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Joy
Sat, September 07, 2024 at 18:47
Joy
Hey Annie!
Guess what?
Coinbase just added a new native asset from an Ethereum layer-2 scaling protocol to its listing roadmap!π
Annie
Oh, really?
That sounds interesting!
Which asset did they add?π€
Joy
It's called Zksync (ZK)!
It's a verifiable blockchain network that's secured by math.
Pretty cool, huh?π
Annie
Wow, that does sound cool!
So, what exactly is a ZK rollup?π€
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Joy
Great question!
ZK rollups execute transactions outside of Ethereum's blockchain but record the transactional data on it.
They run computations off-chain and then submit a validity report.
It's like doing homework outside of class but still showing your teacher the results!π
Annie
Ah, I see!
So how is it different from other rollup solutions?π€·ββοΈ
Joy
Well, the other main type is called Optimistic rollups.
They automatically assume transactions are valid unless proven otherwise.
ZK rollups, on the other hand, verify each transaction mathematically before recording it.
It's like double-checking your answers before submitting a test!π
Annie
Got it!
So, what makes ZKsync special compared to Ethereum?π
Joy
ZKsync is designed to look and feel like Ethereum but with higher throughput and lower fees.
You can even use the same smart contracts and wallets as you do on Ethereum.
It's like getting an upgrade without having to change your habits!π
Annie
That sounds convenient!
When did this token launch?π
Joy
It launched in mid-June and is currently trading at $0.988.
However, it's down nearly 2% in the past 24 hours.π
Annie
Oh, that's a bit of a drop.
Why did Coinbase create this listing roadmap?π€
Joy
They created it in 2022 to increase transparency and prevent front-running of token launches.
It's like giving everyone a fair chance to get in on the action!πββοΈ
Annie
That makes sense.
So, do you think this is good news for the market?π
Joy
Absolutely!
Adding ZKsync to Coinbase's listing roadmap is definitely a positive move.
It could attract more investors and increase the token's visibility.
Overall, it's a bullish sign for the market!π
To sum up, this article is considered a πBullish for investors!!