The Zero-Knowledge (ZK) landscape has long grappled with challenges such as unjust valuations, barriers to user participation, and a pervasive dominance by venture capitalists. In a transformative move, ZKFair has emerged as a beacon of change—a community-driven initiative set to rectify the imbalances within the ZK ecosystem.
ZKFair is poised to launch its Testnet on December 6th, followed by the Mainnet launch around December 20th. This groundbreaking initiative is the brainchild of Lumoz, a prominent player in the ZK-RaaS sector. Lumoz, formerly known as Opside, recently announced the upcoming launch of StableNet in December during the RaaS Day, a collaborative event held in partnership with Polygon.
Lumoz has set itself apart by supporting code-free generation of ZK-Rollup app-chains, utilizing the ZK-PoW mining mechanism to offer Zero-Knowledge Proof (ZKP) arithmetic through a decentralized prover network. Lumoz is recognized as an authorized CDK technology provider by Polygon and it has undergone substantial technical improvements, presenting personalized upgrades designed exclusively for Polygon CDK.
Notably, Lumoz has broadened its assistance to encompass alternative zkEVM variants, including zkSync and Scroll. StableNet, an advanced zkEVM built on Ethereum as Layer 1, introduces numerous innovative features that distinguish it in the dynamic and evolving blockchain environment.
Redefining the Future of ZK Technology
The ZK ecosystem currently faces several challenges, including an inflated valuation, barriers to user engagement, and a landscape often monopolized by venture capitalists. Existing ZK L2 solutions lack differentiation, leading to user disinterest and manipulation. Many projects in the crypto space incentivize users to increase interactions to earn transaction fees, often resulting in manipulation or exclusion.
The call for a fair and user-friendly ZK L2 network has grown louder, prompting the community to rally for change. ZKFair envisions an L2 ZK network free from external governance, powered entirely by the community and built on principles of fairness and justice. It stands as a platform for active community participation, where users contribute to the evolution of ZK and reap rewards proportional to their dedication. ZKFair represents a departure from the status quo, championing community-driven values:
- Every token is launched with a super-low initial evaluation, ensuring equal opportunities for all community members.
- All rewards and gas fee revenue flow back to the community.
- ZKFair encourages the proliferation of creative projects, inviting ideas for community development.
On the technical front, ZKFair leverages cutting-edge ZK technology:
- The first L2 to use USDC as the gas token, providing a stable and transparent fee structure.
- The first ZK-Rollup based on Polygon CDK & Celestia DA.
- The first L2 to support atomic cross-rollup communication, allowing direct interaction with Dapps on Ethereum L1.
- The first L2 to support the decentralized prover network, ensuring stable and reliable zero-knowledge proof computation.
The community’s power is central to ZKFair’s philosophy, with 11 governance members elected through community voting to ensure a balanced decision-making process. Recognizing the monotony in current applications and indistinguishable ZKEVMs, ZKFair calls upon ordinary individuals to contribute to making ZK more accessible and user-friendly.
Creative projects are not only encouraged but celebrated on ZKFair, bringing rewards to those who innovate. The platform aims to integrate with the BTC ecosystem in the near future, potentially serving as an L2 solution for Bitcoin. Overall, ZKFair presents itself as a beacon in the ZK ecosystem, advocating for a community-driven ZK L2 network.
The community’s active participation is crucial for shaping a technically robust, fair, and accessible ZK ecosystem. ZKFair is set to launch its Testnet on December 6th, and the Mainnet launch is expected around December 20th. As ZKFair invites the community to join this transformative journey, it signals the dawn of a new era in ZK technology—one driven by the collective vision, creativity, and inclusivity of the community it serves.
