#The Rise of zkSync and StarkNet on Ethereum: A Look at How Arbitrum’s Airdrop Changed the Game

03/20/2023 10:25 • Metaverse Matters • 135 views

On March 20th, the Web3 Knowledge Map Protocol 0xScope tweeted that the number of daily active users on zkSync and StarkNet had increased by about 10 times after Arbitrum announced that it would conduct air drops.

After Arbitrum announced the air drop, the number of daily active users on zkSync and StarkNet increased significantly

The Ethereum ecosystem has always been known for its high transaction fees and slow transaction times. Yet, over the past few months, there has been a significant shift in the way people interact with Ethereum – zkSync and StarkNet have emerged as two of the most popular Layer 2 scaling solutions.
##What is zkSync and StarkNet?
###zkSync
zkSync is a layer 2 scaling solution that utilizes zero-knowledge proofs to enable fast and cheap transactions on the Ethereum network.
###StarkNet
StarkNet is another layer 2 scaling solution that is built on top of zkRollups. It utilizes STARK proofs to enable fast and cheap transactions while maintaining the security of the Ethereum network.
##The Rise of zkSync and StarkNet
On March 20th, 2021, the Web3 Knowledge Map Protocol 0xScope tweeted that the number of daily active users on zkSync and StarkNet had increased by about 10 times after Arbitrum announced that it would conduct air drops.
This announcement marked a significant turning point for the Ethereum ecosystem. Arbitrum, another Layer 2 scaling solution, is set to launch its mainnet in the near future. The team behind Arbitrum created a buzz in the community by announcing plans to conduct a token airdrop to users who interact with their network in the early stages of its launch. This airdrop incentivized users to try Arbitrum, and in turn, try other Layer 2 scaling solutions like zkSync and StarkNet.
##Why the Rise of zkSync and StarkNet Matters
The rise of these two scaling solutions has important implications for the Ethereum ecosystem.
###Reduced Transaction Fees
The most immediate benefit is reduced transaction fees. With the increasing popularity of DeFi, the high cost of transactions on Ethereum has become a significant barrier-to-entry for many users. By utilizing layer 2 scaling solutions like zkSync and StarkNet, users can drastically reduce the cost of their transactions.
###Increased Throughput
Another important benefit is increased throughput. As more users move to layer 2 scaling solutions, the Ethereum network will be able to handle more transactions per second. This increased throughput is a critical factor in the continued growth of DeFi and other decentralized applications on the Ethereum network.
###Improved User Experience
Finally, the rise of zkSync and StarkNet has improved the user experience for many users. With faster transactions and reduced fees, users no longer have to wait hours for their transactions to clear or pay exorbitant fees to participate in decentralized applications.
##Conclusion
The rise of zkSync and StarkNet in the Ethereum ecosystem is a sign of the continued growth and development of the network. With the implementation of layer 2 scaling solutions, the Ethereum network is becoming faster, more efficient, and more accessible to users.
##FAQ
###Q: What is a token airdrop?
A: An airdrop is a token giveaway that is often used by companies to create buzz and incentivize users to try their product or service.
###Q: What other layer 2 scaling solutions exist for Ethereum?
A: Other popular layer 2 scaling solutions include Optimism, Polygon, and xDai.
###Q: Will zkSync and StarkNet eventually become obsolete?
A: It’s hard to say. The Ethereum ecosystem is constantly evolving, and new layer 2 scaling solutions are being developed all the time. However, zkSync and StarkNet have become popular for a reason – they offer fast and cheap transactions without sacrificing security.
##Keywords
zkSync, StarkNet, Arbitrum, Layer 2 scaling solutions, Ethereum, zero-knowledge proofs, zkRollups, transaction fees, DeFi, throughput, decentralized applications, user experience.

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/9234.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.