|All Time High:|
|Market Cap: |
|The price of #ZIL today is $0.032 USD.|
The lowest ZIL price for this period was $0, the highest was $0.032, and the current live price for one ZIL coin is $0.03156.
The all-time high ZIL coin price was $0.26.
Use our custom price calculator to see the hypothetical price of ZIL with market cap of BTC and how the supply of ZIL affects the price at different market capitalizations.
|The code for Zilliqa is #ZIL. |
Zilliqa is 4.7 years old.
|The current market capitalization for Zilliqa is $355,376,909.|
Zilliqa is ranked #101 out of all coins, by market cap (and other factors).
|There is a large volume of trading today on #ZIL.|
Today's 24-hour trading volume across all exchanges for Zilliqa is $34,983,923.
|The circulating supply of ZIL is 11,259,459,956 coins, which is 54% of the maximum coin supply.|
Relatively, Zilliqa has a large supply of coins, 512 times larger than Bitcoin's supply, for example.
|ZIL is well integrated with many pairings with other cryptocurrencies and is listed on at least 59 crypto exchanges.|
View #ZIL trading pairs and crypto exchanges that currently support #ZIL purchase.
How does ZKSpace face the Ethereum Merge
1. How will The Merge affect ZKSpace? - For the sake of steadiness, we will suspend all services on ZKSpace approximately an hour before The Merge (expected on 15th September). Once The Merge is accomplished, we will run a series of tests to make sure everything works and restart ZKSpace’s services. We expect the suspension time to be about 2 hours, but will be adjusted in real time according to the progress of The Merge. If there is a significant delay, a separate announcement will be made. All your assets on ZKSpace (including Token, LP Token, and NFT) are safe, users do not need to conduct any operations. Just wait patiently for The Merge to complete, and log in after ZKSpace restarts the service to continue to use Layer 2 products. — 2. How will Layer 2 develop in the ETH 2.0 era? - Ethereum’s vision is to have better scalability and security to better serve existing and potential users while maintaining decentralization and supporting sustainable development. However, Ethereum is currently facing many difficulties, such as network congestion, rising thresholds for running nodes, and high energy consumption caused by PoW. After years of discussion and research, the Ethereum development team proposed the ETH 2.0 upgrade scheme, and planned to overcome this trilemma through the following technical solutions: Utilizing sharding, separate chains to address scalability issues, Utilizing “a beacon chain” to randomly assign validators to ensure security, Utilizing Proof of Stake to reduce node threshold and achieve decentralization, As you can tell by the complete upgrade roadmap of ETH, the merge we are currently experiencing is a minor step of many previous steps, transitioning from PoW to the PoS. On one hand, the node threshold is lowered to achieve stronger decentralization. On the other hand, it reduces energy consumption, which is in line with the concept of energy conservation, environmental protection and sustainable development. However, before the shard chain is officially launched, The Merge will not reduce the gas fee of the mainnet, nor will it significantly improve performance e.g, block generation speed and TPS. The Layer 2 platform and protocol can process a large amount of data off-chain, reducing the burden on the base layer (ETH mainnet), while ensuring the same security of Layer 2 transactions as Layer1 through mathematical means, thereby enhancing the scalability of the entire blockchain network. Hence, after a successful merge to ETH 2.0, Layer 2 is still a very important means of scaling. At present, there are several solutions for Ethereum Layer 2, namely: state channels, side chains, Plasma, Rollups, Validium, and hybrid solutions. Rollups are mainly divided into Optimistic Rollups and ZK Rollups solutions. Among them, Optimistic Rollups has an advantage in short-term ease of use and user experience because it is compatible with EVM, but its capital efficiency and scalability are weaker than ZK Rollups in the long run. Ethereum co-founder Vitalik Buterin also predicted in a recent speech that ZK Rollups will defeat Optimistic Rollups in the Ethereum scaling war and become the main Layer 2 solution for Ethereum in the future. — 3. Is there still a need for Layer 2 when a shard chain exists? - — 3.1 The launch of the shard chain is premature. — Due to the huge user base on Ethereum and the huge amount of assets on the chain, each upgrade requires the Ethereum development team to conduct a long cycle of discussion, decision-making, research and development, testing to ensure that nothing goes wrong once it’s officially launched. From the previous question, we can also see that the implementation of ETH 2.0 is not achieved overnight. The process is being implemented in stages, and the launch of the shard chain is also a slow process that will probably take months or even years. — 3.2 Layer 2 is still necessary in the era of sharding. — Layer 2 will never exist without Layer 1. Layer 1 is like a foundation, and Layer 2 is a tall building built on top of it. Assuming that the shard chain is launched in a few years, the performance and TPS of ETH Layer1 are improved by 10 times. Then Layer 2 can be further expanded on this basis, performance and TPS can be improved to a higher dimension just like if the area of the foundation expands by 10 times, and it is natural to build bigger and taller buildings on top of the new foundation. With the rapid development of web3 worldwide, it is foreseeable that more and more users will flood into the world of web3 in the future. In front of billions of potential users around the world, even the performance improvement that the shard chain can bring is still far from enough, and Layer 2 is still in need to further improve its scalability. — 3.3 More directions and conclusion. — Due to the difficulty of ZK Rollup solutions and the long development cycle, ZK-EVM, which is more friendly to the vast majority of dApp developers, is still on the way. There is no good solution to the problem of non-interoperability of asset liquidity among different Rollups. Helping more gamefi projects build low-cost, high-liquidity NFT trading markets through Layer 2 is another direction. There are numerous examples on the list. ZKSpace has built ZKSquare, ZKSwap, ZKSea, and ZNS (to be launched) as the core Layer 2 products in the ETH 1.0 era. The team has many years of technical accumulation and R&D experience in the ZK field. Our vision is to continue to provide users with ZK Rollups-based blockchain services in the ETH 2.0 era, and build a more complete Layer 2 ecosystem to “relieve the burden” of a congested Ethereum blockchain and to truly lower the threshold for users to participate in the ecosystem. We will grow together with web3 users and community members, and make more excellent products to give back to the community. If you have any questions, please reach out to one of ZKSpace admins on Discord, Telegram or Twitter. About ZKSpace The ZKSpace (formerly ZKSwap) platform consists of three main parts: ZKSwap, the first Layer 2 AMM DEX utilizing ZK-Rollups technology, payment service ZKSquare supporting fast and cheap Batch Transfer, and an NFT minting center and marketplace ZKSea. ZKSpace has been running since February 2021 with hundreds of function iterations, and no security incidents have ever occurred. With innovative NFT L1-L2 transfer, unlimited token listing, cheap and smooth deposit & withdrawal and optimized efficiency, ZKSpace aims to implement EVM-compatible ZK-Rollups and bring the community more Layer 2-based products in the near future. Stay Tuned Website｜Web APP｜Mobile APP｜Twitter｜Telegram｜Discord | Reddit｜Forum｜Medium｜Mirror｜GitHub How does ZKSpace face the Ethereum Merge was originally published in ZKSpace on Medium, where people are continuing the conversation by highlighting and responding to this story.
