Project overview zKtube (ZKT)

5 min readJul 26, 2021

zKtube is a project that is working on a solution to the scalability problems of the Ethereum blockchain.
Their vision is to improve scalability through proof of stake sidechains and they believe that once the scalability issues are resolved we will also get lower transaction fees, faster confirmation and several other benefits.
However, how is this project different from other scalability solutions?

The goal of zKtube

In addition to solving scalability issues, zKtube also focuses on improving usability without sacrificing the benefits of decentralization. They also hope to leverage the existing developer community in providing improved dApp functionality and improved user experience.
The founders of the Matic Network found that while dApps were being proposed and developed in large numbers, the networks they ran were barely prepared to support mass adoption of dApps. Plus, in many cases, the user experience is pretty poor and dApps aren’t designed to fit the average user.

Developers have begun rolling out work on the rinkeby testnet. Although it is an adapted version of the Plasma network, the zKtube development team eventually envisioned its use as a sidechain scaling solution for any blockchain.

Testnet zkTube was launched on April 27, so far, the system has been working normally. Meanwhile, the technical team is also constantly optimizing various data and functions, solving problems during testing, and constantly updating the version to improve stability and performance. other system capacity.

Solving blockchain challenges

Despite how advanced blockchain technology has become, there are still some problems they face. In some cases, trying to improve on one challenge can lead to potential sacrifices on other features.
The zKtube has looked at all the challenges that blockchains are currently facing and has attempted to address these challenges through several solutions.

Size of the blockchain

Because public blockchains require each node to manage a full copy of the blocks and state of the chain, as time goes on and the blockchain grows larger, fewer nodes tend to participate, which threatens threaten the decentralization of the blockchain.
In the case of zKtube, the main class can store only blocks from the last checkpoint to the most recent checkpoint. It is able to do this because all previous blocks have been sent to the main chain which also contributes to better security for users.

Poor usability

So far most dApp UIs have been pretty poor compared to their established centralized counterparts. This needs to change. If mass adoption is to happen, the dApp user experience needs to be as good or better than current centralized apps.
The zKtube team is working on creating web and mobile browser integrations and protocols to improve usability in a secure interactive environment for dApps.

What is Paytube?

PayTube is the first ETH 2.0 smart wallet built on zktube, with this L2 solution providing the same security guarantees as the Ethereum mainnet and a massive increase in scalability: Layer 2 protocol to achieve transaction fees low translation and increased ETH and ERC20/ERC721 transaction throughput by 200 times the original Layer 1 transaction.
PayTube was created based on a simple principle: wallets are the indispensable entrance and exit of the entire ecosystem.
PayTube Wallet is a Web3.0 application on the zkTube network, users can access the wallet through any Ethernet Square Dapp. activities. PayTube Wallet is a free hosted decentralized wallet that should be kept private by users in the first version.

Road map

• Testnet to be launched on April 27, 2021
• Testnet POS Mining to launch on May 30, 2021
• Paytube wallet will launch on June 30, 2021
• zkTube Mainnet Launched June 30, 2021
• Miner Voting Date, July 1, 2021 (Testnet miners will be invited to vote, regarding the mining launch date)
• Solidity support for Smart Contracts August 1, 2021
• Layer2 Dex Support September 30, 2021
• Support for cross aggregation November 30, 2021

Partnerships

Bagels Finance — the first cross-chain leveraged liquidity mining protocol based on Ethereum Layer2, BSC and HECO have established a partnership with ZkTube — a Layer 2 protocol using Zero-Knowledge and identity proof mechanism. low fee transaction, fast processing time between ETH and ERC20. The Layer 2 Etherum solution is a key component in the DeFi sector. ZkTube will be the perfect bridge to further enhance interoperability between Bagels and the etherum network.

The ZkTube engineering team accessed the Uniswap V3 Hackathon Granted to accelerate the development of the V3 version.
Deploying Uniswap V3 on Layer 2 will introduce more applications to zkTube and the zkTube Protocol will provide more products in the Defi sector with extended services. It will help Uniswap V3 explore the scalability, cost, privacy and security of ETH to improve capital efficiency and liquidity, reduce oracle gas consumption, and improve cost levels.

2021–04.08 16:00 AEST (GMT + 10), zkTube has been awarded a public donation and project referral from the Ethereum Foundation.

Additionally, it has been recognised by users and developers from different countries around the world, such as Australia, China, France, Arabia, Vietnam, and India to name a few. Following that, users from other countries have also spontaneously formed communities to promote the operation of the zkTube Protocol.