ZKSwap is a layer-2 protocol which functions atop the Ethereum network as a decentralized exchange (DEX). In addition to its DEX capabilities, ZKSwap also offers services such as an NFT marketplace which supports asset minting, as well as a wallet that can be used for payments.
As its name would imply, ZKSwap makes use of ‘ZK-Rollup’ technology, which allows for impressive scalability through bundling many transactions into one. By introducing this scalability, ZKSwap is able to solve one of the major problems related to the Ethereum network – transactions / gas fees.
ZKSwap notes that its approach provides various benefits over more traditional centralized exchanges. These include,
- Funds are not stored in one ‘basket’ for hackers to target
- Users maintain full control over assets
- No KYC required (results in faster registration)
- Transactions completed with automatic maker model (AMM) rather than through an order book
Throughout the ZKSwap ecosystem, tokens known as ‘ZKS’ are utilized in a variety of manner. Not only do these tokens imbue holders with certain voting rights (allowing for participation in governance), they can be earned through liquidity mining and staking, as well as being used for listing proposals. ZKS, which are structured as ERC-20 tokens, maintain a total supply of 1billion.
As it stands ZKSwap is a direct competitor with other decentralized exchanges like Uniswap, SushiSwap, and more. It hopes to differentiate itself through its use of ZK-rollups, providing the benefits of both a DEX and a layer-2 solution.
We list the top 3 exchanges that offer the ability to buy ZKSwap (ZKS) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
Established in 2013, Gate.io has grown in to a reputable trading platform. While it is not the most popular exchange, it provides users with an easy to use interface for beginners while maintaining robust and advanced charts for various skill levels – including technical traders. The exchange boasts a large number of altcoins including ZKSwap (ZKS), and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation.
This exchange currently accepts USA residents excluding New York and Washington State.
Read our Gate.io Review or visit Gate.io
Poloniex was founded in the United States in 2014. It has quickly risen to become a very popular exchange of choice for crypto traders looking to combine a wide range of assets. Poloniex continues to expand its supported assets, with more than 100 unique pairings – including ZKSwap (ZKS). With a recently revamped look the exchange also looks more professional than ever, while boasting trading in futures and leveraging of up to 100:1.
Read our Poloniex Review or visit Poloniex.
Established in 2013, Huobi Global has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the globe. It should be noted that Huobi Global currently does not accept USA or Canadian residents.
Huobi Global is one of the top exchanges that currently offers ZKSwap (ZKS) trading opportunities.
Read our Huobi Global Review or visit Huobi Global.
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