PayTube Wallet Beta Version was Launched, Dedicated to Improving the Financial Ecology
PayTube

PayTube Wallet Beta Version was Launched, Dedicated to Improving the Financial Ecology

By Aaron Wilson | Aaron Wilson | 22 Jul 2021


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The London hard fork of Ethereum has attracted the attention of global users. CoinDesk has also launched an ETH2.0 feature to report on Ethereum-related solutions. In the recent CoinDesk ETH2.0 newsletter, zkTube was recommended and focused on the technical advantages of zkTube, including ZK-Rollup, high throughput, and zkTube’s ecology, such as green mining. This week, CoinDesk mentioned and believed that PayTube is a novel solution that provides one-stop decentralized financial applications and reliable connections for blockchain value transmission.

We all know that Ethereum 2.0 ultimately solves the problems of scalability, but Ethereum 2.0 may take 3 years or more to complete the launch. In response to the short-term and medium-term scalability requirements, it is more important to improve scalability around Layer 2, especially Rollup.

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PayTube is a secure and user-friendly decentralized wallet building on zkTube Protocol by using ZK-Rollup technology. It supports multi-crypto and cross-chain in Layer1 & Layer2 securely store and transfer. It enables cryptocurrency payment instantly, low-cost to anyone in the world. With Ethereum mainnet-level security performance and completely self-custodial wallet,it’s suitable for enterprise-level high-performance needs and ordinary users.

In the era of encryption, everyone needs a wallet, which is anti-censorship and anti-tracking. For the crypto world, wallets are also an indispensable infrastructure. The wallet development has gone from a single-asset wallet to a single-chain wallet to a multi-chain and multi-asset wallet. PayTube is a wallet that supports multi-functional, including the migration of Layer 1 assets to Layer 2, provides DEX services, and so on. Technically, the zkTube team has carried out a lot of research and development, real-time quotation, low slippage, and continued ZK-Rollups’ faster and more efficient performance, making PayTube more in line with the market needs.

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The main business of PayTube Wallet includes:

PayTube Wallet Layer 1

1. Provide digital asset transfer, storage and investment services

2. Provide digital asset wallet service for individuals and professional investors

3. DEX services, digital asset storage and investment services can be provided to the institutional level

PayTube Wallet Layer 2

1. Expand more third-party application ecology, such as Social Networking, DEX, NFT, Lending, DeFi Investment, Insurance, etc.

2. Migrate more Layer 1 assets to Layer 2 to maximize the applications of Layer 2

3. PayTube Wallet has entered into preliminary partnerships with merchants in Australia, Singapore and parts of North America as a digital payment solution

Compared with various wallets on the market, PayTube is currently the only wallet built using ZK-Rollup technology. Therefore, PayTube can surpass other wallets in terms of security and provide a safer storage environment for users’ funds. For enterprise-level users, they will be more at ease when managing huge amounts of money. As for individual users, you can enjoy a lower transfer fee and a faster transfer speed at the same time.

PayTube’s vision is to create the world’s highest value network channel. With this vision, the zkTube team has carried out a lot of technical development in transactions, transfers, storage, and exchange. It also pays attention to ecological development, based on safety, low fees, and fast transfers. PayTube’s third-party ecological clusters are very rich. It supports real-time market information and supports many blockchain applications, including staking, mining, DeFi, chain games, etc.

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On July 19th, in the World Forum of The Ethereum Scaling Upgrade 2021-zkTube Labs Scaling Solution Conference, zkTube ushered in another significant breakthrough. As a technical team, zkTube focuses on technological innovation, practice and solves actual problems through technology. As part of the zkTube ecosystem, the PayTube wallet is also an important application of Layer2 technology. At the same time, it is a gateway to get traffic that will bring more stability to the market development and strengthen the global consensus on zkTube.

Learn More about zkTube and PayTube:

zktube.io

paytube.io

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Aaron Wilson
Aaron Wilson

Aaron is an active contributor to the Ethereum ecosystem, including Layer 2 scaling solutions. He has years of experience working with dozens of blockchain startups where he focused on token economics, marketing, and growth.


Aaron Wilson
Aaron Wilson

Layer 2 is a collective term for solutions designed to help scale your application by handling transactions off the Ethereum mainnet (layer 1) while taking advantage of the robust decentralized security model of the mainnet. Transaction speed suffers when the network is busy which can make the user experience poor for certain types of Dapps. And as the network gets busier, gas prices increase as transaction senders aim to outbid each other. This can make using Ethereum very expensive.

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