$ZK
ZKsync is making a big move! Gas fees have been cut directly by 94%, is the Layer2 race about to change?
ZKsync's recently announced v2.3 upgrade proposal has raised the standard for Layer2's 'champion' to a whole new dimension—verifying ZK proofs has seen gas fees plummet from 6.8 million to 370,000, a staggering drop of 94%! What does this mean? It's like going from first class on a plane to riding a shared bicycle, and the best part is you don’t even have to pedal!
Even more exciting is that this upgrade has also conveniently included elliptic curve operations (ECAdd, ECMul, ECPairing) directly into the circuits, cutting down the verification cost of ZK proofs to a fraction of the original! Coupled with the newly added ModExp precompiled feature, operations like RSA signatures and zero-knowledge proofs that were once high-barrier are now 'foolproof', ushering in an era of easy profits for developers!