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Why Does ETH 3.0 Need Lumoz’s ZK Computing Network?

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1 week ago

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Lumoz Modular Compute Layer

Bangkok, Thailand, 10th December 2024, ZEX PR WIRE, The Lumoz Protocol is a globally distributed modular computing protocol dedicated to providing advanced zero-knowledge proof (ZKP) services. It supports the development of ZK technology and provides robust computational power for cutting-edge technologies such as ZK and AI.

Facing the challenges of computational costs in the zero-knowledge computing field, Lumoz leverages its extensive experience in ZKP, innovatively optimizing circuits and algorithms to significantly enhance computational efficiency. This effectively addresses the high costs and low efficiency of Rollup projects while lowering the barriers for ordinary users to participate in the zero-knowledge computing market.
Currently, Lumoz is a pioneer in the Rollup field. With its modular computing layer network, Lumoz has become a leading provider of top-tier zero-knowledge (ZK) computational power, supporting numerous projects such as Merlin with ZKP computing services. Lumoz continues to meet the growing demand for advanced computational support.
Lumoz Modular Compute Layer: Key Features
The Lumoz Modular Compute Layer serves as a powerful computational module with the following notable characteristics:
  • Decentralized Computing: The Lumoz Compute Layer operates on a blockchain network using a hybrid consensus mechanism of Proof of Stake (PoS) and Proof of Work (PoW), ensuring decentralized computing capabilities. This architecture provides continuous ZKP computation for zkRollups and offers a secure data processing and model training environment for AI applications.
  • High Computational Stability: Lumoz’s computational nodes consist of thousands of GPU/CPU nodes. This not only ensures the continuous computation of ZKPs but also supports the large-scale parallel computing required for AI, guaranteeing efficient execution of complex computational tasks.
  • Strong Compatibility: Lumoz is highly compatible with the blockchain industry’s leading Rollup solutions such as Polygon zkEVM, zkSync, Scroll, and Starknet. It also meets diverse AI computational needs through its unique computing mechanisms, offering robust support across various technology stacks.
  • Cost Efficiency: The Lumoz decentralized compute layer integrates an optimized economic model to enable low-cost ZKP generation. This cost efficiency extends to AI computing tasks, offering users an economical and efficient solution for both AI and blockchain computations.

