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The world of business is constantly evolving, driven by advancements in technology and changing market dynamics. Amidst this landscape, emerges as a powerful platform offering innovative solutions and opportunities for businesses. With its decentralized architecture, smart contract capabilities, and transparent ledger system, Obyte provides a fertile ground for diverse business use cases. Obyte From revolutionizing supply chain management to enabling secure transactions through smart contracts, unlocks new avenues for growth, efficiency, and profitability. In this ever-evolving business ecosystem, embracing Obyte has the power to reshape industries, foster trust, and open doors to exciting opportunities. Let’s explore some potential business use cases here. Obyte Supply Chain Management Obyte's distributed ledger technology can be leveraged to create a transparent and immutable supply chain management system. Businesses can track and verify the movement of goods, reduce counterfeit products, and ensure the authenticity and integrity of their supply chain data. Each stage of the supply chain process, These transactions are immutable and can be accessed by authorized parties, ensuring transparency and integrity throughout the supply chain. from raw material procurement to the final product delivery, can be recorded as transactions on the . Obyte platform Let's consider an example of a coffee company that sources its beans from multiple farms globally. With Obyte, each farm can record the details of their coffee beans, including origin, quality, and certifications, on a decentralized DAG (Directed Acyclic Graph). As the beans move through different stages, such as processing, packaging, and distribution, relevant information is added in the form of transactions. This includes timestamps, location data, and quality control measures. Using Obyte, the coffee company can easily track and verify the journey of their beans, ensuring that they meet the required standards and certifications. They can also provide end consumers with transparent information about the product's origin, ethical sourcing, and environmental impact. This increased transparency can build trust among consumers and differentiate any company from its competitors. Besides, by reducing counterfeit products and ensuring the authenticity of goods, The enhanced supply chain visibility provided by Obyte can also lead to more efficient inventory management, reducing costs associated with overstocking or stockouts. Additionally, improved transparency and traceability can attract consumers who value ethical sourcing and sustainable practices, potentially increasing market share and customer loyalty. the business can protect its brand reputation and avoid revenue losses due to fraudulent activities. Automated contracts and decentralized escrow Obyte offers several types of that would allow any business to automate and enforce contractual agreements without the need for intermediaries. They can be used for various purposes, such as escrow services, ensuring secure and transparent transactions, and reducing the risk of fraud. smart contracts If they’re not (a type of simple contract also available in Obyte), they ensure that transactions occur only when predefined conditions are met, providing trust and security for business interactions. It’s also possible for businesses to select an expert arbiter from the ArbStore to solve any potential dispute between parties. These contracts are self-executing and enforceable, with the terms and conditions directly written into code. prosaic An international example Let's say Company A, based in the United States, wants to purchase a batch of goods from a supplier in China (usually cheaper than other places). To ensure a smooth transaction and mitigate risks, they decide to use on the Obyte platform. a contract with arbitration Company A and the supplier agree on the terms of the purchase, including the quantity, quality standards, and delivery schedule. They create the contract with all these details on the Obyte wallet, including payment terms, conditions, and a mutually selected arbiter from the ArbStore. Once the smart contract is in place, Company A initiates the payment by depositing the agreed-upon amount into the contract in the wallet. Upon the arrival of the goods in the United States and a successful inspection by the buyer, the latter releases the funds to the supplier. The funds are then locked in the escrow until predefined conditions are met. Just in case Company A decides to misbehave and keep the funds locked, the supplier can contact the arbiter and present evidence of the situation Similarly, Company A can call the arbiter if the supplier doesn’t ship the agreed-upon goods. Then, the arbiter will decide who keeps the funds, since they have the power to release them to any of the parties. This way, both sides gain confidence in the international transaction, streamline the purchasing process, and reduce the potential for fraud. And the only costs involved are the DAG transaction fees, which are usually lower than $0.0001 in any available token. Only in the case of a dispute, an additional fee would be added to pay for the arbiter's services. Identity Verification Obyte can provide a secure and decentralized solution for identity verification and Know Your Customer (KYC) processes. , ensuring data privacy and reducing the risk of identity theft. It enables businesses to authenticate user identities without relying on centralized authorities or high costs At the same time, users could enjoy more privacy. After verifying themselves on Obyte, if it’s sufficient for the company or service they’re using, the only thing they’d have to share is , and not their personal data. the verification itself ID in a marketplace We can imagine here an example of an online marketplace that connects buyers and sellers. To