Token

zkSync

<h4><strong>The network recently announced its intention to hand over governance to the community by the end of June. </strong></h4> 
<p>The upcoming v24 upgrade is slated to be the last before this transition. Let’s explore more about ZkSync.</p> 
<h5><strong>Community Governance on the Horizon</strong></h5> 
<p><a href="https://www.altcoinbuzz.io/?s=ZK+rollup" target="_blank" rel="noopener">Zero-knowledge (ZK) rollup</a> zkSync has been gaining attention for its innovative approach to scaling Ethereum. By leveraging zero-knowledge cryptography, zkSync aims to provide cheaper transactions and improved scalability.</p> 
<p>The anticipation for an airdrop has been building since March last year when investors bridged over $8 million worth of tokens to zkSync in hopes of being eligible. This move reflects the growing interest and confidence in zkSync’s potential to revolutionize Ethereum’s scalability and transaction costs.</p> 
<p><img decoding="async" class="wp-image-140859 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/gfgfkuiuo-300x273.png" alt="" width="513" height="467" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/gfgfkuiuo-300x273.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/gfgfkuiuo.png 394w" sizes="(max-width: 513px) 100vw, 513px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/zksync/status/1791488199715348727" target="_blank" rel="noopener">X</a></strong></h6> 
<p>ZkSync operates as a layer-2 network, designed to scale Ethereum by performing computation and storing data off-chain. It falls under the category of ZK rollups, a subtype of layer-2 solutions that rely on zero-knowledge cryptography.</p> 
<h5><strong>More About ZkSync</strong></h5> 
<p>This technology is considered one of the most promising advancements in the blockchain space, offering enhanced privacy and efficiency.</p> 
<p><img decoding="async" class="wp-image-140861 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/ngfhkytu6tu-258x300.jpg" alt="" width="487" height="567" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/ngfhkytu6tu-258x300.jpg 258w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/ngfhkytu6tu-361x420.jpg 361w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/ngfhkytu6tu.jpg 394w" sizes="(max-width: 487px) 100vw, 487px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/insider_zksync/status/1790691105656447320" target="_blank" rel="noopener">X</a></strong></h6> 
<p>The recent Ethereum network upgrade, known as the Dencun upgrade, played a crucial role in reducing transaction fees on layer-2 networks like zkSync. By allowing these networks to compress transactions before sending them in batches to the Ethereum mainnet, the upgrade significantly lowered transaction costs for users.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/zksync-teases-governance-token-airdrop/">ZkSync Teases Governance Token Airdrop</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

ZkSync Teases Governance Token Airdrop

Altcoin Buzz

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