ZkSync: The project with the fund card contract is Gemholic, and a solution has been found to unfreeze it

On April 7th, it was reported that zkSync responded that in its previous project, due to the use of the transfer() function to sell financing cards for 921 ETH tokens into the contract, Gemholic, a multi in-one platform on zkSync Era, encountered a smart contract issue and the funds were secure. Currently, a solution has been found to unfreeze the contract, which can solve a wider range of gas related issues. This will require minimal changes to the gas measurement of the protocol, But it will allow for full recovery of funds, and more detailed information will be released tomorrow.

ZkSync: The project with the fund card contract is Gemholic, and a solution has been found to unfreeze it

I. Introduction
– Explanation of the issue encountered by Gemholic and zkSync
– Importance of smart contract security
II. Background on zkSync
– Overview of zkSync’s previous project
– Transfer() function and its importance in the project
III. The smart contract issue encountered by Gemholic
– Details and effects of the issue
– Measures taken to address the issue
IV. The solution to unfreeze the contract
– Explanation of the solution
– Minimal changes needed for the gas measurement protocol
V. Full recovery of funds
– How the solution will allow for full recovery of funds
– Release of more detailed information
VI. Conclusion
– Recap of the issue and its resolution
– Importance of smart contract security in the cryptocurrency industry
# On April 7th, zkSync Finds Solution to smart contract issue
Smart contract security is an essential aspect of the cryptocurrency industry that cannot be overlooked. Recently, Gemholic, a multi-in-one platform on zkSync Era, encountered a smart contract issue due to the use of the transfer() function to sell financing cards for 921 ETH tokens into the contract. Fortunately, zkSync was quick to respond, and a solution has been found to unfreeze the contract, which can solve a wider range of gas-related issues. This article will discuss the issue encountered, the solution found, and how it will allow for full recovery of funds, amongst other details.
zkSync, a Layer 2 scaling solution built on Ethereum, aims to provide fast and low-cost transactions, increased scalability, and improved user experience. In its previous project, the platform utilized the transfer() function, which is essential in executing transactions in smart contracts. However, its use in Gemholic’s contract led to a smart contract issue.
The smart contract issue encountered by Gemholic resulted in the freezing of the funds in the contract due to incorrect gas estimation. This issue affected the smooth running of the multi-in-one platform, causing a considerable inconvenience to its users. To address the issue, zkSync immediate response was to find a solution to unfreeze the contract.
A solution has been found, which requires minimal changes to the gas measurement of the protocol. These minimal changes will enable the unfreezing of the contract, which will allow for the full recovery of all the funds locked in it. Furthermore, this solution will solve a wide range of gas-related issues and make the platform more efficient. More detailed information on the issue and solution will be released soon.
In conclusion, the smart contract issue encountered by Gemholic serves as a clear reminder of the importance of smart contract security in the cryptocurrency industry. However, zkSync’s quick response and solution demonstrate the platform’s commitment to the security and efficiency of its operations. This solution will allow for the full recovery of funds, and more detailed information will be made available soon.

FAQs

Q1. What is zkSync?
A1. zkSync is a Layer 2 scaling solution built on Ethereum that aims to provide fast and low-cost transactions, increased scalability, and improved user experience
Q2. What caused the issue encountered by Gemholic?
A2. The issue was caused by the use of the transfer() function to sell financing cards for 921 ETH tokens into the contract.
Q3. When will more detailed information on the issue and solution be released?
A3. More detailed information will be released soon.