ensure a safe and trustworthy environment, the marketplace implements identity verification using Obyte. When a user registers on the platform, they would need to have their own Real Name Attestation (unique ID), previously acquired through the Obyte wallet. A chatbot is available in the wallet to guide the process, and, in just a few minutes, any user can obtain their own self-sovereign ID. The user's information is cryptographically hashed and stored on the Obyte DAG, ensuring data privacy and security. providing confidence in the authenticity of each user's identity. This digital identity can be accessed by other users or businesses participating in the marketplace, For instance, a seller on the marketplace can view the verified status of a potential buyer before engaging in a transaction. This helps establish trust and reduces the risk of fraud or scams. Buyers, on the other hand, can make informed decisions based on the verified identities of sellers, ensuring a safer and more reliable shopping experience. As a key observation, according to a survey by the data firm , technology is quite needed to avoid identity fraud and protect the revenue of businesses. PMYNTS “Fraud limited international growth for 36% of companies using reactive, manual detection methods, compared to only 5% of companies using proactive, automated solutions. Companies using manual methods were also more likely to be difficult for customers to work with and to have trouble onboarding new ones.” Tokenization of Assets Obyte's tokenization capabilities enable businesses to represent physical or digital assets, such as real estate, intellectual property, or loyalty points, as tokens on the DAG. This allows for increased liquidity, fractional ownership, and efficient transfer of assets. By using the Obyte Asset Registry (no coding needed) or the numerous tools available for developers, any company can . create its own customized tokens We can use here an example of an already-existing company using Obyte this way: . They offer gold investments represented by tokens created on Obyte. As you may know, gold isn’t exactly portable, digital, or immediately liquid. To solve these issues, Aufort is representing their gold reserves with customized tokens internally. Their platform uses Obyte as a back-end system to store user balances and transactions –always visible on . Aufort the DAG Another potential use case would be a real estate company that owns multiple properties. They could decide to tokenize a commercial property using Obyte. The property is divided into digital tokens, and each token represents a fractional ownership stake in the asset. Even if it’s just $50 or less, any user would be able to buy and sell its ownership fraction on any property, regardless of the total price. The ownership and transfer of tokens are recorded on the Obyte DAG, providing transparency and immutability for businesses and individual users alike. More benefits The benefits of tokenizing the asset are twofold. Firstly, it allows the real estate company to unlock liquidity by offering investors the opportunity to buy and sell tokens representing fractional ownership. This improves access to investment opportunities and can attract a broader range of investors. Secondly, tokenization simplifies the process of transferring ownership. Instead of dealing with cumbersome paperwork and intermediaries, the transfer of tokens can be executed digitally and instantaneously, reducing administrative burdens and costs. As an extra benefit, the company can attract more investors, potentially driving up demand for tokens and increasing their value. Also, tokenization can enable the company to leverage its assets more efficiently, such as by offering rental income through tokenized properties or utilizing tokens as collateral for financing opportunities. According to by the Global Financial Markets Association (GFMA), (such as properties) by 2030. a report distributed ledger technology like Obyte could unlock access to around $16 trillion in tokenized illiquid assets Decentralized Applications The world of DApps is wide and full of possibilities, and Obyte can offer the most decentralized version of this. Developing (DApps) on the Obyte platform allows businesses to create all kinds of innovative and secure solutions. This platform provides transparency, immutability, and better user control. Decentralized Applications Let's examine an example of a financial services company that wants to develop a peer-to-peer lending platform as a DApp on Obyte. The company aims to connect borrowers and lenders directly, eliminating the need for traditional intermediaries like banks. Using Obyte's platform, the company develops a DApp that allows borrowers to create loan requests and lenders to fund those requests. The functionality of Obyte ensures that loan terms and repayment conditions are coded into the system, automating the lending process and reducing the risk of default. t Autonomous Agen Through the DApp, borrowers and lenders can interact directly, negotiate terms, and complete transactions securely. The decentralized nature of the DApp ensures transparency, as all loan transactions and repayment history are recorded on the Obyte DAG. The potential improvement in income for a company using DApps on Obyte can be substantial. By removing intermediaries and reducing operational costs, . This can attract a larger user base, increasing transaction volumes and potential revenue streams. businesses can offer more competitive interest rates to borrowers and attractive returns to lenders By taking advantage of all these , any business worldwide can improve its own systems and income sources. Obyte serves as a versatile platform that equips businesses with the tools to enhance transparency, security, efficiency, and innovation in their operations, fostering growth and success. Obyte features Featured Vector Image by / Freepik vectorjuice

