Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

How Do zk Rollups Work: Explained

Curious about how zk rollups function? This article breaks down the inner workings of zk rollups in the crypto world.
2024-07-12 05:24:00share
zk

If you've been keeping up with the latest developments in the world of cryptocurrency, you may have come across the term zk rollups. But what exactly are zk rollups, and how do they work? In this article, we'll take a closer look at zk rollups and explore their functionality in the blockchain and financial industries.

Understanding zk Rollups

zk rollups are a layer 2 scaling solution for Ethereum that aim to increase transaction throughput and reduce fees on the network. They work by aggregating multiple transactions off-chain and then submitting a single proof to the Ethereum mainnet. This proof ensures the validity of all the transactions, allowing for significant cost and efficiency improvements.

How zk Rollups Work

1. Off-chain Aggregation

The first step in the zk rollup process is the aggregation of multiple transactions off-chain. This is done by a designated operator who collects transactions from users and compresses them into a single block.

2. ZK-SNARKs Proof

Once the transactions are aggregated, a zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) proof is generated. This proof is a cryptographic method that allows the operator to prove the validity of the transactions without revealing any sensitive information.

3. On-chain Submission

The final step is submitting the zk-SNARKs proof to the Ethereum mainnet. This proof is verified by the smart contract, which then processes the transactions and updates the state of the network accordingly. This allows for the settlement of multiple off-chain transactions in a single on-chain transaction, improving scalability and efficiency.

Benefits of zk Rollups

  • Scalability: zk rollups significantly increase the transaction throughput of the Ethereum network, allowing for more efficient and cost-effective transactions.
  • Privacy: The use of zk-SNARKs ensures transaction privacy, as sensitive information is not revealed during the proof generation process.
  • Cost-Effectiveness: By aggregating multiple transactions off-chain, zk rollups help reduce gas fees on the Ethereum network, making transactions more affordable for users.

In conclusion, zk rollups are a promising solution for improving the scalability and efficiency of the Ethereum network. By leveraging off-chain aggregation and cryptographic proofs, zk rollups provide a cost-effective and privacy-preserving way to process transactions on the blockchain. If you're interested in learning more about zk rollups, be sure to stay updated on the latest developments in the crypto space.

ZKsync
ZK
ZKsync price now
$0.1426
(+3.50%)24h
The live price of ZKsync today is $0.1426 USD with a 24-hour trading volume of $64.49M USD. We update our ZK to USD price in real-time. ZK is 3.50% in the last 24 hours.

Trending assets

Assets with the largest change in unique page views on the Bitget website over the past 24 hours.

Popular cryptocurrencies

A selection of the top 12 cryptocurrencies by market cap.
Download app
Download app