From 4238df91c4ca5cb81a6e41d5ad481e5854b5de05 Mon Sep 17 00:00:00 2001
From: Nhlanhla Hasane <39124120+NhlanhlaHasane@users.noreply.github.com>
Date: Thu, 26 May 2022 12:53:42 +0200
Subject: [PATCH] Create zk-Sync.md

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+---
+id: zkSync-doc
+title: zkSync
+sidebar_label: zkSync
+---
+
+### Descriptipn
+
+zkSync is a scaling and privacy engine for Ethereum. Its current functionality scope includes low gas transfers of ETH and ERC20 tokens in the Ethereum network,
+atomic swaps & limit orders as well as native L2 NFT support. This is a high-level description of the zkSync development ecosystem.
+
+zkSync is built on ZK Rollup architecture. ZK Rollup is an L2 scaling solution in which all funds are held by a smart contract on the mainchain, 
+while computation and storage are performed off-chain. For every Rollup block, a state transition zero-knowledge proof (SNARK) is generated and verified 
+by the mainchain contract. This SNARK includes the proof of the validity of every single transaction in the Rollup block. Additionally, the public data 
+update for every block is published over the mainchain network in the cheap calldata.
+
+This architecture provides the following guarantees:
+
+1. The Rollup validator(s) can never corrupt the state or steal funds (unlike Sidechains).
+2. Users can always retrieve the funds from the Rollup even if validator(s) stop cooperating because the data is available (unlike Plasma).
+3. Thanks to validity proofs, neither users nor a single other trusted party needs to be online to monitor Rollup blocks in order to prevent fraud (unlike payment channels or Optimistic Rollups).
+
+In other words, ZK Rollup strictly inherits the security guarantees of the underlying L1
+
+### Capabilities
+
+First of all, zkSync, as a scaling solution, is capable of making transfers, and doing them quick and cheap.
+Secondly, zkSync is smart-contract friendly. Targeting 2021, it will be possible to either write contracts in Zinc, Rust-based type-safe programming language, or even reuse existing Solidity code. 
+Thirdly, zkSync is friendly for exchanges. Atomic swaps — an essential component of exchange protocols — are already available on mainnet!
+Fourthly, zkSync has native support of NFTs.
+Finally, zkSync support is implemented for all the main platforms. 
+
+### Theoretical Max Transactions Per Second
+
+20000 tps
+
+### Measured Max Transactions Per Second
+
+2000 tps
+
+### Transaction Costs/fees
+- send token cost = $0.05
+- swap token cost = $0.12
+
+### Consensus Mechanism
+-  It is achieved by introducing an independent consensus mechanism for block construction with two different roles: Validators and Guardians
+
+### Transactional Token
+
+- What token is used to pay for gas on the chain?
+Transfers in zkSync support "gasless meta-transactions": users pay transaction fees in the tokens being transferred. Thus, for example, 
+if you want to transfer DAI stable-coin, there is no need for you to own ETH or any other tokens. Just pay your fees in a fraction of DAI.
+
+### Links
+
+-[zkSync 2.0](https://v2.zksync.io/) <br />
+-[zkSync Documentation](https://docs.zksync.io/userdocs/)