May 22, 2023
Opside, a decentralized ZK-RaaS (ZKRollup-as-a-Service) network featuring Zero-Knowledge Proof (ZKP) mining, is emerging as a leading force in the market. Its innovative approach, combining Proof of Stake (PoS) and Proof of Work (PoW), allows Web3 developers to swiftly generate a zkEVM application chain with a mere click. This action triggers an abundance of ZK-Rollups, creating substantial computational tasks. These tasks present an enticing mining prospect for global miners, effectively harnessing the immense computational power left idle by Ethereum's transition away from PoW.
We believe in the potent synergy between ZK technology and RaaS, which promises to revolutionize the experience for both users and developers.
Layer 2s, currently the most widely embraced solutions, enhances Ethereum's scalability significantly. Developers are progressively gravitating towards blockchains offering reduced costs, superior performance, and the capability to meet customized requirements. As the market matures, we anticipate a surge in these demands. Increasing the value capture of application governance tokens through application chains emerges as a promising solution to these evolving needs, with RaaS poised to deliver this solution.
While the majority of RaaS services lean on optimistic rollup due to its accessible entry barrier and high compatibility, we are particularly enthusiastic about the potential of ZK-Rollup. This is because of its heightened security, interoperability, and finality time. Opside's ZK-RaaS emerges as a robust foundation for ZK-Rollup, bringing significant benefits in terms of security, withdrawal speed, and numerous other crucial aspects.
Opside offers a modular RaaS solution:
PoS: Opside Chain will incorporate Ethereum 2.0's PoS algorithm with necessary customizations. This will allow Opside to onboard over 100,000 validators. Anyone holding IDE tokens can become a validator and be eligible for block rewards and gas fees.
In line with the PoS & PoW hybrid consensus, block rewards are split between PoS and PoW parts, corresponding to Validators and Miners. In the pre-alpha testnet phase, the ratio of PoS to PoW block rewards is temporarily fixed at 1:2, with 11% of IDE allocated to Validators, and 22% of rewards allocated to Miners. Future adjustments will reflect the supply-demand dynamics of the network's ZKP computational power.
Essentially, the Opside chain embraces Ethereum 2.0's PoS consensus, with the ambition to recruit over 100,000 validators. Simultaneously, the permissionless PoW model is designed to attract a more extensive cohort of miners to collectively uphold the network's security. According to Opside's trailblazing economic model, developers are only required to cover the costs for rollup slots, thereby effectively managing the costs of ZK-Rollup.
Opside's ZK-RaaS service, which facilitates a seamless one-click zkEVM chain issuance, paves the way for enhanced scalability and significantly lowers entry barriers.
In its endeavor to enable developers to effortlessly establish their own Rollup via Opside's services, the platform has developed an intuitive front-end service, achieving:
Comprehensive Hardware Hosting: Opside caters to the two essential hardware resources required by ZK-Rollup - data availability (comparable to hard disk) and ZKP computational power (akin to CPU) - in a decentralized and permissionless fashion through PoS and PoW, respectively. Consequently, developers are relieved from any hardware cost-related concerns.
Sovereignty: Developers retain sovereignty over ZK-Rollup, enjoying the freedom to customize the rollup economic model, even lowering the gas fee to zero.
EVM Compatibility: Developers can select from a diverse range of zkEVM SDKs, such as Polygon zkEVM, scroll, zkSync, StarkNet, and more, essentially eliminating application migration costs.
Thanks to these services, developers are empowered to conveniently generate their own ZK-Rollup (especially zkEVM), and the flexibility to set their own gas fees paves the way for the further expansion of fully on-chain applications.
An accomplished and dedicated ZK development team underlies robust product delivery capabilities.
All team members boast several years of experience in the blockchain sphere and possess deep-rooted knowledge of Zk technology. Consequently, the team demonstrates superior execution capabilities and a solid foundation when it comes to the technical development of ZKRollup.