Ethereum created a new era of blockchain, which has provided a powerful contract programming environment and realized complex logic in various commercial and non-commercial environments through the development of smart contracts. There is no essential difference between the core of Ethereum and Bitcoin. The essence of Ethereum is the full realization of smart contracts. Blockchain technology is not only for issuing tokens but also provides more commercial and non-commercial applications.
However, with an increasing number of applications and transactions on Ethereum, its performance problems have gradually restricted the development. Especially since 2020, the outbreak of DeFi has promoted the prosperity and development of the Ethereum ecosystem. During the popular period of DeFi, the huge number of applications and transactions directly drove a surge in the demand for transactions on Ethereum and drove up the price and gas.
Ethereum Scaling Solution-Layer 2
At present, the high gas fee of Ethereum has become the main crux of the mutual restriction of the development between the underlying network and the upper ecosystem. This has led many projects to deploy protocols on Layer 2 and other public chains, and the multi-chain era of DeFi has begun. In this context, a series of solutions for Ethereum scaling are constantly being proposed. One of the most mainstream directions is to transfer the information that needs to be processed from on-chain to off-chain, known as Layer 2.
zkTube with Broader Development Space
zkTube is a Layer 2 scaling protocol based on ZK-Rollup. For users, low transaction fees with fast and safe transaction speed are the top priorities of everyone's attention. The transaction fee of zkTube is only 0.5% of the ordinary L1 network transaction, the TPS is as high as 3000+, and scalability is not limited to this. When faced with higher performance requirements in the future, zkTube has a broader development space.
zkTube is a satisfactory solution for Ethereum scaling, which has high requirements for transaction receipt, timeliness, and high-throughput Dapp. zkTube will provide agreement services for DeFi, NFT, DEX, and payment. ZK-Rollup is a new type of scaling solution for Layer 2. The core module of the technology is to use the main chain as a storage medium instead of a consensus engine. Compress transactions and reach a state consensus off-chain. Use Zero-Knowledge proof to ensure the off-chain state security of consensus.
The popular mining projects on the market include Filcoin, Chia, zkTube, Swarm, etc. We know that although the mining mechanism of Filcoin and Chia is different from traditional PoW mining, both of them need mining rigs. However, due to the mixed quality of miners and mining rigs in the market, the quality of the final mining coins cannot be guaranteed. Additionally, the mining mechanism of Filcoin also makes its price greatly fluctuate and its instability is extremely high. Mining is also reflected in the policy, even if Filcoin and Chia will be greatly affected when encountering strong regulation. Swarm (BZZ) was also a project with high expectations, but it turned out to be a capital game because node operations were simply unprofitable.
zkTube Offers a New Mining Option
In zkTube mining, the Zero-Knowledge proof algorithm has been separated into a miner side, and the Provers network is responsible for mining tasks. Therefore, the zkTube architecture is composed of the Provers grid and zkTube's miner verification nodes. In addition, the Zero-Knowledge proof algorithm requires high CPU and storage because it involves a large amount of computation. It is mainly used for generating Zero-Knowledge proof for transactions competition and participation in the zkTube network. There is a great relationship between the profits of miners and the amount of computation obtained, and the generation of Zero-Knowledge proof requires corresponding CPU and storage. Therefore, the miner machine suitable for zkTube needs to have a certain configuration. (Recommended configuration: 32 Cores, 64 gigabyte Storage)
zkTube Mainnet Simulation Mining Launched
According to the official announcement of zkTube, the Mainnet Simulation Mining was launched on August 21, 2021. Now, you can login to the website (https://zktube.io/) to connect your wallet, receive the test token (ZKTR) to participate in the test mining, and get mining rewards.
zkTube is working to improve the current Ethereum system by breaking through the existing performance limitations to host a larger ecosystem. As the star project of Layer 2, zkTube is not only strongly supported by the Ethereum Foundation, but also officially recognized by Ethereum to be one of the most promising projects on its site. It has achieved remarkable results in the current blockchain network.
zkTube's huge success in the scaling of Ethereum means that it can provide solutions for Dapps all over the world and help these applications expand more protocols to achieve more value. Layer 2 will also produce super projects with Ethereum-level, and without any doubts, zkTube will become the most potential competitor of Layer 2 with the strong underlying technology and high user consensus.
