ZigZag is a non-custodial and decentralized order book exchange platform that will soon launch on Ethereum’s L2 Starknet. Its underlying mechanism, zk-rollups, is a layer 2 solution to the scalability issue of Ethereum: by “rolling up” all transactions into one single item that requires verification (the rollup block), users are able to trade with near-zero transaction fees while experiencing optimal liquidity on all trades.
Core Features of ZigZag
- Uncapped Security. ZK rollup has no upper bound on the value it can securely handle in L2.
- 10-Minute Finality. All assets can be moved capital-efficiently and fast between ZK rollup and L1.
- 0.5k Gas per transaction. zkSync has the lowest real tx costs across all existing and planned rollups.
- Fairness. zkSync makes Ethereum affordable and therefore accessible to all.
- Inclusion. zKSync is unconditionally permissionless and promises to bring censorship resistance to L2.
- Resilience. zkSync is determined to progressively decentralize the platform in order to avoid any attempted one-party dominance.
With these features, ZigZag is able to execute its philosophy of protecting the ethos of crypto – decentralization, while fulfilling the zkSync vision of mass adoption of Ethereum and true democratization of the crypto market.
ZZ Ecosystem
ZigZag’s Ethereum’s L2 Starknet
ZigZag will be launching on Ethereum’s L2 Starknet, a permissionless decentralized ZK-Rollup. Notably, Starknet solves the scalability issue of L1 by producing STARK proofs off-chain and then verifying those proofs on-chain in one single block (the “rollup block”). Its smart contract technology, StarkNet Contracts, is flexible in its ability to fit all business logic and decreases counterparty risk by relying on algorithms. StarkNet also provides Ethereum-level composability and ensures a smooth and functional developing and innovating experience.
StarkNet has been live on the Ethereum Mainnet since June 2020, powering dYdX, Sorare, Immutable, DeversiFi, and Celer. Starknet expects to soon provide more features such as range of data availability Solutions and permissionless sequencer and prover.
ZigZag Token (Zig Coin or ZZ)
ZigCoin is a native protocol token that aggregates all fees in the ZigZag protocol, essentially functioning as a governance mechanism. However, ZigZag is favorable towards the expansion of the use cases of the token. Its users will have voting rights over the tokens’ use cases, as well as for deciding upon the airdrop. Revenue sharing will be decided by the DAO. Its current market price is $0.016 as of 12:05 AM on July 4th.
How to buy ZigCoin (ZZ)?
You can buy ZigCoin on MEXC following the steps:
1. Log in to your MEXC account and click [Trade]. Click on [Spot].
2. Search “ZigCoin” using the search bar to see the available trading pairs. Take ZZ/USDC as an example.
3. Scroll down and go to the [Spot] box. Enter the amount of ZigCoin you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy ZigCoin] to confirm your order. You will find the purchased ZigCoin in your Spot Wallet.
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