The evolution and current progress of Layer-1 public blockchains
The evolution and current progress of Layer-1 public blockchains. An analysis of differentiated L1s and why they may outperform in the next bull market - — Abstract - The increasing popularity of smart contract applications on public blockchains has caused the infamous congestion problems on Ethereum and a general scalability debate in recent years. In the wake of this challenge, the concept of Layer-1 public chains emerged and with it an increasing number of alternatives to the Ethereum ecosystem. Imagining a case of a flippening, the chain that surpasses Ethereum may not be a fork of it as they face many of the same technical limitations. Rather, we could see a disruptive and technically differentiated easy-to-use Layer-1 that can help increase the progress of Web 3.0 towards higher maturity and a more convenient user experience and mass adoption., The development of alternative Layer-1s could be a successful way forward for the blockchain industry and Web 3.0 to shape the next generation of the Internet. From the perspective of meeting the application scale needs of Web 3.0, the continuous iteration of Layer-1 blockchains is of great significance to the world of Web 3.0, as it requires many dimensions of user experience improvements., The gradual completion of the Ethereum merger and sharding process may soon become a challenge for high-performance Ethereum forks. Therefore, alternative consensus mechanisms such as DAG, DiemBFT v4, and other alternative technology Layer-1s, as well as public chains with modular and innovative frameworks, may stand out in the next wave in the market. The public blockchain will also continue to gradually differentiate into other different development paths like general purpose, privacy, and specialized application blockchains(like Metaverse, gaming, etc.)., Layer-1s that have healthy technological foundations and continually attract native projects will have a good chance of surviving across the bulls and bears phases of the market. Projects are developing new innovative blockchains that carry a lot of yet unseen promise and vitality. These projects seek a balance between the complex scalability of modular systems and the simplicity of the user experience the blockchain provides., The public blockchain solutions that are oriented towards vertical structures, have distinctive features, meet specific needs, and have lower migration costs may become the choice of the next wave of crypto industry innovation power. These technological choices of features will also have a high probability of becoming fundamental for the next generation of public blockchains that live across the turns of the market in the same ways as the general-purpose chains such as Ethereum and BSC., — 1. Introduction - Recently, Blockchain startup Aptos received a $150 million investment from FTX at a valuation of $2.75 billion, with the new financing totaling $ 350 million. These numbers are a particularly dazzling achievement in the current bear market. Of course, it is undoubtedly partly because Aptos has built a feasible solution by acquiring user information on Meta(former Facebook). Not least, they also got a large number of top scientists to design its tech stack thoroughly, and have simply been valued by the capital market. The relatively new public chain Solana, which emerged in the last bull market, currently has a bear market FDV of less than 20 billion US dollars, and Near Protocols FDV is currently only 4.1 billion US dollars as comparisons. The formation of a stable ecosystem that can enable more application value and hence drive more value at the Layer-1 protocol level in the long run. Value accrual at the protocol level depends on many factors but it’s very important with time and user participation, a strong technical development team, a large community, and technical community support to jointly promote application development and implementation. A great metaphor for building a public blockchain is building a railway. The initial investment is large and the project costs are highly concentrated to the construction phase. However, the long-term fees collected from the platform usage will bring continuous value streams which could become very lucrative as digital infrastructures are also generally highly scalable from an operational standpoint. Also, the more prosperous and popular the ecosystem and infrastructure, the stronger the innovation force, and the more marginal income it will bring. This partly explains the rationale behind the high valuation of the infrastructure public chain as the core value carrier of Web 3.0. The same value accrual patterns could be seen in Web 2.0 with the different social media platforms and other digital platforms even though the value mechanisms will not all be the same in a more democratizes and decentralized Web 3.0. — The three stages of Layer-1 public blockchains. — Since its revolutionary inception, the blockchain space has gone through a fast process of evolution and further development. It’s common in the industry to refer to the perceived time of the quick-moving events as “crypto years” as them being shorter than what one could expect from a year in other industries. With the high development rate, we have seen a lot of great innovations. Maybe even more importantly, we see a lot of new generation projects and efforts working on their new solutions to provide Layer-1 blockchains to serve the needs of Web 3.0. Throughout the short but profound history of public blockchains, we can follow an evolutionary path that can be divided roughly into the following three stages. The first stage was from 2008 to 2013. After Satoshi Nakamoto published the Bitcoin white paper and as the first invention of its kind, Bitcoin naturally became popular. Many “altcoins“ that tried to improve Bitcoin appeared, resulting in the first batch of public chains while the industry was still clearly led by Bitcoin. The second stage was from 2014 to 2017. In the development of blockchains, a new big milestone appeared which was the addition of Turing completeness. The concept enabled the creation of smart contracts on the blockchain for the first time, and it now had the programmability to carry applications. At the same time, with the introduction of applications such as CryptoKitties, people first began to actually experience applications enabled by blockchain technology. Ethereum quickly and effectively gained ecosystem barriers and competitive advantage with its first-mover advantage. Public Layer-1 blockchains created during this period generally focused on smart contract functionality and among them were Ethereum, NEO, QTUM, EOS, etc. The third stage is from 2018 to the present. Various alternative consensus mechanisms and the iterations of transaction verification layer technologies have created a number of high-performance and low-cost Layer-1 public blockchains including BSC, Solana, Avalanche, etc. In the next stage of public blockchain development, there may be two trends as a result of ETH2.0 merging and sharding expansion. After the first type of sharding is completed and live, users who were forced to find alternatives due to high Ethereum gas fees on L1 and corresponding EVM compatible L2 may return to the Ethereum ecosystem. Forks of Ethereum could therefore find it challenging to retain user numbers and transaction volumes. The second trend is that blockchains that are not Ethereum forks, with unique technologies, and with innovative frameworks could be able to stand out and be competitive in different market niches instead of having lower fees as the only competitive advantage. Also, the development of blockchains will also continue to gradually differentiate further into alternative paths like permissioned systems, privacy-focused, and specific application blockchains(like Metaverse, gaming, etc.). The characteristic public blockchain is a concept separated from the standard generalized public blockchain that is generally Ethereum based. It subdivides the characteristics of the blockchain at the level of technical characteristics, Product-Market fit, and value narrative. This could be a good concept and mental lens when evaluating the direction of a specific blockchain's development. Examples could be that they feature technical characteristics like innovative frameworks (such as modularity) and unique technologies. Layer-1 chains representative of this type of characteristic includes Aptos, Sui, IOTA2.0+Assembly, ZK-Snark lightweight chain MINA, EMIT-Core, etc. When it comes to providing unique niche utility, the representative public chains include Flow, ImmutableX, Metabit, and MINA. Featuring a different value narrative are chains like ReFi green public chain Celo. With pioneering technologies, the market for privacy-focus and specific niche utility is still an unknown wide ocean to be discovered. — Characteristic Public Blockchains - To keep a reasonable scope this article's analysis will mainly cover five projects that conform to the concept of characteristic public chains in terms of an innovative framework (such as modularization) and core technologies. — 1. Aptos — born with a golden key, a high-performance chain using Move language. — Aptos is an L1 high-performance public blockchain project initiated by former team members of the Meta stablecoin project Diem(formerly Libra). The Aptos team believes that the user experience needs to be significantly improved in terms of security and scalability to reach mass adoption. Aptos has maybe the biggest first-mover advantage among the new generation of public blockchains, and the public mainnet look to be released in the third quarter of this year. — 1.1 Aptos Core Technology Features. — Consensus Mechanism Similar to Solana Aptos adopts an optimized BFT (Asynchronous Byzantine) as its consensus mechanism. Unlike Solana, Aptos has added an innovative reputation system, which is especially suitable for a decentralized environment and capable of checking the data on the chain. When the validator is unresponsive, the leader can be automatically changed without manual intervention. In addition, the block submission time is also significantly shortened, with an average submission completion time of less than 1 second. Meanwhile, this asynchronous mechanism also strengthens network security capabilities against extreme network conditions, network partitions, or DoS attacks on validators, as it does not impose any synchronization assumptions on the network. Memory Smart Contract Parallel Execution Engine Aptos Labs has designed a new technology method Block-STM that supports flexible transaction programming in the synchronization process. STM stands for Software Transactional Memory. In the experimental environment, 32 cores can process transactions of over 10,000 accounts at the same time. In this case, the performance is 20 times higher than sequential execution under low contention load, and 9 times higher under high contention load and the expected theoretical TPS reaches over 160,000.Data Source:Aptos Labs Move Programming Language The Aptos development team created the Move programming language to improve blockchain security. Not only is Move designed to write smart contracts, but it can also be used by users to manage their accounts, change node settings, adjust commission and add new features. Here we would like to summarize the technological innovation of Aptos in one sentence. Its system currently optimizes transactions in parallel through consensus (AptosBFT), execution(Block-STM), and environment(Move) to increase speed and reduce costs. — 1.2 The Current Ecosystem of Aptos. — The Aptos team has been working on the organic development of five main sectors including stablecoins, DEXs, wallets, lending markets, and oracles. Notable ones are Thata Labs’stablecoin project, the first Dex Pontem Network, encrypted wallet Martian, liquidity staking protocol Zaptos, domain name service provider ANS, encrypted wallet Fewcha Wallet, NFT project Aptos Toad Overload, NFT market Topaz, and synthetic asset Clone, block browser Aptosscan, etc. The project of the ecosystem seems to be relatively organic. Additionally, many Solana projects have entered the Aptos ecosystem as Aptos has had a strong siphon effect on those projects.Data Source:@AptosInsights — 2. Sui — A high-performance public chain appearing at the same time as Aptos sharing main features - Sui is a high-performance L1 public chain launched by Mysten Labs (the team comes from the Meta stablecoin Diem and Novi wallet project). Like Aptos, Sui attempts to solve the blockchain trilemma, but it focuses on scaling composable and dynamic NFTs for a wide range of Metaverse applications including gaming, social, and commerce. Sui also achieved good financing results in the bear market (valuation of $2 billion), and released a token economics model before Aptos. — 2.1 Similarities and Differences between Sui and Aptos Core Technologies. — In terms of language environment, Sui also uses Move as its native programming language. Although Sui’s memory data and code model are slightly different from Aptos, Sui’s Move language clearly indicates the time memory data and code are owned/shared or mutable/immutable, a feature that Aptos does not enjoy. In terms of consensus mechanism, similar to Aptos, Sui’s consensus protocol is also a derivative of HotStuff. The consensus mechanisms of both Sui and Aptos minimize the communication required between validators to process transactions to achieve lower latency. AptosBFT is partially asynchronous. Sui’s consensus implementation is designed to separate the protocol’s memory pool from the consensus layer, whereas most PoS L1s have a single consensus protocol. In terms of SDK innovation, while Aptos also has an SDK for improving Developer and user experience, Sui’s SDK has made interesting attempts to connect other ecosystems and non-crypto use cases. For example, by opening game APIs, game developers will be able to interact with Sui’s ecosystem (users, other dApps, assets) and Move language seamlessly. Aptos allows dApp developers to lead the community by facilitating the portability of digital assets from other