Kommunitas

Kommunitas has conducted an AMA with<a href="https://medium.com/u/c8104cc569?source&#61;post_page-----dffe279857fa--------------------------------" rel="noopener noreferrer nofollow">Zecrey Protocol</a>. Mr. Rick as Community Manager of Zecrey Protocol gives the community a better understanding of his project.SEGMENT 1: INTRODUCTION QUESTIONSQuestion 1: Can you give us a brief introduction to the Zecrey Protocol for those who are new here?<blockquote>Rick: Zecrey is a zk-Rollup based Layer 2 protocol featuring privacy and scalability. Leveraging zkRollup, we want to safeguard users’ ownership of their assets and ensure that the security of the system will be as strong as the underlying mainchain. To understand Zecrey in a better way, there are 3 different perspectives.// Asset-Oriented SolutionFirst, Zecrey Protocol is a zkrollup-based solution for vertical use cases, oriented towards asset and ownership. It focuses on a fundamental need for trading that is associated with two types of assets: fungible assets like ERC20 and non-fungible assets like ERC721/ERC1155. The basic demand we will meet includes multiple scenarios derived from fungible and non fungible assets such as:1. The transfer of tokens2. The swap of tokens and3. The issuance and trading of NFT and so forth.As part of our core functionality, we have ensured that Zecrey enables privacy features for fungible asset transactions, security level same as underlying mainchain and faster transactions than any other platform. Apart from that, our solution based on zk-Rollup technology benefits users with1. Complete ownership of their assets.2. Ultra-fast transaction confirmation speed, and3. Ultra-low transaction fees.// Primitives to ApplicationsSecond, from the perspective of protocol layering and at the core of the architecture, Zecrey offers all the basic primitives required on the asset layer. These primitives will be used as the encapsulation provided by the bottom layer to the upper layer.The basic primitives built with zk-rollup technology will help us provide users with the ability to transfer, swap, and perform basic functions such as NFT minting, buying, and selling.Based on the above, we will provide feature-rich and easy-to-call SDKs to the public. Speaking of SDKs, I’d like to mention that our SDKs will be unique. It will include private payment, private versions of DEX similar to Uniswap V2, and a platform for NFT issuance and transactions. For example, the SDK of NFT Issuance is based on the primitives of minting NFTs, and Zecrey-Dex is based on the primitives of Swap.// Customized Bottom-up ArchitectureThird, Zecrey provides complete customized architecture from the bottom up. The bottom layer of this Architecture will be the infrastructure layer based on zkRollup. And the upper layer will have SDK/API to provide relevant development components.The top layer will consist of various applications including payment and NFT market products. And the outermost layer will provide products for C-end users and a multi-chain wallet with a plugin and mobile version.The customization we have implemented in this architecture gives us the capacity to design more complex interactions and customized transaction support for both fungible and non-fungible assets.</blockquote>Question 2: What kind of product isZecrey team building and what users can do with it ?<blockquote>Rick: From the perspective of products, Zecrey provide a user-friendly wallet supporting L1s and Zecrey native L2s. There are two different types of Layer 2 systems embedded into our wallet, namely, Zecrey Zero &amp; Zecrey Legend. The first mainly focuses on privacy features and the second mainly focuses on NFT issuance and NFT marketplace.For Layer 1 functions, it mainly serves as an entry to manage assets. Now we have released the mainnet wallet for Layer 1s. We initially support 7 chains, mostly EVM compatible chains as well as a non-EVM chain, Near native chain.For Zero, we enable privacy features where users can conduct private transfer and private swap transactions. The privacy feature here we mention is mainly related to transaction amount, which means the transaction amount will be concealed by protocol, and no one but yourself knows.For Legend, it could be viewed as a NFT marketplace on Layer 2, the first zk-Rollup based Layer 2 solution on BNB chain. As the strategic partner of Binance Labs and BNB chain, Zecrey Team created the NFT market with the consistent high-quality design and solid cryptographic scheme. Zecrey supports Mint/Transfer/Auction/Withdraw NFTs for NFT buyers and artists. Users can operate NFTs in low gas (even zero gas) in the layer 2 network and withdraw the layer 2 NFT to the underlying layer 1 network. NFT transactions on Zecrey NFT Market are advantageous with faster speed, low even no gas fee and the sound security shared with BNB chain. And royalty can be set by NFT artists to incentivize the creative genius.</blockquote>Question 3: Recently, Zecrey team had a keynote speech on #Smartcon 2022 in NYC held by Chainlink, “A deep-dive into a Layer 2 Game Studio”. Could you elaborate more about this?<blockquote>Rick: For Game Studio, it is mainly about Zecrey Legend. And the main scenario of Zecrey Legend will include various primitives of FT and NFT in a non-private environment.For example, Dex, FNT engine, and NFT market will be the main reference scenarios supported by Legend. Today we are going to focus on the Web Game Engine based on the Legend L2 network.Zecrey Legend mainly provides the following powerful SDK components for Web3 games:1. Account Management: including integration with layer 1 and layer 2 user information2. Asset Management: FT-related primitive support, such as Dex, payment, etc.3. NFT Operation: Including NFT query, issuance, order creation, purchase, transfer, etc. In the NFT query part, Legend is supported by a separate marketplace like Opensea, so games can gain easy access to the NFT market on the layer 2 network, and enjoy customized functions without reinventing the wheel.4. Resource Storage: storage of in-game resources, including media resources, etc.