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    ZKsync targets over 10,000 transactions per second with minuscule fees using Elastic Network and ZK Stack by 2025, aiming to unlock $1 trillion in crypto value

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    ZKsync aims to conduct over 10,000 transactions per second with fees as low as $0.0001 by 2025. It plans to utilize its Elastic Network and ZK Stack to facilitate growth in the blockchain industry. ZKsync’s focus on privacy-preserving technology is gaining interest, particularly due to regulatory decisions favoring protocols promoting privacy. Its adoption could potentially unlock $1 trillion for the crypto space.

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    ZKsync is on a mission to handle over 10,000 transactions per second and bring transaction fees down to just $0.0001 by 2025. ZKsync is a cool technology that enhances the capabilities of Ethereum, one of the biggest cryptocurrencies out there.

    They’ve got a plan and they’re following it. According to what they shared in a blog post on December 12, they hope to ramp up their performance to more than 10,000 transactions per second and make transaction fees super cheap.

    ZKsync isn’t just stopping at transaction speed and fees. They’ve got big plans for something they call the Elastic Network and ZK Stack. Their aim is to make these tools the go-to for folks who are building on blockchain.

    In their Dec 12 blog post, ZKsync notes their goal to promote personal freedom for investors and speed up the adoption of cryptocurrencies. They feel that currently, creators have to choose between the user experience, the performance or the security of their platform. ZKsync wants to make it so that you can have it all.

    One of the biggest roadblocks stopping mainstream institutions from entering the Defi space is privacy, or rather, the lack of it. During the FHE Summit 2024, Remi Gai, the founder of Inco, pointed out that to really attract major players, we need to offer a service comparable to what they’re comfortable with now.

    One way to do this is through privacy-preserving technologies like ZKsynс’s technology which has been catching the eye of more and more people in 2024. This is partly because of some recent decisions from the powers that be regarding protocols that focus on privacy.

    In total, embracing technologies like these could end up being worth a ridiculous amount of money for the crypto space, according to Gai. With enough development technically, privacy-preserving technologies alone could unlock $1 trillion in capital for the crypto space.

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