ZkTube as the Layer 2 Protocol for Effective and Fast Trading Experience

ZkTube as the Layer 2 Protocol for Effective and Fast Trading Experience

Business Crypto News
June 29, 2021 by wahyuagung26
30
ZkTube is created as a layer 2 protocol using Zk rollup and zero knowledge that won’t only deliver effective and efficient decentralized wallet, but also inexpensive operation and high throughput result between ERC-20 and Ethereum. The idea is to deal with some common issues that are generally related to blockchain platforms. Not only you should
zkTube

ZkTube is created as a layer 2 protocol using Zk rollup and zero knowledge that won’t only deliver effective and efficient decentralized wallet, but also inexpensive operation and high throughput result between ERC-20 and Ethereum. The idea is to deal with some common issues that are generally related to blockchain platforms. Not only you should be able to trade digital assets quite easily, but you can be sure that your (trading) activities would be super safe, efficient, and also profitable.

What Is ZkTube?

So, what is ZkTube, in a sense? This is basically the layer 2 protocol that is based on the K rollup. You see, Ethereum has changed the way digital transactions are managed and executed. But since more progress is done and more platforms are constructed on the network, Ethereum v1 is no longer able to accommodate such development.

That’s why Ethereum v2 is created, which also includes ZkTube as a part of it. It is created as the layer 2 protocol that isn’t only able to accommodate your trading needs, but it will also solve the common issues related to blockchain common issues. Thanks to this platform transaction cost can be made lower and processing time can be made faster. In fact, it is 200 times quicker than the layer 1. The platform is claimed as a satisfactory and smart solution for DApps that need high throughput, timeliness, and transaction delivery.

Learn what is zkTube

Reasons to Use ZkTube

If you are into trading so much and you are serious about it, there are several good reasons why you should use this platform.

  • High throughput and low gas fee. The platform is created and designed to deliver seamless operation. The protocol makes it possible to deliver high throughput and low gas fee that will affect overall performance and operation of everything.
  • Safety and protection guarantee – at Ethereum mainnet level. Within this platform any massive data storage and calculative operations would be processed on the layer 2. From there, transactions would be packed and summarized into one block. Then, zero knowledge proof would be generated, and everything is sent for verification to layer 1. It won’t only ensure security, but it will also improve the processing speed.
  • Fast transaction verification. Whenever the block (having SNARK proof) is delivered for verification passing and smart contract, everything in the block transactions would be confirmed. It takes not more than 10 minutes for everything. But then, time will increase (from minutes to seconds) as the throughput network increases.
  • Real time transfer payment. In this platform, it takes not more than 10 minutes for all transactions to become a final (confirmation) state. But in an overall sense, it won’t affect layer 2’s normal usage. You, as the user, only have to adjust the entire balance within the node.

Let’s not forget that this platform is promising for investment, which means that when you buy the crypto, you can expect handsome passive rewards. If you want to join a platform that isn’t only safe and fast, but also profitable and promising, joining ZkTube would be a good idea. For more information about this amazing project, you can visit:

Website: https://zktube.io/

Twitter: https://twitter.com/zktubeofficial

Telegram: https://t.me/zkTubeProtocol

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Author: wahyuagung26

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