🌍zkTube — new solution that provides one-stop decentralized financial applications

FRANCESCA JOSEPH
4 min readJul 23, 2021

We all want to live amicably and happily, while doing what we love, working for the good of society and reaching our full potential in a high-quality manner. And for this in our world, I think there is absolutely everything. And even if something doesn’t exist, someone will soon come up with it or develop it. This is exactly what our social evolution shows, where every year people create tens of thousands of new and unique products. They develop new websites and apps, each of which appears for a single purpose. Improve our whole life.

However, despite a certain ideal of the current picture, all these processes have a downside, where all kinds of disputes and disagreements arise. Many details depend on the solution, so the need to solve such problems with faster solution, I would like to introduce to you now.

After all, as they say in a very interesting book, if you don’t know what to do, look around, suddenly your actions can solve someone’s problem. Therefore, I am sure that the developers of this project were guided by this engine. That’s why we created our own unique project called zkTube.

In fact, the essence of the zkTube project is very simple, because It is a platform built and developed on Layer 2 based on the PLONK algorithm protocol using ZK-Rollup technology. It can improve scalability by converting batches of transactions into a single transaction. Its essence is to compress the user state on the chain and store it in the Merkle tree and transfer the changed user state to the chain while ensuring the correctness of the user state change process through the proof mechanism. Zero-Knowledge. The cost of directly processing user state changes on-chain is relatively high, but using only on-chain smart contracts to verify the correctness of Zero-Knowledge proofs is relatively low.

I’m sure you’re a bit surprised by what I’m saying. After all, in fact, smart contracts are created to comply with all the factors that help users . However, this smart contract is responsible for all aspects that reside within a decentralized network.

zkTube aims to be the indispensable Layer 2 environment builder and Layer 2 solution provider in Web3.0. Performing the transition of content from Layer 1 to Layer 2 continuously iterates the technology, building the Lego underlying engineering framework for developers and reducing development costs. Implement technical functional modules overlap to promote “Digital” development.

Currently, more than 3,000 DApps are running on the Ethereum network, and the prices of various assets are also increasing. Correspondingly, the network congestion and high transaction fees remain unresolved. Layer 2 technology has many expectations, but looking at the global market, projects that can develop effective solutions have been numbered, and one of them is zkTube.

zkTube is characterized by fast transmission. Congestion of the network causes transaction delays, which can be quickly verified on the zkTube network. When a block with SNARK proof is sent to the L1 smart contract and verified, all transactions contained in the block will be confirmed, but L2 will not be affected because of the user’s transfer called the account balance, transfer between L2 in real time. The use of smart contracts to verify the correctness of Zero-Knowledge proof is relatively low, so are transaction fees when transferring on Ethereum.
Currently, zkTube is constantly adding new partners and building a worldwide community, thereby forming a stronger consensus and jointly promoting the overall development of zkTube. Grade 2, the track where all sides compete, zkTube will surely stand out with its strong technical research and development ability, realizing more application values.

To me, this is a really cool system that, by itself, is free from any bureaucratic bugs, acting as a transparent, decentralized structure. Which I will extend to other project decisions.

So we are sure to achieve the most real success for each of us in different areas of life. But I firmly believe that this moment is only a matter of time, sooner or later it will happen in our lives. After all, the world does not stand still, everything moves and develops, with which we grow and develop.

I hope you like the idea and concept of the zkTube project. Therefore, I invite you to the next part of my article where you can learn more about the official social resources of zkTube. Thank you for reading my post to the end. I hope it is useful to you. If so, please support it by liking and commenting.

You can also learn more about zkTube through the following channels:

Websites: zktube.io / paytube.io

Testnet: rinkeby.zktube.io/wallet

Twitter: https://twitter.com/zktubeofficial

Medium: zktube.medium.com

Facebook: https://www.facebook.com/zkTube.official

Telegram: https://t.me/zkTubeGlobal

Discord: https://discord.gg/ZhcSuxhX4S

LinkedIn: https://www.linkedin.com/company/zktube-official

author : freshtictacs

Profile : https://bitcointalk.org/index.php?action=profile;u=1236371

ETH wallet : 0xACf71cCb61a2cbC9556ed7b6FEc4EaaC23eB4e12

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