Coinbase added the new native asset of a Layer 2 scaling protocol Ethereum (ETH) to its listing roadmap on Friday, putting the token on a potential path to trading on the leading U.S. cryptocurrency exchange.
Zksync (ZK), the latest addition to the listing roadmap, bills itself as “an ever-expanding, verifiable blockchain network secured by mathematics.”
The project is a ZK rollup, one of two main types of rollup solutions that execute transactions outside of the Ethereum blockchain but record transaction data. ZK rollups perform computations off-chain and then submit a validity report, while the other type, optimistic rollups, automatically assume that transactions are valid.
Explains the ZKsync white paper,
“ZKsync Era is designed to be similar to Ethereum, but with higher throughput and lower fees. Just like on Ethereum, smart contracts are written in Solidity/Vyper and can be called using the same clients as in other EVM-compatible chains.
You don’t need to register a separate private key before using it; ZKsync supports existing Ethereum wallets out of the box.
The project’s native token, ZK, was launched in mid-June and is trading at $0.988 at the time of writing. The 156th crypto asset by market cap has dropped nearly 2% in the past 24 hours.
Coinbase created its 2022 listing roadmap to increase transparency and prevent early token launches.
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