The Growth of Single Addresses on the zkSync Era Chain

According to reports, according to Dune data, as of March 30, the number of single addresses on the zkSync Era chain had reached 160351, and 34188 ETHs had entered the zkSync Era network across the chain, with an average of about 0.2 ETHs stored per address.

The number of primary network addresses of zkSync Era has exceeded 160000, and the number of cross chain ETHs has exceeded 34000

With the advent of blockchain technology, people are now able to send and receive digital currencies without any intermediaries. One of the most well-known blockchains is Ethereum, which has developed an advanced counterpart known as zkSync Era. According to reports, as of March 30, the number of single addresses on the zkSync Era chain had reached 160,351, and 34,188 ETHs had entered the zkSync Era network across the chain, with an average of about 0.2 ETHs stored per address.

What Is zkSync Era?

zkSync Era is a Layer-2 scaling solution that is built on top of the Ethereum blockchain. The zkSync Era chain is designed to enable faster and cheaper transactions on the Ethereum network. The zkSync Era protocol employs the use of zero-knowledge proofs, which allows for transactions to be processed without revealing any information about the sender or recipient. This, in turn, makes the network more secure and private, while still maintaining a high level of transparency.

The Growth of Single Addresses on the zkSync Era Chain

With the increasing popularity of blockchain technology, it is no surprise that the number of single addresses on the zkSync Era chain continues to grow. According to reports, as of March 30, 2021, the number of single addresses on the zkSync Era chain had reached a total of 160,351. This indicates that more and more people are starting to use the zkSync Era network for their digital currency transactions.

The Amount of ETHs Stored on the zkSync Era Network

In addition to the growing number of single addresses on the zkSync Era chain, there has also been a significant increase in the amount of ETHs being stored on the network. According to reports, as of March 30, 2021, there were 34,188 ETHs stored on the zkSync Era chain. This averages out to around 0.2 ETHs stored per address. This also indicates that people are using the network to store their digital currency, which is a positive sign for the growth of the zkSync Era network.

The Benefits of the zkSync Era Network

The zkSync Era network provides several benefits to users. Firstly, it allows for faster and cheaper transactions. Because the network is built on top of the Ethereum blockchain, it inherits the same security and trust that Ethereum provides. However, because the zkSync Era network is a Layer-2 scaling solution, it is able to process transactions faster and at a lower cost than the main Ethereum network.
Another benefit of the zkSync Era network is its use of zero-knowledge proofs. Zero-knowledge proofs allow for transactions to be processed without revealing any information about the sender or recipient. This makes the network more secure and private, while still maintaining a high level of transparency.

Conclusion

The growth of single addresses on the zkSync Era chain and the amount of ETHs being stored on the network indicates that people are starting to use the zkSync Era network for their digital currency transactions. The benefits of the network, such as faster and cheaper transactions and the use of zero-knowledge proofs, make it an attractive option for individuals and businesses alike.

FAQs

Q1. What is zkSync Era?

zkSync Era is a Layer-2 scaling solution that is built on top of the Ethereum blockchain. It is designed to enable faster and cheaper transactions on the Ethereum network.

Q2. What are the benefits of the zkSync Era network?

The benefits of the zkSync Era network include faster and cheaper transactions, the use of zero-knowledge proofs to maintain privacy, and the same security and trust provided by the Ethereum blockchain.

Q3. Why is the growth of single addresses on the zkSync Era chain important?

The growth of single addresses on the zkSync Era chain indicates that more and more people are starting to use the zkSync Era network for their digital currency transactions. This is a positive sign for the growth of the network.