The decentralized exchange aggregator (DEX) Network 1 inch has expanded its cross -chain exchange capabilities integrating ZKSYNC, a layer 2 scale solution so that Ethereum provides faster and more cheaper transactions when moving cryptography between different networks.
The integration, announced through a press release shared with Coindesk, allows its users to execute cross -chain swaps that involves Zksync. 1 inch
“With minimized cross -chain swaps without Bridgess now available in the ZKSYNC era, 1 inch awaits a notable increase in commercial volumes and user adoption,” said Sergej Kunz, co -founder of 1 inch to COINDESK.
The 1 inch system offers an alternative to the traditional bridge. The network rates are covered by “resolutors” instead of the users themselves. These resolutions, which must have 1 inch tokens to have that state, compete with each other to ensure that users obtain the best possible rates.
“The lowest rates, the fastest purpose and improved safety should attract defi users already experienced the newcomers, feeding the broader participation of the market and the growth of liquidity in the 1 -inch ecosystem”, “Kunz
Built with zero knowledge technology, a type of layer 2 scale system, ZKSYNC offers significantly lower gas rates compared to the Ethereum main network while increasing transaction speeds. Despite these speeds of speed and costs, take advantage of the safety of the Ethereum block chain.
The Zksync roadmap shows that the network aims to reach 10,000 transactions per second and is exploring technologies that could eliminate transaction rates in the future.
More recently, the Swiss Banking Giant UBS said Zksync’s technology for one of its gold -backed financial products is testing.
