ZKSwap is a token Swap protocol based on Automated Market Maker (AMM). Through ZK-Rollup technology, the full set of Uniswap functions are realized in Layer-2, while providing unlimited scalability and privacy. ZKSwap provides liquidity providers and traders with ultra-high-throughput swap infrastructure, and transactions do not require any Gas fees. The ZKSwap server can interact with users through the WebSocket interface, and can also monitor transactions on the Ethereum blockchain. All legal transaction requests will be placed in the ZKSwap memory pool, which will ultimately be processed by the Swap Engine. ZKSwap’s zero-knowledge proof system adopts a distributed architecture and uses the latest zero-knowledge proof algorithm PLONK to generate proofs. PLONK’s global trust setup only needs to be generated once, and applications with a certain range of circuit scale can be reused, which greatly reduces the threshold for using zero-knowledge proof.
Through ZK-Rollups technology, all ERC20 tokens are transferred to layer-2, and the consistent state of layer-1 and layer-2 is guaranteed based on continuously generated zero-knowledge proofs. This solution allows all exchanges to execute on layer-2, achieving real-time swap with zero gas fees, unlimited scalability, removing the constraint from the Ethereum’s TPS, and block confirmation time.
Step-by-step guide on how to get ZKSwap airdrop:
ZKSwap airdrop is a holder cryptocurrency airdrop. To get an airdrop you will need to hold ZKS tokens in your wallet or on the supported exchange. For now supported exchanges are gate.io and Hotbit. The total airdrop pool is 40,000,000 ZKS tokens. ZKS is already a tradable token. ZKSwap will take four random snapshots starting from 29th January 2021. The last snapshot will be before the launch of the mainnet, which is scheduled for 8th February. If you have the same amount for all snapshots ratio will be 1:1, otherwise, it will be 1:0.25.
- Hold ZKS tokens in your wallet or on the supported exchanges
- There will be four random snapshots starting from 29th January to 8th February
- If you are holding the same amount for all snapshots ratio will be 1:1
- Otherwise, the ratio will be 1:0.25
- For more info visit this Medium post
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