zkSync is a ZK rollup, a trustless protocol that uses cryptographic validity proofs to provide scalable and low-cost transactions on Ethereum. In zkSync, computation is performed off-chain and most data is stored off-chain as well. As all transactions are proven on the Ethereum mainchain, users enjoy the same security level as in Ethereum. Thanks to the combination of cutting-edge cryptography and on-chain data availability, ZK rollups (the core network of zkSync) are the only L2 scaling solution that doesn't require any operational activity to keep the funds safe.
FUNDING
As of 2024, zkSync has raised a total of $708M. Lead investors: DragonFly Capital, Blockchain Capital, Andreessen Horowitz (a16z) and more.