📖Glossary

Learn the vocabularies involved to get up to speed.

What is zkSync?

zkSync is a Layer 2 scaling solution on Ethereum that offers low gas and fast transactions, without compromising on security.

Zero-Knowledge Proof (ZKP)

A zero-knowledge proof is a cryptographic technique that allows one party to prove to another party that a statement is true, without revealing any additional information beyond the truth of the statement itself.

Layer-2 scaling

Layer-2 scaling refers to a range of techniques used to increase the throughput and efficiency of a blockchain network without making changes to the underlying protocol. In this case, Ethereum.

DAO governance

DAO governance refers to a decentralized governance model in which decision-making power is distributed among a community of token holders who collectively manage the direction and development of a project.

Tokenomics

Tokenomics refers to the economic system of a cryptocurrency or token, including its distribution model, use cases, and value proposition.

What is Snark?

Snark Launch is a decentralized launchpad platform built on the zkSync blockchain.

What is a Launchpad?

A launchpad is a decentralized platform to raise funds for early-stage crypto projects from retail investors.

What does Snark do?

It launches new blockchain projects on the zkSync network while also giving new blockchain projects opportunities to accelerate their growth phase.

Users of Snark Launch can participate in any of the launches as long as they hold a set amount of $SNRK tokens. Those users have the benefit of investing in a project at its early stages along with an early token price discount. The launchpad simply bridges investors looking for new trending projects to invest in while giving those new projects a platform to launch and scale their tokens in the easiest and fastest way possible.