These ZK concept projects on LBank are worth paying attention to.
ZKR and OR have been the center of attention on Twitter in a small-scale debate over which is the better Ethereum scaling solution.
Despite the lack of a clear winner, ZK continues to be a highly relevant topic in the crypto community for the next few years. This article will highlight some of these projects listed on LBank and their significance.
This year, the crypto industry has seen a surge in market interest due to several key events. The upcoming launches of zkSync, StarkNet, and the highly anticipated Polygon zkEVM have all contributed to the success of ZK-related protocols such as MINA, LRC, IMX, and DUCK.
However, it’s important to note that the recent rise in these protocols may not be sustainable. Despite the price increase, the key on-chain metrics such as active users, transactions, and cross-chain bridge liquidity have not seen a corresponding increase.
Now, Let’s get to know these ZK- related projects and get ready for them.
Mina:
Mina is the lightest blockchain in the world. It is a public, decentralized blockchain, open to anyone in the world to participate actively or passively. Individuals or companies can help improve the security of the network by becoming a node or block producer, or they can help reduce transaction costs by becoming a SNARK producer, or both.
IMX:
Immutable X is a next-generation protocol for trading Ethereum NFTs which gives users instant trade confirmation, massive scalability, and no gas fees without compromising user custody.
Our goal is to make minting and trading Ethereum NFTs even easier than trading traditional digital assets.
LRC:
Loopring is an open multilateral trading protocol for tokens based on ERC20 and smart contracts. Through this protocol, it is possible to establish decentralized exchange applications without asset custody and capital freeze.
Besides, it provides a risk-free token exchange model and allows multiple exchanges to compete to do off-chain matching and on-chain settlement for the same orders with the decentralized technology.
SYS:
Syscoin combines Bitcoin’s Proof of Work (PoW) architecture with the Ethereum Virtual Machine (EVM) into one network. Its dual-layer structure enables the creation of scalable smart contracts while maintaining network security.
Syscoin uses a modified version of the EVM, known as the NEVM, which utilizes ZK Proofs to support higher Transactions Per Second (TPS).
Matic:
Polygon zkEVM is the first zk-Rollup with source code available, providing complete EVM opcode equivalence for a frictionless user experience and the security of Ethereum.
The approach to transactions depends on the individual’s strategy. You can consider methods guided by the average cost method and clearly define the time frame and financial goals before investing.
Of course, always do your own research (DYOR). Additionally, it’s also a good idea to keep an eye on projects that have not yet released their coins, as there may be airdrops available.
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Disclaimer: The opinions expressed in this blog are solely those of the writer and not of this platform.
