Opside’s ZK-RaaS Platform: Launching Pre-Alpha Testing Network in May

On May 2nd, it was announced that the Opside official website of the three-layer architecture ZK-RaaS platform will launch the Pre alpha testing network in May. The Alpha test network is expected to be launched in August, aiming to achieve decentralization of ZK Rollup proof nodes, complete PoW mining mechanism, decentralization of sequencers, and cross Rollup communication mechanism. The final test network is expected to be launched in November. According to previous news, Opside announced the completion of a $4 million seed round financing, led by Web3.com Ventures. This round of seed round financing funds will be used to accelerate the development of Opside, expand the team and operational scale. Opside will focus on its ZK RaaS& Innovation in the PoS+PoW hybrid consensus mechanism to fill the market gap of insufficient ZK RaaS solution services at the current stage.

Opside will launch the Pre alpha testing network in May

Opside, a leading provider of cutting-edge blockchain solutions, has announced the launch of its three-layer architecture ZK-RaaS platform’s pre-alpha testing network in May. Furthermore, the platform’s alpha test network is expected to go live in August, with a target to achieve decentralization of ZK Rollup proof nodes, complete PoW mining mechanism, decentralization of sequencers, and cross Rollup communication mechanism. The final test network is expected to launch in November.

The Purpose Behind Opside’s ZK-RaaS Platform

Opside’s ZK-RaaS platform fills the market gap of insufficient ZK-RaaS solution services at the current stage. Furthermore, by offering this innovative solution, the company aims to achieve a secure and scalable infrastructure for decentralized applications while providing next-level privacy guarantees to users.

Understanding ZK Rollup Proof Nodes

ZK-rollups are one of the most cutting-edge scaling solutions for blockchains. They provide users with a way to package numerous blockchain transactions together, thereby reducing gas fees and the overall network load. By decentralizing ZK Rollup proof nodes, the platform will ensure that users have a more secure and trustworthy infrastructure.

PoW Mining Mechanism

Opside’s PoW mining mechanism is designed to bring in more participants, thereby ensuring that the platform is truly decentralized. This system is essential as it protects the network from attacks, ensures a fair distribution of newly-minted tokens, and incentivizes users to validate the platform’s data.

Decentralization of Sequencers

Sequencers play an essential role in the validation of transactions, the ordering of blocks, and the organization of the network’s state. By decentralizing them, Opside ensures that the platform is agnostic to the centralized control that typically plagues other networks.

Cross Rollup Communication Mechanism

Opside’s cross rollup communication mechanism provides developers with the ability to build blockchain applications that operate across multiple rollups. As a result, the platform enables a wide range of use cases, including fast and cheap cross-chain transactions, seamless trading of scarce assets, and more.

Financing and Future Plans

Opside announced the completion of a $4 million seed round financing, led by Web3.com Ventures. This round of seed round financing funds will be used to accelerate the development of Opside, expand the team and operational scale. The company will focus on its innovation in the PoS+PoW hybrid consensus mechanism to bring its game-changing technology to the market.

Conclusion

Opside’s ZK-RaaS platform is a cutting-edge solution that brings decentralization, security, scalability, and next-level privacy guarantees to users. With innovative features such as decentralizing sequencers, cross rollup communication mechanism, ZK rollup proof nodes, and PoW mining mechanisms, this platform represents the next step forward in blockchain technology.

FAQs

1. What is the ZK-RaaS platform?

The ZK-RaaS platform is a three-layer architecture that provides secure and scalable infrastructure for decentralized applications while providing users with next-level privacy guarantees.

2. What is the significance of Opside’s PoW mining mechanism?

The PoW mining mechanism ensures that the platform is truly decentralized, protects the network from attacks, incentivizes users, and ensures a fair distribution of newly-minted tokens.

3. How does Opside’s cross rollup communication mechanism work?

Opside’s cross rollup communication mechanism provides developers with the ability to build blockchain applications that operate across multiple rollups, enabling fast and cheap cross-chain transactions, seamless trading of scarce assets, and more.