zkSync Prover Fee Markets Take Step Towards Decentralization
zkSync Prover Fee Markets Take Step Towards Decentralization
π Decentralization Milestone
zkSync, a layer 2 scaling solution for Ethereum, has announced the launch of prover fee markets, marking another step in its journey towards decentralization. Prover fee markets allow users to contribute computational resources and earn rewards for helping to process transactions on the zkSync network. This move aims to distribute the load of proving transactions across a broader set of participants, reducing reliance on a centralized operator.
prover fee markets of @zksync, one more step to the decentralization.
This paper, written by researchers from @the_matter_labs, @Yale, @HebrewU, and @imperialcollege, explores ProoΟ, a mechanism design for prover fee markets on ZK-rollups. Fee markets for provers competing to generate ZKPs differ from transaction fee mechanisms such as EIP-1559.
SpaceFi Announces Real World Assets Integration on zkSync
SpaceFi is expanding its DeFi ecosystem by introducing Real World Assets (RWA) on zkSync Era. This strategic move marks a significant development in the Layer 2 scaling solution's capabilities. - Integration enables traditional asset tokenization - Builds on SpaceFi's existing DEX and NFT infrastructure - Implementation scheduled for early 2025 The RWA integration aims to bridge traditional finance with DeFi, potentially increasing liquidity and accessibility in the zkSync ecosystem. *Note: Further details about specific assets and launch parameters will be announced closer to release.*
zkSync Launches First Governance Proposal
zkSync, a leading Layer 2 scaling solution, has introduced its first governance proposal, marking a significant milestone for ZK Chains' users. This development follows the recent publication of zkSync Association's Governance Procedures, which outline the process for submitting and voting on proposals within the zkSync ecosystem. Key points: - First zkSync governance proposal launched - Builds on recently published Governance Procedures - Users can delegate $ZK tokens to SyncSwap for free This initiative represents an important step towards decentralized decision-making in the zkSync community. Users are encouraged to participate in the governance process to shape the future of the platform. For more details, visit the zkSync forum.
Cryptic ZK Announcement Sparks Speculation
A cryptic announcement related to ZK (likely referring to zero-knowledge technology) was made on July 10, 2024. This follows two previous related announcements earlier in the year, on February 22 and February 1, both of which were equally vague. The lack of details has led to increased speculation within the cryptocurrency community about potential developments in zero-knowledge technology or related projects. As no further information was provided, the exact nature and implications of these announcements remain unclear.
ZK Trading Goes Live on SpaceFi
SpaceFi, a decentralized finance (DeFi) hub on the zkSync Era network, has announced the launch of ZK trading. Users can now add the ZK-ETH trading pair on the platform. Additionally, SpaceFi will soon introduce a double-rewards pool, allowing users to earn both ZK and xSTAR tokens as rewards.
SpaceFi Migration to zkSync 2.0
SpaceFi, a decentralized finance hub on zkSync, has announced the migration from version 1.0 to 2.0 on the zkSync network. The new version will introduce several enhancements, including more incentives and campaigns, the addition of the $STAR token for gas payments, dual mining rewards, and Spacebase incentives. The migration will also bring improvements such as boosted farming, an updated Paymaster section, a new STAR/Planet NFT, and an enhanced user interface. While rewards and incentives will gradually transition to SpaceFi 2.0, the team has advised users to stay tuned for further details on the upcoming incentive activities.