-Players can enjoy convenient in-game experiences including:NFT mint with 0 gas fee-Millisecond level transaction confirmation-Fast marketplace integration</blockquote>Question 4: What are Zecrey’s competitors?<blockquote>Rick: There are comparable products on the market offering similar functions to Zecrey.For Zecrey Zero, Aztec has similar functions with privacy. Zecrey provides a more friendly user experience and realizes millisecond-level computing privacy proof.For Zecrey Legend, notably Starkware and ImmutableX. Starkware provides the functions of infra layer and SDK, while immutableX further encapsulates its own SDK based on Starkware SDK for the use of game applications in the immutableX ecology.Zecrey will be taking a different approach by building infrastructure, SDK and applications from the ground up to further incentivize more dAPPs to the Zecrey ecosystem.</blockquote>Question 5: What is the Roadmap for Zecrey?<blockquote>Rick: Talking about our roadmap and milestones, we’d like to share that September has been a great month for us. Zecrey celebrated its first monumental milestone.Together with BNB Chain, we open-sourced the ZKBNB Layer 2 network based on Zecrey’s underlying technology, allowing anyone and any team to build their own Layer 2 network platform in a short span.And Zecrey-Legend will also be the first end-to-end zkRollup solution on the BNB chain.After completing the open source work of zkBNB, our next milestone will be to release the Zecrey Legend on testnet and mainnet in Q4. We expect to release the Legend test network in October. We are also planning to release a more complete web3 game SDK integration solution and cases for more developer teams who are interested in the game track.</blockquote>SEGMENT 2: LIVE SESSIONQuestion 1: Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product?<blockquote>Rick: Yes, we do value the feedbacks from community and we have the specific channel for #feedbacks. And in the past, we have released our internal tesetnet and public testnet for collecting feedbacks and it helped a lot to polish our proruct. And in terms of your question for who is our ideal consumer, I think apart from the native web 3 users, we also put a lot of efforts in lower the barriers for non-web 3 users. And we have our account system designed for them, it is easy-to-use and easy to manage. And our UI/UX is also easy to understand for users too. Hope you would try out our product and give us more feedbacks.</blockquote>Question 2: Are you afraid some day there will be another project with more innovative technology can replace your project ?<blockquote>Rick: I like this question and it is a good question for all projects in this space. In short, we dont fear and actually we are lookiong forward to seeing more innovations in this space. Whenever it happens, it means the crypto space is keeping evolving. And back to zk-track, there are many use cases emerging in the past few months. And we also have many disscussions with them, really excited to learn that more and more ideas/cases/innovations coming out. The reason why we dont fear also lies in that we are keeping learning and adapt to the changes in this space too. And the ultimate goal for us is to solve the real problems and add/bring value for users, especially for those who have not got the change to use web 3 techs.</blockquote>Question 3: Bear cycle. In a bear run where most of the projects fail and sometimes gone into oblivion, how will your project stand the test of times? What strategies do the project employ to mitigate possible losses?<blockquote>Rick: It’s been a while when people start to say now its bear market. But for projects, in such an environment, it is good time to buld too. When in bull market, a lot of FOMO outside, it may be not easy to focus on delivery of your products. The question you brought here of how we stand the rest of time, it mainly about what fininancial status the project is in. Our financial staus and burn rate are healthy and that is why we can focus on buidling and delivery of our protocol.</blockquote>Question 4: Is your platform suitable for Crypto beginners? Or is it only appealing to professional users?<blockquote>Rick: I also want to pick up this one to answer. Since day 1, we have put a lot of time and efforts in designing and implementing a product suitable for crypto beginners not just for professions. And we would like to hear more feedbacks from our community to make it better too.</blockquote>Question 5: Have you being audited ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?<blockquote>Rick: I’ll take this one as the final. Yes, we have done with two auditors, SlowMist and Certik. And we do value security first, for our system, we have published the wallet code</blockquote>SEGMENT 3: LEARN AND EARNQuestion 1: What technology is Zecrey’s L2 built on?<blockquote>Answer: zkRollup/zk-rollup/zkrollup/</blockquote>Question 2: Name the two Layer 2s Zecrey team are working on.<blockquote>Ans: Zecrey Zero &amp; Zecrey Legend</blockquote>Question 3: Which Layer 2 is for Web 3 Game Studio?<blockquote>Answer: Zecrey Legend</blockquote>Question 4: What is the main focus of Zecrey Zero?<blockquote>Answer: Privacy/Private Payment</blockquote>Question 5: What is the title of the keynote speech Zecrey team gave at #Smartcon 2022 NYC?<blockquote>Answer: A deep-dive into a Layer 2 Game Studio</blockquote>Zecrey Protocol Official Links&#x1f5a5;️Website: <a href="https://www.zecrey.com/" rel="noopener noreferrer nofollow">https://www.zecrey.com/</a>&#x1f426;Twitter: <a href="https://twitter.com/zecreyprotocol" rel="noopener noreferrer nofollow">https://twitter.com/zecreyprotocol</a>⭐Discord: <a href="https://discord.com/invite/U98ghQsJE5" rel="noopener noreferrer nofollow">https://discord.com/invite/U98ghQsJE5</a>&#x1f50d; Medium: <a href="https://zecrey.medium.com/" rel="noopener noreferrer nofollow">https://zecrey.medium.com/</a>

[RECAP] AMA: Kommunitas x Zecrey Protocol

Kommunitas Official

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