ZKBase, previously known as ZKSpace, is a comprehensive Layer-2 scaling solution built on Ethereum that leverages Zero-Knowledge Proofs (ZKPs) to offer secure, scalable, and low-cost transactions and applications. As a multi-functional platform, ZKBase encompasses a decentralized exchange (DEX), a payment protocol, and an NFT marketplace, among other features. Its primary goal is to address the scalability issues of Ethereum, enabling faster transaction speeds and reduced gas fees without compromising on security or decentralization.

Consensus Mechanism

ZKBase utilizes zero-knowledge rollups (ZK-Rollups) as its core consensus mechanism. This technology allows for the aggregation of multiple transactions into a single transaction on the Ethereum blockchain. Each batch of transactions is validated and verified off-chain using ZKPs, which then generates a proof of validity. This proof is submitted back to the Ethereum mainnet for final verification and recording. The use of ZK-Rollups significantly reduces the on-chain footprint, leading to lower transaction fees and higher throughput, while still inheriting the security model of the Ethereum mainnet.

Protocols

The platform implements cutting-edge ZKPs to ensure privacy and security in transactions and smart contracts. ZKBase's architecture supports seamless interaction with Ethereum, allowing users and developers to enjoy the benefits of Ethereum's ecosystem without its limitations. 

EVM compatibility 

ZKBase is designed to be EVM-compatible, enabling developers to easily deploy Ethereum-based dApps on the platform with minimal changes. This compatibility ensures a rich ecosystem of applications can thrive on ZKBase, benefiting from its enhanced scalability and reduced costs.

Use Cases

ZKBase is particularly well-suited for a wide range of applications that require high transaction throughput and low fees, including DeFi protocols, NFT marketplaces, and general dApps. Its DEX platform offers a high-speed, low-cost trading experience, making it attractive for traders and liquidity providers. The payment protocol facilitates instant, near-zero fee transactions, ideal for micropayment applications and remittance services. Meanwhile, its NFT marketplace provides a platform for creators and collectors to trade NFTs efficiently, with reduced gas costs and improved scalability.

Project Roadmap