ZKFair (ZKF) Price

ZKFair is an Ethereum Layer 2 ZK Rollup solution. Rollup is an essential feature of Ethereum Layer 2, designed to alleviate congestion on the Ethereum mainnet. In simple terms, Layer 2 batches transaction data and then updates it on the Ethereum mainnet to reduce the load on Ethereum.

There are many Layer 2 projects on Ethereum, and larger projects generate larger amounts of data to be batched. The most significant issue is the significant delay when tokens are bridged from Ethereum Layer 2 to Layer 1. The solution to this problem is to use Zero Knowledge, which enables partial data retrieval without downloading the entire block's data. This is where ZK Rollup technology comes into play. Using ZK Rollup technology speeds up data verification, reduces node stress, and currently, Celestia is adopted in the context of ZK Data Availability.

ZKFair utilizes the Polygon SDK and Celestia to provide a ZK Rollup solution. Revenue is generated from Layer 2 and cross-chain Gas Fees. ZKFair primarily uses USDC as the Gas fee.

ZKF Token Distribution

ZKF is the sole token of ZKFair, following the token distribution model of the Bitcoin ecosystem, where 100% of the tokens are distributed to the community. Therefore, users who have previously staked Celestia or have interacted on ZKFair can convert Gas Fees into ZKF through a specific ratio for airdrops.