Lumoz’s ZK Computing Network Boosts ETH 3.0 

In Vitalik’s The Verge roadmap, Ethereum’s SNARKification is an important initiative aimed at enhancing scalability and decentralization by applying zero-knowledge proofs to both the consensus layer and execution layer. This transformation is a key component of Ethereum 3.0’s vision. Vitalik acknowledges that modifying the consensus layer is a significant challenge that will require continuous consideration and optimization in future work.
The Beam Chain proposal, introduced by Justin Drake at DevCon, addresses this very challenge by providing a potential path to achieve SNARKification of the consensus layer. By integrating SNARK proofs and post-quantum cryptography, Beam Chain not only lowers staking barriers but also reduces block confirmation times. This brings stronger decentralization and improved performance to Ethereum.
BeamChain’s Goals
  • Block Production Goals:
    • Validator Isolation: Implementing Attester Proposer Separation and execution auctions to separate validators from block production.
    • Faster Slot Times: Reducing slot times to 4 seconds to improve block generation speed.
  • Staking Goals:
    • Lowering Staking Thresholds: Reducing the staking threshold from 32 ETH to 1 ETH to encourage broader participation.
    • Achieving Fast Finality: Implementing single-slot finality for faster transaction finalization.
  • Cryptographic Goals:
    • Chain SNARKification: Integrating zkVM to enhance system privacy and security.
    • Long-Term Security: Ensuring the cryptographic security of Ethereum remains resilient for decades or even centuries.
BeamChain is an Ethereum 3.0 consensus layer upgrade proposal. By leveraging innovative technologies such as zero-knowledge proofs and post-quantum signatures, BeamChain significantly enhances blockchain security, efficiency, and scalability.
These advancements improve transaction privacy and decentralization, reduce validation costs, and prepare the network for the challenges of future quantum computing developments. This series of innovations creates new opportunities for the blockchain industry.
Lumoz’s Key Role in BeamChain Implementation
Lumoz has played a critical role in the implementation of BeamChain by leveraging its modular design and efficient computing capabilities to drive the achievement of multiple goals:
  • Efficient Validator Isolation: Lumoz’s modular architecture provides efficient computational power to separate validators from block production. This optimization streamlines validator operations, enhancing the overall decentralization and security of the network.
  • Faster Block Generation Speed: Lumoz’s high-performance execution layer supports the reduction of slot times, which is crucial for speeding up block generation. This acceleration ensures the network can quickly respond to and process a higher volume of transactions.
  • Supporting Chain SNARKification: By integrating zkVM, Lumoz delivers powerful computational capabilities to support complex zero-knowledge proof operations. This support strengthens system privacy, improves overall security, and ensures the confidentiality and integrity of transaction data.
  • Ensuring Long-Term Security: Lumoz’s computing infrastructure provides continuous cryptographic support to Ethereum, ensuring its security remains intact for decades or even centuries. This long-term security is essential for maintaining user trust and network stability.
  • Economically Efficient Computational Support: Through its decentralized computing layer and optimized economic model, Lumoz has achieved low-cost ZKP generation. This cost efficiency is not only applicable to blockchain computation tasks but also offers economically efficient solutions for AI applications.
Through these contributions, Lumoz has not only enhanced the functionality and performance of BeamChain but also laid a solid foundation for the future development of the Ethereum ecosystem.
By enabling efficient validator computation, accelerated block generation, enhanced privacy and security, and economically efficient computational support, Lumoz has addressed the blockchain trilemma—achieving scalability without compromising decentralization or security.
This breakthrough allows Ethereum to significantly improve network scalability and user experience while maintaining decentralization and security, creating broader opportunities for future innovation and application development.

Conclusion

Lumoz is a pioneer in modular compute layer space, providing decentralized ZKP computing power to support the development of Ethereum 3.0 and Beam Chain. Amid the Ethereum community’s long-standing focus on execution layer optimization, Lumoz’s technology has advanced the Snarkification of the execution layer while paving the way for the Snarkification of the consensus layer.
The introduction of Beam Chain will shift community attention toward the transformation of the consensus layer, ushering in exciting innovations. By combining zero-knowledge proof (ZKP) technology with post-quantum cryptography, Lumoz has provided Ethereum’s ecosystem with enhanced decentralization and improved performance.
Lumoz’s robust computational stability, low-cost ZKP generation, multi-chain compatibility, and efficient computing power offer economically efficient solutions for blockchain and AI applications. These advantages have collectively driven innovation and expansion within the Ethereum ecosystem, completing a key piece of the Ethereum Snarkification puzzle.

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Press Release

Fairbanc Secures $3.13M from Indonesian State-Owned Bahana Artha Ventura to Boost SME Lending

Published

36 minutes ago

on

December 19, 2024

By

Singapore, 18 December 2024 – Fairbanc, a Singapore and Silicon Valley-based fintech platform specializing in B2B supply chain financing in Indonesia, has secured $3.13 million (IDR 50 billion) in funding from Indonesian state-owned Bahana Artha Ventura (BAV). The investment will support Fairbanc’s expansion in SME lending and enhance its operations.

Bahana Artha Ventura, part of the state-owned IFG Group which manages over $20 billion in assets, focuses on fostering high-growth and innovative startups in fintech and technology. Agus Wicaksono, President Director of BAV, stated, “Fairbanc’s technology and data-driven approach to credit will enable us to target SMEs in need of growth capital. We are confident this partnership will evolve into a scalable SME lending platform for BAV.”

