What is ZKSpace (ZKS)?
ZKS is the native token of ZKSpace, which is a Layer-2 protocol based on ZK-Rollups technology.
The ZKSpace protocol consists of three integral parts:
- ZKSwap – a cutting-edge AMM-based DEX that integrates the use of ZK-Rollups technology.
- ZKSquare – an NFT minting protocol.
- ZKSea – an NFT marketplace.
The ZKSpace network is made up of two main technological components – ZKSpace server and Plonk zero-knowledge proof system.
ZKSpace server is made up of a memory pool, a state keeper, a block proposer, and a prover server. With the help of WebSocket, ZKSpace server connects with platform users. All requests of transactions go to the memory pool and are processed using the ZKSpace swap engine.
In terms of the zero-knowledge proof system used by ZKSpace, Plonk, the technology relies on a distribution architecture and concurrent advancements to produce evidence. All account balances are recorded in the ZKSpace status tree.
In order to secure the network, ZKSpace deploys smart contracts on Ethereum, employs a community mining mechanism, and the Proof-of-Stake (PoS) consensus mechanism. Community mining consists of Proof-of-Liquidity-Mining, Proof-of-Gas, Proof-of-ZK-Snarks, and Proof-of-TransFee.
Use Cases of ZKS Tokens
The ZKSpace relies heavily on ZKS, as it is mainly the governance token of the platform.
ZKSpace coin holders can propose updates and improvements to the ZKSpace crypto project, as well as vote on these proposals. Besides, they can make trading pair listing proposals and vote on them as well.
Additionally, ZKS tokens can be staked on the PoS mechanism that secures the network. PoS participants get rewarded with more ZKS tokens.
Who Founded ZKSpace?
The ZKSpace crypto project was developed by L2 Labs Foundation develops. Alex Lee is the lead developer of the project. Having extensive experience in the development of smart contracts and zero-knowledge proof research, he is a specialist in zero-knowledge proofs.
Toknomics of ZKS
The maximum supply of ZKSpace coins is 1 billion. The tokens were distributed as follows:
- 60% – community mining;
- 15% – the team;
- 8% – ecosystem developers;
- 5.3% – potential A-round investors;
- 4% – initial liquidity;
- 1% – advisors.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
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Following
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Posts count
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Currently, official ZKSpace (ZKS) X Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
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Subreddit type
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Moderators
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Currently, official ZKSpace (ZKS) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
9.73K
Members: 9,738
0.80%
Title
ZKSpace Official
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
43 / 100
0.00%
Ahrefs Rank
1,224,169
1.26%
Organic Traffic (mo.)
0
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
18
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
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Watchers
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Forks
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Language
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Currently, official ZKSpace (ZKS) GitHub Public Repository doesn't exist or wasn't submitted. 🔆 Submit Now
ZKSpace hot topics
Currently, official ZKSpace Reddit account doesn't exist or wasn't submitted. 🔆 Submit Now
ZKSpace posts
Currently, official ZKSpace X account doesn't exist or wasn't submitted. 🔆 Submit Now