Opside Rebrands as “Lumoz” and Promises to Popularize ZK Rollup Technology

As a part of its technique to place itself on the forefront of the ZK Rollup-as-a-Service motion, Opside has introduced that it’s taken the choice to rebrand itself as “Lumoz”, which is a play on the Latin phrase “Lumos”, which means mild or brightness.

In a weblog submit on HackerNoon asserting the change, the Lumoz group defined that they’ve moved a great distance from their preliminary give attention to offering a platform for builders to construct and run scalable ZK Rollup networks for his or her dApps. The venture has since grown to embody a complete ecosystem round Rollapp know-how, including quite a few options to facilitate straightforward deployment and launching varied initiatives to popularize the know-how.

So, on condition that the unique title “Opside” was a play on the phrase “Operator”, and that Lumoz is now rather more than simply an operator, the timing of the rebranding makes a whole lot of sense, the group stated. Add to that, they talked about that the change will even assist to take away confusion, as many individuals have incorrectly assumed that the group is engaged on “Optimistic Rollups”, versus ZK Rollups.

Lightspeed Progress

Lumoz is an applicable title contemplating it has made such speedy progress this yr. The venture solely launched in 2022 with the mission of accelerating the adoption of ZK-Rollup know-how and making it extra accessible and user-friendly. Its ZKRaaS providing gives a simple manner for builders to create custom-made zkEVM software chains atop of Layer-1 blockchains that use ZK Rollups to scale their dApps.

Lumoz managed to get its preliminary, pre-Alpha incentivized testnet up and working in double-quick time, launching on the finish of Might to allow practical, one-click deployment of zkEVM software chains. It has additionally launched the ZK-Rollup Launchbase, which makes it attainable to effortlessly deploy several types of ZK-Rollups onto completely different base chains. It has additionally added help for Ethereum, BSC, and Polygon testnets, and developed modular parts comparable to DA/shared sequencers.

That astonishing progress has been matched by some spectacular development, with Lumoz now counting over 240,000 customers, 25,000-odd validators, and greater than 100 miners all contributing to its community, whereas greater than 15 custom-made zkEVM software chains are deployed.

Considered one of its most up-to-date bulletins noticed it launch the Decentralized Prover Community, permitting it to supply the underlying computational sources for ZKP computations, enabling the tasks constructing on its platform to focus solely on their very own operations. On this manner, it has considerably decreased the working prices for groups hoping to implement ZK-Rollup know-how.

One other key growth was the introduction of Lumoz’s ZKP two-step algorithm, which decreased the minimal CPU and GPU necessities for community miners, who’re incentivized to supply this computational energy to Lumoz. Trying ahead, Lumoz stated it can attempt to additional optimize its algorithm with a view to encourage extra miners to help its community.

What’s Subsequent For Lumoz?

The rest of 2023 guarantees to be a frenetic time for anybody concerned within the venture, because it has detailed a number of new targets on its milestone. Earlier than the yr is out, it plans so as to add enhanced performance to the ZK-Rollup Launchbase platform that was launched only a few months in the past. Lumoz defined that the platform solely actually gives probably the most fundamental performance for builders, and it intends to remodel it into one thing way more complete, with the addition of extra modular parts on the high of its to-do checklist.

Additional ecosystem enlargement is on the menu too, with Lumoz stating it plans so as to add help for the Scroll, StarkNet, and different networks earlier than the yr is out.

Then there are plans in retailer to develop its ecosystem, which presently numbers virtually 100 completely different crypto tasks throughout segments comparable to NFTs, GameFi, and DeFi. Lumoz’s group promised it can proceed to actively search new alternatives to collaborate with high-quality tasks. As all the time, the purpose with these collaborations is to assist tasks scale their dApps and develop their consumer bases to speed up ZK-Rollups adoption.

Lumoz will even proceed to verify its voice is heard inside the wider crypto group with its ongoing participation in key occasions, hackathons, workshops, and extra.