Thoughts about ZKFair

The ZKFair blockchain is the first L2 blockchain on Ethereum with a fair launch and transfer of 100% $ZKF tokens to TGE. Like any other technology, ZKFair needs continuous improvement and development.

In this article, I am mostly talking about how the ZKFair blockchain can possibly go, although I am not a technical specialist, and in many ways I can be mistaken about the profitability of implementing a particular step:

  1. Reducing the cost of commissions. Although I have no idea how to achieve this fully, it is very obvious that low commissions are more desirable for users, and with a significant decrease, users will be more willing to make transactions, and perhaps earnings from commissions will not fall much.

  2. Extension of functionality. To attract more users and companies, it is necessary to expand the functionality of the ZKFair blockchain. This can be achieved by adding the ability to create smart contracts, issue tokens, and other innovative features. At the moment, I see that the team is just at this stage, literally the new collection of PFP NFT Cyber Army has just adopted the ERC404 protocol. This is a protocol in which 1 NFT = 1 token.

  3. Security. There have been no precedents in terms of security yet, and I sincerely hope that in this regard we have nothing to worry about, because such moments have been negative for more than 1 year, and it is very important not to forget and work on this aspect constantly.

  4. Community development.There is a lot of talk about the DAO right now. For the successful development and improvement of the ZKFair blockchain, it is important to actively develop a community of users, developers and researchers. This will help to identify potential problems, propose new ideas and reach a general agreement on the direction of technology development. Yes, of course, you should pay attention to competitors, and take something from them, for example, not to make mistakes like Starknet, and vice versa, look at the mechanisms of working with the Sui community. I think that maybe some 1 decent game could attract players, but if there are a lot of expensive transactions to be used, then it would be pointless.

  5. Interaction with other blockchain projects. Collaboration with other blockchain projects and companies can help improve ZKFair and create new opportunities for its application. Partnership and exchange of experience with other projects also helps to spread the technology and strengthen its position in the market.

Summing up my thoughts, looking back, I realize that many (if not all) the ZKFair team has already taken steps or is doing it right now, the project is alive and it has prospects to occupy a certain niche among all L2 solutions. There is a certain hype in interaction with such networks as Merlin Chain. I also think some particularly profitable campaign for users can attract new users in the wake of fomo.