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ZK-Rollups step into the limelight after the quest to scale Ethereum evolves

Published 12/12/2021, 06:05 PM
Updated 12/13/2021, 07:40 PM
© Reuters

Scalability on the Ethereum (ETH) network has been a point of contention within the cryptocurrency ecosystem for years, primarily due to high fees and network congestion during periods of peak demand.

The latest solution to emerge as the final fix to Ethereum’s scalability woes is zero-knowledge rollups (zk-Rollups), a form of scaling that runs computations off-chain and submits them on-chain via a validity proof.

LRC/USDT 1-day chart. Source: TradingView
zkSync total deposits vs. total unique users

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