zkSync, a blockchain network that aims to make digital self-ownership universally accessible, has announced a major cryptographic upgrade to its proof system. The upgrade involves transitioning to a new STARK-based proof system called Boojum, which, according to the announcement, offers world-class proving performance and reduces hardware requirements for decentralization. zkSync Era Moves To Boojum Boojum…
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ZkSync, the Ethereum Zero-Knowledge Layer-2 scaling solution, has been in the spotlight for its new token. Last week, the project’s announcement of its ZK token airdrop was met with backlash from investors and the crypto community. Related Reading Following the backlash, crypto exchange Binance announced it would list ZK and offered a new distribution program…
This week, another airdrop controversy has sent the crypto community into havoc. Omnichain interoperability protocol LayerZero recently announced its ZRO Token launch alongside an Airdrop for its community. Related Reading However, investors were shocked when the protocol announced the new ‘Proof-of-Donation’ mechanism. The token’s price has dropped over 20% after launching. LayerZero Faces Backlash For…