When will zksync issue coins (have zksync tokens been launched yet)

zksync when to issue coins Editor’s note: This article is from Babbitt Information (ID: bitcoin8btc) by Kyle, authorized for publication by Planet Daily On November 17, 2021, zksync released a code update report on the blockbrowser protocol ZKSwap. In the past few months, the development team has completed many key testing and auditing tasks. However, there is currently not enough data to support this process – that is, no one can guarantee that they will not disrupt transaction validators to ensure network security, and there is no evidence to suggest that this data is reliable. Zcash Community Forum https://github.com/zksSync-protocol ）There are several different projects currently preparing to launch their tokens:

1. The initial supply of ZKP is 10 trillion pieces The minimum issuing unit of ZKL is 0.015 pieces 2. Each transfer amount should be at least $100 3. Each address can have up to 20 wallet private keys, which means you cannot use your funds to send these transactions. Of course, if someone wants to transfer their money to another address, you can put it into a newly created account and deposit it into one of the new addresses. If you need to use an old account, either do not do so, or you will have to wait for the next contract upgrade to be completed before you can retrieve your Bitcoin. So I think this is the best suggestion Next, let’s take a look at what zksync is? The first thing to understand is when zksync issues coins and how its allocation plan is carried out. Specifically, it is:

1. zksync will be launched in three stages:

The first stage is to launch the main network in the first quarter of 2021, and then the second round of testing network will be released within a few days after the main network is launched in the second quarter. The first batch of testing networks included the following two parts: 1. Basic layer. 2. Developer tools. Zkrollups 3. Expand infrastructure. 4. Cross chain bridge. This version is mainly used for transaction settlement between cross block chains 4. Application integration pool. Zkrollup is very small compared to Layer0; In addition, there are some optimization points

Have zksync tokens been launched

Editor’s note: This article is from Babbitt Information (ID: bitcoin8btc), written by Jeff Benson, translated and proofread by Min Min&Jian, and published by Planet Daily with authorization

Recently, a friend said that he would send an article about the zksync token, and asked me what is the Uptime and specific price of the token? This may mean that zkSync will be launched within a few months. But it’s not yet known if anyone has followed it. Today, let’s take a look at its specific situation. 1. Has the token been officially issued? According to an official blog article, the agreement has received over $10 million in support. If everything goes smoothly, then this will enable the entire team to continue developing their platform. In addition, the project plans to provide additional funding for the zkSync ecosystem to support other blockchains. And this is a huge benefit for the entire industry. 2. Will forking occur? According to official sources, there are currently three main reasons: 1. Due to network congestion issues, zkSync underwent a hard fork in mid September. 2. The incentive testing network for upgrading to v1 was launched in February. 3. The community governance mechanism has not yet been fully determined. 2. A new proposal called Rebase was launched in early May. 4. Some proposals regarding new features discussed with EthCC have not yet been approved. 5. Some serious issues were identified in the contract audit and still require external audit. 6. A new Codebase or implemented tool is currently being evaluated. 7. Can a new smart contract be created In order to better understand zksync, we should first know how it operates: first, we need to understand the main purpose of zksync? The concept of ZKP token is very simple:

– consensus algorithm using Zero-knowledge proof technology (ZK) A decentralized solution that uses a method called “verifiable” to ensure the security and integrity of transactions

– Use a technique called “state channels” The purpose of this method is to ensure on chain security and protection from attacks without any third-party involvement. However, once an accident occurs, it can result in the inability to function properly. Therefore, when we are considering establishing a trusted and licensed blockchain, the most obvious thing is that zksync must build its own infrastructure, namely the L1 chain. That’s why most people believe that deploying L1 based smart contracts on L1 is very expensive. So, now, we hope to turn the L1 chain into a completely decentralized L1 chain – rather than relying on the side chain of the main node running like the current L1. However, is this really the case? (Of course not everyone thinks the same)

As for L2, we are not sure.