Discovering the Power of Obyte: Top Business Use Cases Revealed

Descubriendo el poder de Obyte: se revelan los principales casos de uso comercial

Découvrir la puissance d'Obyte : les principaux cas d'utilisation commerciale révélés

ओबाइट की शक्ति की खोज: शीर्ष व्यावसायिक उपयोग के मामलों का खुलासा

Obyte の力の発見: 明らかになったトップのビジネス ユースケース

Descobrindo o poder do Obyte: principais casos de uso de negócios revelados

Khám phá sức mạnh của Obyte: Các trường hợp sử dụng kinh doanh hàng đầu được tiết lộ

发现 Obyte 的力量：公布的顶级业务用例

The good news of the , the European authority for anti-money laundering and countering terrorist financing, in Frankfurt, signals an expected change in the financial industry. is ready to collaborate with its members to ensure the financial crime fight has the means to be successful. establishment of AMLA The EU While this is just the start of more monitoring, AMLA will be operational in 2025, one thing is clear: customer mindsets are shifting towards a greater emphasis on technology and data management in financial crime prevention, according to , CEO of a Swedish regtech company. Gabriella Bussien Trapets, Bussien highlighted the importance of leveraging knowledge providers and in-house development, as well as stressing the need for banks to stay ahead through innovation and technology-driven solutions. Additionally, Bussien discussed the importance of educating customers about Know Your Customer (KYC) processes to avoid misunderstandings and mistrust. The AMLA driving factor The importance of the creation of AMLA is symptomatic of a specific moment.  Why has the EU decided to establish it now? What factors have led to this decision, and why wasn’t it created 10 or 20 years ago? Understanding the timing and rationale behind AMLA’s creation is crucial in grasping its significance in the fight against financial crime. For Bussien, the question arises as to why such measures haven’t been taken earlier. “However, when coordinating actions across multiple countries, there are inherent challenges in fostering willingness to collaborate. It seems that the recognition of the absolute necessity for such collaboration has matured over time. As the global landscape evolves, there’s a growing understanding that addressing financial crime requires a united, collaborative approach,” she said. She stresses the fact that within the EU, for instance, it’s increasingly apparent that ignoring these issues is no longer feasible. Thus, there’s a shift towards acknowledging the need for a comprehensive, collective response. “While debates may persist, it’s encouraging to see a realization emerging that significant action is warranted from both EU institutions and member states to address financial crime from a holistic perspective,” she added. It’s easy to think that this will be a pivotal moment for combating financial crime in Europe, but is it? What is clear is that this EU decision will establish a greater level of consistency and overarching supervision power, creating a more unified approach. From this perspective, added Bussien, it’s about ensuring stability and equality across the board within the EU financial system. This move towards centralized oversight aims to prevent fragmentation and promote a cohesive strategy in combating financial crime. The new financial rap From a customer perspective, there’s a renewed heightened awareness regarding financial institutions and their susceptibility to financial crimes, particularly in newer generations, who are accustomed to stringent KYC protocols and thorough background checks before becoming customers. For Trapets’ CEO, there’s a shift in expectations, akin to the emphasis on sustainability in business dealings. “Customers are increasingly discerning about where their money is invested, conducting extensive research before choosing a financial institution. This trend, observed especially among newer generations, signifies a departure from the past, where switching banks was less common due to digital barriers,” commented Bussien. The ease of digital banking has facilitated this shift, allowing customers to be more flexible in their choices. As a result, there’s a growing emphasis on informed decision-making and conscientious banking practices among consumers, particularly among younger generations. But, as Bussien said, regarding false positives and their impact on customer bank switching, it’s a complex issue. Reports, such as those in the , highlight instances of false positives leading to account closures by banks. “While these closures may occur due to system protocols rather than any illegal activity on the customer’s part, it still can lead to dissatisfaction, especially if one relies heavily on digital banking,” Bussien commented. “It’s crucial for banks to have robust KYC processes in place to minimize false positives and ensure knowledgeable staff capable of making informed decisions.” New York Times It seems clear that customers must understand that KYC questionnaires are linked to behavior analysis monitored by banks. Any inconsistencies between stated intentions and actual actions can prompt alerts. However, for Bussien, it’s equally important for banks to handle these situations delicately. Instead of immediately closing accounts, there should be thorough investigation processes in place to maintain customer satisfaction while upholding regulatory standards. Trust and credibility in the banking system It is debatable if recent news regarding alleged involvement in facilitating transactions for Iranian foreign entities can have significant repercussions on brand reputation and losing trust and credibility among customers and the broader community. “Generally speaking, loyalty to banks has evolved. Previously, people tended to remain loyal to the bank they initially chose, but this sentiment has shifted across generations. Nowadays, loyalty to a single bank is less common, indicating a broader trend of stretched loyalty,” mentioned Bussien. Lloyds Bank and Santander’s Regarding brand reputation, particularly in the financial sector, it’s unclear how much impact allegations of money laundering or similar issues have on customer churn. “While such scandals undoubtedly affect a bank’s image, customer behavior might be more influenced by their personal experiences. For instance, if a bank consistently fails to address fraudulent activities affecting customers, this may prompt individuals to switch banks, regardless of the institution’s involvement in larger-scale misconduct like money laundering,” added the Trapets CEO. In essence, according to the specialist, the triggers for changing banks might differ based on personal experiences with fraud prevention and customer service, as opposed to perceptions of the bank’s involvement in illicit activities. The role of tech in combating financial crime How to weigh the importance of technology in the banking industry’s efforts to combat financial crime? While some banks opt to develop solutions internally, it’s essential to recognize whether technology is truly their forte. Often, partnering with specialized technology providers proves more beneficial, as these entities possess the expertise and agility necessary for continuous innovation and compliance with regulations. Bussien makes it clear: “It’s a matter of weighing the bank’s internal capabilities against the advantages of leveraging external knowledge and resources. In most cases, banks may find it impractical and inefficient to handle such endeavors internally, given the complexities involved. Relying on technology providers ensures ongoing development and maintenance of robust systems tailored to evolving regulatory requirements.” It’s unmistakable that banks must prioritize the structuring and management of their data. Effective technology implementation hinges on having organized, accessible data sets. Without a structured approach to data management, even the most advanced technology solutions may falter. Therefore, alongside technological investments, banks must focus on refining their data infrastructure to maximize the effectiveness of anti-financial crime measures. All of this combined can foster the renewed importance of financial crime prevention in Europe.

