zkSync (ZK) is a cryptocurrency that runs on the Ethereum blockchain and aims to provide faster and lower-cost transactions through zk-rollup technology. This technology was developed to solve Ethereum's scalability problem. zkSync aggregates transactions using a method called zk-rollup and transfers multiple transactions to the Ethereum main chain in a single transaction, improving the efficiency of the network. It also ensures security by using zero-knowledge proofs (zk-SNARKs) without the need to share all the details to prove the authenticity of transactions.
ZK, which has risen 8.52% in the last 24 hours and at the time of writing, is among the rising ones of the day. A US-based cryptocurrency exchange announced that it will list the altcoin named ZKsync (ZK). It was stated that asset transfers for ZK can be made through the ZKsync network and that trading will not be supported in some restricted jurisdictions. Trading will take place at USD parity when the necessary liquidity is provided. ZK price may have risen after the listing news.
