zkSync Achieves 1st Place in Cheapest Transaction Costs
zkSync Achieves 1st Place in Cheapest Transaction Costs
zkSync has achieved first place in offering the cheapest transaction costs, with gas units potentially decreasing by up to 90% after a significant milestone. This achievement highlights the significant scalability of zkSync.
馃 in cheapest transaction costs. Gas units could decrease up to 90% after 4844 馃憖 The sweet sound of scalability 馃幎
鉀斤笍 @zksync maintains the cheapest Transaction Costs across all Layer 2s, with @0xMantle in the second place! This shows that yesterday, Layer 2 transactions were on average 14 times cheaper than Ethereum's. Are you all also excited for EIP 4844?馃ぉ
ZKsync Prividium Initiative Draws 30+ Major Financial Institutions
**Major Financial Breakthrough** ZKsync's Prividium technology captured attention from **30+ global institutions** including Citi, Deutsche Bank, and Mastercard during a breakthrough initiative. **Key Developments:** - ZKsync founder emphasized finance faces an "adapt-or-die moment" at DAS conference - Prividiums offer private, interoperable finance solutions - Health sector integration through 0xhealthshared building on ZK Stack **New Features Rolling Out:** - **ZK token staking** pilot program with up to 10% rewards proposed - SANDchain testnet launches for creators and builders - Sophon introduces gamified payment cards turning daily habits into rewards - GRVT offers 10% interest on trading equity The developments signal a shift toward what ZKsync calls "Incorruptible Finance" - leveraging zero-knowledge technology for institutional adoption.
馃彞 ZK Health Revolution
**@0xhealthshared** is building a privacy-focused health platform that allows communities to: - Track real health progress collectively - Earn rewards for wellness achievements - Maintain complete data privacy using zero-knowledge proofs **Key Features:** - Community-driven health tracking - Reward system for progress - Zero exposure of sensitive health data - Built on ZKsync's Layer 2 infrastructure The project introduces **Prividium technology** - a breakthrough for private, interoperable finance that has caught attention from 30+ major institutions including Citi, Deutsche Bank, and Mastercard. This represents a significant shift toward what ZKsync calls *"Incorruptible Finance"* - where sensitive data remains private while still enabling verification and rewards. [Read the Prividium Breakthrough Whitepaper](link) for technical details on how zero-knowledge proofs enable this privacy-preserving approach to health data.
SANDchain Launches Public Testnet for Creator Economy
**SANDchain has officially launched its public testnet**, marking a significant milestone for the Creator Economy platform. The blockchain project aims to build a **Creator Nation** - a sovereign, onchain economy where: - Creators can launch their own economies - Fans become active participants as citizens - Liquidity drives cultural development SANDchain joins the **Elastic Network** and builds upon The Sandbox Game's established ecosystem of **over 8 million users**. This testnet launch represents the next phase in developing infrastructure for creator-driven economies in the web3 space.
馃嚘馃嚜 UAE Banks Launch First Dirham Stablecoin on ZKsync
**ADI Chain joins ZKsync Elastic Network** with ambitious plans to onboard 1 billion users by 2030. The project introduces the **first Dirham-backed stablecoin** developed by major UAE institutions: - First Abu Dhabi Bank - ADQ Official - IHC Official **Regulatory backing** comes from the UAE Central Bank, providing institutional credibility. **Target markets** include Middle East, Asia, and Africa - regions currently underserved by blockchain technology. The initiative aims to bridge traditional finance with decentralized systems, leveraging ZKsync's Layer 2 infrastructure for scalability.
Nana Murugesan and Jeremy Allaire Discuss ZK Proofs on The Money Movement Podcast
Nana Murugesan joins Jeremy Allaire on The Money Movement podcast to explore zero-knowledge (ZK) proofs. The discussion covers: - The necessity of ZK-proofs for Ethereum scaling - ZK-powered applications in privacy and identity - How ZK technology is facilitating institutional adoption of blockchain This episode follows a recent trend of industry leaders discussing ZK technology. Previously, Sandy from Scroll emphasized the importance of developer-friendly tooling to drive real-world adoption of ZK proofs. **Listen to the full episode:** [YouTube Link](https://www.youtube.com/watch?v=oL7NM6chBQM)