zkTube is a Layer 2 network protocol that utilizes ZK-Rollup technology to improve scalability on the Ethereum network by high throughput and reduced cost. It is an Australian company headquartered in Melbourne city that has achieved numerous milestones after being launched in 2020. The company has also extended its network to other countries. Recently, zkTube has launched in Dubai & the U.S. markets. It is also working to officially launch its Hosting Platform very soon, making it easier to become a zkTube node.
The zkTube mainnet is stable with increasingly faster transaction speed
zkTube mainnet was launched on September 10, 2021, as the best Layer 2 scaling solution on Ethereum. It was one of the big achievements of zkTube Labs because it is entirely focused on reducing transaction fees on Ethereum Layer 2 to only 1% of Layer 1. The transaction speed was also one of its primary objectives. zkTube aimed to provide a high throughput of 3,000+ TPS, 200 times faster than on Layer 1.
zkTube succeeded in achieving both goals of increased speed and reduced transaction cost.
The zkTube Mainnet is stable. Based on user feedback, the zkTube technical team is continuously checking, upgrading, and iterating it at each stage; resultantly, the network’s functionality is enhancing. The transaction speed is also progressively getting faster and faster, leaving behind the limitations of Layer 1.
zkTube will develop its on-chain games to layout the GameFi market
GameFi and NFTs are the most trending topics these days. The recent global pandemic is also one of the reasons for such an increased demand for GameFi and NFTs. Many blockbuster games are coming, considering the increasing demand and interest of users across the world. Many existing games are also performing so well, such as Axie Infinity, Crypto Blades, CryptoZoon, etc.
zkTube is highly optimistic about GameFi and NFTs markets. It supports them in both technical and financial grounds via its fast & cost-efficient transactions, and fundings, respectively. Because of its infrastructure, zkTube is considered one of the most preferable platforms by developers for GameFi projects development. Through these projects, zkTube is also focused on the large-scale adoption of ZK-Rollup technology.
zkTube believes that GameFi is the upcoming central scenario for DeFi, NFT, and more extensive cryptography in the blockchain ecosystem. Considering this, the zkTube team will soon develop its own network’s on-chain games and lay out the GameFi market. zkTube is planning to establish a GameFi Layer 2 ecosystem, easily accessible by all in the whole world.
zkTube is invited to the DCentral Miami Conference 2021
Many companies highly appreciate the zkTube and its support towards GameFi & NFTs industries. Recently zkTube was invited by the DCentral Miami Conference. DCentral Miami Conference is one of the world’s largest NFT and DeFi events. The event is organized to celebrate art, creativity, and Metaverse projects intersecting with the future of finance. The conference will be held between November 30 and December 1, 2021, with three different stages and NFT galleries.
zkTube is one of the sponsors of the DCentral Miami Conference. It will be exhibiting and speaking at DCentralCon as VIPs. This conference will be an addition to zkTube global outreach, allowing people to know more about zkTube and its future plans.
zkTube is launched in Dubai and the U.S. markets
The increasing interest of people in the zkTube Labs made zkTube expand its network to other countries. zkTube was planning to open its offices in the United States, Canada, and Dubai.
The good news is, zkTube is launched in Dubai and the United States markets with company establishment. zkTube is utilizing local resources. This launch will further expand the local nodes of zkTube.
zkTube official Hosting Platform will be launched soon
The zkTube team is consistent towards achievements adding more progress to the network. Every week a report is shared by zkTube showing its progress throughout the week.
The technical team of zkTube is now focused on the official Hosting Platform of zkTube. It is expected to launch very soon. The hosting platform will make it easier to become a zkTube node. The number of global nodes will also significantly increase.
zkTube & NULS partnership- Enhanced blockchain services
zkTube has collaborated with many platforms to provide the best services to its users. Recently zkTube has a partnership with NULS. NULS is a platform that empowers the deployment of advanced to develop market-leading blockchain products. It provides fluid, time-saving, and reduced-cost solutions for developers who do not have much blockchain experience.
zkTube, in partnership with NULS, will provide more economical and faster blockchain services to its users. Through its various partnerships and achievements, zkTube is ultimately moving towards its goal to become the most viable technology to promote mainstream blockchain adoption globally.
zkTube rewards distribution of Bounty Program
The zkTube team completed data statistics for the Bounty Program. The swap between ZKTC and ZKT is also completed, and the final rewards will be distributed in ZKT. The rewards of 1 Million ZKTC, equal to 10,000 ZKT, will be shared with 2,000 addresses.
zkTube announced that the ZKT rewards would be directly transferred to the PayTube Layer 2 Wallet of the winner.
However, zkTube is also planning to shorten the unlocking period for users willing to continue contributing.
zkTube- The best Layer 2 environment for payment networks
zkTube is the best Layer 2 scaling solution on Ethereum. It is a protocol based on the PLONK algorithm powered by Zero-Knowledge Rollups. Network congestion, delayed transactions, and high-gas fees have always been problems on Ethereum. zkTube combining cutting-edge cryptography and ZK-Rollup improves the overall throughput of the network providing high transaction speed and reduced cost. It uses SNARK proof to complete transactions quickly in real-time. zkTube utilizes PLONK technology that contains miner codes to provide an environmentally friendly mining mechanism with lower power consumption.
zkTube has simplified the complex transaction completion process that now it has become effortless to undergo transactions between Layer 1 and Layer 2. It runs computation off-chain to avoid overloading the network, which otherwise can cause network congestion leading to high gas prices. Security is also not a problem with zkTube as it ensures 100% on Ethereum mainnet level. PayTube Wallet serves as a gateway between cryptocurrency and open finance. It supports cross-border transactions of more than 3,000 digital assets.
zkTube is currently working on the development of the new version of the PayTube Wallet. The zkTube Pool is under development. zkTube is also focusing on the completion of the development process of Cross-Rollup.
Previous Achievements of zkTube
- zkTube token ZKT got listed on CoinMarketCap, CoinGecko, and KuCoin.
- zkTube was a sponsor of Blockchain Life Event Moscow 2021, which had been a great success.
- zkTube network’s wallet PayTube is connected to Ameegos & KILLAZ, CyberKongz & Riot Racers, 0xAdventure & Avastars, Axie Infinity & Loot, making its ecosystem more diverse and more robust.
- zkTube is a part of Enterprise Ethereum Alliance (EEA).
- zkTube, in collaboration with ONEUNI Capital and ten other institutes, established a seed fund of $10 million to empower GameFi developers.
- The official website of PayTube Wallet has been launched.
- zkTube Global Support Plan has been launched.