Currently Blockchain technology is really developing rapidly, this can be seen from the wide range of activities that can be done by cryptocurrency users. Like fiat currency, cryptocurrency can now also be empowered according to the wishes of the user. Of course, the presence of a Blockchain-based platform makes it very easy for crypto users to invest and empower their assets. Where these conveniences will surely attract public interest to participate in Blockchain based platform, because not only will it bring convenience in transactions, Blockchain based platform will also bring benefits. and rewards for users. So the prize he gets can be empowered according to the wishes of the user. Therefore, it is not surprising that people make Blockchain technology as an alternative to get profit.
But as sophisticated as any technology is bound to have some weaknesses — certain weaknesses, there are technologies with tolerable weaknesses and some intolerable ones. However, the weaknesses present in Blockchain technology can still be tolerated, the weak point of which is the low scalability Blockchain and the less stable development environment. Therefore, it will cause a platform that integrates Blockchain technology to encounter some interference. Although Blockchain technology is integrated into a platform that is already able to process transactions perfectly. Therefore, to solve the problems that are happening, now technology from one of the platforms like zkTube will provide an alternative.
zkTube is a zkRollup technology product that is designed and developed on layer2 protocol. By design, zkTube will introduce into ethereum a Visa-level throughput where several thousands of transactions are settled per second, while ensuring the safety of funds as if they are in layer1 protocol and maintaining their level of resistance to censorship.
In zkTube network, users can perform various transactions and transfer functions of ERC20 tokens in the wallet with TPS 3000+, real-time arrival, and the same Security assurance of Mainnet Ethereum level. This premium and smooth experience cost for each transaction gas fee are 200 times lower than the existing Ethereum Mainnet.
Main features of zkTube
Lower transaction costs: With zkTube, users will experience very low transaction network costs, around 300–500 gas when transacting between off-chain tokens. zkTube’s artistic Roolup is doing a great job in regards to reducing the transaction costs of layer2 further than layer1.
Scalable Information: Thanks to Zero-Knowledge Proof mechanism, zkTube users can use their assets on layer2 account even if this account is not claimed in layer1. This thing is do each class2 transaction contains less data, do that you can to make up the width and information.
Top Notch Security: The zkTube network is designed to keep data transactions in its layer2 chain for processing, then it aggregates a large number of mined transactions into a single block. best with zero-knowledge proof sent to class1 for verification. This generally improves the processing speed of the entire network of transactions while maintaining total security.
Development project reveal
- Testnet was launched on April 27, 2021
- Testnet POS Mining launch on May 30, 2021
- Paytube wallet will be launch on June 30, 2021
- zkTube Mainnet Launch on June 30, 2021
- Miners voting day, July 1, 2021 (Testnet miners will be invited for voting, regarding the mining launch date)
- Support Solidity for Smart Contract August 1, 2021
- Support Layer2 Dex September 30, 2021
- Support Cross-Rollup November 30, 2021
Technical team of ZkTube has accessed Uniswap V3 Hackathon Granted to promote development of V3 version.
For both UniswapV2 and V3, zkTube underlying protocol can support data exchange with L2 accounts. Users can choose on V2 to deposit ETH or ERC20 tokens on L2 to carry out swap trading or provide liquidity, or choose on V3 to deposit ETH or ERC20 tokens on L2 to carry out swap trading or provide liquidity, and then summarization, packing, proofing and final verification will be conducted on L2. If everything is ok, it will be submitted to the main chain of ETH.
So, zkTube can provide the same tps and experience as centralized services in the DEX field, but the trading formality fee is decreased by about 100 times. According to the testing result, the current tps is 3,000+, which has even been faster than the handling speed per second of centralized
Strengths of zkTube compared with zk Rollup
The following changes have been applied to zkTube based on ZK Rollup:
- Review incentives for operators are added;
- Batch packaging and state root are separated and handled independently;
- ZkTube based common language ZKTVM.
- PLONK based algorithm optimization.
Output
In short, zkTube is probably one of the best solutions I’ve seen in the past year. Therefore, if you have the desire and ability, you can easily become part of a powerful project, follow this project.
But to know about the project in more detail, I invite you to see the next section of the article where you will find all the official social links to the project. With your help, you can not only supplement information about the aspects I talked about, but also understand all the subtleties and nuances. I hope this article was useful to you. If so, write about it in the comments.
Web: paytube.io Testnet：https://rinkeby.zktube.io/wallet (zktube.io) Telegram: https://t.me/zkTubeGlobal
Discord: https://discord.gg/ZhcSuxhX4S
Twitter: https://twitter.com/zktubeofficial
Medium: https://zktube.medium.com/
writer : Mahadel
Profile : https://bitcointalk.org/index.php?action=profile;u=2754204
wallet : 0x8Fc11017ce1Da90EE7F1f69C039579877EBD4d4e