About ZkTube (ZKT)

What is zKtube?

zkTube is a project built and developed on layer 2 based on PLONK algorithm protocol using ZK-Rollup technology. It can improve scalability by converting batches of transactions into a single transaction. Its essence is to compress the user state on the chain and store it in a Merkle tree and pass the changed user state to the chain while ensuring the correctness of the user state change process in the chain through the mechanism Zero-Knowledge proof. The cost of directly processing user state changes on-chain is relatively high, but using only on-chain smart contracts to verify the correctness of Zero-Knowledge proofs is relatively low. In addition, the requested remittance information is transmitted to the contract along with the certificate, convenient for the user to verify the account.

Technology Introduction

zkTube Protocol is built on top of Layer2 using ZK-Rollup technology which is based on the PLONK algorithm protocol, to improve scalability by moving batch transfers into a single transaction.

Basically, the users’ state on the chain is compressed and stored in a Merkle tree, and the change of the users’ state is transferred to the chain down. At the same time, it is guaranteed by zero-knowledge proof about the correctness of the change process of the users’ state under the chain.

Most importantly, zkTube is still submitting on the ETH chain, only transferring some of the work from the chain to the offline, so it will be as secure as Ethereum.

What is Paytube?
PayTube is the first ETH 2.0 smart wallet building on zktube, with this L2 solution offers the same security guarantees as Ethereum mainnet, and a big scalability boost: a Layer 2 protocol to achieve low transaction fees and throughput of ETH and ERC20/ERC721 transactions up to 200 times the original Layer 1 transaction.

PayTube was created based on a simple principle: the wallet is an indispensable entrance and exit of the entire ecosystem.

PayTube Wallet is a Web3.0 application on the zkTube network, users can access the wallet through any Ethernet Square Dapp a key link is established, users can buy/sell encryption currency, Dapp exploration, mining deposit, insurance, games and a number of operations. PayTube Wallet is a free hosted decentralized wallet, should be kept private by the user in the first version.

zkTube Scan
zkTube web3.0 also developed its own browser, currently supports the main network and test network (temporary support Ropsten and Rinkeby) deposits, withdrawals, transfers, purchase, sale, and other related records check.

NFT
zkTube underlying protocol NFT also do field extended support NFT on the second floor above the transaction, while the main floor of bytes submitted to do if the proof by zkPLONK agreement, moreover, zkTube will support a large number of games will DApp displayed in the PayTube wallet, it provides the underlying protocol for these DApps. Because no matter from the scene or the terms of the protocol layer on the game project will bring great value, there are many application scenarios, zkTube will be online after the test line, worked out this.

Project Planning

Testnet was launched on April 27, 2021

Testnet POS Mining launch on June 10, 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 December 30, 2021

Token Economics

330,000,000 ZKT is total circulation，before the mainnet launch, ZKT Ring（ZKTR) is issued for Whitelist and Early Incentive in 14,685,000 and ZKTR convert to ZKT is 1:1, when the mainnet launch.

5% — Foundation

3.85% — Early Incentive

0.6% — Whitelist (Early Contributor & Supporter)

0.4% — Technical Team

0.75% — Community Operation

89.4% — Mining

conclude
zkTube is recognized as a scaling solution disruptor with a technological solution that offers excellent safety, low gas fees and optimal zero-knowledge mining, it is also understood as Proof of stake. The PayTube Wallet is a gateway to map ERC20/ERC721 Layer1 assets to Layer2, the security is still the same as Layer1, but with extremely low gas fees to use the Ethereum Network and the transaction will arrive in real time. In addition, PayTube Wallet will support a wide range of applications built on Web 3.0 and provide the wallet as an entry point for enterprise-scale decentralized scenarios. In addition, their centralized friendly development environment will allow more developers and users to use the zkTube protocol for research, thus enriching the zkTube ecosystem.