The EU's New Anti-Money Laundering Authority and its Crime Prevention Focus

BTC Layer2 project BEVM has officially disclosed an investment from Bitmain, the leading manufacturer of cryptocurrency mining servers globally. The precise amount of the investment remains undisclosed. Established in 2013, Bitmain still stands today as a significant figure in the digital asset mining hardware production space. Its Bitcoin mining machines previously commanded over 70% of the global market share. Notably, this marks Bitmain's sole investment in the Bitcoin Layer2 domain to date. Gavin Guo, Core Builder of BEVM Foundation, remarked, "Next, BEVM will delve into exploring Bitcoin hashrate and the PoW ecosystem's application on BEVM, that could help facilitate the migration of trillions of dollars in PoW hashrate assets and a substantial quantity of $BTC to BEVM. This will empower Bitmain assets and unlock liquidity and more diverse financial application scenarios within the BTC Layer2 network." BEVM serves as the pioneer EVM-compatible Bitcoin L2 network founded on the Taproot Consensus, utilizing BTC as Gas. Leveraging native Bitcoin technologies such as Schnorr Signature, MAST, and Bitcoin Light Node Network, it achieves fully decentralized BTC cross-chain functionality, thereby enabling the trustless integration of BTC into a broader spectrum of applications and facilitating genuine BTC liquidity circulation. BEVM launched its mainnet on March 28th, boasting over 700,000 user addresses and hosting more than 30 ecosystem projects. BEVM also recently announced it had secured tens of millions of dollars in financing, with investors including RockTree Capital, Waterdrip Capital, Arkstream Capital, ViaBTC Capital, and nearly 20 other institutions, resulting in a post-investment valuation of $200 million for the company. For further information about BEVM, please visit www.bevm.io or contact business@bevm.io Media Contact: Jhon Zhang Email: business@bevm.io This story was distributed as a release by Btcwire under HackerNoon’s Brand As An Author Program. Learn more about the program here: https://business.hackernoon.com/brand-as-author BTC Layer2 project BEVM has officially disclosed an investment from Bitmain, the leading manufacturer of cryptocurrency mining servers globally. The precise amount of the investment remains undisclosed. Established in 2013, Bitmain still stands today as a significant figure in the digital asset mining hardware production space. Its Bitcoin mining machines previously commanded over 70% of the global market share. Notably, this marks Bitmain's sole investment in the Bitcoin Layer2 domain to date. Gavin Guo, Core Builder of BEVM Foundation, remarked, "Next, BEVM will delve into exploring Bitcoin hashrate and the PoW ecosystem's application on BEVM, that could help facilitate the migration of trillions of dollars in PoW hashrate assets and a substantial quantity of $BTC to BEVM. This will empower Bitmain assets and unlock liquidity and more diverse financial application scenarios within the BTC Layer2 network." Gavin Guo, Core Builder of BEVM Foundation, remarked, "Next, BEVM will delve into exploring Bitcoin hashrate and the PoW ecosystem's application on BEVM, that could help facilitate the migration of trillions of dollars in PoW hashrate assets and a substantial quantity of $BTC to BEVM. This will empower Bitmain assets and unlock liquidity and more diverse financial application scenarios within the BTC Layer2 network." BEVM BEVM Bitmain Bitmain BEVM serves as the pioneer EVM-compatible Bitcoin L2 network founded on the Taproot Consensus, utilizing BTC as Gas. Leveraging native Bitcoin technologies such as Schnorr Signature, MAST, and Bitcoin Light Node Network, it achieves fully decentralized BTC cross-chain functionality, thereby enabling the trustless integration of BTC into a broader spectrum of applications and facilitating genuine BTC liquidity circulation. BEVM launched its mainnet on March 28th, boasting over 700,000 user addresses and hosting more than 30 ecosystem projects. BEVM also recently announced it had secured tens of millions of dollars in financing, with investors including RockTree Capital, Waterdrip Capital, Arkstream Capital, ViaBTC Capital, and nearly 20 other institutions, resulting in a post-investment valuation of $200 million for the company. announced announced For further information about BEVM, please visit www.bevm.io or contact business@bevm.io www.bevm.io www.bevm.io business@bevm.io business@bevm.io Media Contact: Jhon Zhang Email: business@bevm.io This story was distributed as a release by Btcwire under HackerNoon’s Brand As An Author Program. Learn more about the program here: https://business.hackernoon.com/brand-as-author This story was distributed as a release by Btcwire under HackerNoon’s Brand As An Author Program. Learn more about the program here: https://business.hackernoon.com/brand-as-author Btcwire https://business.hackernoon.com/brand-as-author https://business.hackernoon.com/brand-as-author

