Embracing ZK Technology Over Traditional Solutions

By zkSync
Feb 22, 2024, 5:00 PM
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The zkSync community embraces ZK technology over traditional solutions, highlighting expertise in circuits and hyperchains.​ With rising gas fees and slow transactions, the community stands ready to help those seeking assistance.​

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RallyOnChain Launches InfoFi Marketplace on zkSync

**RallyOnChain** has launched as the first marketplace connecting content creators with marketers in what they're calling the **InfoFi era**. Key features: - Open and transparent marketplace model - AI-verifiable content and transactions - Built on GenLayer infrastructure - Powered by zkSync's Layer 2 technology The platform aims to create a new category of decentralized finance focused on information and content monetization. By leveraging zkSync's scaling capabilities, RallyOnChain can offer lower transaction costs for creator-marketer interactions. This launch represents another step in zkSync's broader mission to bring traditional finance onchain, following their success with over **$2.1B in institutional private credit** already live on the network.

U.S. Government Publishes Economic Data On-Chain via Chainlink

U.S. Government Publishes Economic Data On-Chain via Chainlink

The **U.S. Government** has begun publishing official economic data directly on blockchain networks through **Chainlink oracles**. **Key developments:** - ZKsync and Optimism are among the first blockchains in the initial cohort - Developers can now access real-time U.S. macroeconomic data for building applications - Enables creation of inflation-linked products, tokenized assets, and real-time markets This represents a significant shift in government adoption of blockchain technology for **official data distribution**. The move opens new possibilities for DeFi applications that require verified economic indicators. Developers can leverage this infrastructure to build more sophisticated financial products backed by **official government data sources**.

GRVT Launches as Largest ZK-Powered Exchange on zkSync

**GRVT has officially launched** as the largest zero-knowledge powered exchange, prioritizing user privacy while delivering institutional-grade trading products. **Key Features:** - Built on zkSync for enhanced security and scalability - Combines centralized exchange performance with decentralized benefits (CeDeFi) - Professional trading tools with full on-chain execution - ZK technology ensures transaction privacy and security **What This Means:** GRVT represents a significant step forward in decentralized finance infrastructure, offering retail users access to institutional-quality trading tools previously only available to large players. The exchange leverages zkSync's Layer 2 technology to provide fast, cost-effective transactions while maintaining the security guarantees of Ethereum's mainnet.

SEC Commissioner Backs Financial Privacy as ZKsync Launches Prividium Platform

**SEC Commissioner Hester Peirce emphasized financial privacy** during a recent podcast appearance, highlighting growing regulatory support for confidential transactions. **ZKsync responded by showcasing Prividium** - their new enterprise platform that enables private financial infrastructure on Ethereum with selective disclosure capabilities. **Key features of Prividium:** - Allows organizations to share verified information with regulators - Protects sensitive business data from public exposure - Maintains full customer confidentiality - Uses zero-knowledge proofs for compliance without data exposure **The platform addresses a critical gap** between regulatory compliance and privacy protection, enabling enterprises to operate transparently with authorities while keeping customer data secure. This development comes as **regulatory leaders increasingly recognize** the importance of financial privacy in digital finance infrastructure.

Crypto-Securities Platforms Set for Major Expansion

**Regulatory breakthrough incoming** - expanded permissions for crypto-securities platforms are expected to unlock entirely new product categories across the ecosystem. **ZK technology takes center stage** - platforms like Prividium will introduce: - Proofs of reserve capabilities - Selective disclosure features - Enhanced privacy and compliance tools **Institutional infrastructure evolving** - the shift toward always-on, programmable finance is accelerating as institutions upgrade their systems to operate at internet speed. These developments represent a significant step forward for institutional adoption of blockchain-based financial products.