The funding comes as Fairbanc nears profitability, financing over 250,000 merchants across Indonesia. This investment adds to a

successful year for Fairbanc, with over $40 million raised from prominent investors, including SMBC, Pegadaian (BRI Group). Additionally, Fairbanc raised equity capital from the Asian Development Bank, East Ventures, OakDrive Venture, Lippo Group, 500 Global, Accion Venture Labs, and Indonesian billionaire Michael Sampoerna.

Agus Wicaksono, the President Director of BAV and Mir Haque, Founder & CEO of Fairbanc / Photo credit: Fairbanc

Fairbanc’s technology leverages AI and machine learning to extract credit scores by connecting with Big Data from the major brands’ ERP systems, including Unilever, Danone, and Nestlé. Founded in 2019 by Mir Haque, a Wharton MBA with experience at Google, Adobe, McKinsey, and Deutsche Bank, Fairbanc aims to address financial inclusion challenges in emerging markets. According to a Unilever survey, 80% of Fairbanc’s beneficiaries are unbanked, and 70% are women merchants who report a 35% average increase in sales due to Fairbanc’s BNPL technology.

Fairbanc-BAV Signing Ceremony / Photo credit: Fairbanc

With a mission to serve the fourth-largest unbanked population globally, Fairbanc views Indonesia as a launchpad for scalable credit solutions, with plans to expand into Vietnam and the Philippines in partnership with Unilever. “We see this as a tremendous opportunity to uplift millions of underserved merchants out of poverty while driving economic revitalization,” said Mir Haque, Founder and CEO of Fairbanc.

For media inquiries,

contact: mir@fairbanc.app

fairbanc.app 

Singapore, Singapore

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Press Release

Winvest Group Limited Stock Leaves the Pink And Makes the Leap to OTCQB

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1 hour ago

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December 19, 2024

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Reno, NV – 19/12/2024 – (SeaPRwire) – Winvest Group Limited (OTCQB: WNLV) (“Winvest”), an investment holding company with diverse media, entertainment, and technology portfolios, is thrilled to announce that its stock – currently traded on the OTC Markets under the ticker WNLV – was upgraded from “Pink Sheets” status to OTCQB, as approved by the U.S. Securities and Exchange Commission (SEC), on December 9, 2024. Also known as “The Venture Market,” OTCQB is the middle tier of the over-the-counter market for U.S. stocks.

“This massively important milestone reflects our commitment to growth, transparency, financial discipline, and shareholder value,” said Jeffrey Wong, CEO of Winvest. “In addition, the move to OTCQB offers tremendous benefits, including enhanced visibility, increased trust, and better liquidity, which will only help to set us apart as we continue to pioneer a new model of content creation and sustainable entertainment investments.”

 Recently, the company signalled that it would be strategically applying the Annual Recurring Revenue (ARR) model to its media and entertainment holdings, which include full-length feature films and limited series produced by its Los Angeles-based subsidiary, IQI Media Inc. This approach allows for diversified revenue streams – from direct sales to licensing deals – as well as continuous audience engagement and data-driven investments based on financially sound performance metrics.

IQI Media is also poised to roll out a proprietary SaaS solution for content distribution called Launchrr that aims to revolutionize the streaming ecosystem. Scheduled to debut and begin beta trials in 2025, Launchrr dramatically streamlines content production and distribution, speeding up the time to market, while also employing in-depth data analytics to monitor audience behavior and improve a streaming title’s performance in real time.

“We see Launchrr as the behind-the-scenes wizard, not the front-of-the-stage showman,” said Khiow Hui Lim, Founder of IQI Media and Chief Strategy Officer at Winvest. “It’s a much-needed middleware solution to the streaming saga that tackles the industry’s biggest issues head on. Using AI-driven intelligent automation, it offers real-time insights and earnings, interactive dashboards, predictive analytics, and blockchain-based security for intellectual property like ownership records and licensing contracts – all the things that content creators desperately need to have more control over their project’s distribution and profitability.”

