Coinbase has added a new token from an Ethereum layer-2 scaling solution to its listing roadmap, potentially paving the way for the asset to be traded on the leading U.S. crypto exchange.
Zksync is a ZK rollup, a type of scaling solution that processes transactions outside of Ethereum’s main blockchain while still recording the transactional data.
Assets added to the roadmap today: ZKsync (ZK) https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) September 6, 2024
ZK rollups handle computations off-chain and then submit a validity proof, unlike Optimistic rollups, which assume transactions are valid by default.
According to ZKsync’s whitepaper, the ZKsync Era is designed to offer the same experience as Ethereum but with improved throughput and lower fees. Developers can write smart contracts in Solidity/Vyper and use familiar Ethereum tools, and users can access the network with their existing Ethereum wallets.
The ZK token was launched in mid-June and is currently priced at $0.988. It ranks as the 156th largest cryptocurrency by market cap and has seen a nearly 2% decline in value over the past 24 hours.
A new milestone in cryptocurrency investment products is set to unfold this Wednesday, as REX Shares prepares to launch the first-ever U.S.-listed staked crypto exchange-traded fund (ETF), according to a company announcement shared on X.
XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes. During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase. Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called […]
A community-driven initiative launched Monday is inviting Ethereum users to lock art, memories, and personal messages inside a decentralized “time capsule,” set to be opened on the network’s 11th anniversary next year.
A new CryptoQuant report highlights a growing divergence between long-term Ethereum holders and short-term Bitcoin buyers, with significant accumulation behavior unfolding in both markets amid increasing political and economic tension in the U.S.