We are pleased to announce our next AMA on May 24th 2021 at 11:00 AM UTC Time: Satoshi Club x zkTube
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join zkTube Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. zkTube Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about zkTube
For more details:
zkTube Website – paytube.io
zkTube Telegram – @zkTubeProtocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
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In order to achieve a higher throughput, zkTube uses ZK-Rollup technology based on the PLONK Algorithm to scale layer 1 on-chain activities of Ethereum, Recently, Layer 2 solutions have become more popular due to the high fees and congested status of Ethereum. Popular Layer 2 such as Optimistic uses aggregators as side chain to bundle transactions. Matic Layer 2 solution uses a variation of PLASMA framework to run a similar POS system as side chain to Ethereum. How does the PLONK Algorithm used in zkTube scaling solution work? How will it be utilised to provide a better scaling solution than other layer 2 integration? How are transaction correctness guaranteed when interacting or transferred to the secondary offline layer?
The total circulation and supply of ZKT cannot exceed 330,000,000 and 89.4% of your total supply will be distributed through mining. I discovered that 14.4% of this 89.4% is allocated for behavioral Mining which you also called zero-knowledge proof mining. How will the proof-of-stake Consensus mining approach of zkTube work? Who can become a validator and how much ZKT is needed to be staked in order to become a Validator? Also, what is behavioral mining and why did you allocate 14.4% of mining allocation to behavioral miners?
zkTube Labs team will be launching the first decentralized super wallet called the PayTube Wallet. It is also said that this wallet will be able to offer fiat on/off ramp as well as crypto payment. How is PayTube wallet designed to be the best digital user-friendly wallet? How will you be able to implement a blockchain technology under the compliance of traditional regulation for the activities on this wallet, and still ensure the security of users’ fund using decentralized hosting? What token will be supported by this wallet and what additional features will it have?
zkTube Protocol aims to build the ecosystem around Ethereum Layer2, thus, zkTube Labs decides to contribute 1,000 pieces of ZKT and $2,000 USDT to Layer2 contributors who participate in R&D research work. Please tell us about the ZK Talent Grant Program. What is this program and for what purpose is it developed? What are the deadlines for this program, who can take part, how many participants will be selected and what prizes?
I read that you have the official ZKT token and the ZKTR token. What is the difference between them, what functions does each of them carry and for what purpose are they created and what is their total supply? Does zkTube have more tokens besides these two?
ZKTube is a project built and developed on Layer2 using PLONK protocol based on ZK rollup technology. What is the essence and advantages of the PLONK protocol, could you tell us? And what is ZK rollup technology?
Currently, Binance smart Chain blockchain is having high transaction speed and cheap gas fee, Are you planning to launch your mainnet or move to other blockchains in the future?
Hello. Why should I buy $zkTUBE tokens during token sale and not on exchanges? What advantages do you offer for large investors?
What important milestones does $zkTUBE aim to achieve by the end of this year and in the future? How will $zkTUBE be successful in 2021 and beyond?
How do they keep transaction fees low and how do ETH and ERC20 / ERC721 transactions yield up to 200 times the original Layer1 transaction?
Simple but necessary question, how does this project guarantee the safety of user funds?
Can you share some more details about your exciting wallet product? What payment systems do you plan to work with, can user select between say Visa, MC, AMEX now or in the future? Another important question many users will sure have – do you provide access to the credit cards or only debit cards? I understand Credit card can help reduce tax load in some countries
PayTube is building a decentralized wallet on zkTube Layer 2 protocol to achieve low transaction fees and throughput of ETH. It is definitely a good idea to go layer 2! Could you tell us why you chose zkTube, what features made you select it over competing layer 2 protocols like e.g Polygon? Do you plan to expand to other popular chains like BSC, Polka etc?
I hear zkTube Labs decided to grant 1,000 ZKT and $2,000 USDT to Layer2 contributors who participate in R&D research work. Please tell us who can apply for the grant and how big are the chances to win the grant? What are the criteria for this grant applicants, is it aimed exclusively at developers or can other talented people not involved in development apply?
zkTube allows payments at a rate of 3000+ TPS, scalability and security are key points in the DeFi ecosystem, so I wonder, how secure are the transactions if performed at such high rate? And how is ensured that high scalability without compromising decentralization of the network?
Users of zkTube can turn their crypto into dollars on the platform, being the USD a highly regulated fiat currency, where could these USD be transferred to as Fiat, what are the requirements (like KYC or bank account) to perform these kind of transactions?
zkTube assures that assets are always under users’ own control, under Ethereum-level security guarantees, how can this achievement be accomplished, do users connect their wallets to the platform or can only use paytube?
