Based on ZK-Rollup technology, ZKSwap is a token trading system and a Layer-2 decentralized exchange (DEX). The protocol is based on the Automated Market Maker (AMM) paradigm, which provides free access to the ZKSwap service for Ethereum users. Users may exchange ETH and ERC-20 tokens on ZKSwap, as well as obtain ZKS (ZKSwap management token) through community mining, which ensures the ZKSwap infrastructure's liquidity and security.
ZKSwap is an AMM-modeled Layer-2 DEX that uses ZK-Rollups technology, which is a form of Level-2 scalable solution based on zero knowledge proof on the Ethereum network. ZK-Rollup has a variety of benefits over similar technologies, including security, cost, transactions per second (TPS), and privacy. By an order of magnitude, the technique minimizes the burden on the main network. This is accomplished by grouping transactions and doing some computations outside of the Ethereum platform.
ZKSwap is a community-driven, decentralized initiative. The platform's advantages include: decentralized, total control over users' assets; no authorisation required for transactions; a very liquid process with a consistent degree of secrecy; extremely high TPS thanks to the ZK-Rollup; and no expensive gas fees for liquidity providers and consumers.
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