TechFlow news — To further empower the BTC, ETH, and Layer2 ecosystems, the team has announced a comprehensive brand upgrade, evolving into ZKBase. As an infrastructure protocol built on ZK (Zero Knowledge) proof technology, ZKBase is committed to providing more efficient scaling solutions for major blockchains such as Ethereum and Bitcoin, while building a fully decentralized cross-chain and Layer2 ecosystem. The new official website, zkbase.org, has officially launched.
The ZKBase team will launch ZKSwap (Bitcoin), a platform designed for trading BRC20 and other Bitcoin ecosystem tokens, marking the team's first product exploring BTC Layer2 solutions. To further strengthen the ZKBase ecosystem, ZKS tokens will be exchanged for ZKB tokens at a 1:1 ratio. Meanwhile, ZKB will become the core utility token of the ZKBase protocol.
ZKBase will introduce an ERC20-BRC20 cross-chain solution, enabling ZKB holders to benefit from both the ETH and BTC multi-chain ecosystems. Additionally, while preserving existing holder rights, 100% of transaction fees generated by ZKSwap (Bitcoin) will continue to be used for repurchasing and burning ZKB tokens, continuously empowering ZKB holders.
A key milestone is approaching: On December 30, ZKBase will conduct the final burn of ZKS tokens and simultaneously issue a total of 600 million ZKB tokens. Starting January 2 at 8:00 UTC, ZKBase will open the ZKS-to-ZKB token swap channel, allowing users to exchange any amount of ZKS for ZKB via smart contract.
ZKBase will continue deep exploration of Bitcoin network programmability and the potential of ZK-based cross-chain bridges, enabling users' BRC20 and other Bitcoin-native assets to be securely and conveniently transferred across chains to other public blockchains. The ZKBase team remains dedicated to advancing a complete Layer2 ecosystem on the Bitcoin network, creating more use cases and composability options for user assets.
