ZK Rollups, short for Zero Knowledge Rollups, are a type of scaling solution for blockchain networks that aim to improve efficiency and reduce costs of transactions.
In a traditional blockchain system, every transaction needs to be verified and recorded on the blockchain by all nodes, which can be slow and expensive. ZK Rollups address this issue by bundling multiple transactions together into a single batch, which is then validated by a single on-chain transaction.
Today Tom is going to be talking about ZK Rollups (Zero-Knowledge Rollups) including what they are and how they may impact crypto. Aswell as going through the top 5 cryptocurrencies in this space.
Links used:
https://ethereum.org/en/developers/docs/scaling/zk-rollups/
https://coinmarketcap.com/alexandria/glossary/zero-knowledge-rollups
https://coinmarketcap.com/headlines/news/zero-knowledge-proof-cbdc-privacy/
https://minaprotocol.com/
https://medium.com/crypto-wisdom/crypto-deep-dive-understanding-mina-protocol-the-succinct-secure-blockchain-project-c6c965687271
https://minaprotocol.com/blog/mina-ecosystem-updates-jan-2023
https://loopring.org
https://decrypt.co/resources/what-is-loopring-ethereum-tool-decentralized-exchange-payments
https://syscoin.org/
https://jsidhu.medium.com/why-syscoin-is-the-ideal-layer-1-3ff690a7ef5f
https://twitter.com/HouseofChimera/status/1617575055088848896
https://www.immutable.com/
https://www.coindesk.com/web3/2023/01/31/immutablex-to-launch-all-in-one-passport-solution-to-onboard-new-gamers-into-web3/
https://polygon.technology/
https://twitter.com/0xPolygon/status/1625529122561597440
https://cointelegraph.com/news/polygon-ecosystem-development-and-upcoming-zkevm-launch-add-to-matic-s-bullish-momentum
https://messari.io/report/state-of-polygon-q4-2022
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Timestamps:
0:00 Intro
0:41 Zero-Knowledge Rollups
4:36 Altcoin 1
6:56 Altcoin 2
9:06 Altcoin 3
11:01 Altcoin 4
12:38 Polygon (MATIC)
14:17 Conclusion
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Please remember and understand that all of these videos are strictly opinion pieces. Everyone has different opinions and approaches to the market and we always advocate for doing your own research. This is NOT financial advice, all decisions you make, whether based off this video or not are at your OWN risk.
#Bitcoin #Altcoins #polygon #minaprotocol #loopring #syscoin #immutablex
