01-04-2022, 09:11 AM
What are ZK-Rollups and why they're the best investment you can make in 2022.
<!-- SC_OFF --><div class="md"><p><strong>First of all, what are ZK-Rollups?</strong></p> <p>Well, simply put, zero-knowledge rollups or zk-rollups is a Layer 2 scalability solution that allows blockchains to validate transactions faster while also ensuring that gas fees remain minimal. Zk-rollups manage to perform better than traditional Layer 1 blockchains like Ethereum because they combine on and off-chain processes. </p> <p>Layer 2 solutions and zk-rollups are the beginning of the next era of blockchain technology and advanced cryptocurrency systems. </p> <p>ZK-Rollups work essentially without presenting new security, trust, or assumptions, that would otherwise affect the decentralization of the L1 they are running on. This is pure scaling without any trade-off. It is favoured as a way to scale a blockchain by a factor of 50–100x, at minimum, its literally like saying that Blockchains are going 5G.</p> <p><strong>Why is this important?</strong></p> <p>For one they lower the gas fees instantly (looking at you ETH). Also they boost the speeds by huge amounts.</p> <p>But the main focus is scalability. We've been experiencing the lack of scalability in the Top 10 Smart Contract Platforms for a reason, its because they can't handle the amount of transactions being made.</p> <p>That's where ZK-Rollups come rollin, in ZK-Rollups the more users use it, the more scalable it becomes, without sacrificing decentralization.</p> <p><em>If you want a more in-depth information on ZK-Rollups and blockchains</em> <a href="https://jsidhu.medium.com/the-ultimate-guide-to-rollups-f8c075571770"><em>read this article</em></a><em>.</em></p> <p><strong>Where to invest?</strong></p> <p>So you want to invest in ZK-Rollups, there's some projects that are researching and implementing ZK-Rollups, I'll list them here and please do research on them before investing.</p> <p><strong>Syscoin (SYS)</strong></p> <p><strong>Loopring (LRC)</strong></p> <p><strong>Immutable X (IMX)</strong></p> <p><strong>Dusk Network (DUSK)</strong></p> <p><strong>Polygon (MATIC)</strong></p> <p>Those are my top picks for ZK-Rollup projects, but there are some more that still don't have enough credit to list them here.</p> <p>If you have any projects you think should be here feel free to drop in and talk about them.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/niddLerzK"> /u/niddLerzK </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rvktc1/what_are_zkrollups_and_why_theyre_the_best/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rvktc1/what_are_zkrollups_and_why_theyre_the_best/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p><strong>First of all, what are ZK-Rollups?</strong></p> <p>Well, simply put, zero-knowledge rollups or zk-rollups is a Layer 2 scalability solution that allows blockchains to validate transactions faster while also ensuring that gas fees remain minimal. Zk-rollups manage to perform better than traditional Layer 1 blockchains like Ethereum because they combine on and off-chain processes. </p> <p>Layer 2 solutions and zk-rollups are the beginning of the next era of blockchain technology and advanced cryptocurrency systems. </p> <p>ZK-Rollups work essentially without presenting new security, trust, or assumptions, that would otherwise affect the decentralization of the L1 they are running on. This is pure scaling without any trade-off. It is favoured as a way to scale a blockchain by a factor of 50–100x, at minimum, its literally like saying that Blockchains are going 5G.</p> <p><strong>Why is this important?</strong></p> <p>For one they lower the gas fees instantly (looking at you ETH). Also they boost the speeds by huge amounts.</p> <p>But the main focus is scalability. We've been experiencing the lack of scalability in the Top 10 Smart Contract Platforms for a reason, its because they can't handle the amount of transactions being made.</p> <p>That's where ZK-Rollups come rollin, in ZK-Rollups the more users use it, the more scalable it becomes, without sacrificing decentralization.</p> <p><em>If you want a more in-depth information on ZK-Rollups and blockchains</em> <a href="https://jsidhu.medium.com/the-ultimate-guide-to-rollups-f8c075571770"><em>read this article</em></a><em>.</em></p> <p><strong>Where to invest?</strong></p> <p>So you want to invest in ZK-Rollups, there's some projects that are researching and implementing ZK-Rollups, I'll list them here and please do research on them before investing.</p> <p><strong>Syscoin (SYS)</strong></p> <p><strong>Loopring (LRC)</strong></p> <p><strong>Immutable X (IMX)</strong></p> <p><strong>Dusk Network (DUSK)</strong></p> <p><strong>Polygon (MATIC)</strong></p> <p>Those are my top picks for ZK-Rollup projects, but there are some more that still don't have enough credit to list them here.</p> <p>If you have any projects you think should be here feel free to drop in and talk about them.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/niddLerzK"> /u/niddLerzK </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rvktc1/what_are_zkrollups_and_why_theyre_the_best/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rvktc1/what_are_zkrollups_and_why_theyre_the_best/">[comments]</a></span>Kind Regards R