Home » Crypto » What is ZKSwap coin (ZKS) and how does it work?

What is ZKSwap coin (ZKS) and how does it work?

by Financial Economy

ZKSwap is a token swap protocol based on Automated Market Maker (AMM). Thanks to ZK-Rollup technology, all uniswap functions are performed at Layer-2 while providing unlimited scalability and privacy. Detailed information about what is ZKSwap coin (ZKS), how it works, how much it costs, how to buy, etc. is in the continuation of the content. You can browse here for information about CEEK coin.

What is ZKSwap coin (ZKS) and how does it work?

Zks coin is the cryptocurrency of the platform established by the decentralized ZKswap exchange working with ethereum infrastructure to provide liquidity providers and traders with ultra-high efficiency and zero gas fee clearing infrastructure and transactions.

ZKSwap provides liquidity providers and traders with ultra-high efficiency Swap infrastructure and transactions do not require any Gas fees. Users have full control over their assets, transactions do not require authorization and have good privacy and higher liquidity.

Based on ZK-Rollup technology, the transaction TPS can be increased by more than one order of magnitude. Liquidity providers and their users do not need to pay high gas fees, which greatly reduces the usage threshold.

The ZKSwap server can interact with users via the WebSocket interface and can also monitor transactions on the Ethereum blockchain. All legal action requests will be placed in the ZKSwap memory pool, which will eventually be processed by Swap Engine.

ZKSwap’s zero-knowledge proof system adopts a distributed architecture and uses the latest zero-knowledge proof algorithm PLONK to generate proofs. PLONK’s global trust setup only needs to be created once, and applications with a certain circuit scale range can be reused, greatly reducing the threshold for using zero-knowledge proofs.

How to buy ZKSwap coins? How much is the ZKS coin price?

ZKSwap coin can be purchased from the listed cryptocurrency exchanges. But it is necessary to make sure that the exchange is reliable. As of December 1, 2021, the price of 1 ZKS coin is around $ 0.65 (the price can change instantly).

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

Related Posts

Leave a Comment