Initiated in 2020, zkSync is designed to scale Ethereum without sacrificing the security or decentralisation of the network. It uses zero-knowledge rollups, known as “zk-rollups,” to bundle multiple transactions into one single transaction. This approach increases transaction output while minimising the fees that users have to pay. zkSync reportedly has a Total Value Locked of over $860 million.
zkSync’s native token, ZK, offers holders several options for usage, including staking for rewards, paying network fees, and governance voting rights.
“Projects looking to promote scalability and decentralisation are absolutely critical to the future of web3 and its mainstream adoption,” said Henry Child, Head of Tokens at Bitfinex. “ We are excited to add ZK as the latest offering among our diverse slate of digital assets.”
To obtain access to ZK on Bitfinex, once available, customers can visit https://www.bitfinex.com/?refcode=0bC4Lljc.
*All users of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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