UPCOMING: ZkLink - THE HIDDEN GEMS IN 2023
What is ZkLink?
zkLink is a unified, multi-chain layer 2 networks powered by zero-knowledge technology. By connecting blockchains and layer 2 protocols, the zkLink network will allow developers and traders to leverage liquidity from private chains while providing smooth technology experiences for users, which makes DeFi a shared home that anyone can access.
zkLink creatively applies zero-knowledge technology to multi-chain interoperability with a decentralized separation of powers design and no need for 3rd parties to ensure the security of assets and transactions. Furthermore, zkLink eliminates price differentials between stablecoins from different blockchains to enable multi-chain liquidity aggregation, thereby forming a huge stablecoin liquidity pool through a debt mechanism controlled by the exchange. single, cost-effective, protocol-controlled-debt/PCD with easily accessible infrastructure.
Highlights of the ZkLink project
1. Zero-knowledge Proofs technology with Zero Security Compromise
ZK-proof is an algorithm designed to ensure that only valid transactions are executed and cannot be manipulated or faked, ensuring the security of users' networks and funds.
• Thanks to ZK-Rollup's on-chain data availability, account status can always be restored in the event of an attack, even if all data on the zkLink Layer2 Engine is lost.
• ZK technology ensures that no one, including the platform itself, can upload fake zk_proof to the main chain.
2. Strong consensus mechanism
An Independent oracle network ensures a consistent state of multi-chain. Such separation of powers during verification will ensure that no party gains too much power to be able to directly manipulate assets or potentially commit fraud over them.
Design checks and balances will protect zkLink against attacks from outside and inside the system from hackers, as well as related parties through power branching.
3. Multichain Liquidity Aggregation
With its unique protocol-controlled-debt (PCD) mechanism, stablecoins from different blockchains will be easily aggregated into a single coin that can:
• Use for all purposes on the zkLink ecosystem
• No need to use multiple wallets on different chains
• Reduced fees and fast processing
Token information zkLink: Updating