The present zero-knowledge (ZK) panorama, whereas revolutionary, faces important challenges, as highlighted in a latest weblog submit by ZKFair, a brand new mainnet created by Lumoz.
Points reminiscent of inflated valuations, enterprise capital dominance, and an absence of differentiation amongst current Layer 2 options are inflicting disengagement and manipulation amongst customers.
“ZK faces hurdles reminiscent of an excessively excessive valuation, insurmountable boundaries to consumer participation, and sometimes monopolization by VCs,” the submit reads, mentioning the necessity for extra equitable and user-centric approaches within the blockchain area.
In response to the problems it described, Lumoz introduced that its ZKFair challenge will launch a completely community-owned Layer 2 answer as a testnet on Wednesday, December 6, and mainnet on January 20. ZKFair additionally introduced that the launch shall 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 energetic group participation and is, in keeping with the weblog submit, “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 among the hallmarks of the platform.
ZKFair plans to make use of the USDC stablecoin as its gasoline token as a part of the hassle to offer a clear construction. It can 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 based mostly on the Polygon (MATIC) Chain Improvement Package (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-Data Proof mining (ZKP mining) and serves as a proof-of-work (PoW) community. It was beforehand often known as Opside.
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