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Cryptorank

Category ZK

Ethereum Layer-2 ZKsync Suffers Exploit As $5,000,000 in ZK Tokens Drained

Ethereum Layer-2 ZKsync Suffers Exploit As $5,000,000 in ZK Tokens Drained

Ethereum (ETH) Layer-2 scaling solution ZKsync (ZK) has suffered a significant exploit, resulting in the loss of $5 million worth of ZK tokens. The...
ZKSync discontinues its Ignite incentive program due to unfavorable market conditions

ZKSync discontinues its Ignite incentive program due to unfavorable market conditions

ZKSync will not launch Season 2 of its Ignite program, which aimed to boost available liquidity for DeFi. ZKSync will now focus on the Elastic Netw...
Switzerland’s Largest Bank Tests Tokenized Gold Product on Ethereum Layer-2 ZKsync

Switzerland’s Largest Bank Tests Tokenized Gold Product on Ethereum Layer-2 ZKsync

Union Bank of Switzerland (UBS), the largest bank in Switzerland, is testing a tokenized gold product on Ethereum (ETH) layer-2 scaling solution ZK...
Balaji Srinivasan proposes Zethereum to boost Ethereum privacy using ZK tech

Balaji Srinivasan proposes Zethereum to boost Ethereum privacy using ZK tech

Crypto entrepreneur Balaji Srinivasan has proposed a concept to improve Ethereum privacy. In a post on X, Srinivasan termed the concept Zethereum, ...
Cardano deploys first zero-knowledge smart contract, expanding blockchain capabilities

Cardano deploys first zero-knowledge smart contract, expanding blockchain capabilities

The Cardano network has reached a significant milestone by successfully deploying its first zero-knowledge (ZK) smart contract on the mainnet. This...