zkSync has announced the release of a native token that will be used for staking once the platform is fully decentralized to become a validator in the zkSync network. This token will be a crucial component in the staking process.
zkSync is a zero-knowledge (ZK) Rollup protocol, serving as a Layer-3 scaling solution where all funds are stored in a secure smart contract. With the introduction of zkSync 2.0, developers can utilize zkEVM to deploy Solidity smart contracts on zkSync. This feature facilitates the seamless transition of any Ethereum application to zkSync with minimal to no code adjustments necessary. Stay tuned for more details regarding zkSync's advancements.
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About zkSync Testnet
The Token mainnet is set to launch on October 28, with hints of an upcoming Airdrop. This fully decentralized token will be utilized for staking to become a validator in the zkSync network. Stay tuned for more details.
zkSync offers faster, cheaper, and scalable transactions compared to Ethereum, with the ability to pay fees using tokens other than $ETH while still benefiting from the security and decentralization of the Ethereum network. Additionally, zkSync introduces zkEVM, enabling developers to deploy Solidity smart contracts seamlessly on zkSync. This makes it easy to transfer existing Ethereum applications to zkSync with minimal or no code changes required.
Step-by-step guide
Go to ChainList.org, switch to Testnets & Connect your Metamask wallet. Search for zkSync Alpha Testnet network & Add it to Metamask. * It s important to use a wallet without real funds for testing purposes. Request Funds from the zkSync Faucet for testing. You can also request 0.1 Goerli ETH Testnet funds every 24h on the Goerli Faucet with a free Alchemy account. The faucet will not work with new Twitter accounts & accounts without an avatar. Now, go to Portal.zkSync.io/bridge and Switch your Metamask to the Goerli Testnet network. Bridge All your $Testnet ETH from the Goerli testnet to the @zksync one. It s can take up to 5 mins, be patient. Switch back your Metamsk to the zkSync Alpha Testnet network & Start interacting with the different zkSync 2.0 Testnet Applications protocols like minting your own NFT on MintSquare.io as an example, Swapping Tokens on 1kx.exchange as an example, get LP tokens SpaceFi.io as an example, staking, trading on Phezzan.xyz as an example, and borrowing, or playing a mini-game on Tevaera. Participate in the zkSync Crew3 Quests to welcome the Baby Alpha milestone. Join the zkSync Telegram Support Channel & Discord for more details and information.
Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Conduct thorough research before making any deposit/investment decisions (DYOR).
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