Opside’s ZK-RaaS Platform to Launch Pre Alpha Test Network in May

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 upcoming launch of the Pre alpha testing network for their innovative ZK-RaaS platform. Opside aims to revolutionize the market for ZK Rollup proof nodes by achieving decentralization, complete PoW mining mechanism, decentralization of sequencers, and cross Rollup communication mechanism.

What is the ZK-RaaS platform?

The ZK-RaaS platform is a three-layer architecture that offers a solution to the scalability challenges of traditional blockchain technology. It uses ZK Rollup, a Layer 2 scaling solution that can increase the throughput of blockchain networks while reducing transaction fees.

Why is decentralization important?

Decentralization ensures that a blockchain network is secure, transparent, and immutable. In a decentralized system, there is no central authority controlling the network, and all participants have an equal say in the decision-making process.

What is PoW mining mechanism?

PoW (Proof of Work) is a consensus mechanism used in blockchain networks, where the participants (miners) compete to solve complex mathematical problems to add new blocks to the chain. This process ensures the security and integrity of the network.

How does ZK-RaaS platform achieve decentralization of sequencers?

Sequencers are nodes that are responsible for processing and validating transactions in a blockchain network. In the ZK-RaaS platform, sequencers will be decentralized, and all participants will have an equal chance to become a sequencer.

How does cross Rollup communication mechanism work?

Cross Rollup communication mechanism allows different ZK Rollup chains to communicate with each other. This feature will enable seamless integration of different applications on the blockchain network.

Seed Round Financing

Opside recently announced the completion of a $4 million seed round financing led by Web3.com Ventures. These funds will be utilized to accelerate the development of the ZK RaaS platform, expand the team and operational scale.

Conclusion

Opside’s ZK-RaaS platform has the potential to revolutionize the blockchain landscape by achieving decentralization, scalability, and interoperability. With the upcoming launch of the Pre alpha test network in May, we can expect to see more developments in the near future.

FAQs

Q: What is the ZK-RaaS platform?
A: The ZK-RaaS platform is a three-layer architecture that aims to solve the scalability issues of traditional blockchain technology by using ZK Rollup.
Q: What is PoW mining mechanism?
A: PoW (Proof of Work) mining mechanism is used in blockchain networks, where miners compete to solve complex mathematical problems to add new blocks to the chain.
Q: What is decentralized sequencing?
A: In the ZK-RaaS platform, sequencers will be decentralized, and all participants will have an equal chance to become a sequencer.