time of approximately 20 seconds on the chain, it benefits from the backing of both Conflux Network and the Cross-Chain Asset Protocol ShuttleFlow. The introduction of AMM has significantly transformed the cryptocurrency landscape, revolutionizing the process of swapping digital assets. Uniswap, conceived by Hayden Adams through his remarkable ingenuity, utilizes liquidity pools to enable users to seamlessly exchange tokens in a manner that is both decentralized and non-custodial. Additionally, liquidity providers can generate passive income from transaction fees based on their proportional stake in the pool. Building upon Uniswap’s foundation, SushiSwap has introduced enhancements while also experiencing remarkable growth in its user community. Furthermore, MoonSwap has adopted a Layer 2 solution for its AMM, allowing Ethereum asset holders to benefit from an experience characterized by high speed and zero gas fees, while simultaneously enhancing asset utilization. Overall, these innovations underscore the dynamic evolution of decentralized finance and its expanding user base.
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Loopring
Loopring serves as an open protocol designed for the creation of scalable non-custodial exchanges on the Ethereum network. By utilizing zero-knowledge proofs (zkRollup), it facilitates efficient trading with high throughput and low settlement fees while ensuring the robust security measures characteristic of Ethereum. Throughout the entire trading process, users retain complete control over their assets. You can explore trading on Loopring to experience its features firsthand. As a protocol that is open-sourced, audited, and non-custodial, it eliminates the need for trust among participants within the Loopring ecosystem. Users’ cryptoassets are consistently under their own control, backed by 100% security guarantees equivalent to Ethereum's standards. Loopring enhances the capacity of decentralized exchanges by processing thousands of requests off-chain, ensuring verifiable execution through zero-knowledge proofs. Consequently, the limitations of underlying blockchains are no longer a hindrance to performance. Most functions, such as order-matching and trade settlement, are conducted off the Ethereum blockchain, streamlining operations and enhancing efficiency. This innovative approach positions Loopring as a leader in the realm of decentralized finance.
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Integrations
Company Details
Company:
ZKS
Year Founded:
2020
Website:
zks.org/en
Media
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Product Details
Platforms
Web-Based
iPhone App
iPad App
Android App
Types of Training
Training Docs
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Online Support
ZKSwap Features and Options
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