Based on the available information, ZKBase is a project developed by the L2 Labs Foundation, with Alex Lee serving as the lead developer. Alex Lee is an expert with extensive experience in zero-knowledge proof research and smart contract development. ZKSpace employs approximately 20 skilled blockchain developers, many of whom have been active in the crypto industry since 2013. The team is backed by investors from prominent Chinese venture capital firms, including Bixin Capital, FBG Capital, and Longling Capital.

ZKBase is an Automated Market Maker (AMM) modeled Layer-2 decentralized exchange (DEX) that utilizes ZK-Rollups technology, a scalable solution for the Ethereum network grounded in zero-knowledge proof. Compared to other solutions, ZK-Rollup offers distinct advantages including enhanced security, reduced costs, increased transactions per second (TPS), and improved privacy. This technology significantly alleviates the load on the main network by aggregating transactions and performing certain computations off the Ethereum blockchain. ZKBase is a decentralized, community-led project. The platform provides numerous benefits: it is decentralized, granting users complete control over their assets; it requires no authorization for transactions; it ensures a highly liquid process while maintaining a stable level of confidentiality; it delivers ultra-high TPS due to the use of ZK-Rollup technology; and it allows liquidity providers and users to avoid paying high gas fees. ZKBase operates as follows: the protocol is accessible via the application at zks.app, and users need an Ethereum wallet to connect. Users trade tokens through Ethereum smart contracts and contribute assets to the ZKSpace liquidity pool. The ZK-Rollups system consolidates and processes user transactions off-chain at Level-2, synchronizing them with the main network, thereby circumventing low Ethereum throughput and high fees. The architecture of ZKBase comprises a user interface (UI), on-chain smart contracts, and an off-chain ZKSpace server, which includes a memory pool, block proposer, state keeper, and prover server. The ZKSpace server is responsible for managing all off-network transactions. The technological foundation of ZKBase is twofold: the Layer-2 server and the Plonk zero-knowledge proof system. Due to WebSocket technology, the ZKBase server interacts with platform users, and the interface includes a transaction tracking function. All approved requests enter the ZKSpace memory pool and are processed by the swap engine. The ZKSpace zero-knowledge proof system employs a distributed architecture and side-by-side developments to produce proofs, specifically using the zero-knowledge proof algorithm known as Plonk. The ZKSpace status tree maintains a comprehensive record of all account balances within the system.

ZKB is an ERC-20 token issued by the ZKBase project, featuring a maximum supply of 1,000,000,000 tokens. The distribution of ZKB is structured as follows: 60% allocated to community mining; 15% reserved for the ZKBase team; 8% directed toward ecosystem developers and ecosystem growth; 6.7% designated for angel investors; 5.3% for prospective A-round investors; 4% allocated to initial liquidity; and 1% for advisors. ZKB plays a crucial role within the ZKBase system and can be utilized in the following contexts: Governance: ZKB holders have the ability to propose updates and improvements to the protocol. Every token holder is entitled to vote, and proposals that secure a majority vote are adopted, with the development team responsible for their implementation. Voting/Pledge for Listing: The platform allows for limited trading pairs, with exceptions for those established by the ZKBase team. ZKB holders participate in voting and have the opportunity to propose listings. By achieving a majority of votes, holders can list a coin. Additionally, users possessing a substantial amount of ZKB can pledge their tokens for listing purposes.

ZKBase deploys an array of smart contracts on the Ethereum blockchain, serving as the crucial link between Ethereum and the ZKBase exchange server. These contracts are responsible for storing tokens, updating balances, and providing a secure environment. The liquidity and security of ZKBase are upheld by the users of the exchange through community mining. Participants in this process earn rewards in ZKS tokens. Community mining encompasses several activities: provision of liquidity (Proof-of-Liquidity-Mining or PoL), payment of commissions on the Ethereum network (Proof-of-Gas or PoG), generation of zero-knowledge proofs (Proof-of-ZK-Snarks or PoZK), and trading on ZKSpace (Proof-of-TransFee or PoT). Additionally, ZKBase implements ZKS staking, specifically smart contract staking. The Proof-of-Stake (PoS) consensus mechanism plays an active role in this process. This approach helps the blockchain confirm transactions and mitigate issues. PoS reduces the risks of cyber attacks by discouraging miners from engaging in fraudulent activities.

The ZKSpace exchange distributes ZKS tokens to participants in airdrops and community mining activities. ZKS is also available for trading on major cryptocurrency exchanges, including Huobi Global, Gate.io, Uniswap (V2), Poloniex, ProBit and ProBit Global, LBank, BitWell, BitZ, 1inch Exchange, BiKi, CoinTiger, Hotbit, Pionex, Bilaxy, HitBTC, Huobi Indonesia, CoinW, TokenIon, WBF Exchange, MEXC, CoinBene, and Jubi. For information on cryptocurrencies, refer to the blog on Eulerpool. Additionally, you can find more guidance on purchasing Bitcoin or converting fiat currency into cryptocurrency.