What is ZK

1. Project Introduction
ZKsync is a Layer 2 scaling solution designed to reduce transaction fees and increase transaction speed on Ethereum using zero-knowledge rollups (zk-rollups) and zero-knowledge proofs (ZKP). In ZKsync Era, computation is performed off-chain and most data is stored off-chain as well. Transactions are bundled into batches before generating a validity proof. As all validity proofs are proven on Ethereum, users enjoy the same security warranties as in the L1.
Summary: ZKsync is an Ethereum Layer 2 scaling solution launched by Matter Labs and powered by zkRollup technology.

2. Team & Investment Info
It is developed by Matter Labs. Alex Gluchowski, co-founder & CEO, was previously co-founder & CTO of PaulCamper and Somuchmore GmbH.
Funding: In November 2022, Matter Labs closed a $200 million Series C funding co-led by Blockchain Capital and Dragonfly, with additional participation from a16z, Variant, and Lightspeed Venture Partners. In November 2021, it raised $50 million in a Series B funding round led by a16z. In February 2021, it secured $6 million in a Series A round. In September 2019, it acquired $2 million in seed round funding.

3. Social Media URLs
X: https://x.com/zksync
Telegram: https://t.me/zksync
Mirror: https://zksync.mirror.xyz/
LinkedIn: https://www.linkedin.com/company/matterlabs/

4. Token Info
Token Symbol: ZK
Total Supply: 21,000,000,000
Token Type: Zksync
Issuance/Burn Mechanism: Fixed supply
Contract Address: https://explorer.zksync.io/address/0x5A7d6b2F92C77FAD6CCaBd7EE0624E64907Eaf3E
Token Distribution:
Airdrop: 17.5%
Ecosystem Incentives: 19.9%
Investors: 17.2%
Team: 16.1%
Token Assembly: 29.3%

5. Related Links
Official Website: https://zksync.io/
Other Info: https://www.rootdata.com/Projects/detail/zkSync%20-%20Matter%20Labs?k=Mjc0Mg%3D%3D

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.