Zero-knowledge rollups or Zk rollups are Layer 2 scaling solutions that enable blockchains to process transactions quickly while keeping gas charges to a minimum. Zk rollups outperform standard Layer 1 blockchains like Ethereum in that they mix on and off chain activities. Zk rollups are extremely common with developers looking to improve the usability, as well as investors and traders looking for faster, cheaper transaction processing. Due to the use of Zk rollups, solutions like Zcash are becoming more and more popular with investors. With the increase in utilization in Zk rollups, there are two coins with enormous potential for value growth.
Immutable X (IMX/USD)
Immutable X is a Layer 2 scaling solution for Ethereum NFT trading. It uses ZK rollups to provide quick trade confirmation, over 9,000 transactions per second, and no gas costs. Since Immutable X is a Layer-2 for Ethereum, ownership of NFTs is not affected as it inherits the security and finality of the Ethereum blockchain. There are several advantages that IMX offers, such as - Zero gas fees for peer-to-peer transactions. Also, it can process up to 9000 transactions per second and you can set up your own trading fees. IMX is listed on Kucoin and has enormous potential for the future.
2. Mir Protocol (MIR / USD)
Mirror Protocol is a DeFi platform that enables users to create synthetic assets, which are crypto tokens that reflect the price of real assets such as stocks. Synthetic tokens offer investors exposure to the price of the real assets they represent without forcing investors to own those assets. As a result, traders who are normally excluded from trading certain underlying assets due to geographic restrictions or lack of capital can benefit from their price changes. MIR could at least double in the coming months as occupancy increases.
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