ZKFair provides a community-owned Layer 2 solution using ZK-Rollup technology. ZK-Rollups are a scalability technique that enables transactions to be verified on a second layer while maintaining the security and decentralization of the main layer.
ZKFair distinguishes itself as the first ZK-Rollup project that is 100% fair, transparent, and democratic. It distributes all its tokens and profits to the community, setting it apart from other ZK-Rollup projects that profit from user transaction fees without offering reciprocal rewards.
ZKFair is based on the Polygon CDK and Celestia DA and is powered by Lumoz, a ZK-RaaS (Zero-Knowledge Rollup as a Service) provider. It uses the stablecoin USDC as its gas token and ensures full EVM (Ethereum Virtual Machine) compatibility, offering exceptional performance with minimal fees and robust security.
The ZKF token, which is the governance token of ZKFair, allows holders to participate in the decentralized governance of the platform. This includes electing Community Governance Representatives and making decisions on major matters. Token holders are also entitled to a share of the Layer 2 gas fees.
