ZKBase ZKB Price

What is ZKBase (ZKB)?

ZKSpace, the brainchild of L2 Labs Foundation, introduces a groundbreaking Layer-2 protocol designed to transform decentralized finance (DeFi) through its innovative ZK-Rollups technology. Comprising three key components – ZKSwap, ZKSquare, and ZKSea – the platform aims to enhance user experience, scalability, and privacy in the DeFi space.

Founders and Development Team:

Headed by lead developer Alex Lee, a seasoned expert in zero-knowledge proof research and smart contract development, ZKSpace boasts a team of around 20 skilled blockchain developers, many of whom have been part of the crypto industry since 2013. Supported by major Chinese VCs like Bixin Capital and FBG Capital, the project has secured investments from reputable sources.

Key Features of ZKSpace:

ZKSwap - Decentralized Exchange (DEX): ZKSwap stands out as an innovative Layer-2 AMM DEX utilizing ZK-Rollups technology. Offering a revamped user interface, NFT support, and multi-chain compatibility, ZKSwap provides efficient, low-cost, and high-throughput trading experiences.

ZKSquare - Payment Service: ZKSquare functions as a payment service within the ZKSpace ecosystem, providing a seamless transaction experience and facilitating wider adoption.

ZKSea - NFT Minting Center and Marketplace: ZKSea introduces an NFT minting center and marketplace, allowing users to manage, trade, and mint NFTs with minimal gas fees. This Layer-2 product based on ZKSpace brings a new dimension to the NFT ecosystem.

ZKS Token: ZKSpace's native ERC-20 token, ZKS, plays a pivotal role in governance, allowing holders to propose and vote on protocol updates. With a maximum supply of 1 billion tokens, ZKS distribution includes allocations for community mining, the development team, ecosystem growth, investors, and liquidity.

Governance and Security:

ZKSpace implements a community-driven governance model, where ZKS holders can propose and vote on protocol changes. The network's security is reinforced by smart contracts on the Ethereum blockchain, ensuring a secure environment for token storage and balance updates.

Community Mining and ZKS Staking:

Community mining, involving Proof-of-Liquidity, Proof-of-Gas, Proof-of-ZK-Snarks, and Proof-of-TransFee, ensures the liquidity and security of ZKSpace. Additionally, ZKS staking, using the Proof-of-Stake (PoS) consensus mechanism, further enhances transaction confirmation and prevents malicious activities.

Where to Buy ZKSpace (ZKS):

ZKS tokens are available on major exchanges, including Huobi Global, Gate.io, Uniswap, Poloniex, ProBit, and more. The platform also credits ZKS through airdrops and community mining participation.

Conclusion:

ZKSpace emerges as a decentralized force in the DeFi landscape, leveraging ZK-Rollups technology to address key issues such as high transaction fees and scalability limitations. With a robust governance structure, advanced security measures, and a user-friendly approach, ZKSpace paves the way for a more efficient and inclusive decentralized financial ecosystem.

What is unique about ZKBase (ZKB)?

ZKSpace sets itself apart with its innovative ZK-Rollups technology, offering an AMM DEX (ZKSwap) for efficient, low-cost, and high-throughput decentralized trading. The platform's multi-chain support, NFT marketplace (ZKSea), and community-driven governance make it a unique player in the DeFi space.

Who are the founders of ZKBase (ZKB)?

ZKSpace is developed by the L2 Labs Foundation, led by seasoned expert Alex Lee, known for his expertise in zero-knowledge proof research and smart contract development.

Who are the backers/investors of ZKBase (ZKB)?

ZKSpace has garnered support from major Chinese VCs, including Bixin Capital, FBG Capital, and Longling Capital, securing investments for its innovative Layer-2 protocol.

Where can I buy ZKBase (ZKB)?

You can buy ZKBase (ZKB) on ProBit Global cryptocurrency exchanges.