Vitalik Buterin first proposed the mechanism, a second layer scaling solution that uses Zero-Knowledge proof to solve the congestion problem of the Ethereum network.
Following the saying of Vitalik Buterin, we joined the Enterprise Ethereum Alliance. It (EEA) can play an important role in standardizing approaches for privacy, permission and providing alternative consensus algorithms to improve its usability in enterprise settings, and the resources the project and its members are contributing should accelerate the advancement of the Ethereum ecosystem generally.
“With Vitalik’s endorsement of this technology, we believe that we offer an exceptional investment opportunity in the future of the world’s largest blockchain and host to the DeFi movement, which is why I joined the zkTube Labs team”, said Mr. Daniel Puzny, CEO at zkTube.
zkTube takes security assurance very seriously and ensures 100 % security at the level of the Ethereum mainnet. On the zkTube network the massive calculation and data storage operation process on Layer 2. A large number of transactions are bundled into a single block, and the zero-knowledge proof is generated. Finally, all of them are sent to Layer 1 for verification, which improves the TPS of our whole network and guarantees security.
PayTube Wallet — our network’s wallet is a web3.0 application. It is an open-source, non-custodial wallet that leverages private key encryption, PINS, and biometric authentication for enhanced security and transparency. Besides Deposit, Transfer and Withdraw, PayTube Wallet also provides services such as prepaid cards jointly with Visa to provide the most feasible payment method for millions of users globally. We hope that it will be a great gateway to decentralization finance reshape the concept of encrypted wallet.
We are also delivering significant advantages in the implementation of metaverse for both technical users and ordinary users. We provide a place where users can interact with each other, create personal images, build houses on their digital land, and participate in entertainment activities. ZKT, our native token, is used for all transactions.
We started in 2020 but achieved many milestones in a short period (2021). We assume to be an excellent solution for application scenarios with higher requirements regarding the transactions receipt, timeliness, and high-throughput Dapp.
Since we are brilliant in the Layer 2 environment, soon we will essentially attract the financial institutions to move onto Ethereum in one way or another.
The EEA membership base represents hundreds of companies from every region of the world across a wide variety of business sectors, including technology, banking, legal, government, healthcare, energy, pharmaceuticals, marketing, and insurance. The EEA’s industry-focused, member-driven Special Interest and Technical Working Groups define market requirements needed to contribute to future versions of the EEA specification, helping to scale the number of market categories the specification supports. The EEA specifications and related materials are available for public download on the EEA website at entethalliance.org.
About the EEA
The EEA is a member-driven, standards organization whose charter is to develop open, blockchain specifications that drive harmonization and interoperability for businesses and consumers worldwide. Our global community of members is made up of leaders, adopters, innovators, developers, and businesses who collaborate to create an open, decentralized web for the benefit of everyone. For additional information about joining EEA, please reach out to firstname.lastname@example.org or visit www.entethalliance.org.
zkTube is a Layer 2 protocol company headquartered in Melbourne, Victoria. We are the first company to employ the PLONK algorithm powered by ZK-Rollup technology. Using this technology, we can easily solve problems of congestion, capacity expansion, data availability, and privacy for Ethereum. ZK-rollups run computation off-chain and submit validity proof to the chain. They do not require transaction data. Therefore, validation of block is quicker and cheaper.
Utilizing the power of Zero-Knowledge proof, we have revolutionized crypto payments. zkTube can settle transactions off-chain, thereby reducing costs to fractions of a cent. The transaction flow is sped up with 2,000+ TPS (Transactions per second), and zkTube ensures 100% security at Ethereum mainnet level.