What makes you feel confident about the survival & sustainable success of your project in the nearest future?
While you build your project, do you take into account community feedbacks and demands?
I read on the website that PayTube is a decentralized wallet building on zkTube, Are you a global and completely Decentralized project? How can we be sure that there is no chance of Centralization in future?
How do you plan to show the world that your product is not just useless blockchain solution to a non-existing problem?
I read that zkTube operating mechanism, includes two types of roles: ordinary users and operators. Can you tell us more about this two roles? How can users go from one role to the other and what function do they have within zkTube’s ecosystem? What benefits bring to users being either an ordinary user or an operator?
While reading about zkTube, I saw that it uses the compression principle ZK Rollup, can you tell us more about this Compression Mechanism? How does it exactly work and how this mechanism helps the ecosystem? What are the advantages of this mechanism being used on ZkTube not only for the platform but for users as well?
It is not a secret for anyone that NFTs are growing in popularity as days go by. And I saw that zkTube is not too far behind on this topic because while reading your whitepaper I saw that: “zkTube underlying protocol NFT also do field extended support NFT on the second floor above the transaction”. Can you tell us more about this? What plans does zkTube has regarding NFTs? Will you add NFT services to PayTube or are there any plans on releasing zkTube’s own marketplace?
zkTube provides a Layer 2 protocol based on ZK-Rollup, this technology makes you highly scalable and faces many problems of the Ethereum network, but this technology is continuously evolving, can you tell us what are the recent advances about the ZK-Rollups and how do you plan to improve your services in the near future?
Basically, zkTube is taking advantage of the Ethereum platform improving its functions with ZK-Rollup technology based on the PLONK algorithm protocol, can you highlight the benefits of this protocol? What is the speed of your platform using this technology?
zktube offers the following advantages: Low Gas fee and high throughput, Safety guarantee at the level of Ethereum mainnet, Quick Transaction Verification, Transfer payment received in a real time. Can you tell us about these advantages of zktube?
When using a payment network, security is a primary concern. zkTube has lower transaction costs, higher performance, and a better user experience, which is faster and more secure. How does zktube provide security to its users?
zkTube provides a solution to the problem of Ethereum network congestion and capacity expansion. zkTube provides a Layer 2 protocol based on ZK-Rollup to solve this problem. Can you talk to us and explain this protocol?
As an Ethereum Layer2 scaling protocol… If a project or business intends to use your scaling solutions, how do they go about it, is the use of your scaling protocol open for all projects business and individuals, what other benefits do users of your layer2 scaling solution stand to get apart from faster transactions speed and security.
Some of the personal uses of your products such as paytube as stated is that it can be used to Manage multiple wallets on the go, Shop with Visa merchants online & in-person around the world and also the Provision of Visa prepaid and debit cards, what kinds of wallets will users of paytube be able to manage, and what kinds of shops will they be able to use paytube for, across what countries can users currently use paytube for shopping and how do users get issued visa prepaid and debit cards using paytube
You claim to have a TPS of about 3000+ and in order to achieve this, zkTube uses the principle of slicing technology to make the transaction flow between Layer2 faster and meet more financial applications in the field of decentralized finance, dex transactions, and other game applications…can you explain how this slicing technology works and how this technology helps achieve more faster transactions in zkTube
zkTube has lower transaction costs, higher performance and a better user experience, which is faster and more secure, but if I’m not mistaken Ethereum 2.0 or Serenity is in development and may arrive in the future. Ethereum 2.0 would be a model where scalability, thanks to side chains, would mitigate the saturations that usually affect the network. This would be one of the changes that zkTube aims to solve, so what is the point of developing zkTube using ZK-Rollup technology to achieve a goal that Ethereum 2.0 will already do?
E-wallets or digital wallets are one of the new payment methods that has experienced the most growth in recent years. On your website you say that you will soon launch your zkTube-based digital wallet called PayTube and that its vision is to become the most user-friendly digital wallet in the digital money payment field. But today there are several very popular wallets. Will PayTube have distinctive, useful and functional features? What will PayTube have to incentivize people to use it?
Layer 2 is such a great alternative especially when gas fees are extremely high! That is why I think zkTube is a promising project. However, there are already some competitors in the market. What does zkTube team plan to get ahead of its competitors? With which features will zkTube bring L2 users and non L2 users to the project?