Altogether, these industry-leading advances make for an exciting moment for IQI Media and parent company Winvest. “Our noteworthy upgrade to the OTCQB tier, in conjunction with our adoption of the ARR model and continued investments in cutting-edge technology like Launchrr, puts us at the forefront of content innovation,” said Jeffrey. “We believe that Winvest’s emphasis on quality content, unique storytelling, and forward-thinking technological integration will define the next era of streaming media consumption.”

About Winvest Group Limited

Headquartered in Reno, Nevada, Winvest is an investment holding company focused on media, entertainment, and technology. Shares in the company are currently traded on the OTC Markets (QB tier) under the stock ticker “WNLV,” with plans to upgrade to Nasdaq and pursue an IPO in the near future. For additional information about Winvest and its investment opportunities, please visit http://www.winvestgroup.co.

 Investor and Media Contact

Fiona Ng

Winvest Group Limited

50 West Liberty Street, Suite 880, Reno NV 89501

Email: fiona.ng@winxglobal.com

Phone: 775-996-0288

 

The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.

Sectors: Top Story, Corporate News

SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in different languages, including: IndonesiaFolk, IndoNewswire, SEATribune, IDNewsZone, LiveBerita, DailyBerita, TaiwanPR, SinchewBusiness, AsiaEase, BuzzHongKong, SingapuraNow, TIHongKong, TaipeiCool, TWZip, AsiaFeatured, dePresseNow, THNewson, KULPR, VNFeatured, MENAEntry, HunaTimes, DubaiLite, ArabicDir, BeritaDaring, TekanAsia, JamKopi …

 

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Press Release

WorldShards Rolls Out Complete Economy System with Pre-TGE Airdrops for Players

Published

5 hours ago

on

December 19, 2024

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Abu Dhabi, UAE, 19th December 2024, ZEX PR WIRE, The WorldShards team is super excited to announce the opening of its in-game economy. The project went live on Open Loot, right alongside Big Time and other successful Web3 games.

The full economy will go live in December 2024, after which the TGE will follow early in 2025. This milestone shows how far it has come since the February 2024 early access release of the game.

New Opportunities for WorldShards Players

New opportunities are on the horizon for avid gamers as the highly anticipated in-game economy launch approaches.

Proxy Tokens will be introduced in mid-December. At this point, these tokens will become the main currency to access NFT crafting and in-game upgrades. This feature will let players focus on gameplay and convert their tokens at a 1:1 ratio during the 2025 TGE.

WorldShards is removing access code requirements this December, providing all users with a 30-day trial period to experience the game. And if certain in-game activity criteria are met during this trial, players can permanently join the ranks of WorldShards enthusiasts.

Rewards and Community Empowerment

Another important feature that gamers will appreciate in Phase 2 is the airdrop campaign. This represents a form of reward for active players, including trial members, depending on their merits in the game. Importantly, one does not have to own an NFT to be eligible for inclusion in the airdrop.

Current players are given welcome bundles as an added bonus to gift to their peers. These bundles grant full game access and a generous amount of premium currency called gems. Additionally, future purchases of Welcome Bundles will also come with an extra bundle to gift.

About WorldShards

WorldShards is an MMORPG game developed by the experienced veterans of Lowkick Studio in collaboration with Abu Dhabi Gaming. It is a cross-platform game that opens an entire world for players beyond conventional limits. The project was launched in cooperation with the Open Loot platform, the creators of Big Time and the $OL token.

Since its launch, WorldShards has gathered tens of thousands of players from all over the world. Actually, the project is able to boast of more than 300,000 members in its online community. Sales success is a nice backup for such a growth strategy that the project is following. In 2024 alone, WorldShards gathered over $4 million after selling Artifact Boxes, Mystery Island Boxes, and Founder’s Lootboxes.

Anyone interested in learning more about WorldShards should refer to the official website of the project. Also, here is the game launcher link. The social pages listed below regularly keep players updated on WorldShards news and exclusives.

X (Twitter) | Telegram | Discord | Twitch | Steam

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