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Topic: Review on Zircuit ZRC (Read 104 times)

copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!
August 03, 2024, 10:58:04 PM
#4


Although this project successfully attract TVL by the billions of dollars I think this project will be underwhelming, because it will be like blast, despite huge TVL locked for the project, the market cap only around $200mln because the narrative of L2 and governance token just doesn't really work anymore, people figured out that there are simply too many L2 that these L2 token doesn't really hold value.

moreover for staker of Zircuit and me included, won't yield too much of a reward out of it, because lets be real, the long winding staking campaign and the fact that most of TVL coming from restaked token means it's at best inflated TVL and the token distribution will be diluted as heck.


You are  right that Zircuit (ZRC) might not perform so well like Zksync, Blast and L3 because the management of these projects didn't reward  their community so well who supported these project by investing their time and money during the testing and pre-launch phase. The reward distribution was unfair and it was not across the board. I think this was the main reason behind its price drop after the launching. How ZRC tokens performs after lunch will largely depend community is satisfaction and strength of utility token.
hero member
Activity: 3108
Merit: 537
Leading Crypto Sports Betting & Casino Platform
August 03, 2024, 08:53:33 PM
#3


Although this project successfully attract TVL by the billions of dollars I think this project will be underwhelming, because it will be like blast, despite huge TVL locked for the project, the market cap only around $200mln because the narrative of L2 and governance token just doesn't really work anymore, people figured out that there are simply too many L2 that these L2 token doesn't really hold value.

moreover for staker of Zircuit and me included, won't yield too much of a reward out of it, because lets be real, the long winding staking campaign and the fact that most of TVL coming from restaked token means it's at best inflated TVL and the token distribution will be diluted as heck.



hero member
Activity: 2226
Merit: 610
August 02, 2024, 04:00:23 PM
#2
This discussion should be moved to a special altcoin discussion thread, there is no place for altcoins on the bitcoin discussion board.

Zircuit is a new project developed on the Ethereum network and is Ethereum's L2 if I'm not mistaken, and yes the problem it always wants to solve is the problem of scalability, compatibility, speed, ZK, and the gass fee problem that exists in Ethereum, because that is the basic problem of Ethereum in my opinion.

It's going to be an Ethereum L2 battle again and again, a lot of L2 networks are being launched and it's going to make the market divided, but to see which one performs best is when they have the largest TVL and daily active users, speaking of investors I think that's a common thing.
newbie
Activity: 2
Merit: 0
August 02, 2024, 02:56:04 PM
#1
Zircuit (ZRC) is gearing up for its pre-market trading phase on BingX, starting on August 2, 2024. This protocol represents an innovative approach to Ethereum’s scalability issues by utilizing zero-knowledge rollups. Its hybrid architecture merges zero-knowledge proofs with existing infrastructure, aiming to boost transaction efficiency and lower costs. Notably, Zircuit maintains full compatibility with Ethereum’s Virtual Machine (EVM), which means it should integrate smoothly with current Ethereum applications and development tools. The focus on security is evident with its advanced measures at the sequencer level to prevent malicious transactions, and the inclusion of a secure native bridge for cross-chain asset transfers. This setup could potentially offer significant improvements over traditional scaling solutions.

The project has attracted attention from major investors like Pantera Capital and Binance Labs, which adds credibility to its potential. The pre-market trading on BingX will provide an early opportunity to engage with ZRC before its official listing. Observers will be keen to see how the protocol performs in this initial phase and how it addresses the challenges of Ethereum scalability and security.
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