Opside Set to Launch Pre Alpha Testing Network, Aims to Achieve Complete Decentralization of ZK-RaaS Platform

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

Introduction

On May 2nd, Opside, the developer of the three-layer architecture ZK-RaaS (ZK Rollups as a Service) platform, announced that the pre alpha testing network of its solution will be launched in May. The platform is designed to achieve complete decentralization of ZK Rollup proof nodes, the complete PoW (Proof of Work) mining mechanism, the decentralization of sequencers, and the cross Rollup communication mechanism with the aim of filling the market gap of insufficient ZK RaaS solution services at the current stage.

The Purpose Of The ZK-RaaS Platform

The ZK-RaaS platform is a solution that aims to offer privacy and scalability to the Ethereum blockchain. Ethereum’s current system is vulnerable to slow transactions and is not scalable when the network gets congested, leading to a high gas fee. The platform’s architecture is composed of three layers: the application logic layer, the sequencer layer, and the Rollup layer.

What is the Pre Alpha Testing Network?

The Pre Alpha Testing Network, which is set to launch in May, is a limited and exclusive network meant for testing the platform among a restricted number of participants. This is to refine the platform’s features, functionalities, and ensure that tests and results are reliable.

Alpha Test Network expected to launch in August

The Alpha test network is expected to launch in August; this test network will have advanced features compared to the pre alpha testing network. It will target a broader range of participants who will test, use, and help refine the platform’s features.

Decentralization of Proof nodes and Sequencers

Opside’s bet on decentralization is critical to achieving complete scalability and privacy without compromising security to its users. This is achieved through ZK Rollups, a combination of Zero Knowledge (ZK) technology, and state-of-the-art cryptography that offloads most of the processing overhead from Ethereum’s blockchain and processes data much faster. The first phase aims to decentralize proof nodes, which are responsible for confirming the correct state transitions of Rollup.
The second phase aims to decentralize sequencers, which are responsible for ordering and publishing blocks in Rollup. Using the PoS (Proof of Stake/PoS) + PoW (Proof of Work) hybrid consensus mechanism will enable the platform to offer validators incentives for staking in the platform. This will improve the platform’s resilience, making it more secure.

Cross Rollup Communication Mechanism

The platform’s third phase is to achieve cross Rollup communication, which enables the platform to process transactions between different Rollups. This enables scalability and direct communication between users in different Rollups, making it easier to interact without needing a bridge.

Seed Round Financing and Growth

Opside recently announced a $4M seed round financing, led by Web3.com Ventures. The funds raised will enable them to accelerate their growth, expand their team and focus on innovation in PoS+PoW hybrid consensus mechanism, offering a complete solution for ZK RaaS services in the market.

Conclusion

Opside’s ZK Rollup solution has the potential to address many problems faced by Ethereum’s blockchain. The focus on decentralization of proof nodes and sequencers will increase the system’s resilience and scalability, making the Ethereum ecosystem stronger and better positioned. The cross Rollup communication mechanism will enable direct communication between users in different Rollups.

FAQ

– **What is the ZK-RaaS platform?**
The ZK-RaaS platform is a three-layered architecture solution aimed at offering privacy and scalability to the Ethereum blockchain.
– **What is the Pre Alpha Testing Network?**
The Pre Alpha Testing Network is a limited and exclusive network meant for testing the platform among a restricted number of participants. This is to refine the platform’s features, functionalities and ensure that tests and results are reliable
– **What are the benefits of the ZK Rollups for Ethereum blockchain?**
ZK Rollups, a combination of Zero-Knowledge technology, and state-of-the-art cryptography offloads most of the processing overhead from Ethereum’s blockchain and processes data much faster, which leads to a high gas fee.