zkSync (ZK), a Zero-Knowledge Proof Layer-2, Now Available on CoinW Exchange

June 18, 2024 by No Comments

Dubai, UAE, June 17, 2024 — CoinW, a leading cryptocurrency trading platform, will list zkSync (ZK), a zero-knowledge proof based Ethereum Layer-2, on its Layer 2 Zone. Trading for ZK/USDT will be available on June 17, 2024, at 9:00 (UTC) for all CoinW users. CoinW will also list ZK x3 ETF, and open ZK3L/USDT & ZK3S/USDT trading pairs. To celebrate the listing, CoinW is hosting the “Join the ZK bounty program: Register & Trade & Retweet” event with a reward pool of 5,000 USDT.

Discover zkSync Era (ZK): The Future of Scalable and Instant Transactions

zkSync Era is a Layer 2 scaling solution for Ethereum that uses zero-knowledge (ZK) rollup technology to significantly improve Ethereum’s transaction throughput while maintaining its security and decentralization. This protocol processes multiple transactions off-chain, generating a single zero-knowledge proof (ZKP) that is verified on the Ethereum mainnet. This reduces the computational load on the mainnet and ensures data integrity in decentralized networks.

Key Features and Advantages

Zero-Knowledge Rollup Technology: zkSync Era uses ZK rollup technology to bundle multiple transactions into a single proof, processing them off-chain and significantly improving Ethereum’s transaction throughput.

EVM Compatibility: zkSync Era is EVM-compatible, allowing most smart contracts to work seamlessly without requiring major changes. This compatibility makes it easier for Ethereum developers to migrate to zkSync Era.

Native Account Abstraction: zkSync Era’s native account abstraction brings multiple user experience improvements, including programmable authorizations, leading to more flexible and secure wallet designs.

L1 → L2 Smart Contract Messaging: zkSync Era supports seamless communication between smart contracts on the Ethereum mainnet and those on the zkSync Era Layer 2, enabling efficient interactions and data transfer.

Security and Decentralization: zkSync Era inherits Ethereum’s security guarantees, ensuring that all transactions are verified on-chain, and there is zero reliance on third parties.

Low Transaction Fees: zkSync Era offers extremely low transaction fees, making it a cost-effective option for users.

Developer Experience: zkSync Era provides a similar developer experience to Ethereum, with support for Solidity and Vyper, custom compilers, and compatibility with existing frameworks and tools.

5,000 USDT Limited-Time Offer for CoinW Community

To celebrate the listing, 5,000 USDT equivalent ZK prize pool will be up for grabs from June 11th, 2024, at 10:00 to June 18th, 2024, at 16:00 (UTC). CoinW users can participate in events such as registration, trading, and community events to share in a prize pool of $5,000 USDT.  To claim your rewards, please click .

About CoinW

 is a pioneering crypto trading platform that prioritizes security, transparency, and user-centric principles. With advanced technology, deep liquidity, and a wide range of supported cryptocurrencies, the company has amassed a broad user base to become one of the world’s most secure crypto exchanges. Committed to security, transparency, and compliance, the CoinW exchange upholds the highest regulatory standards and actively contributes to the advancement of the crypto industry. To learn more about CoinW, you can visit the official , and follow CoinW’s, , and .

About ZK (zkSync Era)

 is a Layer 2 scaling solution that retains the security properties of the underlying blockchain by utilizing the latest generation of succinct zero-knowledge proofs. All funds within zkSync are held by smart contracts on the main chain, while computation and storage are performed off-chain.

CONTACT: marketing at coinw.com