ecosystems to Sui as well as develop “Handshake” oriented front-end tools as channels for users to distribute, claim/redeem Sui digital assets (e.g. payment, merchant coupons) to crypto and non-crypto users. — 2.2 The Current Ecosystem of Sui. — At present, Sui has issued incentivized testnet registration, and released the Chrome extension self-hosted wallet “Sui Wallet”. The organic progress of Sui seems to be relatively slow. Besides the wallet, there are browsers, games, and social metaverse projects currently under construction. It can be seen that Sui’s organic positioning is also more inclined to the expansion of a wide range of metaverse applications including games, social networking, and commerce. — 3. IOTA2.0+Assembly — satisfying modularization + high-performance public chain using DAG technology - As the settlement layer of Assembly, IOTA took the lead in adopting DAG technology, called Tangle. Strictly speaking, Tangle is not blockchain technology but is contained within the broader DLT definition. Still, IOTAs' contribution can be regarded as a unique pioneering technology. Assembly cooperates with IOTA 2.0 to provide high-concurrency TPS for the web 3.0 world that needs large-scale user experience improvement and can expand the deployed contract chain. Developers can use the flexibility to customize the incentives and fees of each chain, share security, and other helpful functionality. — 3.1 Introduction of Assembly’s Core Technology Features. — In terms of composability, Assembly can be regarded as layer 1.5, which is a smart contract framework layer, and each smart contract chain built on Assembly is the real Layer 2. Based on the DAG structure of IOTA2.0’s L1 high-concurrency TPS, the combination of IOTA2.0+Assembly appear to split other public chain L1+L2 structures into “2.5 layers”, as the modularization becomes more explicit. Because of the separate Assembly smart contract framework layer, various possibilities can be combined, such as coupling arrangements with different data availability layers, execution layers, or settlement layers. In terms of cost, the technical characteristics of Assembly determine that the network cost of building applications or interactive use based on Assembly will be the lowest in the entire public blockchain market, and the cost will also remain at a stable level. In terms of security, Assembly uses a process similar to the ETH2.0 fraud-proof Rollup. Each validator pledges assets as a security guarantee and any third party can provide fraud-proof when the validator updates the status of the wrong chain by monitoring the activity of the chain and getting awarded. This ensures that as long as there is only one honest validator in the validator committee, the state of the chain can be protected from malicious transitions. — 3.2 The Organic Construction of IOTA2.0 and Assembly. — There are currently 213 projects in development on IOTA 2.0, which can then be migrated seamlessly once the Assembly mainnet is launched. Some projects carry the focus of Industry 4.0 to create synergy with off-chain processes. Among the popular projects are IOTAlias, IOTA charging stations, etc.Data Source:ecosystem.iota.org/explore/projects Based on the DAG consensus framework, the unique Tangle system and modular structure of IOTA 2.0+Assembly is one of the few public chains with its distinctive technical solution in the market. Still, its organic development speed is relatively slow. — 4. Mina — a lightweight public blockchain with characteristic ZK-Snark technology - The core concept of Mina is “simple blockchain”, and all transactions processed in the entire Mina network are limited to a block size of 22 KB. The latest block will contain the latest state of the entire blockchain. Users only need a ZK-SNARK proof to fully verify the current state of the blockchain within a few milliseconds.Data Source:minaprotocol.com Unlike other Layer-1 blockchains that grow in data size with each block added, Mina is able to maintain a fixed size of the entire chain by using a series of self-referential cryptographic proofs. It is helpful to visualize Mina’s recursive cryptography process as taking a picture of the blockchain. Whenever a new block is added, another “photo” of the new block is taken together with the existing blockchain, limiting the size of the blockchain to one photo while preserving all information. Mina’s adoption of ZK-SNARKs makes it a compelling public blockchain solution with unique differences and advantages over the more conventional chains. The wave of zero-knowledge has also ushered in a new development trend, tending to the Snark algorithm of modular combination, and the replacement of new encryption modules may bring interesting results. — 4.1 Introduction of Mina’s Core Technology Features. — Solving the State Bloat Problem Ethereum plans to address the state size problem in a later set of upgrades called “The Purge” Mina meanwhile, has focused on the issue with the ever-increasing size of data and growth of transactions, accounts, tokens, contracts, and other on-chain information since the project’s inception. Support Privacy Zero-Knowledge proofs have inherent privacy by not revealing any unnecessary information. The ZK-proof of the Mina blockchain only proves that the state is valid and does not reveal the interacting accounts, for example. Even consensus nodes of Mina keep only the last 290 blocks of history. Decentralization Improvements Running a non-consensus node requires quite a little disk space and computing power. While other blockchains suffer from state bloat and may require powerful industrial-grade hardware to run full nodes, Mina’s non-consensus nodes will run on smartphones or browsers. Each user can run their node, significantly improving decentralization. The vision of Blockchain is to achieve self-validation, and Mina is the only blockchain that can achieve it. — 4.2 The Status Quo, Organic Layout, and Prospect of Mina. — Mina Protocol is currently used as a payment chain and will complete the first anniversary of its mainnet launch on March 23rd,2022. Smart contracts called ZKApps are on the product roadmap for the second quarter of 2022. It raised $92 million in March from large crypto investors including Three Arrows Capital and FTX Ventures to execute its vision of building a private and secure layer for web 3. The Mina ecosystem has raised a cumulative $140 million. Mina currently uses the Pickles inductive proof system to complete the KYC operation of certain applications without revealing the user’s identity information, and prove that a user’s credit score reaches or exceeds a certain threshold without revealing the user credit score. To realize application scenarios such as deposit-free leasing and mortgage-free loans. Since the ecology has not yet developed, ZKApps have left enough imagination room for Mina’s future organic layout. Mina utilizes the potential of the zero-knowledge proof space without affecting decentralization and has become a leading characteristic public chain that combines the current hottest ZK technology with L1 technology. — 5. EMIT-Core — a modular high-performance cross-chain public blockchain - As a sub-project of the EMIT project, the core logic of EMIT-Core is to minimize the coupling between accounts through the Block-Lattice ledger structure and the Random-Check consensus algorithm during the operation of the blockchain system. This is mainly to improve the overall efficiency of the blockchain system in the aspects of responsiveness and throughput. It has great advantages in the elastic expansion of physical bottlenecks such as computing, storage, and bandwidth. Since the system itself does not run complex calculations, transaction fees are very low or even zero. Meanwhile, it makes the development of high-performance complex decentralized applications (open extension of EMIT-Core functions) very simple. — 5.1 Introduction of the Core Technology of EMIT-Core. — Block-Lattice Sharded Ledger Unlike Near Protocols’s grouped sharding, the Block-Lattice ledger is the vertically most limited sharding method as each account is a shard. In order to achieve high throughput and low latency, the ledger decouples transactions and splits them into two parts: origination and reception, which are created by different accounts. Since the creation of blocks in different accounts does not affect each other, after introducing the settlement state of the block, this model can obtain huge elasticity of storage and throughput. This approach also generalizes cross-chain behavior. Different from Nano’s account model, EMIT-Core adopts a Random-Check algorithm to confirm blocks and supports diversified assets. New Decentralized Application Scheme EMIT-Core deems that a decentralized application consists of a set of P2P network nodes, which as a whole can agree on the input and output sequences without having to care about each other’s internal state. In extreme cases, the application can only have output sequences. This more flexible approach allows the logic applied to EMIT-Core to be very complex. Through the advantages of EMIT-Core’s high throughput and low-latency system framework, decentralized applications can really challenge centralized applications when it comes to the user experience. Random-Check Algorithm Random-Check means that the requester confirming the check randomly selects some nodes in the global node, and obtains the account information on these nodes. If the status of these accounts is consistent, then this status can be considered correct. Security can be improved by increasing the number of checks, or the number of nodes checked per check. This algorithm guarantees the high TPS of EMIT-Core.Data Source:《EMIT White Paper》osf.io — 5.2 The Organic Development of EMIT-Core. — The vision of the EMIT project itself is to “integrate the assets of the crypto world and create an economically complete decentralized world”. In the EMIT project, bridges have been built to connect Ethereum, Binance Smart Chain, Tron, Super ZERO, and other decentralized networks. There is also an EMIT-Epoch sub-project that is constantly absorbing and expanding the entire ecosystem. These are built on the basis of EMIT-Core technology. So far, EMIT has its cross-chain wallet and ecological applications such as Cross, Chaos, Altar, TeamMining, StarGrid, RelicsMarket, Accounts, Assets, Bangs, etc. — Value Assumptions and Potential Risks - Even when Aptos was valued at US$ 2.75 billion in the bear market, optimists still believe that there will be several times or even dozens of times of growth space for Aptos in the next bull market, which also brings us more room for imagination. In addition to the horizontal comparison between Aptos and public chain leaders Ethereum, Near, Solana as well as other high-performance public chains, how far is the infrastructure that attracts as high attention and usage as the platforms of trillion-dollar valued Alphabet of Web 2.0? Of course, doubters also believe that the public blockchain market is too congested and the high-performance narrative has not brought real changes to the industry regardless of the promise. Perhaps only the combination of a real killer application with a layer-1 that can satisfactorily run the application can induce Web 3.0 to start capturing its expected value. — Conclusion - Compared with the public blockchains whose valuations are still high even in the bear market, characteristic public chains that are under development and with relatively reasonable valuations should maybe not be ignored. Whether it is a blockchain under development or technology that does not yet exist, it may not be a direct fork that surpasses Ethereum, but a more disruptive public chain that can help Web 3.0 grow and mature. At present, the development in public blockchain we observe tends to be modular, loosely coupled, and parallel to vertical application fields. The general-purpose L1 market such as Ethereum is gradually becoming a red sea. Even if the ETH 2.0 merger and sharding expansion is completed, it does not mean that ETH 2.0 will be able to fully handle the potential increased number of users and high demands of Web 3.0. For example, if an application has 10,000 users before the expansion, and the influx of 10 million users in the later period increases the TPS requirement of the public chain by 1,000 times. The high-performance demands of these 1,000 times additional users can obviously not be met. Even if it is crowded, there are still opportunities in the public blockchain space. The market needs a modular, general-purpose public chain that grafts and superimposes the best resources in the Web 3.0 world to serve a wide range of users, and it also requires professionals in vertical application scenarios to provide the most suitable soil for the specific use cases of niche utility. The development of more characteristic public blockchains may give birth to some new applications and business models that we cannot currently imagine. As for what kind of new applications and new models to unlock, we can at least expect the next-generation Internet to bring us several times a better experience than Web 2.0 under the blessing of the new generation of characteristic blockchain technology. — References -  Li Xi,The Exploration Road of Modular Public Chains in the Web3 Era — Assembly Based on IOTA, LD Capital Research  Tony, Stewart, Mavis, Jason, Ryan, Luiz, Ecology Report on Solana, First class  Kunal Goel,Mina Protocol — Small but Mighty, Messari  medium.com/aptoslabs/block-stm-how-we-execute-over-160k-transactions-per-second-on-the-aptos-blockchain-3b003657e4ba  docs.minaprotocol.com/static/pdf/technicalWhitepaper.pdf  wiki.assembly.sc/learn/introduction  coinyuppie.com/composability-vs-modularity-who-is-the-c-bit-of-the-blockchain/  cointelegraphcn.com/news/mysten-labs-sui  blockcast.it/2022/08/03/sui-a-blockchain-built-by-former-meta-developers/ Stay Tuned Website｜Web APP｜Mobile APP｜Twitter｜Telegram｜Discord | Reddit｜Forum｜Medium｜Mirror｜GitHub The evolution and current progress of Layer-1 public blockchains was originally published in ZKSpace on Medium, where people are continuing the conversation by highlighting and responding to this story.
