Introduction
Hello everyone am please to attend this lecture and participate in this homework task and also learn more when is has to do with the ways in which I can manage and plan for my capital.
Question 1
Explain in details the sidechain with the use of ZK-Rollups.
Side chain in the type of chain in which it has a way of being connected to another Blockchain which we know as main chain and by this makes the main Blockchain effective and efficient. The side chain has 2way peg o be able to link to the main chai, and this type of chain help in reducing .......in the main block chain and also give security to funds in the main chain and it can come in different way and also perform different function. Another important thing to note about side chain is that t is a chain that depends on main chain and it also give greater speed to transaction and with it innovation is being introduced into the system with minimal changes.
Talking about the ZK-Rollup, ZK rollup full meaning is zero knowledge rollups ....it had to do with a knowledge or idea that was being introduce with the aim of decreasing the rate of congestion in the Ethereum block chain, and also help in performing of so many transaction with the help of 2layes which are transactor and Layer.
The Zk rollup not only help in solving the congestion problem but it also helps in improvement of the Blockchain scalability which is the speeding up of so many transaction at once.
Talking about the 2layers when it comes to ZK layers, the transactors are the layer i.e when the transaction s begin processed or initiated and through this will make the transaction ........ the network, the data that will be in the transaction data is going to be the 2 address (sender/receiver) . The figure in which is the relayer has to do with the layer in which the transaction is being relayed and also help when it comes to creation and filling of order it acts as central authority (it also generate snarkproof).
The ZK rollup also help showing if the transaction is valid and we have some company of ZK rollup which are looping , Aztect ,zkswap etc.
Advantages of ZK rollup
- When it comes to the ZK rollup , the rate at which individual are bey charged is at ...... individual are being charged is at a low rate
- The speed at which transaction is being performed is high
- The scalability here is very high which means a large percentage of transaction can be performed at once.
- The security level when it come to the ZK rollup is high which means it can not be easily hacked.
Question 2
Explain the Liquid Network side chain
Liquid network side chain is the type of network chain that makes it possible for individuals to be able to perform transaction with a fast speed rate, and also with a high security which mean trust is increased here.
It also enables individual to perform transaction of Bitcoin from the main blockchain to the side chain in a fast way and also issued new assets.
The liquid network side chain was developed to improve assets.
Question 3
Describe the steps to connect the Metamask wallet and the Polygon network wallet. Show screenshots
To be able to connect to metamask the individual will have to go to playstore and install the application, set it up by putting you password he or she will remember, agree to the terms and conditions and also but for me that have the application already I will be showing how to connect to polygon network wallet.
Step 1
Since, I have metamask in my phone ready, I will open it an click on the circle place
[Screenshot from metamask]
Step 2
After clicking on the, three vertical line I circle in step 1, the next page here is for me to click on setting.
[Screenshot from metamask]
Step 3
Here we will click on network so that we will be able to add network
[Screenshot from metamask]
Step 4
Here we click on add network
[Screenshot from metamask]
Step 5
A page will display in which you will fill details about the network you want to add as I did after that I click on add
[Screenshot from metamask]
Step 6
Question 4
According to the polygonscan block explorer, when will the block 25,000,000 be generated? Show screenshot. Explore the 12,000,000 block, at that time what was the price of the Matic? Show screenshots
Source
From the screenshot, block 25,000,000 will be generated on 10 February,2022 which 102days, 4 hours, 19mins, and 43 seconds from now as search from the site
Explore the 12,000,000 block, at that time what was the price of the Matic? Show
Source
Conclusion
The topic side chain has really made me to learn alot about blockchain and how to explore the polygonscan to know certain things about the upcoming block
I really want to thank prof @pelon53 for the wonderful lecture and hope to perform better.
#club5050 😀
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