ZK

1. Project introduction

United in an elastic network, ZK chains can be added or expanded to handle increased transaction volume without affecting costs or hardware requirements for verification. ZK chains provide native, frictionless interoperability presented in a consistent and easy-to-use interface. This enables trustless communication and asset transfers between chains leveraging the full range of users and liquidity across the entire ZK chain ecosystem. Unlike traditional, centralized solutions, this protocol relies solely on cryptography for security.

ZKsync offers secure one-tap onboarding via FaceID/Passkeys, eliminating the need for seed phrases and reducing the risk of hacks. By automatically creating modular smart accounts at the protocol level, ZKsync enables a delightful, customizable UX, allowing users to seamlessly access all ZK chains with what feels like a single account directly from their application.

2. Team introduction

Co-Founde & CEO: Alex Gluchowski

https://www.linkedin.com/in/gluchowski/

CTO: Anthony Rose

https://www.linkedin.com/in/anthonykrose/

3. Investment institution

Blockchain Capital, Dragonfly Capital, Lightspeed, Variant, a16z

4. Token application and distribution

Token application:

The ZK token is a protocol token that allows token holders to introduce and vote on protocol upgrades and pay for network fees using ZKsync’s native account abstraction. Through governance-driven protocol upgrades, the community can evolve ZK to introduce staking and other functions.

Token distribution:

The ZK Token Distribution chart outlines the allocation of a total supply of 21,000,000,000 tokens. The distribution is segmented as follows:

Community: 66.7%

Investors: 17.2%

Team: 16.1%