ZKP is a cryptographic protocol that provides a method for one party to prove to another that a statement is true, without revealing anything more than the veracity of the statement, but this system really would have the security that is needed when it is added to the centralized exchange officer, equal to, or as adaptaria this system to this type of scenario so as to protect the privacy when doing transactions or transfers in these exchanges?
Lately we hear more about hacking incidents. That is why secure projects gain importance. Can you give some information about the security system of zkTube and also some information about how much decentralized zkTube? Do the assets of investors really belong to users in zkTube?
Current authentication protocols seek to establish authenticated sessions through insecure channels, keeping a small footprint considering power consumption and computational overhead. Traditional authentication schemes must store a form of authentication data on devices, putting this data at risk. The approaches based on a purely public / private key infrastructure entail additional calculation and maintenance costs, as this protocol proposes a zero-knowledge authentication in order to withstand the instability since ZKP is based on graphical morphism, so as these effect on the Authentication processes and interactions of this protocol determine the areas and improve them, guaranteeing results without limiting your resources, how secure is this, how scalable, does it actually improve so much for the ERC20 / ER721 network?
Being a protocol based on layer2 etherium, this allows to considerably reduce commissions compared to layer 1. As a percentage, how much is this reduction in commissions?
Many of the big developments are migrating to BSC. Do you think Etherium brings even more value to the DeFi ecosystem than BSC?
I understand that VISA’s processing capacity is around 24,000 TPS. Do you think zkTube is a good paid alternative? Is it scalable and expandable in the future?
Although PayTube is the ideal complement to zkTube, is it possible to use third-party wallets? Will we get benefits or discounts for using PayTube in your ecosystem?
Will your PayTube wallet offer dApps and support to view and manage your NFTs? Are they compatible with ERC1515?
I am struck by its possibility of generating virtual cards for simple / multipurpose use. Does this have any cost? What other benefits does PayTube have compared to third-party options?
What are the products offered by the PayTube app, are there any plans to implement staking in this decentralized wallet?
Regarding the PayTube app, how is the scalability status of this app, does it present great interoperability and what security guarantees does it offer to users when they keep their funds there?
They mention that at scalability level zkTube can support 3000+ TPS, this sounds great, but how many commits does a TPS house require to be considered secure?
Considering that you have the “ZK” on your name, that means that you are related to the Zk-Snark technology ? Do you have privacy features?
⭐️ Apart of be a solution where ERC-20 tokens can avoid the huge transaction fees of the Ethereum Network, also do you have the capacity do offer the same with NFTs?
Paytube is your native wallet, so can you please explain us what are the most attractive elements that this wallet have in comparision with huge reputable wallets as Metamask and Trust wallet? Paytube have web3 browser?
The 2 layers of Ethereum are always a very good solutions, but in this field exist several amazing projects like Polygon, so can you tell us why can you be considered a strong opponent of the Ethereum 2 layers market? What are your innovations?
zkTube will offer PayTube, so I would like to know, what benefits will this wallet offer to the users in comparison with its competitors that make it worth using it, also, how do you guarantee that it will be really secure and that the transactions that can be made in this wallet will always be protected, will be really private and will have a really better performance?
What technologies does zkTube use to make the transaction flow between Layer2 faster and more satisfying for its users?
having so many protocols similar to zkTube, what elements have they created to stand out and become one of the most used protocols in the market, what plans do they have designed now and in the future that can guarantee that they are really working to achieve the above mentioned and to prove to us that they are not a project that is being tested with us users, without any kind of support?
Your project mainly revolutes round PAYTUBE wallet on zkTube Protocol. We have an experience with the metamask where you will have to pay ethereum for every transaction. Will there also be zkt charges on Paytube Wallet? What are features we should be expecting?
The testnet POS mining is starting soon; few days to this time. Since it is a testnet mining and it is a Proof of stake Mining that gives a person the opportunity to mine according to how many coins they hold, are we going to need any token to participate? For those that mine on the testnet, will there be any reward when moved to the mainnet? How long will the testnet mining take and when will mainnet mining start?
You announced the ZK talent grant for researchers. We are required to connect our LinkedIn and github account to your official account. Will there be any form of interview or researcher sample work?
The first round whitelist and Subscription ended well and you announced another round on twitter. What is the status of the current round? You also said those that participated will get ZKT Ring, at what ratio will each ZKTR be converted to ZKT and when?P
I am very impressed with the testnet zktube. I tested it and i must say that the charges is low and the interface. But i noticed something, anytime you deposit to L2, it takes a little time to for it to show on wallet.Zktube dashboard, when you also want to withdraw to L1, it does not reflect immediately even when the transaction shows successful. Do you have plans on fixing that on the mainnet or is that how it will be on the mainnet? What causes the little delay?
The web3.0 network of zkTube (which also supports the PayTube wallet) has developed a browser of it’s own, with current supports of the main network and test network deposits, withdrawals, transfers, purchase, sale, and other related records check. Consequently, this browser also known as “zkTube Scan” is said to be an improvement to previous versions and application. Therefore, can you carefully highlight some of the premium features and obvious advantages of the zkTube Scan, and how will zkTube further improve on it’s network and applications use and security, in order to ensure seamless and secured daily operations?
Since the zktube converts Eth L1 to L2 and charges in Eth, what is the usecase of the zktube native token? Can we assume that the fees are only in ETH on the testnet because ETH is used?
A weak point in the management of funds in a wallet has been the implementation of a unique key address when mobilizing funds or making transactions. ZkTube offers the possibility to use Multi-sig addresses, can you say what are the benefits of using this technology? Could the user have a problem accessing or logging in to their wallet? And finally, how does the authorization of payments work on different devices?
The fact of using a digital payment network carries many risks in the handling of transactions, what does ZkTube offer its users in terms of security and at the same time speed in the execution of their operations?
Reading the whitepaper, the ZkTube system includes two types of roles: normal users and operators, could you please explain in detail how this system works?
During the first week in the month of May before the launch of zkTube Testnet, zkTube labs issued an announcement to users and holders of ZKT Ring (ZKTR) to convert their tokens to the native ZKT tokens of the mainnet, in order to enable whitelist users participate in subscription and screening. Therefore why was it necessary for zkTube to create and issue the ZKTR tokens in the first place, what functions and roles did the ZKTR token satisfy while in it’s former state, and how was the mapping process from the former ZKTR tokens to native ZKT tokens carried out?
I saw on your whitepaper that after every 2,475,000 blocks, ZKT goes through a process called “halving”, can you tell us what is this process and how does it work?
I checked your roadmap and you have planned to launch your Testnet POS mining in June this year, can you tell us how can the community apply to become a testnet miner and what benefits there are for them as contributors to your platform? Also, I noticed you will distribute a huge percent of 89.4% of $ ZKT only for mining, why is it so important?
Im just curious about your project name, Why did name your project “zkTube”? What is the inspiration of founder to create this project?
We all know that the gasfee in Etherum blockchain is very high. And this is the one of that issue of every investors in huge world of crypto. But zkTube is deployed under the Etherum blockchain, Why did you chose to deploy your project under Etherum? Can you please details to us the gasfee system and all of transactions details of zkTube? Are there minimum amount need to deposit or withdraw in your platform?
zkTube has their own wallet called Paytube. Paytube wallet is a great gateway to decentralize finance. And the wallet will be launch on June 30,2021. May I ask, Does Paytube wallet is a easy to use or may i say “friendly-user” especially to newbie in crypto industry?
Despite being in an Ethereum blockchain, you claimed that transactions at zkTube protocol have low fees and most people recognize “Ethereum = high gas fee”. In that sense, how can you make this possible and debunking the people’s perception when it comes to Ethereum?
Paytube is a digital wallet solution for digital money payment transactions. Can you give more details about this wallet? Do we need KYC to do transactions here? What specific payments can we do within this app?
One of the products that zkTube promises to offer is PayTube, which aims to be a revolutionary decentralized digital currency payment wallet, then, what elements will allow such a wallet to be really competitive in the market, what are the innovations or differences it will have compared to Ethereum mainnet and what features of it, will guarantee the security of the funds of the users who use it?
Could you please inform us, if the zkTube infrastructure has been audited internally and by an external organization, to corroborate that it does not present any error and that it is not susceptible to attacks from third parties?
transparency in a project is fundamental for us users, so how important is for zkTube this particular point, how can you demonstrate to the community that this project is really transparent and that it has all the necessary elements to fulfill the services it offers?
ZkTube claims that all of the funds are within the user’s control guaranteeing a 100% security of Ethereum mainnet. How can we assure that none of our assets go to Zktube? What about the audit to establish transparency? Will it be done by a third party platform?
As a user when using any blockchain medium, i will always try to see the ease in their limitless financial and technology composability. Briefly explain the difference your cross chain platform have over other platforms, how interoperable are the protocols in your blockchain medium, what are the other blockchain network you plan to introduce for cross chain in your platform
PayTube’s vision is to become the most user-friendly digital wallet in the field of digital money payment. So in order to achive that what kind of end-user applications are you building right now? Do you have any browser extension that allows people to easily swap between DEXes? Also are you building any mobile application for this matter?
zkTube protocol is a scaling solution for Ethereum Layer 2. zkTube also has solutions for Proof of Staking as testnet POS mining launch on June 10, 2021. I have questions about this. Do you think after the launch of Ethereum 2.0 people would still like to continue Ethereum scaling solutions? Also do you think POS system is best solution for scalability? Won’t it mean a more centralized approach? What do you think of proof of stake on this matter?
PayTube’s vision is to become the most user-friendly digital wallet in the field of digital money payment. So in order to achieve that, what kind of end-user applications are you building right now? Do you have any browser extension that allows people to easily swap between DEXes? Also are you building any mobile application for this matter?
Edited.
zkTube Protocol is an ETH Layer 2 scaling solution which have $ZKT token. I read from your telegram, one of your member ask about airdrop ZKT candy but he got no answer. Could you explain about this ZKT airdrop how to participate? And what is the reward? Do you also have other event for your community?
With ZkTube philosophy,which you want to use zkcube technology to provide decentralized
payment services for more global entity services, so that
people all over the world can enjoy convenient, safe and fast services. So can you share some more information about zkcube technology? How it will be utilized in your platform? How it will provide decentralized payment services? How will ZkTube have an access to acquire zkcube technology? Thank you!
One of your medium article stated that zkTube Protocol, developed by Australian team zkTube Labs, has been officially documented on the Ethereum website. The Ethereum website now displays information about the zkTube project and links directly to the zkTube websites (zktube.io, paytube.io). It has been recommended for public donation by the Ethereum Foundation and has become one of the most prominent star projects with the most potential for development in the global Layer2 scaling solutions. So,can you tell us what is the real connection of zkTube to Ethereum network? It is really okay to your platform that Ethereum website will displays information about the zkTube project and links directly to the zkTube websites (zktube.io, paytube.io)? Why there is a need of public Donation by the Ethereum Foundation? What is this donation for? Thank you
zkTube Protocol aims to build the ecosystem around Ethereum Layer2 and zkTube Protocol is an ETH Layer 2 scaling solution developed by zkTube Labs. So How does zkTube address the issue of ethereum network congestion and bandwith expansion? Given the high transaction fees of this network , Do you intend to incorporate more networks options to your project in the future so that traders and a lot of investors have more options when it comes to transaction fees? If so, which network would you choose?
One thing that makes me interested with zkTubes protocol as one of the most promising expansion solutions is the mechanism was first proposed by Vitalik Buterin. Could you explain how does zkTubes mechanism work? What problem do zkTubes try to solve in ETH ecosystem?
You said that zkTube Labs recently discovered that some outlaws used the name zkTube, embezzled relevant information of zkTube and publish false information in various community which seriously misleads the community and it damaging the official image of zkTube. So what are the actions taken by your team to prevent such incidents from happening again and to maintain the reputation of zkTube?
One of your medium article written that there was an infringement happen to zkTube in which zkTube Labs recently discovered that some outlaws used the name of zkTube and embezzled relevant information of zkTube, set up a website called http://www.zk-tube.com, publishing and operating related products. After investigation, the outlaws, without the consent of our team, used the name of zkTube to publish false information in various communities, seriously misleading the community and damaging the official image of zkTube. So,how does your platform deal with this kind of situation? What solution and steps are you taking inorder that this infringement will not happen again in the future? Literally,how did it affect your platform and to community? What can we expect after this happenings? What good lesson did it taught to your team and to zkTube Community? Thank you
I understand that you are ambitious in low transaction fees, high efficiency, fast transaction, transfer service and security and you have made progress since your launch. So what is your purpose in doing the BUT? Do you believe in community support? What does ZkTube expect from us? What should we expect from you that will excite us?
Uniswap already released a formal document to introduce its V3 version. I read that zkTube’s technical team has participate in the development of uniswap v3. Can you explain how does the combination work between zkTubes and V3 uniswap?
Matic is already doing great when it comes to layer 2 solution. What’s Difference between matic (Polygon) and ZkTube?
zktube mining seems to have fundamental similarities with Ethereum mining where both use proof of work consensus mechanism. Can you explain to me more about behaviour mining and how can I join?Also How does your halving mechanism works and for the reward how many tokens of each block?
Your advice. How do you not to panic in the current situation in the crypto market?
how about the hardware requirements for zkTube Proof of Staking miner
raspberry P4 can it be used for miner zkt or not.