ZNS is Coming! — The First Layer 2 Domain Name System
ZNS is Coming! — The First Layer 2 Domain Name System - Dear ZKSpace community, After months of research and development, we are excited to announce that ZNS (ZKSpace Name Service), part of the infrastructure of our Layer 2 ecosystem, is now open for application! The product page is now live: zks.app and whitelist spots will be offered to early bird users. First, let us brief you about what exactly ZNS is, and what value it provides. — I. What is ZNS? - ZNS is a Layer 2 domain name service provided by ZKSpace. You are free to register and manage your ZNS domain name, which will represent your Web3.0 identity in ZKSwap, ZKSquare, ZKSea and other Layer 2 products to be launched by ZKSpace in the future. Similar to ENS on the Ethereum mainnet, the role of ZNS is to map 42-bit wallet addresses to human-readable names. While an ENS name ends with .eth, a ZNS name ends with .zks. With any ZNS name, your secure and decentralized transactions on ZKSpace will no longer require copying and pasting long and complex addresses. For example, when you use ZKSquare to transfer money to your friend Kevin, instead of entering a lengthy wallet address of the recipient, you fill in their domain name, which could be “Kevin.zks”. Then the system will automatically translate it into the corresponding address of Kevin’s, and send the money. Conversely, you can ask your friends to send money to you by telling them your address is “me.zks”. It reduces the likelihood of any input errors when typing out or pasting the recipient’s address to send funds. You don’t even need to check the first few and last characters to ensure that you have the whole string, like most of us do after pasting an address. The risk of asset loss will be exponentially decreased. ZNS is part of the infrastructure of ZKSpace’s Ethereum Layer 2 ecosystem, which builds a bridge between the complex blockchain computer language and human language. It not only makes all economic activities that take place on the platform more convenient and efficient, but also is a very convenient identity symbol for holders to spread and remember. Some major public chains represented by BNB Chain have also launched domain name services, such as .bnb. However, if Layer 1 domain name owners want to change any information associated with the name, they need to pay an expensive gas fee and wait for block confirmation, which is not a friendly user experience. — II. What’s new about ZNS: - 1. ZNS is the first domain name service based on Ethereum Layer 2. You will get a Layer 2 exclusive Web 3.0 identity by holding a ZNS name, and anyone can search for an address owned by you via this domain name. 2. Support reverse resolution. ZNS supports the same reverse resolution function as ENS. You can display personalized domain names (xxx.zks) in all ZKSpace Layer 2 products, such as ZKSwap, ZKSquare, ZKSea, ZKSpace Explorer, etc. 3. No gas fee. What you do with your ZNS name, including registering domain names, changing personal information, or renewing registration, incurs no gas fee. 4. Low registration costs. The registration costs of ZNS domain name are much lower than ENS, and it offers discounts for registration periods of 2 years or more. — III. What does it cost to register a .zks domain? - Currently, registration costs are set at the following prices: 3+ character .zks names: $100 per year 4+ character .zks names: $30 per year 5+ character .zks names: $5 per year You can register on an annual basis. If you register for 2 consecutive years or more, you will enjoy a 20% discount on the total price (for renewals of 2 years or more, you will also enjoy a 20% discount). If you register directly for 3 years or more, you can buy out the domain name permanently (If the total term after renewal reaches or exceeds 3 years, you can also buy out the domain name). — IV. Early Bird Registration: - Be the first user to grab one exclusive ZNS name! The ZNS names will be offered through early bird registration. During early bird registration, you can join the ZKSpace community and complete simple tasks to obtain a whitelist spot for ZNS sale. The time of ZNS sale will be released later, so please stay tuned! When it comes, WL users will be able to pick and register their unique ZNS domain names. The ZKSpace team does not reserve any domain names for themselves, nor does it have any pre-registration. We will open registration for all WL users at the same time. Please join the community and follow us on Twitter to keep up to date with the ZNS sales. ZKSpace team About ZKSpace The ZKSpace (formerly ZKSwap) platform consists of three main parts: ZKSwap, the first Layer 2 AMM DEX utilizing ZK-Rollups technology, payment service ZKSquare supporting fast and cheap Batch Transfer, and an NFT minting center and marketplace ZKSea. ZKSpace has been running since February 2021 with hundreds of function iterations, and no security incidents have ever occurred. With innovative NFT L1-L2 transfer, unlimited token listing, cheap and smooth deposit & withdrawal and optimized efficiency, ZKSpace aims to implement EVM-compatible ZK-Rollups and bring the community more Layer 2-based products in the near future. Stay Tuned Website｜Web APP｜Mobile APP｜Twitter｜Telegram｜Discord | Reddit｜Forum｜Medium｜Mirror｜GitHub ZNS is Coming! — The First Layer 2 Domain Name System was originally published in ZKSpace on Medium, where people are continuing the conversation by highlighting and responding to this story.
How to purchase a James Rodríguez Zurda NFT (Auction/Mystery Box )
1. Preparations - — 1.1 Get your ETH prepared. — ZKSpace is a Layer 2 protocal built on Ethereum, and for the James Rodríguez Zurda NFT sale, we accept payment in ETH. Therefore, you need to have some ETH in your Layer 2 wallet prior to bidding and buying. ETH can be deposited via Ethereum-L2 transfer or the Fiat on-ramp service provided by ZKSpace and Banxa. Related tutorials: From Ethereum mainnet to Layer 2 — en.wiki.zks.org Fiat currency deposit —en.wiki.zks.org; video tutorial — www.youtube.com The deposit amount can be determined at your discretion based on the funds expected to be put into the bidding and buying mystery boxes. The public sale price for a mystery box is 0.15 ETH (0.12 ETH for whitelist users). There is no upper limit on how many mystery boxes one address can purchase. After the deposit, your asset can be viewed in your Layer 2 wallet, as shown below: — 1.2 Find out what’s on sale. — For detailed information on the perks and utilities of James Rodríguez Zurda NFT, read zks.org — 2. Participate in auction - — 2.1 Place a bid. — It takes only 2–3 clicks to bid in a ZKSea auction. Click on James Rodríguez on the navigation bar and choose Auction in the drop-down menu. You can browse the NFTs listed for auction on this page. Click on the NFT you want to bid on, then you will be directed to the bidding page. (The image here is for reference only. Please see the event page zks.app on August 15th for actual information.) On this page, you can see the current highest bid on this item, under which you will see a box that allows you to enter the amount you are willing to offer. Enter an amount and click on Place a bid to continue. Bid increment, Your bids must be at least one bidding increment over the Current Bid. For instance, if the current bid is 0.2 ETH and the bid increment is 0.05 ETH, the subsequent bid should be at least 0.25 ETH. Bidding deposit, Bidding is free on ZKSea, however, to avoid malicious bidding, an auction deposit will be required when bidders make their first bid. The system will automatically refund the deposit after the auction. Please note that if you are the winning bidder but fail to pay within 2 hours, the deposit will not be refunded. The deposit is generally 0–50% of the starting bid, and it will be displayed on the page when the auction starts. Subsequent biddings do not require repeated payment of deposits, and no gas fees are required. Confirm bid details in the pop-up window, click on Place a bid, and sign in the pop-up window of your wallet. Your bid has been successfully submitted. (The image here is for reference only. Please see the event page zks.app on August 15th for actual information.) — 2.2 Increase your bids. — During the auction, all bids on an NFT will be displayed on the bidding page, including bidding time, addresses of the bidders and amount. If you see the current bid keeps creeping higher and higher and you don’t want to be outbid, you can increase your bid simply by bidding in exactly the same way you placed your original bid. — 2.3 Payment. — — 2.3.1 Pay for your purchase. — If you are the highest bidder when the auction ends, you will be one step away from obtaining your Zurda NFT. You have two hours to make the payment. Click on Payment to continue. — 2.3.2 Receive your NFT. — Once the payment is received, we will mint the NFT and send it to your Layer 2 wallet. You can view it in your NFT Wallet, as shown in the picture below. After that, you can hold your NFT(s) here, list it on ZKSea for sale, send it to another Layer 2 address, or withdraw it to the ETH mainnet. — 2.3.3 Consequences for Late- or Non-payment. — If you fail to pay within two hours of the auction, the deposit paid previously will not be refunded, and the transaction opportunity will go to the address with the second highest bid (a prompt will be displayed on the user’s page), which also has a two-hour payment time. We suggest you watch your bid during and after the auction. — 3. Buy a mystery box - Click on James Rodríguez on the navigation bar and choose Mystery Box in the drop-down menu. Choose how many mystery boxes you want to buy by clicking on the + and — buttons. The total price will be calculated and displayed on the page in real-time. Then click on Buy Now. Sign in the pop-up window of your wallet to confirm the payment. Then you can enjoy the joy of opening the mystery box and checking what kind of NFT you have obtained. (The image here is for reference only. Please see the event page on August 17th for the opening animation and the design of the mystery boxes.) You can then view your NFT in your Layer 2 wallet. About ZKSpace The ZKSpace (formerly ZKSwap) platform consists of three main parts: ZKSwap, the first Layer 2 AMM DEX utilizing ZK-Rollups technology, payment service ZKSquare supporting fast and cheap Batch Transfer, and an NFT minting center and marketplace ZKSea. ZKSpace has been running since February 2021 with hundreds of function iterations, and no security incidents have ever occurred. With innovative NFT L1-L2 transfer, unlimited token listing, cheap and smooth deposit & withdrawal and optimized efficiency, ZKSpace aims to implement EVM-compatible ZK-Rollups and bring the community more Layer 2-based products in the near future. Stay Tuned Website｜Web APP｜Mobile APP｜Twitter｜Telegram｜Discord | Reddit｜Forum｜Medium｜Mirror｜GitHub
