Lumoz’s ZKFair to launch first community-owned Layer 2 solution
The present zero-knowledge (ZK) panorama, whereas progressive, faces vital challenges, as highlighted in a current weblog publish by ZKFair, a brand new mainnet created by Lumoz.
Points reminiscent of inflated valuations, enterprise capital dominance, and a scarcity of differentiation amongst current Layer 2 options are inflicting disengagement and manipulation amongst customers.
“ZK faces hurdles reminiscent of an excessively excessive valuation, insurmountable obstacles to consumer participation, and infrequently monopolization by VCs,” the publish reads, mentioning the necessity for extra equitable and user-centric approaches within the blockchain house.
In response to the problems it described, Lumoz introduced that its ZKFair venture will launch a totally community-owned Layer 2 answer as a testnet on Wednesday, December 6, and mainnet on January 20. ZKFair additionally introduced that the launch can be accompanied by an airdrop that’s to distribute 100% of the tokens to the group.
A better have a look at ZKFair
ZKFair is a platform designed with the purpose of making certain lively group participation and is, in keeping with the weblog publish, “constructed on the bedrock of equity and justice.” Cash launching at tremendous low preliminary valuations, rewards and gasoline charges flowing again to the group, and equal alternatives for all group concepts are set to be a few of the hallmarks of the platform.
ZKFair plans to make use of the USDC stablecoin as its gasoline token as a part of the trouble to supply a clear construction. It should help atomic cross-rollup communication, enabling interplay with dApps on Ethereum (ETH), and it’ll help a decentralized prover community.
Lastly, it stands to be the primary ZK-Rollup primarily based on the Polygon (MATIC) Chain Improvement Equipment (CDK) and the Celestia (TIA) Information Availability (DA). Lumoz initially laid out its plans for a StableNet launch in late November.
Lumoz is itself a decentralized ZK-Rollup as a Service (ZKRaaS) that additionally facilitates Zero-Information Proof mining (ZKP mining) and serves as a proof-of-work (PoW) community. It was beforehand often called Opside.
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