0
days
00
hours
00
min
00
sec
zkSync is a Layer 2 scaling protocol for Ethereum designed to offer cheaper and quicker transactions than the Ethereum network itself while maintaining the same level of security and reliability as L1. It leverages Zero-Knowledge (ZK) rollups as an alternative to Optimistic rollups and Sidechain methods of validating transactions.
The Series B round has been a crucial funding milestone for zkSync, where the company raised over $50M from leading funds and partners, including a16z, Blockchain.com, ConsenSys, Lido, Aave, and others.