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ZKSpace
About ZKSpace
ZKSpace (ZKS) is a Layer 2 scaling solution for Ethereum, leveraging zk-Rollups to enhance transaction speed and reduce costs. It supports a wide range of DeFi applications, including token swaps and NFT trades. The platform was developed by a collective of blockchain experts, with a strong focus on technological enhancement rather than individual recognition.
ZKSpace is a Layer 2 scaling solution built on the Ethereum blockchain. It utilises Zero-Knowledge Rollups, specifically zk-Rollups, to improve transaction speeds and reduce costs while maintaining security by leveraging the Ethereum mainnet for data availability and consensus. ZKSpace aims to enhance the scalability of Ethereum without compromising its security and decentralisation.
ZKSpace is used primarily to facilitate faster and cheaper transactions on the Ethereum network. It supports a variety of functionalities including token swaps, NFT trades, and other decentralised finance (DeFi) applications. By batching multiple off-chain transactions into a single on-chain transaction, ZKSpace helps in reducing the congestion and gas fees associated with individual Ethereum transactions.