Zerion’s ZERO Blockchain: A No-Fee Innovation
The developers at Zerion have rolled out the mainnet for their L2 blockchain, ZERO, enabling wallet users to issue, trade, and transfer tokens without gas fees, powered by zero-knowledge proof (ZK) technology.
On this page
Zerion's team has officially launched the mainnet of their L2 blockchain, ZERO, enabling users to issue, swap, and transfer tokens with zero gas fees. ZERO employs zero-knowledge proof (ZK) technology to bolster user privacy.
As a part of the Elastic Chain ecosystem connecting various ZK blockchains, ZERO features account abstraction and an Onchain DNA evaluation to check if user addresses qualify for fee-free transactions.
We believe people shouldn’t need to pay to transact and explore onchain. It’s not only about the cost but the mental load. For most users, gas functions almost like a toll on a highway, getting in the way of where users want to go or what they want to do onchain,
noted Evgeny Yurtaev, Zerion's co-founder and CEO.
The Onchain DNA feature, as described by the developers, is designed to separate authentic users from bots, promoting a fairer and more secure space for cryptocurrency interactions. With the added benefit of free transactions, the project seems poised to attract a wave of new users from other L2 blockchains.
Previously, Zerion's team completed a successful private funding round, drawing investments from high-profile venture capitalists like Cooper Turley and Yearn Finance developer Banteg. The round also saw participation from individuals affiliated with Lido, Celestia, and even OpenSea.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
