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Layer 2 scaling solutions have been growing in popularity over the last few years, largely due to Ethereum’s (ETH) exorbitant transaction fees and network congestion. These solutions are typically highly cost-effective and achieve scalability levels that the Ethereum network can’t even hope for. Unfortunately, Layer 2 platforms aren’t flawless, and tend to feature weaknesses such as lack of sufficient decentralization in some parts of their architecture, as well significant concentration of revenue in the hands of network operators.
ZKFair (ZKF) is a revolutionary Layer 2 solution that addresses these drawbacks by focusing on maximum decentralization and community involvement. It launched its testnet and subsequent mainnet operations in December 2023, followed by a 100% fair token distribution event. As of early January 2024, the platform is in its initial period of operations but has already made quite an impression on industry observers and decentralization enthusiasts.
Key Takeaways:
ZKFair is a zero-knowledge, proof-based Layer 2 platform that aims for complete decentralization and sharing of all revenues with its user community.
The platform completed its token distribution on Jan 11, 2024. All of the supply was fairly allocated to users, with no investors, team allocations, vesting schedules or other preferential treatment mechanisms.
Its native token, ZKF, can be traded on Bybit as a Spot pair (ZKF/USDT). From Jan 5 to Jan 19, 2024, you can also participate in the Bybit ZKFair listing event to win from a prize pool of 180,000 USDT.