1inch Network announced its integration of ZKsync technology, enabling faster and cheaper transactions on Ethereum.
Benefits of the Integration
With this new integration, users can effortlessly execute transactions across various networks. 1inch Network's Fusion+ technology has demonstrated impressive transaction volumes.
How Will Technology Shape the Future
ZKsync uses zero-knowledge technology to offer a scalable solution that maintains the security of the Ethereum mainnet while ensuring lower transaction fees and enhanced speed. The roadmap includes processing up to 10,000 transactions per second and initiatives aimed at eliminating transaction fees, which could greatly increase technology adoption.
Swiss Experiments with ZKsync
Switzerland-based UBS is experimenting with ZKsync for one of its gold-backed financial offerings, potentially bridging conventional finance and digital asset management. This integration signals promising shifts towards lower cost and increased transaction speed.
ZKsync's integration into the 1inch Network promises to revolutionize digital finance by reducing costs and increasing transaction speeds.