Exploring the social graph: value, web3 implementation with current protocols, and its future
Breaking Update: Public Sale of James Rodríguez Zurda NFT Collection Scheduled for August 15
Dear ZKSpace community and football fans, The saying goes “good things happen to those who wait”, and we know you’ve been looking forward to this for a long time. Therefore, we’re now thrilled to announce that the James Rodríguez Zurda NFT will go on sale on August 15th, 2022!NFT Details: Value, Perks, Utilities Zurda (“left foot” in Spanish) is an official collection of commemorative NFTs created in collaboration with football superstar James Rodríguez to be issued on ZKsea. It contains only 1,500 pieces with four rarity levels, incorporating all the iconic moments and highlights of the footballer’s glorious career. As we explained in more detail in our latest blog post, we have designed both online and offline benefits for all Zurda NFT holders. The former includes various signed memorabilia, and the latter access to a series of upcoming events on our platform, token bonus, fee discounts, etc, which are listed in but not confined to the chart below: As we have noticed a continuous increase in awareness and amount of whitelist holders in our community, we felt that it was time for public sale. We have all the event pages ready with clear UI/UX and tutorials to guide you through the purchase experience. The public sale consists of two parts: the first is the auction of the Platinum and Gold NFTs.PART 1: Auction A total of 11 memorable moments formed the inspiration for these NFTs, and they were all motion graphics digitally painted by professional artists, as we disclosed on Twitter recently. They include the goal that won the 2014 Puskas Award, and some of his monumental moments from when he played for Real Madrid, Bayern Munich, etc. If you’re curious about what these NFTs look like, be sure to check out our events page when the auction opens! The auction will start on August 15th, at 7:00 am UTC. At ZKSea we have prepared a dedicated page for the auction, which will transition to feature other auctions in the future. For now, when the auction page is live, you can find the auction tab on the zks.org navigation bar with a small icon of James Rodríguez playing football beside it. How to bid All users are free to bid during the auction. Each bid must at least equal the last bid plus the bid increment. An auction deposit will be required when bidders make their first bid. Your account balance should be sufficient for each bid, and no fees will be charged for non-first bids. If you are the highest bidder at the end of the auction, you have two hours to complete the payment. Note that if you fail to pay within 2 hours, the chance of getting this NFT will be given to the second highest buyer. So be sure to have enough money in your Layer 2 wallet when the auction opens. Zurda can only be purchased with ETH. Find out how to deposit ETH to your Layer 2 wallet: From Ethereum mainnet to Layer 2 — https://en.wiki.zks.org/tutorials/zkspace-tutorials#2.-deposit-transfer-and-withdraw Fiat currenty deposit — https://en.wiki.zks.org/tutorials/banxa-zkspace-tutorial, video tutorial — https://www.youtube.com/watch?v=8-_XNrgkjFs Please rest assured that ZKSea is a decentralized and non-custodial platform. This means that your deposit is kept in your own wallet, and the platform has no technical means to misuse your funds. You can withdraw or transfer your funds at any time. After the auction ends, the system will automatically return your deposit. For bidders who have won the bidding but fail to pay within two hours, the deposit will not be returned. After your payment is received, the NFT will be minted and sent to your Layer 2 wallet. Thereafter, you can hold it and continue exploring the Layer 2 NFT marketplace ZKSea, or you can withdraw it to Layer 1 as all NFTs minted on ZKSea are Ethereum native assets.PART 2: Mystery Box Sale The second part of the public sale is the sale of the mystery boxes scheduled on August 17, 7:00 am UTC. The mystery boxes contain Zurda NFTs in silver and bronze grades. And on opening a mystery box, you will become the proud owner of artwork representing one of eight classic moments from James Rodríguez’s illustrious career spanning three continents. Whitelist The price of a mystery box is 0.15 ETH, with a discount price of 0.12 ETH provided to community members who are on the whitelist. If you want to get yourself on the whitelist before the public sale, join the community and follow the instructions in the channel of James Rodríguez NFT. You can get on the fast track to secure a whitelist spot by pre-depositing the purchase fund of 0.12 ETH by following the instruction here. Or you can check out our Twitter, where we hold activities now and then with WL spot giveaways. The mystery boxes will be sold on a first-come, first-served basis. Therefore, it is recommended that you have your alarm clock set and come to the event page in time when the mystery boxes are on sale. We look forward to seeing you on the public sale day! ZKSpace team About ZKSpace The ZKSpace (formerly ZKSwap) platform consists of three main parts: ZKSwap, the first Layer 2 AMM DEX utilizing ZK-Rollups technology, payment service ZKSquare supporting fast and cheap Batch Transfer, and an NFT minting center and marketplace ZKSea. ZKSpace has been running since February 2021 with hundreds of function iterations, and no security incidents have ever occurred. With innovative NFT L1-L2 transfer, unlimited token listing, cheap and smooth deposit & withdrawal and optimized efficiency, ZKSpace aims to implement EVM-compatible ZK-Rollups and bring the community more Layer 2-based products in the near future. Stay Tuned Website｜Web APP｜Mobile APP｜Twitter｜Telegram｜Discord | Reddit｜Forum｜Medium｜Mirror｜GitHub
ZKSpace Monthly Dev & Operation Report — — July 2022
ZKSpace Monthly Dev & Operation Report — — July 2022 Dear ZKSpace community, Hope this message finds everyone well. During the month of July, we have made some exciting progress regarding $ZKS, Mobile APP downloads, and James Rodríguez NFT Collection, and we are grateful for your participation and feedback. As always, we also continued our efforts in providing educational resources for the community to enhance the awareness and understanding of cryptocurrency, Layer 2 technology, and EVM projects. On July 14th, ZKS was officially listed on CoinStore and the ZKS/USDT trading pair is now open to all users for trading. During the AMA session with CoinStore on July 18th, we updated the community regarding what we have been working on and received 5000+ questions from the community. We would like to thank you for your active participation, and we are planning to connect with the community more in the future in a similar manner. For the James Rodríguez NFT Collection, we are more than excited to announce that the public sale, including the Mystery Box sale and auction, will be live in August, so make sure to follow our Twitter and join our Discord to get sneak peeks of the collection and the latest updates on the exact release date. We are also continuing to give out whitelist qualifications (20% off of public sale) through various channels. You can click here for more information regarding the perks and value of the collection as well as ways to obtain whitelist spots. With the World Cup happening soon, we have also launched a series of events on Twitter to interact with the community and reward active participants. Feel free to join us and claim your rewards! In July, we received lots of attention regarding the ZKSpace Mobile APP V3.1 downloading (Click here for more details on V3.1). More than 5000 users have been participating in our Mobile APP Download event on Twitter. In August, we plan to launch the V3.2, which will allow you to perform as many activities in your NFT collections as you can in our web app, including managing collections, viewing details of collections, and filtering newly added collections in the marketplace. We understand that educating is an important mission that we need to take on to encourage more people to join our industry. Inspired by Binance Academy, we started the ZKSpace Academy Crypto 101 Series in July, sharing educational resources related to the Web 3 ecosystem and providing more insights to both Web 3 native and new users. We are also introducing information related to Layer 2 technology and EVM to help deepen the community’s understanding of what ZKSpace and our peer projects are doing. The more we learn on a frequent basis, the stronger we can grow as a community. In July, we completed the 16th ZKS token burn scheme. Over 170k ZKS tokens were burnt in July 2022. Click here for the transaction details. — About ZKSpace. — The ZKSpace (formerly ZKSwap) platform consists of three main parts: ZKSwap, the first Layer 2 AMM DEX utilizing ZK-Rollups technology, payment service ZKSquare supporting fast and cheap Batch Transfer, and an NFT minting center and marketplace ZKSea. ZKSpace has been running since February 2021 with hundreds of function iterations, and no security incidents have ever occurred. With innovative NFT L1-L2 transfer, unlimited token listing, cheap and smooth deposit & withdrawal and optimized efficiency, ZKSpace aims to implement EVM-compatible ZK-Rollups and bring the community more Layer 2-based products in the near future. — Stay Tuned. — Website｜Web APP｜Mobile APP｜Twitter｜Telegram｜Discord | Reddit｜Forum｜Medium｜Mirror｜GitHub ZKSpace Monthly Dev & Operation Report — — July 2022 was originally published in ZKSpace on Medium, where people are continuing the conversation by highlighting and responding to this story.
