ZKSwap — a token exchange protocol, based on Automated Market Maker (AMM). Thanks to ZK-Rollup technology, the full set of uniswap functionality is implemented in layer-2, while providing unlimited scalability and privacy.
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Description of the ZKSwap project
ZKSwap — a completely new exchange protocol, based on ZK-Rollups technology. With Zk-Rollups technology, all ERC20 tokens are transferred to Layer2 and the consistent state of Layer1 and Layer2 is guaranteed based on continuously generated zero-knowledge proofs. The user no longer needs to wait for the confirmation time of one block for each transaction. ZKSwap enables DEX to provide a seamless centralized exchange (CEX) user experience, allowing members to have full custody of their funds.
Why you should trust this project:
| Decentralization | Users have complete control over their assets, transactions do not require authorization and they also have good confidentiality and higher liquidity. |
| Super high TPS | Based on the ZK-Rollup technology, the TPS of transactions can be increased by several orders of magnitude. |
| No GAS | Liquidity providers and users do not need to pay high gas fees, which significantly lowers the usage threshold. |
The ZK Swap server can interact with users through the WebSocket interface, as well as track transactions on the Ethereum blockchain. All legitimate transaction requests will be pushed into the ZK Swap memory pool, which will eventually be processed by the swap engine.
The PLONK global trust setting only needs to be generated once and applications with a specific schema scale range can be reused, greatly reducing the threshold for using a zero-knowledge proof.
Additional information about the exchange protocol
The Swap Protocol website has a RoadMap that you can use to keep track of project updates. Also, there is a blog and a "Tutorial" section.
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