LONDON, June 19, 2021 /PRNewswire/ -- zkLink, the first
Layer2 multi-chain integration DEX based on ZK-Rollup technology,
will be launching its testnet later this June. Aiming to link
multiple chains in a user-friendly way, zkLink aggregates different
ecosystems' liquidity and makes it possible for native assets on
different chains to interact and pair with each other.
About zkLink
zkLink connects separate Layer1 networks with a single Layer2
network so that tokens belonging to different ecosystems can be
directly swapped with each other on this layer2, without an
intermediate token. Users can swap their multi-chain assets simply
with one click and will see the pairs that have never been
seen before, such as CAKE-SUSHI, BNB-HT, USDT(ERC20)-USDT(BEP20),
BUSD-HUSD, WBTC-BTCB, etc.
In the future, zkLink will support innovative DeFi scenarios
such as cross-chain farming and the financialization of NFT, aiming
to build a free market where assets in different formats can
interact with each other and potentially capture higher values for
holders.
To maximize product performance and optimize user experience,
zkLink adopts zero-knowledge technology. Apart from unimpeded
traffic and real-time transaction on Layer2, users can expect a
negligible gas fee largely shared since hundreds of transactions
are batched and compressed into one pack. Moreover, zkLink will
refer to Uniswap V3 on concentrated liquidity so that capital
efficiency could be increased by about 4,000 times in the following
version.
Above all, security of assets is zkLink's cornerstone. zkLink's
layer2 could achieve the same security level as Ethereum Layer1.
The Layer2 network will generate zero-knowledge proofs of the
off-chain state on a regular basis and upload them to respective
Layer1 contracts for verification. In this way, the security of
assets and transactions is guaranteed by mathematics rather than
game theory and economic models, meaning that nobody, including the
platform itself, is able to jeopardize the security of assets, and
users are able to withdraw tokens losslessly under extreme
cases.
zkLink v1 will support Ethereum, Binance Smart Chain, Huobi ECO
Chain (HECO), and in the foreseeable future, will also be connected
with other smart chains such as Solana, Polygon, Fantom, etc.
Designed to provide users with various scenarios of multi-chain
assets, with user experience as friendly as CEX, zkLink is
committed to creating a more convenient and secure trading
environment and facilitating an unobstructed DeFi world.
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SOURCE zkLink