James Rodríguez’s NFT Launch on ZKSea: Perks, Utilities & latest photos
Perks, Utilities & James’s latest photos: Inside Legendary Colombian Footballer James Rodríguez’s NFT Launch on ZKSea Dear ZKSpace community, Recently we received photos from Mr. James Rodríguez of him signing the memorabilia dedicated to Zurda NFT holders! We will get right to it and show you some more pictures and then talk more about the NFT collection below. Background For those of you who don’t yet know: the James Rodríguez Zurda NFT is a collection of 1500 exclusive and limited edition NFTs celebrating the impressive career of the Colombian football superstar. In launching his commemorative collection, James Rodríguez has joined a highly reputable list including the likes of Cristiano Ronaldo, who has just announced his partnership with Binance, and Manchester City, Barcelona, Paris Saint-Germain F.C., Arsenal, the Italian and Argentinian National teams in exploring the overlap of digital assets and professional football. NFTs are fast emerging as an effective way for athletes and sporting organizations to connect with their fanbase and build hardcore online communities. With the 2022 World Cup being scheduled to take place in November in Qatar, we foresee this trend growing strong, with many fans wanting to get involved in supporting their favorite players and teams. ZKSea is the world’s first ZK-Rollups-based platform supporting Layer 1 to Layer 2 NFT mutual transferring and the designated NFT launch, mint, and trading marketplace of the ZKSpace ecosystem. Moving forward, ZKSea will feature some exclusive NFT drops aside from the James Rodríguez Commemorative Edition NFT collection, proving a popular alternative to Layer 1 marketplaces and allowing more people to get involved in NFTs. ZKSea is an integral part of ZKSpace, a comprehensive Layer 2 protocol that leverages ZK-Rollups technology to provide users with an ultra-fast, inexpensive, and secure way to transact on Layer 2. For new users looking to be a part of the NFT movement, ZKSpace also features a user-friendly fiat onramp, boosting usability and democratizing access to the exciting future of NFTs to anyone worldwide. The Zurda NFT collection Supply: 1500 (1 Platinum, 10 Gold, 400 Silver, 1089 Bronze) Price: 0.15 ETH for Silver and Bronze (20% off for whitelist holders). The Platinum and the Gold will be auctioned in the public sale (the date will be disclosed soon) To take the bond between football and fans to the next level, and to reward our supportive community, we have designed the following utilities and benefits for all Zurda NFT holders. You can expect real-life memorabilia in addition to the beautifully designed NFT artwork (some of them are animated pictures), which you will get at the purchase of a Zurda NFT. The rarest piece provides the highest benefits. To list a few: NFT BenefitsA unique and classic moment of James Rodríguez’s career, exclusive on ZKSea.Autographed jerseys.Autographed photographs.A recorded video blessing.A video call with James Rodríguez himself NFT UtilitiesPrint the images on your T-shirt, mugs, or any other physical goods.Access to the upcoming ZKSpace Football Metaverse in celebration of the 2022 World Cup in Qatar.Earn a passive income of ZKS tokens by holding the NFTs (the rarer the NFT, the higher the bonus).Whitelist spot for future NFT drops on ZKSpace (more celebrity athlete collaborations on the way).Priority to various events hosted or sponsored by ZKSpace and its partners (live events, conferences, etc.) and be in the draw to win prizes and extra bonuses for your contributions.Bonuses/special discounts for NFT stake-to-earn and guess-to-earn events on ZKSpace (currently under development). The benefits and utilities are not limited to the abovementioned. As our Layer 2 product continues to iterate and our ecosystem grows, more exciting features will be provided to Zurda holders for your support. Note: The whitelist channels are still open, and there are still several hundreds of whitelist spots available now. Join ZKSpace Discord or follow @ZKspaceofficial to find out how to get yourself on the whitelist. You can also join our Gleam referral event to become 1 of 25 users who get free James Rodríguez Mystery Boxes straight away. Check out our pin tweet on @ZKspaceofficial. About ZKSpace The ZKSpace (formerly ZKSwap) platform consists of three main parts: ZKSwap, the first Layer 2 AMM DEX utilizing ZK-Rollups technology, payment service ZKSquare supporting fast and cheap Batch Transfer, and an NFT minting center and marketplace ZKSea. ZKSpace has been running since February 2021 with hundreds of function iterations, and no security incidents have ever occurred. With innovative NFT L1-L2 transfer, unlimited token listing, cheap and smooth deposit & withdrawal, and optimized efficiency, ZKSpace aims to implement EVM-compatible ZK-Rollups and bring the community more Layer 2-based products in the near future. Read more ZKSpace Fiat Deposit Event: Earn ZKS Rewards and Win Limited WL of James Rodríguez NFT Collection ZKSpace New Fee Structure: 50% Off for Your Layer 2 Journey ZKSpace: A Complete Guide to Layer 2 Swap and NFT Minting AMA Recap — ZKSpace CIO Explains Value of James Rodríguez Zurda NFT Collection Stay Tuned Website｜Web APP｜Mobile APP｜Twitter｜Telegram｜Discord | Reddit｜Forum｜Medium｜Mirror｜GitHub James Rodríguez’s NFT Launch on ZKSea: Perks, Utilities & latest photos was originally published in ZKSpace on Medium, where people are continuing the conversation by highlighting and responding to this story.
ZKSpace Fiat Deposit Event: After Depositing on ZKSpace, What’s Next?
Dear ZKSpace Community,. — To better facilitate your usage of the Layer 2 services on ZKSpace, we have partnered with Banxa to enable fiat deposit channel. Now you can use fiat currency to buy ETH, USDT and ZKS on ZKSpace with credit/debit cards. The Banxa fiat onramp solution supports more than 40 fiat currencies around the world. ETH, USDT and ZKS can all be used to pay the small fees to carry out all different activities in the ZKSpace ecosystem. Currently, ZKSpace is able to lower the transaction fees by 70% — 90% compared to the Ethereum mainnet. Here are some of the fancy things you can try with ETH, USDT, or ZKS on ZKSpace:Mint (with a cost equivalent to 2U), list (for free), and purchase/sell NFTs on one of the Top Layer 2 NFT marketplaces, ZKSea (click here for details). As of now, 44k+ NFTs were minted on ZKSea, and the transaction volume has reached 303K+.Exchange tokens on Layer 2 DEX ZKSwap. ZKS/USDT, ZKS/ETH, ETH/USDT, WBTC/USDT, and ETH/WBTC are the main trading pairs. You can also participate in Proof-of-liquidity mining and Proof-of-transaction mining to earn yield on your assets. In comparison to the popular Layer 1 platform Uniswap, ZKSwap offers a much faster confirmation process and lower processing fees (0.5U + 0.3% * Trading Volume).If you need to transfer funds to Layer 1, you can use Fast Withdraw to withdraw funds from Layer 2 to any ERC20 address.If you need to process payments to multiple people at once, you are recommended to use our newly introduced Layer 2 Batch Payment function (click here to use Batch Payment). You can transfer funds to up to 60 addresses with only one signature. ZK-Rollup technology ensures that our Batch Payment fees are extremely low (click here for details). The fees can be paid with ETH, USDT or ZKS.Participate in NFT auction & mystery box sale. As of now, you still have a chance to get whitelist spots to our James Rodrigues NFT Collection sale. If you are one of the first 1,000 users to try the Banxa deposit option and deposit 0.12 ETH or more on ZKSpace, you will automatically be allocated a whitelist spot for the mystery box sale, enjoy a 20% discount, and get a 100 ZKS reward. Should you have any questions, feel free to contact our community administrator on Discord. — Soon you will be able to:. — Participate in the upcoming World Cup series of events by holding ETH, USDT and ZKS on ZKSpace. Details will be announced later.Get yourself a Layer 2 Domain Name. We will launch a Layer 2 Domain Name service, similar to ENS, with lower gas fees incurred during the name editing process. The project is currently in the testing stage, so stay tuned! — How safe we are. — We understand that for all users, the most concerning question is: Is my money in a safe place? In response to that question, we would like to reassure you of the security measures we provide for your assets. ZKSwap Version 1 mainnet was launched in February 2021. It is the first ETH Layer 2 DEX based on ZK-Rollups. It implements all the functions of Uniswap on Layer 2 and solves the problems of slow transaction speed and high gas fees on the ETH mainnet. ZKSwap has been audited by many top of the line blockchain security firms, such as SlowMist and Certik, and is ensured to providing the same security level as the ETH mainnet does. After the launch, we hosted a series of innovative events, such as a variety of mining reward campaigns and gas fee subsidy activities, which helped the platform reach the peak TVL of 2.5 billion US dollars. Since then, we have been following our roadmap and have released the functions of unlimited token listing and fee token selection, and have created the first Layer 2 NFT platform that supports users’ independent NFT minting, deposit and withdrawal. So far, ZKSwap has gone through 3 major version iterations (ZKSwap was rebranded and upgraded to ZKSpace at the end of 2021) and has carried out hundreds of function iterations and optimizations without any security incidents. With your trust, ZKSpace team will continue to explore the field of Ethereum scaling solutions and iterate products with the highest user experience. — About ZKSpace. — The ZKSpace (formerly ZKSwap) platform consists of three main parts: ZKSwap, the first Layer 2 AMM DEX utilizing ZK-Rollups technology, payment service ZKSquare supporting fast and cheap Batch Transfer, and an NFT minting center and marketplace ZKSea. ZKSpace has been running since February 2021 with hundreds of function iterations, and no security incidents have ever occurred. With innovative NFT L1-L2 transfer, unlimited token listing, cheap and smooth deposit & withdrawal and optimized efficiency, ZKSpace aims to implement EVM-compatible ZK-Rollups and bring the community more Layer 2-based products in the near future. — Read more. — ZKSpace Fiat Deposit Event: Earn ZKS Rewards and Win Limited WL of James Rodríguez NFT Collection ZKSpace New Fee Structure: 50% Off for Your Layer 2 Journey ZKSpace: A Complete Guide to Layer 2 Swap and NFT Minting AMA Recap — ZKSpace CIO Explains Value of James Rodríguez Zurda NFT Collection — Stay Tuned. — Website｜Web APP｜Mobile APP｜Twitter｜Telegram｜Discord | Reddit｜Forum｜Medium｜Mirror｜GitHub ZKSpace Fiat Deposit Event: After Depositing on ZKSpace, What’s Next? was originally published in ZKSpace on Medium, where people are continuing the conversation by highlighting and responding to this story.
