Zero-knowledge rollups, or Zk-rollups, are a Layer 2 scaling solution that enables blockchains to process transactions rapidly while keeping gas fees to a minimum. Zk-rollups outperform standard Layer 1 blockchains such as Ethereum because they mix on and off-chain activities. Zk-rollups have become extremely prevalent with developers wanting to improve usability as well as investors and traders searching for faster and less expensive transaction processing. Because of its utilization of Zk-rollups, solutions such as Zcash are gaining popularity with investors. With the increase in the utilization in Zk-rollups, here are 2 coins with huge potential to grow in value.
Immutable X (IMX/USD)
Immutable X is a Layer 2 scaling solution for Ethereum NFT trading. It employs ZK-Rollups to provide rapid trade confirmation, over 9,000 transactions per second, and no gas expenses. Since Immutable X is a Layer 2 for Ethereum, ownership of NFTs is unaffected because it inherits the Ethereum blockchain's security and finality. There are several benefits that IMX offers such as – Zero gas fees for peer to peer transactions, It can handle up to 9000 transactions per second and you can also set up your own trading fees. IMX is listed on Kucoin and has huge potential for the future.
2. Mir Protocol (MIR/USD)
Mirror Protocol is a DeFi platform that allows users to create synthetic assets, which are crypto tokens that mirror the price of real-world assets such as equities. Synthetic tokens provide investors exposure to the price of the real-world assets they represent without forcing investors to possess those assets. As a consequence, traders who would typically be barred from trading certain underlying assets due to geographical restrictions or a lack of capital stand to profit from their price changes. MIR could at least double in the coming months as the utilisation has started increasing.