What’s ZKSync? The ZKSync project was initiated by Matter Labs, a company working on Layer 2 scalability solutions. The first announcement of ZKSync took place in 2020 within the Ethereum community. The platform utilizes Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs) technology with the goal of overcoming Ethereum's limitations and enabling faster, low-cost transactions. ZKSync is developed as a Layer 2 solution to address scalability issues on the Ethereum net...