ZKSpace Monthly Dev & Operation Report — — June 2022
ZKSpace Monthly Dev & Operation Report ——June 2022 Dear ZKSpace community, The month of June was packed with lots of events and activities, and we were so glad to reach out to you through AMA sessions as well as consensus in Austin and New York, and we are looking forward to strengthening connections with you through similar events in the future. During the past months, we have also made a lot of progress regarding the James Rodríguez NFT Collection, Mobile APP updates, Fiat Onramp Integration, etc. For the James Rodríguez NFT Collection, we have given out lots of whitelist qualifications through various channels and will continue to do so to maximize the benefits for our community. We have hosted 5 AMA sessions with various platforms and partners to explore the potential of the NFT market and to gather feedback from the community. We are also hoping to host more similar events in the future and communicate more frequently with everyone, so make sure to follow our Twitter and join our Discord to keep track of information on James Rodríguez’s NFT Collection and the latest updates. (Click here for more information regarding the perks and value of the collection as well as ways to obtain whitelist qualifications) The integration with fiat onramp solutions is now finished and users can use Banxa to make fiat-to-crypto deposits directly to ZKSpace. You are now able to access cheap and fast Layer 2 services, such as swapping coins, buying NFTs, and joining mining events with your debit or credit cards. (Click here for the text tutorial and here for the video tutorial on how to use Banxa to buy crypto on ZKSpace) In June, we launched the 3.1 version of ZKSpace Mobile APP with newly added features that improve the overall user experience. (Click here for more details of the latest version). In July, we are planning to launch the 3.2 version, which will allow you to perform more activities in your NFT collections, including managing collections, viewing details of collections as well as filtering newly added collections in the marketplace. In June, we completed the 15th ZKS token burn scheme. Over 246k ZKS tokens were burnt in June 2022. Click here for the transaction detail. About ZKSpace The all-new ZKSpace platform consists of three main parts: ZKSwap, the innovative Layer 2 AMM DEX utilizing ZK-Rollups technology, payment service ZKSquare, and an NFT minting center and marketplace called ZKSea. With an all-new-look user interface, NFT support, unlimited token listing, cheaper and smoother deposit & withdrawal, and optimized efficiency, ZKSpace aims to implement EVM-compatible ZK-Rollups and bring the community more layer 2-based products in the near future. Stay Tuned Website｜Web APP｜Mobile APP｜Twitter｜Telegram｜Discord | Reddit｜Forum｜Medium｜Mirror｜GitHub ZKSpace Monthly Dev & Operation Report — — June 2022 was originally published in ZKSpace on Medium, where people are continuing the conversation by highlighting and responding to this story.
More Zilliqa (#ZIL) News
|Zilliqa Announces Its Own Web 3 Gaming Console With Crypto Mining Capabi...
Zilliqa is working on a console that will offer the possibility of mining cryptocurrencies while players have fun with their favorite Web3 games.
Zilliqa, a Layer 1 blockchain protocol, announced the launch of its new Web3-focused video game console competing against Nintendo, Microsoft, and Sony— but with a twist that makes it unique.
According to Zilliqa's statement published by VentureBeat, the new console is designed for gamers and cryptocurrency enthusiasts, as it will feature its own Game hub, a Web3 wallet, and crypto mining utilities. By next month Zilliqa will start testing the gaming hub.
For now, Zilliqa has refrained from disclosing the hardware specifications of the console; however, judging by the variety of ports shown in the photos (Headphone Jack, Ethernet, USB-C, USB 3.0, HDMI, among others), it is expected to be a competitive piece of hardware on par with its mainstream competitors.
Zilliqa gaming console ports
Zilliqa Hopes to Become the Steam of Web 3 Gaming
Valentin Cobelea, head of gaming technology at Zilliqa, said the company got a great response from the community when it announced its first game at Gamescom. The team expects to catch users' attention not only for the gaming capabilities of their device but for its monetary incentives, which will be a nice plus for those interested in getting it.
'Zilliqa's hardware console and gaming hub will allow non-crypto natives to earn money while playing fun games without the complexity of managing the ...
|What To Stake in 2022: Zilliqa Blockchain in figures
Citing the official crypto developers' resource, CoinDesk reported that the Ethereum Foundation has rescheduled the transition to the Proof-Of-Stake consensus algorithm.
The Eth1 and Eth2 networks merger with the subsequent abandonment of mining as a means of transaction validation was planned for late 2021 - early 2022. Now, the developers aim to implement Proof-Of-Stake between Q1 to Q2 2022. Thus, miners receive extra time to withdraw profit from their GPU, which can adversely affect the availability of GPUs in retail.
However, staking enthusiasts shouldn't just sit around waiting for this big day. Moreover, this is not the first time Buterin's team has postponed it. Meantime, we offer one up-and-coming project - Zilliqa.
It is one of the fastest-growing blockchains worldwide that offers its users DeFi and the simplest way to create user-friendly dApps. This is an open and transparent platform with marketplaces where users can mint items and turn them into unchangeable and tamper-proof NFTs. Zilliqa embraces Metapolis, a groundbreaking metaverse-as-a-service (MaaS) platform built on the top of Zilliqa blockchain.
The Zilliqa blockchain is safe and secure. It was developed by the brightest minds and experienced people in the industry. The platform offers lower transaction fees and developer-friendly smart contract language. Its consensus protocol was designed with sustainability in mind. As the network grows, the transaction capacity increases too.
As the Zilliqa blockchain...
|Biggest Movers: APE up Almost 30%, ZIL and AAVE Among Wednesday's ...
APE was up close to 30% on Wednesday, as the recently listed token climbed to its highest point since it began trading on March 17. AAVE also saw a double-digit percentage increase today, whilst ZIL extended recent gains.
AAVE was up by nearly 10% in today's session, as prices rallied for a third consecutive session, following losses last week.
Tuesday saw AAVE/USD hit a low of $175.69, however today, prices surged to an intraday peak of $198.02.
This move saw AAVE climb to its highest point in two weeks, April 6 to be precise, where price was trading above $200.
Looking at the chart, this $200 mark has long acted as a resistance point, and this ceiling held firm today as bulls raced towards this level.
Bulls would have likely taken profits, as the 14-day RSI neared its own ceiling of 54.90, which hasn't been broken in over a month.
Should this ceiling be broken, there is a strong possibility that prices could be heading towards $240, which seems to be the next key resistance point.
Speaking about resistance, ZIL rose to its own ceiling during Wednesday's session, as traders extended yesterday's bullish momentum.
Following a bottom of $0.1097 yesterday, ZIL/USD hit an intraday high of $0.1237 on hump-day, which is its highest level since last Thursday.
This high was also marginally below its long-term resistance level at $0.1260, which was last broken two weeks ago.
Several false breakouts later, ZIL is now once again back to this point, and bulls have s...
|Biggest Movers: LINK Hovers Near Long-Term Support as ZIL Loses 10% of I...
ZIL was down by as much as 10% to start the week, as prices continued to fall following recent highs. LINK was also predominantly red on Monday, as it marginally fell below the long-term support level, hitting a one-month low in the process.
ZIL was one of the biggest crypto movers on Monday, as prices dropped by as much as 10% to start the week.
After trading at a high of $0.1154 on Easter Sunday, ZIL/USD raced to an intraday bottom of $0.1015 during Monday's session.
Today's drop sees ZIL fall for the fourth consecutive session, pushing prices below its recent support level in the process.
This floor of $0.1030 gave way for the first time this month, with prices falling to their lowest level since late March.
In addition to this, the 14-day RSI also saw its own floor broken, as price strength continued to track in oversold territory.
Following a high of $0.2300 to start the month, ZIL has seen consistent falls in price, which now means prices are over 50% lower so far in April.
Similar to ZIL, LINK has fallen for much of April thus far, as prices moved away from multi-month highs.
As of writing, LINK/USD slipped to a bottom of $13.21, following a high of $14.52 during yesterday's session.
This move sees LINK trading around 8% lower to start the week, and has led to a breakout of the $13.50 price floor.
