Also known as zero-knowledge rollups, Zk-rollups allow blockchains to verify transactions faster. It is also a layer-2 scaling solution that ensures gas costs are kept to a minimum. It allows for faster transactions as it uses a separate layer 2 of the blockchain. One of the problems the next Ethereum Merge is trying to solve is the need for faster and more affordable transactions. This is why various altcoin projects focused on ZK-rollups are starting to gain attention. Expert Mark Arguinbaev unveiled 5 ZK-rollup tokens for investors to review in September. Here are the details…
The first altcoin on the analyst’s list: Cartesi
As the first Blockchain operating system, Cartesi enables developers to build decentralized logic using Linux and common programming languages while maintaining the privacy and security of the network. Cartesi has the first Blockchain operating system. According to its website, Cartesi provides a more than 10,000x increase in computational scalability for Blockchain. Decentralized applications that were impossible in Layer-1 are now possible thanks to Blockchain OS.
Cartesi provides traditional applications with the same level of security assurance that underlying Blockchain provides. Ethereum, BNB Chain, Avalanche, Polygon etc. It supports all EVM chains including Blockchain OS protects the privacy of your apps, from games where users hide their data to business apps that use sensitive data.
Second altcoin: Nervos Network
Nervos enables tier 2 scalability and smart contracts, according to reports. It allows any crypto asset to be held with the security, immutability and permissionlessness of Bitcoin. As the website explains, Nervos Network is an open-source, public blockchain ecosystem and a collection of protocols that lay the foundation for a universal internet-like public network. Early internet applications ran on separate networks. It required unique access and communication methods. In today’s decentralized world, we are seeing this separation once again into various ecosystems where interoperability is poor.
The Nervos Network addresses this issue by providing a collection of unified solutions that enable the developer to create Universal Apps. Nervos Network offers unmatched user access and acceptance. It makes blockchain applications ubiquitous. Decentralized and environmentally friendly, Nervos is on a mission to develop Blockchain technology for you.
MetisDAO (METIS) enables easy application creation
Metis wants to make it simple to create DApps and DACs on its platform for full Blockchain amateurs to get through in minutes. Metis is a decentralized economy platform that makes it simple and scalable to start, run and expand any decentralized application, business or community on its Blockchain. According to the information on the website, the platform is also accelerating people’s adoption of Blockchain for Web 3.0’s open, fair and decentralized commerce.
It also develops a user-friendly technical and organizational platform that will enable Blockchain and empower people’s personal and professional lives. Metis can be integrated into any existing website/application/business/platform without the need to migrate or change any user code. As a Layer 2 solution, Metis is also compatible with Ethereum EVM and Ethereum Layer 1.
Immutable X is also on the list
One advantage of Immutable X is that it is one of the first layer-2 systems to use zk-aggregations and concentrate on NFTs. According to its website, Immutable X is the leading layer 2 scaling solution in Ethereum powering the next generation of web3 games. Immutable X automatically distributes every asset you list to various markets. Immutable X supports up to 9,000 transactions per second at no gas cost when printing, transferring or trading money.
Through Immutable X, a market-leading NFT minting and trading platform, and Immutable Studios, an NFT game creation company, Immutable is expanding the NFT industry. You can easily and quickly develop your NFT product below, thanks to Ethereum-class security, no gas fees, and the user-friendly APIs provided by this platform. The Immutable X Marketplace is where you can see the latest and most fascinating NFT projects.
Latest altcoin: Loopring
The basic idea behind Loopring is to combine components from centralized and decentralized exchanges to produce a protocol that will leverage its different benefits and eliminate inefficiencies. Loopring is a zkRollup layer. According to its website, it allows high-throughput, low-cost trading and payment on Ethereum. In the Loopring ecosystem, no one has to believe anyone else. zkRollup ensures that clients always have control over their funds. It offers Ethereum-level security guarantees.
Loopring batches tens of thousands of requests off-chain. With proper execution through ZKPs, it provides highly scalable decentralized exchanges and payments. Most of Loopring’s operations, such as trade and transfer agreement, are conducted outside of the Ethereum Blockchain. As a result, gas consumption and overall transaction costs are reduced.
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