zkTube The Combination of Zero Knowledge Protocol and Layer2

4 min readJul 18, 2021

Introduce

Layer 2 solutions are built on top of Ethereum (off-chain to reduce main chain congestion) but directly rely on the security and finality of Ethereum to provide near-instant Ethereum transactions and affordable — specifically things like transferring, trading, or staking tokens.
These L2 systems are not just theoretical either. Many L2 solutions are already in the works, and new L2 projects and integrations seem to be popping up every day. At the time of writing, there are over $300 million in crypto backed by two dominant L2 models: ZK Rollups and Optimistic Rollups.

The era of L2 scaling solutions has arrived, and it’s only just begun. If you’re the pioneer type, now is a great time to try out some of the best L2 capabilities available. So you may ask which potential projects are being most interested in?

All protocols built based on zKrollup are facing three core problems as below:

Long time consumption problem of zero-knowledge proof
Compression processing problem of zero-knowledge proof
Support general contractual problems

What is zktube?

zktube is a protocol with ZK Rollup solutions of zero-knowledge proof building for users and developers, providing underlying protocol support services, which can enable better migration of applications and contracts on Layer 1. It can improve scalability by transferring batch transmission to a single transaction.

The zkTube protocol is an Ethereum Layer 2 scaling solution based on ZK Rollup technology. All funds are held by smart contracts on the main chain. zkTube performs off-chain calculations and storage, and the effectiveness of its side chain is proved by zero-knowledge.

In zkTube network, users can perform various transactions and transfer functions of ERC20 tokens in the wallet with TPS 3000+, real-time arrival, and the same Security assurance of Mainnet Ethereum level. This premium and smooth experience cost for each transaction gas fee are 200 times lower than the existing Ethereum Mainnet.

Main features of zkTube

Lower transaction costs: With zkTube, users will experience very low transaction network costs, around 300–500 gas when transacting between off-chain tokens. zkTube’s artistic Roolup is doing a great job in regards to reducing the transaction costs of layer2 further than layer1.

Scalable Information: Thanks to Zero-Knowledge Proof mechanism, zkTube users can use their assets on layer2 account even if this account is not claimed in layer1. This thing is do each class2 transaction contains less data, do that you can to make up the width and information.

Top Notch Security: The zkTube network is designed to keep data transactions in its layer2 chain for processing, then it aggregates a large number of mined transactions into a single block. best with zero-knowledge proof sent to class1 for verification. This generally improves the processing speed of the entire network of transactions while maintaining total security.

Milestones achieved

Under the expectations of the community, the zkTube testnet was officially launched on April 27, so far, the system has been operating normally.

Currently, more than 13,000 first users worldwide have participated in the zkTube test to experience the Deposit function. Angel Right’s 100,000 ZKT donation plan launched simultaneously was 100% registered within two hours, which shows how popular zkTube is worldwide.

This project mainly adopts ZK-Rollup + Plonk to provide Layer 2 scaling solution for Ethereum network. Currently, the circulation of ETH in Layer 1 and Layer 2 has been completed. It includes functions like Deposit, Transfer and Withdrawal.

Development project reveal

Testnet was launched on April 27, 2021
Testnet POS Mining launch on May 30, 2021
Paytube wallet will be launch on June 30, 2021
zkTube Mainnet Launch on June 30, 2021
Miners voting day, July 1, 2021 (Testnet miners will be invited for voting, regarding the mining launch date)
Support Solidity for Smart Contract August 1, 2021
Support Layer2 Dex September 30, 2021
Support Cross-Rollup November 30, 2021

Conclude

Layer one content faces choosing a layer two wallet as the first step. Also, based on layer one, layer two can achieve superfast speeds with less than $0.02 application cost on Ethereum. This ultimately aligns with the core principles of Ethereum as well as censorship resistance and security.

zkTube is built on top of Layer 2 and zk Rollup to provide excellent security for users. They have always believed in the vision of Vitalik Buterin, the founder of Ethereum, that “in the end, everyone can use crypto”. This will be a project worth waiting for during this time. So don’t forget to follow me to get more information about this amazing project.

Author : jacata

#zKtube #Layer2 #ETH #Blockchain