What is zkLink (ZKL)? Liquidity Management via dApps with ZKP Technology

Bittime - zkLink (ZKL) is a cutting-edge blockchain framework designed to consolidate fragmented liquidity and simplify the creation and use of decentralized applications (dApps) across multiple blockchains. 

What is zkLink (ZKL)?

Leveraging zero-knowledge proof (ZKP) technology, zkLink ensures high throughput, low-cost transactions, and strong security, effectively addressing the complexity of the multi-chain ecosystem.

How zkLink (ZKL) Works

Core Components

zkLink operates through two main components: zkLink Nova and zkLink X. These elements work together to provide a comprehensive environment for multi-chain interoperability.

• zkLink Nova: Aggregated Layer 3 Rollup

zkLink Nova stands as the first aggregated Layer 3 zkEVM Rollup network built on Ethereum and its Layer 2 rollup (L2). Using the ZK Stack’s zkEVM, zkLink Nova is EVM-compatible, allowing developers to easily create and deploy Solidity smart contracts. The platform aggregates assets from multiple Ethereum Layer 2s, enabling frictionless transactions and increased liquidity.

zkLink Nova Key Features

• Native Asset Aggregation : Users can directly deposit assets from Ethereum Layer 1 and Layer 2 to zkLink Nova, locking those assets in the canonical rollup bridge contract on the source chain. This feature provides access to native tokens from all connected Layer 2s, facilitating multi-chain asset trading.

• Universal dApp Support : EVM compatibility allows zkLink Nova to support a wide range of dApps, including decentralized exchanges (DEXs), lending platforms, GameFi applications, and SocialFi. Developers can deploy these applications on Nova’s open platform, gaining direct liquidity and access to assets from networks like Arbitrum, zkSync, and Linea.

• Stack Agnostic to Supported Networks : zkLink Nova connects to a variety of rollup stacks, including ZK Rollup and Optimistic Rollup, expanding the liquidity aggregation of the Ethereum ecosystem.

• Low Cost and High Scalability : The zkLink Nova modular stack offers excellent scalability and reduced execution costs, providing a fast and cost-effective user experience. In Validium mode, external Data Availability (DA) solutions further reduce transaction data costs.

• Ethereum-Equivalent Security : Transactions on zkLink Nova are verified through the zkLink Nexus solution, using ZKPs and multi-chain state synchronization via canonical rollup bridges, ensuring data consistency and security.

• zkLink X : Customized Aggregated Rollup Infrastructure

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zkLink X offers a modular framework for developing customized sovereign App-Rollups. These rollups can access native tokens across connected L1s and L2s, allowing users to trade multi-chain assets on a unified interface without cross-chain asset bridges, avoiding associated risks and costs.

zkLink X Key Features

• Network Integration Solutions and Settlement Layers : Developers can choose the chain their App Rollup will access, including Ethereum, BNB Chain, Avalanche, Polygon, Solana, zkSync, Starknet, and more. zkLink X provides Nexus and Origin settlement solutions to meet different integration requirements.

• Execution Environment : zkLink X supports TS-zkVM (Trading-Specific zkVM) for high-performance financial applications and zkEVM for universal dApps, offering developers the flexibility to build optimized environments.

• Decentralized Sequencer : To reduce the risk of centralization, zkLink X plans to integrate decentralized sequencer solutions such as Espresso, Astria, and Fairblock, enhancing the security and transparency of the network.

• Modular DA Solutions : Developers can choose third-party DA solutions such as Celestia, EigenDA, and Avail, or the Data Availability Committee (DAC) hosted by zkLink, ensuring robust data availability for various use cases.

• TS-zkVM for High Performance DEX

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TS-zkVM is a high-efficiency ZKP execution environment designed for high-performance financial products such as DEX central limit order books (CLOBs). It features a customized ZK chain and zkVM Risc0 extensions for outstanding performance in trading scenarios. The TS-zkVM architecture includes:

• Storage Sub-layer : Uses Sparse Merkle Tree (SMT) for status management and verification.

• Storage Sub-layer : Uses Sparse Merkle Tree (SMT) for efficient status management and verification, ideal for high-frequency financial transactions.

• Execution Sub-layer : Split into a pre-compiled suite for high-performance transactions and an extension suite using Risc0 zkVM for custom operations.

• ZK Proof Aggregation Sub-layer : Aggregates different transaction proofs into a single proof, improving verification efficiency and reducing on-chain costs.

Token zkLink: ZKL

ZKL is the native utility and governance token for the zkLink protocol. It gives developers access to the zkLink App-Rollup infrastructure and covers the computational costs of zero-knowledge proofs. ZKL also plays a key role in zkLink's decentralized governance, influencing protocol development and enabling participation in the zkLink Nova decentralized sequencing network.

Trading ZKL on Bitget

ZKL is available for trading on Bitget, providing an opportunity to engage with and support zkLink’s innovative blockchain solutions. Additionally, ZKL is part of Bitget Pre-Market, allowing users to trade the token over-the-counter before it is listed for spot trading, offering early access to potential gains.

Conclusion

zkLink (ZKL) represents the future of multi-chain decentralized applications by unifying fragmented liquidity and simplifying dApp development across blockchains. Its advanced features, combined with strong security and low transaction fees, have the potential to revolutionize the blockchain and DeFi landscape.

How to Buy Crypto with Bittime

You can buy and sell crypto assets easily and safely through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed your identity verification. Also, make sure you have sufficient balance by depositing some funds into your wallet. Just so you know, the minimum asset purchase on Bittime is IDR 10,000. After that, you can make crypto asset purchases in the application. 

Monitor the price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.