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About ZKsync
ZK is the native utility and governance token of ZKsync, a Layer 2 scaling solution for Ethereum developed by Matter Labs. It utilizes zero-knowledge proofs (specifically SNARKs) to provide high transaction speeds and low costs while inheriting the security of the Ethereum mainnet. The ZK token serves as the primary mechanism for network participation, incentivization, and decentralized governance within the ZKsync ecosystem, including its role in the ZK Stack—a modular framework for building sovereign ZK-powered chains. It is used to facilitate transactions, secure the network, and participate in protocol upgrades.
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