1 year ago
PRESS RELEASE. To empower the BTC and ETH ecosystems, the ZKSpace squad has rebranded and upgraded to ZKBase. As an infrastructure protocol based connected ZK (Zero Knowledge) impervious technology, ZKBase is dedicated to providing scalability solutions for mainstream blockchains specified arsenic Ethereum and Bitcoin, and gathering decentralized cross-chain and Layer2 ecosystems. Our caller authoritative website, zkbase.org, is present live.
We are astir to motorboat ZKSwap(Bitcoin), catering to BRC20 and different Bitcoin ecosystem token trading. This marks the archetypal measurement successful our exploration of BTC Layer2 solutions. ZKS tokens volition beryllium exchanged for ZKB tokens astatine a 1:1 ratio. ZKB volition besides beryllium upgraded to service arsenic the governance token of the ZKBase protocol. We volition supply ERC20-BRC20 cross-chain solutions, allowing ZKB holders to bask the benefits of some Ethereum and Bitcoin ecosystems. While maintaining existing benefits, 100% of the transaction fees generated by ZKSwap(Bitcoin) volition proceed to beryllium utilized for the repurchase and pain of ZKB tokens, empowering ZKB holders.
On December 30th, we volition behaviour the last ZKS token pain and simultaneously contented ZKB tokens with a full proviso of 600 million. Starting from January 2nd, 8:00 AM UTC, users tin speech immoderate magnitude of ZKS tokens for ZKB tokens done a astute contract. More elaborate instructions volition beryllium announced successful consequent updates.
Furthermore, we volition proceed to research the programmability of the Bitcoin web and ZK cross-chain bridge, enabling unafraid and convenient cross-chain transactions of BRC20 and different Bitcoin web assets connected different nationalist chains. The ZKBase squad volition actively make and use a implicit Layer2 ecosystem connected the Bitcoin network, creating much usage cases for idiosyncratic assets and providing greater composability.
ZKBase Team
https://twitter.com/ZKSpaceOfficial/status/1740678651903971508
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