Opside ZK-RaaS Platform to Launch Pre-Alpha Testing Network in May

05/02/2023 01:25 • NFT Newsflash • 288 views

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 announced the launch of their Pre-Alpha testing network for the three-layer architecture ZK-RaaS platform. This is a significant step towards achieving decentralization of ZK Rollup proof nodes, and completing the cross-rollup communication mechanism. This article will explore the features of the platform and the significance of the Pre-Alpha testing network.

The Opside ZK-RaaS Platform

The Opside ZK-RaaS platform is a three-layer architecture designed to increase the privacy and scalability of blockchain protocols. The platform uses zero-knowledge proof (ZKP) to ensure the privacy and security of transactions. The first layer is the Rollup protocol, which aggregates transactions and compresses them into a single transaction. The second layer is the sequencer, which orders transactions and generates zero-knowledge proofs. The third layer is the main chain, which verifies zero-knowledge proofs and rewards sequencers.

The Pre-Alpha Testing Network

The Pre-Alpha testing network is a critical step towards the launch of the final platform. This testing network will allow Opside to test the platform’s functionality and improve its scalability and security. The Pre-Alpha testing network will only be accessible to a select group of users who have been invited to participate. The results and feedback obtained from the Pre-Alpha testing network will be incorporated into the Alpha test network, which is set to launch in August.

The Alpha Test Network

The Alpha test network is the second stage of testing and will allow a larger group of users to test the platform. The Alpha test network will aim to achieve decentralization of ZK rollup proof nodes, complete the Proof of Work (PoW) mining mechanism, decentralization of sequencers, and the cross-rollup communication mechanism. The Alpha test network will also incorporate feedback and results obtained from the Pre-Alpha test network.

The Final Test Network

The final test network is expected to be launched in November. This network will incorporate all features of the platform and test its scalability and security in a real-world setting. The results obtained from this test network will determine the platform’s readiness for launch.

Seed Round Financing and Future Plans

Opside recently 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 aims to fill the market gap of insufficient ZK RaaS solution services at the current stage and focus on innovation in the PoS+PoW hybrid consensus mechanism.

Conclusion

The launch of the Pre-Alpha testing network for the Opside ZK-RaaS platform is a significant milestone in the development of the platform. The Alpha test network and the final test network will allow Opside to test the scalability and security of the platform and incorporate feedback from users. With the completion of a $4 million seed round financing, Opside is poised to fill the market gap of insufficient ZK RaaS solution services at the current stage and focus on innovation in the PoS+PoW hybrid consensus mechanism.

FAQs

1. What is the Opside ZK-RaaS platform?

The Opside ZK-RaaS platform is a three-layer architecture designed to increase the privacy and scalability of blockchain protocols.

2. What is the significance of the Pre-Alpha testing network?

The Pre-Alpha testing network will allow Opside to test the platform’s functionality and improve its scalability and security.

3. What is the expected launch date for the final test network?

The final test network is expected to be launched in November.

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