What is Zksync? Zksync, short for Zero Knowledge Sync, is a layer-2 scaling solution for Ethereum that uses zero-knowledge proofs to improve transaction speed and reduce gas fees. It allows users to transfer any ERC-20 token or ether quickly and cheaply, making it an attractive option for decentralized finance (DeFi) users and traders. The Rug-Pulling Incident The Gemholic team's withdrawal of nearly 1,000 ethereum tokens came as a surprise to many in the crypto community. The team had previously locked these tokens in a smart contract, which was designed to release them gradually over time to fund the project's development. However, the sudden withdrawal of these funds has raised suspicions of a rug-pull - a type of scam in which developers abandon a project and take all the locked funds with them. Solidproof's KYC Process Solidproof is a blockchain security firm that offers KYC services to projects and exchanges in the crypto space. Its process involves ve...
Welcome to Daily Crypto Talkies News, your ultimate source for latest and most relevant news, insights, and updates from the world of cryptocurrency. Our blog aims to provide valuable information to crypto enthusiasts for only learning purpose.
Join with us !
Download App Now