Secure Your Crypto with ZKSync Wallet - The Ultimate Guide
Cryptocurrency is an increasingly popular way for individuals and businesses to store and move value throughout the global economy. This is why it is so important to secure your crypto as adequately and quickly as possible. ZKSync wallets are designed to facilitate the safe and secure storage of cryptocurrencies.
In this ultimate guide, we are going to go through the steps required to secure your cryptocurrencies safely and quickly with ZKSync.
What is ZKSync Wallet?
ZKSync is a user-centric zk-rollup platform that provides a scaling solution for Ethereum. It is designed to enable low transaction fees, trustless protocols, and cryptographically secure funds like Ethereum mainnet. ZKSync is built on top of Ethereum and uses zk-rollups as the scaling technology, which allows for hundreds of transactions to be batched into one transaction that is verified and secured by Ethereum.
The ZKSync wallet is a web-based wallet that allows users to control their funds on the ZKSync platform. To control an address programmatically, users need to be able to sign a message with it using either native Ethereum signature or via EIP1271 for smart contracts
The Benefits of using ZKSync Wallets?
There are several benefits of using ZKSync Wallet, as mentioned in the search results.
Firstly, ZKSync's technology offers lower gas fees on its layer-two (L2) blockchain, with fees being up to 100 times lower compared to Ethereum while still inheriting the Ethereum mainnet's security. This makes it more cost-effective for users to transact on the ZkSync network.
Secondly, ZKSync Wallet supports decentralized exchange (DEX) trading through integration with popular DEX platforms like Uniswap and SushiSwap, enabling users to trade cryptocurrencies at a lower cost than on the Ethereum mainnet.
Thirdly, ZKSync Wallet supports various Ethereum wallets, including Argent, MetaMask, and others, making it easy for users to connect their existing wallets to the ZkSync network
List of ZKSync Wallets.
There are several wallets compatible with ZKSync. According to the official ZKSync documentation, any Ethereum wallet can safely receive funds from ZKSync, even exchanges and smart contracts, as long as the owner of the address can claim the funds. However, if you are looking for wallets that can be controlled directly from the ZKSync web wallet, you can find an up-to-date list on the ZKSync homepage.
A user on the Storj forum compiled a list of wallets that are compatible with both Storj and ZKSync:
It's also worth noting that ZKSync has its own web wallet that acts as a gateway to the layer-2 solution. This web wallet allows users to check balances, view transaction histories, and manage contacts, among other features.
It’s important to note that there are differences in fees depending on the type of wallet used. ERC-1271 compatible wallets, like Argent, incur a higher one-time fee due to increased interaction with the ZKSync smart contract. In contrast, using a CREATE2 smart-contract-based wallet is cheaper.
In summary, using ZKSync Wallet offers several benefits, including lower gas fees on the L2 blockchain, support for DEX trading, and compatibility with various Ethereum wallets. There are several wallets compatible with ZKSync and any Ethereum wallet can safely receive funds from ZKSync. Additionally, ZKSync has its own web wallet that can be used as a gateway to the layer-2 solution.