The Decentralized Exchange (DEX) Aggregator 1inch Network expanded the capabilities of cross-chain replacing by integrating Zksync, a layer-2 scaling solution for Ethereum to provide faster and cheaper transactions when moving between of different networks.
Integration, announced by a press release shared with CoinDesk, allows its users to seamless to carry out cross-chain swaps involving Zksync. 1inch said this feature, strengthened by the “Fusion+” technology and launched in Beta in September, facilitated millions of trading quantities.
“Through Bridgeless, the trust-minimized cross-chain swaps now available during the Zkssync period, 1inch expects a well-known revolt to trade volumes and user adoption,” Sergej Kunz Kunz said , co-founder of 1inch in CoinDesk.
The 1inch system offers an alternative to traditional bridging. Network fees are covered by “resolvers” instead of the users themselves. These resolvers, which must stake the 1inch token to have that status, compete with each other to ensure that users get the best possible rates.
“Lower fees, faster ends, and improved security should attract both seasoned defi users and newcomers, which produce greater market participation and the growth of liquidity throughout the 1inch ecosystem, “Kunz
Built using Zero-Knowledge technology, a type of Layer-2 scaling systemZKSYNC offers significant lower gas fees compared to the main Ethereum network while strengthening the transaction speed. Despite these speeds and costs, it uses the security of the Ethereum blockchain.
Zkync’s roadmap Shut up That the network aims to reach 10,000 transactions per second and exploring technologies that can eliminate future transaction fees.
Most recently -but, the giant banking banking said this UBS Test Zksync technology for one of the golden gold products.
