First cryptocurrency, which was launched on 2009, Bitcoin the main goal was to offer a distributed database solution that is secure, decentralized, and can support transparent transactions. Six years later, Ethereum showed that blockchains can create a peer-to-peer network so that application code may be safely executed and verified, also known as smart contracts. For instance, it is damaging to the long-term development of Bitcoin and Ethereum as they are still unable to handle thousands of transactions per second (TPS). Before these networks can be efficiently embraced and used on a larger scale, better throughput is required.

To address this issue, Layer 2 (L2) solutions were introduced. Thousands of low-value transactions can be conducted using these layer-2, or L2, blockchain solutions after being validated on separate blockchains. Records are then moved to the main blockchain, or mainnet, to ensure that they are immutably stored.

But L2 is not perfect: lack of decentralization, too slow, too expensive or poor scalability. Also, due to its design, there is always a risk of lack of liquidity or poor composability.

The Ethereum community discovered that L2 solutions might use ZK proofs. Transactions are condensed into proofs of constant size that are periodically submitted to the main chain by an operator. Zero-Knowledge proofs were initially implemented in Zcash to increase privacy, but the engineers later realized they could be utilized to scale the network.

The most well-known L2 solution utilizing ZK proofs is zkRollup. The chain can go back to a previous state in the event that an operator is not available, from which another operator can continue. Although the issue of data unavailability is addressed, the roll-back process's complexity is still too great.

Zeeka is innovative blockchain. Zeeka, which is built on Zero-Knowledge proofs, aims to execute a significant number of transactions per second without sacrificing block size. Zeeka intends not to impose a blockchain with a fixed size (like the MINA protocol), but it still provides all of the advantages of ZK technology. With Zeeka, L2 concepts are suggested to be included into L1, and the network expands spontaneously in a way that maintains low transaction costs even during periods of high utilization. In order to enable the evaluation of Smart Contracts utilizing Zero-Knowledge proof systems, Zeeka will develop a new type of Smart Contract written in Rank-1 Constraint System.

In next articles we will cover how Zeeka Network works, how Zeeka plans to set gas for all kind of transactions, tokenomics of Zeeka cryptocurrency (ℤ), Team behind this promising blockchain and roadmap!

Stay tunned!

First cryptocurrency, which was launched on 2009, Bitcoin the main goal was to offer a distributed database solution that is secure, decentralized, and can support transparent transactions. Six years later, Ethereum showed that blockchains can create a peer-to-peer network so that application code may be safely executed and verified, also known as smart contracts. For instance, it is damaging to the long-term development of Bitcoin and Ethereum as they are still unable to handle thousands of transactions per second (TPS). Before these networks can be efficiently embraced and used on a larger scale, better throughput is required.

To address this issue, Layer 2 (L2) solutions were introduced. Thousands of low-value transactions can be conducted using these layer-2, or L2, blockchain solutions after being validated on separate blockchains. Records are then moved to the main blockchain, or mainnet, to ensure that they are immutably stored.

But L2 is not perfect: lack of decentralization, too slow, too expensive or poor scalability. Also, due to its design, there is always a risk of lack of liquidity or poor composability.

The Ethereum community discovered that L2 solutions might use ZK proofs. Transactions are condensed into proofs of constant size that are periodically submitted to the main chain by an operator. Zero-Knowledge proofs were initially implemented in Zcash to increase privacy, but the engineers later realized they could be utilized to scale the network.

The most well-known L2 solution utilizing ZK proofs is zkRollup. The chain can go back to a previous state in the event that an operator is not available, from which another operator can continue. Although the issue of data unavailability is addressed, the roll-back process's complexity is still too great.

Zeeka is innovative blockchain. Zeeka, which is built on Zero-Knowledge proofs, aims to execute a significant number of transactions per second without sacrificing block size. Zeeka intends not to impose a blockchain with a fixed size (like the MINA protocol), but it still provides all of the advantages of ZK technology. With Zeeka, L2 concepts are suggested to be included into L1, and the network expands spontaneously in a way that maintains low transaction costs even during periods of high utilization. In order to enable the evaluation of Smart Contracts utilizing Zero-Knowledge proof systems, Zeeka will develop a new type of Smart Contract written in Rank-1 Constraint System.

In next articles we will cover how Zeeka Network works, how Zeeka plans to set gas for all kind of transactions, tokenomics of Zeeka cryptocurrency (ℤ), Team behind this promising blockchain and roadmap!

Stay tunned!