1. PixelPlaygroundHome
  2. Metaverse Insights

BitKeep Swap adds support for zkSync Era Cross Chain Transactions

• Metaverse Insights • 156 views

On April 12th, Web3 Multi Chain Wallet BitKeep announced that BitKeep Swap has added support for zkSync Era across chains by aggregating services from Multichain and SWFT, enabling

BitKeep Swap adds support for zkSync Era Cross Chain Transactions

On April 12th, Web3 Multi Chain Wallet BitKeep announced that BitKeep Swap has added support for zkSync Era across chains by aggregating services from Multichain and SWFT, enabling cross chain transactions between zkSync Era and Ethereum, BNB Chain, Tron, Polygon, Arbitrum, Optimism, and others. At the same time, SyncSwap will also be integrated into BitKeep Swap. At present, the BitKeep K-line market function also supports zkSync Era main network tokens.

BitKeep Swap cross chain support added for zkSync Era

In the world of cryptocurrency, the ability to move assets between different blockchains, known as ‘cross-chain transactions,’ is becoming increasingly important. And on April 12th, Web3 Multi Chain Wallet BitKeep announced that BitKeep Swap has added support for zkSync Era across chains by aggregating services from Multichain and SWFT, enabling cross chain transactions between zkSync Era and Ethereum, BNB Chain, Tron, Polygon, Arbitrum, Optimism, and others. In this article, we explore the significance of this development and its potential impact on the wider world of blockchain.

What is zkSync Era?

Before we delve deeper into the implications of BitKeep Swap’s new cross-chain functionality, let’s first take a closer look at zkSync Era. zkSync Era is a Layer 2 scaling solution for Ethereum that aims to drastically improve transaction throughput while reducing gas fees. It achieves these goals by using zk-rollups, a technology that allows multiple Ethereum transactions to be bundled into a single transaction on the blockchain. By doing so, zkSync Era can process up to 2,000 transactions per second (tps), compared to Ethereum’s current rate of around 15 tps.

Why is cross-chain functionality important?

Cross-chain transactions have been a highly sought-after feature in the blockchain industry for several reasons. Firstly, they allow users to move assets between different blockchains without having to go through a centralized exchange, which can be costly and time-consuming. Secondly, cross-chain functionality can help to improve overall blockchain interoperability, making it easier for different networks to communicate with each other. Finally, cross-chain transactions can help to reduce congestion on individual blockchains, improving overall performance and user experience.

What does BitKeep’s new functionality mean for zkSync Era?

BitKeep’s addition of cross-chain functionality for zkSync Era is significant because it opens up new possibilities for users of the platform. For example, users of Ethereum, BNB Chain, Tron, Polygon, Arbitrum, Optimism, and other chains can now easily move assets between these networks and zkSync Era using BitKeep Swap. This will help to increase zkSync Era’s liquidity and usability, which could further drive adoption of the Layer 2 scaling solution.
Furthermore, the integration of SyncSwap into BitKeep Swap will provide users with even greater flexibility and choice when it comes to cross-chain transactions. SyncSwap is a decentralized exchange (DEX) that enables users to trade assets within the zkSync network. By integrating SyncSwap into BitKeep Swap, users of the Multi Chain Wallet will be able to access a wider range of trading pairs and liquidity pools.

Conclusion

BitKeep’s integration of zkSync Era into its BitKeep Swap platform is a significant development for both the Multi Chain Wallet and the wider blockchain industry. By adding cross-chain functionality, BitKeep is helping to improve overall blockchain interoperability and making it easier for users to move assets between different networks. The integration of SyncSwap into BitKeep Swap will provide users with even greater flexibility and choice when it comes to cross-chain transactions. Overall, this development could help to drive adoption of zkSync Era and Layer 2 scaling solutions more broadly.

FAQs

**1. What is BitKeep Swap?**
BitKeep Swap is a decentralized exchange aggregator that enables users to swap tokens across multiple chains and liquidity pools.
**2. What is zkSync Era?**
zkSync Era is a Layer 2 scaling solution for Ethereum that improves transaction throughput and reduces gas fees by using zk-rollups.
**3. What is SyncSwap?**
SyncSwap is a decentralized exchange (DEX) that enables users to trade assets within the zkSync network.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/20664/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 04/12/2023 10:55
Next 04/12/2023 11:24

Recommended articles