On-chain governance action (Treasury Withdrawals).
This treasury withdrawal funds zkFold ZK Rollup which will provide the following services:
ZK rollups address the scalability problem. Hundreds of transactions can be submitted as a single batch, reducing the load on the L1. Cardano can achieve higher throughput and lower transaction costs.
zkFold offers to build a general-purpose zero knowledge rollup solution for Cardano. A zero knowledge rollup is a technological layer (Layer 2) on top of a blockchain that increases the blockchain's scalability potential by compressing many transactions into transaction batches. As batches offer a greater degree of information compression, it is reasonable to expect that hundreds of rollup smart contract transactions might fit into a single Cardano mainnet transaction. Zero knowledge proofs technology places a limit on the cost of on-chain verification of the validity of transaction batches. Specifically, the batch verification fits well within the Execution Unit limits set at the protocol level,
- Proposer return address:
stake_test1urrfysygca8m9x0qypxrutl5j2n9c252mev4qmwdtzwqr6g6dj7kn - Deposit: 100,000 ADA
- Submitted: epoch 228
- Expires: epoch 235