The World Forum of Ethereum Scaling & Upgrading 2021-zkTube Labs Scaling Solution Release Conference, co-organized by zkTube Labs Global Alliance and the core development team of zkTube Labs, assisted by the zkTube Global Communities, undertook by the HotChain Media was successfully held at W Hotel on the Bund in Shanghai on July 19, 2021. Here are some of the highlights.
Special Guest of the meeting: Mr. Jing Gang, Commissioner of China Council for the Promotion of International Trade
After the opening of the meeting, Mr. Jing Gang, Commissioner of China Council for the Promotion of International Trade delivered a speech to the attendees. In his speech, Mr. Jing Gang mentioned that the consensus system of distributed technologies is the basic point that will form the future network and will be the new critical infrastructure that will further accelerate the development of the digital economy. We should give full play to the technological advantages, take the lead in achieving technological innovation, and then achieve industrial integration.
zkTube Chinese Community Technical Advisor Mars:
How zero-knowledge proof changes the industry？
zkTube Chinese Community Technical Advisor Mars delivered a keynote speech on the application of zero-knowledge proof technology in zkTube to the audience. He introduced the origin of the zero-knowledge proof and consensus verification method in detail and made a comprehensive explanation of the application mode of zkTube Protocol and decentralized design.
zkTube China Community Promotion Ambassador Li Pike:
zkTube initiates a new Layer 2 ecology.
zkTube China Community Promotion Ambassador Li Pike shared the background source and introduction of zkTube. He comprehensively analyzed the ecological volume of the blockchain main network and the urgent need for scaling, and delivered a perfect answer with the core solution of zkTube.
For the live streaming part, there were four guests from overseas to answer the questions from the hostess.
James Harsh, Enterprise Ethereum Alliance Committee Member: We are very willing to help innovators like zkTube with our resources.
James Harsh first introduced the origin and purpose of the EEA, which mainly realizes the technological innovation of the blockchain industry to feed the Ecology of Ethereum by combining with global Internet enterprises.
Within the EEA framework, internationally renowned enterprises like Accenture, Aion Foundation, Santander, BlockApps, BNY Mellon, ConsenSys, Ethereum Foundation, J.P.Morgan and Microsoft will work with zkTube to open up more possibilities.
He emphasized that Layer 2 is an important step in the evolution of Ethereum, and EEA is willing to help the zkTube Labs team expand in all aspects through various resources. And he is looking forward to cooperating with zkTube shortly.
Moayad Hamdouna, the Global Marketing Advisor of zkTube: zkTube is the potential project of the blockchain ecosystem.
Moayad Hamdouna said that zkTube adopted relatively advanced consensus mechanism and new economic model, as a potential project of Ethereum Layer 2 ecosystem, with practical feasibility application value and functions such as reducing transaction costs, improving transaction TPS, having certain scalability and the same security as the main network of Ethereum, zkTube is the potential project of the blockchain ecosystem, and its combination with the native wallet PayTube will be the strongest combination.
zkTube Global Technical Advisor Jet Yap: zkTube will realize its full potential in Layer 2.
Jet Yap expressed his point of view that the Berlin upgrade and the London upgrade were both hard forks in nature. The upgrades did ease the transaction congestion on the Ethereum network to some extent and stabilized the block reward portion of the network, but with the wild development of the Ethereum ecosystem, the current improvements do not fundamentally solve the problems that exist in Ethereum.
The implementation of Layer 2 is the most direct and effective solution, and zkTube as the basis of Layer 2 service, the improvement in transaction costs and user experience is a qualitative leap in the battle to save the entire Ethereum network L1.
Gerilk, Spokesman of zkTube Technical Team: Cross-Rollup will open up a whole new world of the blockchain network.
Gerilk revealed the upcoming plan of zkTube to us. He said according to the roadmap, the Testnet has been launched on April 27, 2021, and zkTube has achieved good results, with more and more in-depth users seeing the potential value of zkTube and participating in it. zkTube will focus on the development and innovation of the project technology, constantly update and strengthen the technical foundation, and follow the development of the project in the next step.
“I am most looking forward to the cross-rollup, as this will mark a step forward in the interaction between the different protocols of the layer 2 ecology, which will greatly attract the influx of users from many other protocols. ”, he added.
The Official Launch of the Beta Version of PayTube Wallet
zkTube China Community Technology Spokesperson Nigle Yu presented to guests on the Beta Launch of PayTube Wallet.
He said that as the native wallet of zkTube protocol on Layer 2, PayTube will be able to carry a larger ecosystem and pave the way for the development of Layer 2 with incredible speed and financial interactions between chain and chain.
He officially announced the Beta Version of PayTube Wallet, introducing the advantages and core competitiveness of PayTube in terms of the application layer, ecosystem and performance.
He also explained the advantages of zkTube will be an important foundation for PayTube to get through the whole domain cross-chain ecology and realize the non-inductive interaction of blockchain finance, and also a sign of the era of innovative blockchain wallet.
In the final round-table forum, Liu Chunyang, co-founder of Qingdao Mining Union; Adam, ABIT Capital Partner; Chen Guanghai, Sales President of Kushen Wallet; Li Pike and Mars expressed unique insights on mining, wallet, finance and other aspects of Rollup’s application in zkTube.
The above is the essence for the conference. We are about to see the zkTube Protocol and PayTube Wallet as an ecological connection hub in the future, giving full play to greater applied ecological and market value.