Opside to Launch Pre-Alpha Test Network for Three-Layer Blockchain

03/06/2023 02:23 • Tech Ticker • 130 views

On March 6, it was reported that the zk-based three-layer blockchain Opside will launch the Pre-Alpha test network in the second quarter. The main purpose is to complete a three-layer network based on the “Ethereum test network – Opside (PoW&PoS) – zkRollup (RaaS)” to provide a test environment for early applications. At present, the preliminary version of the test network has been opened on the official website, and some DeFi and game applications will be deployed on Layer3 using ZK-RaaS.

The zk-based three-layer blockchain Opside will launch the Pre-Alpha test network in the second quarter

Interpret the above information:

Opside, a zk-based three-layer blockchain, has announced the launch of its Pre-Alpha test network in the second quarter. The main aim of the test network is to establish a three-layer network based on the “Ethereum test network – Opside (PoW&PoS) – zkRollup (RaaS)” to provide an environment that facilitates early applications. The company has opened up the preliminary version of the test network on its official website, and intends to deploy some DeFi and game applications on Layer3 using ZK-RaaS.

The announcement of Opside’s Pre-Alpha test network will spark interest among software developers, DeFi enthusiasts, and crypto investors worldwide. As blockchain technology continues to evolve and experience increased adoption rates, firms that are capable of utilizing latest advancements are more likely to succeed in the marketplace. With the launch of the Pre-Alpha test network, Opside is setting itself up to be one of those firms that can innovate and create value for its users.

At its core, the three-layer network that Opside is building will enable the widespread use of decentralized finance applications, which have been limited in scalability and throughput in the past. The Ethereum test network provides the base layer, while the middle layer comprises of the Opside blockchain, which uses a combination of Proof of Work (PoW) and Proof of Stake (PoS) consensus mechanisms. This will enable the blockchain to process a high volume of tokens and smart contracts in minimal time.

The top layer of the three-layer network, which is built using zkRollup and RaaS, aims to mitigate blockchain latency issues that arise during high-volume transactions while preserving data confidentiality. This will be achieved by bundling several off-chain transactions and submitting them to the main chain as a single transaction, resulting in increased transaction speeds and reduced costs.

In conclusion, the launch of Opside’s Pre-Alpha test network represents a significant milestone in the development of blockchain technology. By utilizing the latest advancements in zk-based three-layer blockchain, the company aims to create a network that is scalable, secure, and efficient, and can enable widespread use of DeFi applications. It will be exciting to see how this project develops and how the world of blockchain technology will evolve in the coming years.

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Opside to Launch Pre-Alpha Test Network for Three-Layer Blockchain

The zk-based three-layer blockchain Opside will launch the Pre-Alpha test network in the second quarter

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