As a result of today's drop, prices have fallen to their lowest point since March 15, which could be good news for bulls looking to buy the...
|Biggest Movers: RUNE, ZIL Rebound Following Recent Losses, Trading Nearl...
ZIL was up by more than 20% in Thursday's session, as prices rebounded following a string of recent drops. RUNE was also up by over 15% today, as it hit its highest point so far this week. Overall, the global crypto market cap is up 2.08% as of writing.
Following almost two weeks of declines, ZIL finally stopped the bleeding, rallying by over 20% during today's session.
ZIL/USD rose to an intraday high of $0.1263 earlier in Thursday's session, as price continues to move away from its recent support point.
This floor was at the $0.1033 level, which has historically seen significant bullish moves begin from there, and today's rally follows this trend.
Recent momentum in ZIL has now taken prices to what seems to be a short-term ceiling of $0.1245, with some expecting an imminent breakout.
However, there appears to be an obstacle in place which could potentially prevent this from happening, with the 14-day RSI also trading at resistance.
Looking at the chart, the relative strength index is currently tracking at 57.06, which is slightly below the ceiling of 57.70.
Should this point be broken, we could be looking at ZIL rallying back towards $0.1400.
RUNE also rose on Thursday, moving past XTZ to cement itself as the world's 44th-largest cryptocurrency.
Following a bottom of $7.42 during Wednesday's session, RUNE/USD climbed to an intraday high of $9.35 earlier today.
The move came as RUNE moved away from the support level of $8.15, following what...
|Biggest Movers: CELO, LUNA Higher, ZIL Moves Over 15% Lower
Despite the global cryptocurrency market cap mainly consolidating on Tuesday, LUNA and CELO were some of the session's biggest gainers. ZIL, on the other hand, continued to fall following recent highs, trading over 15% lower during today's session.
ZIL fell for a fourth straight session on Tuesday, as prices continue to slip away from last week's high of $0.2313.
While ZIL fell by almost 13% today, CELO gained by almost the same percentage, climbing to its highest level in almost four months in the process.
Following a low of $3.68 to start the week, CELO/USD rallied to a high of $5.19 in Tuesday's market session.
This is the highest level CELO has traded at since January 13, as prices continued to fall from a high of over $6.00.
Looking at the chart, today's gains somewhat eased as prices neared the resistance level of $5.20, a level which has historically birthed a high level of uncertainty.
CELO is also currently overbought according to the 14-day RSI, which is currently tracking at 76.31.
This could give bears further impetus to enter the market at this level, in a similar fashion to the selloff that occurred in mid-January.
LUNA rallied to a new record high during today's session, as it moved past ADA to cement itself as the world's seventh-largest cryptocurrency.
Following a low of $109.94 on Monday, LUNA/USD surged to an intraday high of $119.18 on Tuesday, which is its highest price on record.
Tuesday's record high comes less than a week remov...
|Zilliqa (ZIL) Skyrockets 385% in the Weeks Leading to Metapolis Launch&n...
Zilliqa – a scalability-focused DeFi blockchain – is seeing its cryptocurrency skyrocket leading up to the Metapolis launch this month. ZIL is up nearly 5X over the last two weeks, rising from $0.041 to $0.2 as of Friday.
Zillqa leverages a layer 2 scaling solution known as “sharding”, which partitions a blockchain network into “shards” to spread out transaction workload. This method is currently being tested by Ethereum.
Meanwhile, Metapolis is a metaverse-as-a-service offering that offers clients a blank slate on which to develop their own metaverses. Metapolis will be powered by the Zillqa blockchain.
'Zilliqa built Meta city and called it Metapolis,” tweeted Zillqa on Wednesday. This is the big secret which will be revealed this April 2nd at the event in Miami.”
Meta – formerly Facebook – also teased being involved with the project in January. The company has transitioned towards adopting and promoting the “metaverse” concept – a future world where our virtual lives consume us more than our real ones.
The Metapolis launch event will go live on Saturday in Miami. This is just days before the largest ever Bitcoin conference begins in the same city.
Sandra Tlibe – Head of Metaverse and NFT at Zillqa – suggested that JPMorgan may have already established a plot of land in Metapolis.
“Metapolis will allow conceptually-rich and custom-designed domes as part of cities ...
|Biggest Movers: ZIL Jumps on Metapolis News, as AAVE Almost 15% Higher o...
ZIL was on the rise yet again to end the week, as prices are now trading almost 300% higher than on Monday. The increase in value comes as markets gear up to the release of Zilliqa's metaverse service platform called 'Metapolis.' Many expect the official launch to come tomorrow, and anticipate it to be a game-changer in this space.
ZIL extended this week's gains, climbing by as much as 14% today, taking its one-week price increase to over 300%.
Surges in the price of the Zilliqa token came as markets anticipated a new product launch that would adapt a metaverse-as-a-service model.
Bulls have bought into the idea, with ZIL/USD climbing to an intraday high of $0.2281 on the news.
This is the most ZIL has traded since May 10 last year, and comes as the 14-day RSI continues to track off the charts.
As of writing this, the indicator was tracking at 92.48, which is beyond the overbought threshold of 70, however, does not look to be losing any momentum.
However, the age-old adage 'what goes up must come down' rings true, despite current bulls likely to continue riding the wave.
AAVE rose to a multi-month high during Friday's session, as prices rebounded from a disappointing day of trading yesterday.
Following a low of around $205.16 to begin the day, AAVE/USD surged to a high of $246.52 during Friday's session.
This is the highest point AAVE has hit since January 4, and comes as the 14-day RSI bounded from recent support of 69.05.
The surge in price strength ...
|Biggest Movers: ZIL Rallies to 11-Month High, as SOL and WAVES Extend Re...
Solana extended recent gains, as it continued to cement its place as the world's sixth-largest cryptocurrency. ZIL also rose on Thursday, following yesterday's 50% increase in its value. All of this came as WAVES jumped by as much as 15% during the session.
Although solana (SOL) was higher for a third straight session, hitting a multi-month high in the process, it was zilliqa (ZIL) which was once again the day's biggest gainer.
Today's surge saw ZIL/USD climb to an intraday high of $0.218 during Thursday's session, which is its highest point since last May.
Following the breakout of the $0.1090 resistance, ZIL has rallied to reach a streak of higher highs throughout the course of the week.
Price strength continues to be overbought as a result of these gains, with the 14-day RSI now tracking at 91.51.
This is the highest point this indicator has hit on record, which shows that there could only realistically be one direction long-term from this point.
As seen from today's candlestick, the wick fell from its earlier highs and now trades at $0.1844, which is likely a result of profit-taking.
The price of waves (WAVES) rose for a fourth consecutive session on Thursday, hitting a new all-time high in the process.
Following yesterday's high of $60.03, WAVES/USD climbed to an intraday high of $62.36 during today's trading session.
This move came following earlier lows of $49.68, with WAVES prices trading nearly 13% higher than this, as of writing.
|Biggest Movers: AXS Falls Lower Following Hacks, While ZIL Climbs by Ove...
AXS was trading lower on Wednesday, after it was reported that the Axie Infinity network Ronin suffered a breach, leading to hackers stealing over $620 million from the blockchain-based trading and battling game. This came as ZIL was trading by over 50% higher during the session.
Zilliqa (ZIL) was up by over 50% in today's session, as traders continued to react to the news that Zilliqa was partnering with Agora.
Following the news, ZIL rallied by over 200% in the past week, with today's gains seeing prices hit an intraday high of $0.1604.
Today's peak comes as ZIL/USD broke past its resistance level of $0.1080, pushing prices to a new record high in the process.
Looking at the chart, these recent highs have come as prices moved away from the support level of $0.0418 on March 21.
Since then we have seen a streak of higher highs from ZIL, with price strength currently tracking off the charts.
As of writing, the 14-day RSI is currently at a reading of 89.17, which is substantially above its previous high of 65.
This could be inviting to bears looking for a reversal in prices.
AAVE, HNT, and VET were all big movers today, with most of these climbing by over 10%, however the most notable secondary mover today was SOL.
SOL/USD climbed to an intraday high of $124.29 during today's trading session, as it replaced LUNA as the world's eighth-largest cryptocurrency.
This move from SOL came as the price broke out of the long-term resistance level at $113.70, ...
|Zilliqa ready to launch metaverse-as-a-service (MaaS) platform, Metapoli...
Zilliqa, a layer-1 blockchain protocol, soon will be launching Metapolis – an extended-reality (XR) metaverse that offers its partners a MaaS platform.
With Metapolis, Zilliqa gives users a data-centric and fully customizable XR experience accessible through web/artificial reality (AR) and virtual reality (VR). Metapolis is already building cities with a host of brands in gaming, esports, and the music industry, with $2M in pre-launch revenue from the initial partnership.
Built on the Zilliqa blockchain – which uses sharding technology – Metapolis is highly scalable and affordable, with less energy use than other blockchains making it more environmentally friendly. Essentially, Metapolis is a blank canvas; brands define their space to be whatever they want it to be.
Metapolis creates digital locations that fit each of its clients’ unique needs. For example, a world where users can connect with their favorite artists will vary vastly from a world to engage with sports teams.
Highlights of Metapolis include:
Built for interoperability - open teleportation between Metapolis cities ensures it is a connected metaverse with no digital boundaries.
Advanced gaming engines - Unreal Engine and Unity are used, ensuring that every location is visually engaging as well as fully operational.
Prioritization of user safety - Metapolis is built with Know Your Customer (KYC) checks and policing to ensure the highest level of security.
The post Zilliqa ready to launch...