CJ - Cryptocurrency Specialist
Matter Labs has introduced zkSync Era, a zkEVM that brings a fully functional zero-knowledge proof solution to the Ethereum (ETH) blockchain. By utilizing zero-knowledge proofs, transactions are batched together and recorded on the blockchain, leading to faster transactions and lower fees. The zkEVM also maintains compatibility with the Ethereum Virtual Machine, allowing developers to easily port over applications.
The network offers native support for account abstraction, which enhances crypto wallets' functionality, allowing for customization beyond standard address transactions. Additionally, zkSync Era publishes state differences instead of transaction inputs, resulting in benefits such as data compression, more frequent oracle updates, cheaper privacy and better integration with extensions.
Matter Labs invested $3.8 million in testing and auditing the network, including seven external security audits, three internal audits, and two public security contests, and has an open-ended bug bounty program. The launch of zkSync Era is part of a growing trend of Layer 2 solutions for Ethereum, addressing the blockchain's scalability challenges. Matter Labs aims to create a network that requires no trust assumptions, with users trusting only the open-source code, math, and the underlying Ethereum network. A security council will be introduced, and the network will be gradually decentralized following the model of zkSync Lite.
The upcoming Layer 2 narrative is expected enhance the Ethereum network, providing scalability solutions and improving the user experience for Ethereum applications. This will allow developers to build more complex and feature-rich applications, while users can enjoy faster and cheaper transactions. With the launch of Matter Labs' zkSync Era, we can already see the benefits of Layer 2 solutions, including enhanced security, data availability, and support for account abstraction. As more Layer 2 solutions are developed, we can expect the Ethereum ecosystem to grow even further and attract more users and investors. If you are considering investing in cryptocurrency and looking to buy Ethereum, it is important to choose a reliable and trustworthy cryptobroker like BC Bitcoin, which offers a wide range of altcoins, crypto asset management and the latest developments in the crypto industry.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards