(Argentina) Lemon, a virtual wallet that integrates pesos with cryptocurrencies, has partnered with ZKsync, one of the cheapest packages based on the Ethereum ZK technology, for those users who want to use decentralized applications in a more economical way and with support for the security of Ethereum. They will now be able to buy ZK for 100 Argentine pesos, make low-cost transactions using the ZKsync network, and participate in exclusive events throughout August.
This new integration and relationship was born in the context of two major ecosystem events that confirm Argentina’s position as the crypto capital of Latin America and the international interest in local talent: Ethereum Argentina and Aleph, City of Growth: a temporary city where more than 800 people from all over the world come to live to the country for a month to create, develop talent, invest in companies and help entrepreneurs scale their projects. The collaboration reinforces Lemon’s commitment to offering advanced, secure and accessible financial solutions to all its users and ZKsync’s commitment to the development of the crypto industry in the region.
Ethereum is one of the most popular blockchains in the world, but it still has some limitations, such as high fees and low scalability, which make it difficult to develop, build and use decentralized applications (DApps). With this integration, Lemon users will be able to take advantage of what ZKsync offers, enabling faster and cheaper transactions while maintaining the security and decentralization of the Ethereum mainnet.
In this scenario, ZKsync demonstrated the potential to scale the Ethereum network to 180 transactions per second – the fastest level 2 – using Zero-Knowledge (ZK) proofs. This new cryptographic technology allows you to prove something without revealing details, such as knowing the password without saying what it is, reducing costs, increasing privacy and efficiency by conducting transactions at an independent layer that is attached to the main Ethereum chain.
Key benefits of ZK for developers, engineers and enthusiasts of the cryptocurrency ecosystem on Ethereum:
– Low operating costs: Up to 100x lower than Ethereum mainnet.
– High capacity: Processed the most recorded transactions per second for Ethereum L2, with 180 TPS transactions per second compared to 15 for Ethereum.
– Privacy: Knowledge-free proofs protect users’ personal data.
– Compatibility: Works with ERC-20 tokens and allows you to withdraw funds to the Ethereum mainnet at any time.
The capital of Argentina Crypto: Ethereum Argentina and the city of growth
Argentina has quickly positioned itself as the crypto capital of Latin America, with 4 out of every 10 people who open a crypto app in the region doing so from Argentina. Also, the Ethereum community continues to make waves in the country. This level of adoption is unique and has attracted the interest of thousands of entrepreneurs, leaders, investors and international companies interested in exploring the country’s technological talent.
For this reason, on August 2, 2024, the annual Ethereum Argentina event dedicated to technology and education will take place, bringing together teachers, students, developers and enthusiasts of the crypto ecosystem to share experiences and participate in activities to learn about everything that is being created in the new Internet.
Also during August, a temporary city named: Aleph, City of Growth will be installed in Palermo. It allows local startups to scale their companies and take advantage of the crypto ecosystem by meeting international investors, mentors and participating in events.