ZKsync

Bank

Tornado Cash

Tornado

ZKsync has announced ambitious goals to achieve more than 10,000 transactions per second (TPS) and reduce transaction fees to as low as $0.0001 by 2025.
ZKsync is a <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/a-beginners-guide-on-blockchain-layer-2-scaling-solutions" rel="null" target="null" text="null" title="null">layer-2 (L2) scaling</a> solution that uses zero-knowledge proofs (ZK-proofs) to improve the scalability, security and privacy of the Ethereum mainnet.
In an effort to improve usability, ZKsync aims to boost its performance to over 10,000 TPS and reduce its transaction fees to $0.0001, <a data-ct-non-breakable="null" href="https://zksync.mirror.xyz/QG2Xr4lQdJTbyjeKftPVc6-pj2t9-H9WEGnvCcnusck" rel="nofollow noopener" target="_blank" text="null" title="https://zksync.mirror.xyz/QG2Xr4lQdJTbyjeKftPVc6-pj2t9-H9WEGnvCcnusck">according</a> to a 2025 roadmap shared in a Dec. 12 blog post.
<figure>
 <img alt="ZKsync targets 10K TPS and sub-zero fees by 2025 roadmap goals" src="https://s3.cointelegraph.com/uploads/2024-12/0193bf7c-272f-7d36-9274-02f4cddb33ab" title="">
 <figcaption style="text-align: center;">
 ZKsync roadmap 2025. Source: ZKsync&nbsp;
 </figcaption>
</figure>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ecb-explores-blockchain-mpc-technology" rel="null" target="null" text="null" title="null">European Central Bank is exploring blockchain and MPC technology</a>
<h2 id="zk-stack-and-elastic-network-to-become-top-choices-for-blockchain-builders-in-2025">ZK Stack and Elastic Network to become top choices for blockchain builders in 2025</h2>
The roadmap outlines plans to refine ZKsync’s Elastic Network and ZK Stack, positioning them as preferred tools for blockchain builders.
Achieving over 10,000 TPS with $0.0001 median transaction fees for Ethereum-native ERC-20 tokens by the end of next year would make ZKsync’s technology more appealing to builders.
Advancing the personal freedom of investors and accelerating mass crypto adoption is at the heart of the protocol, wrote ZKsync in a Dec. 12 X <a data-ct-non-breakable="null" href="https://x.com/zksync/status/1867296802665386334" rel="null" target="null" text="null" title="null">post</a>, which said:
<blockquote>
 “Today, Web2 builders are forced to make tradeoffs between Web3’s values and usability, often opting for centralized developer platforms. ZKsync’s answer is to create an elastic, cloud-like development environment without builders to choose between UX, performance, and security.”
</blockquote>
<figure>
 <img alt="ZKsync targets 10K TPS and sub-zero fees by 2025 roadmap goals" src="https://s3.cointelegraph.com/uploads/2024-12/0193bf7b-8465-7b95-8e8b-e6ed56a1534a" title="">
 <figcaption style="text-align: center;">
 ZKsync, Web3. Source: ZKsync
 </figcaption>
</figure>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/chainlink-ccip-live-zksync-cross-chain" rel="null" target="null" text="null" title="null">Chainlink CCIP now live on ZKsync, boosting crosschain interoperability</a>
<h2 id="privacy-preserving-technologies-could-bring-more-mainstream-crypto-adoption">Privacy-preserving technologies could bring more mainstream crypto adoption</h2>
Most mainstream institutions are deterred from joining the decentralized finance (DeFi) space because of a general lack of private states in Web3.
Confidential computing-based technologies could bolster institutional participation and increase liquidity in crypto, according to Remi Gai, the founder of Inco.
During the FHE Summit 2024, Gai told Cointelegraph that privacy is important to institutions:
<blockquote>
 “Institutions are still having a hard time entering the space because everything is transparent. If you enable an experience similar to what they’re comfortable with in Web2, suddenly, this could bring more liquidity, use cases, bigger participants and money to enter the space.”
</blockquote>
<figure>
 <img alt="ZKsync targets 10K TPS and sub-zero fees by 2025 roadmap goals" src="https://s3.cointelegraph.com/uploads/2024-12/0193bf7b-10f2-7649-98c4-71f35b24ec78" title="">
 <figcaption style="text-align: center;">
 Confidential computing is the next frontier of blockchain. Source: Inco
 </figcaption>
</figure>
Confidential computing technologies bring significant possibilities to financial institutions. For example, fully homomorphic encryption (FHE) solutions enable computations to be performed on encrypted data without decrypting it.
Confidential computing could <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/fhe-confidential-computing-unlock-1-trillion-crypto-capital" rel="null" target="null" text="null" title="null">unlock the next $1 trillion </a>worth of capital for the crypto space with continued technological development, according to Gai.
Privacy-preserving technologies like ZK-proofs have received increasing interest in 2024, partly due to the latest regulatory decisions related to privacy-oriented protocols, such as the crypto mixing protocol Tornado Cash.
On Nov. 23, Tornado Cash developer Alexey <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/court-prolongs-tornado-cash-developer-pertsev-pre-trial-detention" rel="null" target="null" text="null" title="https://cointelegraph.com/news/court-prolongs-tornado-cash-developer-pertsev-pre-trial-detention">Pertsev’s pre-trial detention</a> was prolonged while he awaited legal proceedings.
However, in a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tornado-cash-smart-contracts-cant-sanctioned-appeals-court" rel="null" target="null" text="null" title="https://cointelegraph.com/news/tornado-cash-smart-contracts-cant-sanctioned-appeals-court">significant legal victory</a> on Nov. 26, a Fifth Circuit Appeals Court’s three-judge panel said the Office of Foreign Assets Control <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/coin-center-lawyers-argue-tornado-cash-not-property" rel="null" target="null" text="null" title="https://cointelegraph.com/news/coin-center-lawyers-argue-tornado-cash-not-property">exceeded its authority</a> in sanctioning Tornado Cash’s <a data-ct-non-breakable="null" href="https://cointelegraph.com/explained/what-is-a-cryptocurrency-mixer-and-how-does-it-work" rel="null" target="null" text="null" title="https://cointelegraph.com/explained/what-is-a-cryptocurrency-mixer-and-how-does-it-work">immutable smart contracts</a> — reversing a lower court’s decision and granting the platform’s users a partial summary judgment.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/telegram-ceo-arrest-lawyers-debate-is-this-legal/" rel="null" target="null" text="null" title="null">Did Telegram’s Pavel Durov commit a crime? Crypto lawyers weigh in</a>

ZKsync targets 10K TPS and sub-zero fees by 2025 roadmap goals

Table of Contents

Cointelegraph

Other articles published on Dec 13, 2024

Discover the Future of Trading with FATTY and Its FatBot, a Tool Poised for the Top 5 in the Market

WhiteBIT Expands Collateral Asset List: Over 80 Tokens Now Supported

Trump’s Transition Team Proposes Changes to Banking Oversight

IOTA Rebased Proposal Nears Approval: 98% Support Move-Based Smart Contract

A New Era of $WUSD – Revolutionizing Stablecoins with Unmatched Security, Stability and Next-Gen ...

Ledger wallet user reports 10 BTC loss — Community blames phishing

Join our free newsletter for daily crypto updates!