Buy zkSync (ZKS), it’s easy!

Why Buy zkSync?

If you are considering buying zkSync (ZKS), it’s essential to know that it’s one of Ethereum’s leading Layer 2 solutions, utilising zero-knowledge rollup technology. Just a few months after the launch of its mainnet, zkSync Era, it has attracted a substantial number of users and accumulated a significant Total Value Locked (TVL). ZKS, the cryptocurrency of zkSync, is the governance token of the network, which means that holding it allows you to participate in key decisions for the protocol’s future.

zkSync was launched in June 2024 through an airdrop, distributing 3.7 billion tokens to users who had interacted with the protocol in the preceding months. Since its launch, zkSync has hosted some of the most promising and popular decentralised applications (dApps), such as Uniswap v3 and Curve Finance, along with native DeFi platforms like SyncSwap, a decentralised exchange (DEX).

So, why should you buy ZkSync? The price of ZKS is just one factor to consider, not necessarily the most important. If you decide whether to purchase it, you should also evaluate the utility of its blockchain and, in particular, the problems it solves.

What is zkSync?

Before deciding whether to buy zkSync (ZKS), it is helpful to understand the protocol better. zkSync is a Layer 2 solution for Ethereum, designed to scale by enabling faster and cheaper transactions. Founded in 2020 by the team at Matter Labs, its goal is to improve Ethereum’s scalability using zero-knowledge rollup technology. The name zkSync derives from this technology.

zk-rollups bundle transactions performed on the network into batches and send them to the main blockchain in a compressed format, allowing Ethereum’s security and decentralisation to be maintained while reducing transaction costs and improving speed. This technology was developed to address Ethereum’s primary issues, which include slower speeds and higher costs during congestion. zkSync, therefore, represents one of the most advanced solutions for enhancing Ethereum’s efficiency and scalability without compromising security and decentralisation.

Finally, in deciding whether to buy zkSync, it’s important to know that this blockchain project has raised nearly $500 million through various funding rounds. Among the venture capital firms that have invested in the project are Andreessen Horowitz (a16z), DragonFly Capital, ConsenSys, and Alchemy.