Bitcoin Layer2 BEVM Announces Investment From Bitmain

After completing a total of tens of millions of dollars in financing, the modular computing layer Lumoz continues to make strides in the Layer 2 (L2) space. This week, Lumoz announced that its Modular Compute Layer will support the Op Stack + ZK Fraud Proof Layer 2 architecture, initiating a new paradigm in L2 architecture. The Modular Compute Layer will Support Op Stack + ZK Fraud Proof The Op Stack + ZK, Fraud Proof architecture, is a new design that integrates zero-knowledge proof-based validity proofs into the Optimistic Rollup technology. When challengers point out that the sequencer has submitted incorrect data, they submit a challenge to L1. The Sequencer must generate the corresponding ZK Proof within a limited challenge period and submit it to the Layer 1 contract for verification. If the verification results show that the data is valid, the challenge is invalid; otherwise, the challenge is successful. This illustration demonstrates the specific process of handling fraud proofs within Layer 2 technology under the Op Stack and ZK Fraud Proof architecture. In this architecture, the Op Stack module undertakes the core functions of Layer 2, including handling the basic functions of the Layer 2 blockchain and the responsibility of submitting Batches to Layer 1. Meanwhile, the ZK Fraud Proof module focuses on handling the challenges of fraud-proof. The process details are as follows: Challenge Initiation: Validators initiate the challenge for proof of fraud.
Information Synchronization: Lumoz Verify Nodes synchronize challenge information to prepare for the next step of verification.
Obtaining Zero-Knowledge Proof Inputs: Verification nodes obtain the required zero-knowledge proof input data from the Op Stack module, which includes block trace, batch info, etc.
Generating Zero-Knowledge Proof: Lumoz will then request the modular compute layer to generate the required zero-knowledge proof.
Proof Submission: Once the zero-knowledge proof is generated, Lumoz Verify Nodes submit the proof to Layer 1 for verification. Through the aforementioned process, the challenge and verification process of ZK Fraud Proof is completed. It is well known that Optimistic Rollup has lower costs but longer withdrawal waiting times, whereas ZK Rollup allows for almost immediate withdrawals but at a higher cost. This solution combines the advantages and disadvantages of both Optimistic Rollup and ZK Rollup, not only maintaining the characteristics of low cost but also effectively reducing the waiting time. Modular Compute Layer Lumoz provides a modular computation layer that offers stable and reliable computing power support for blockchains utilizing the Op Stack + ZK Fraud Proof architecture. When Layer 2 submits Batch data, if there are challengers initiating challenges, then the modular computation layer will rely on its computing services to generate the corresponding proof data (Proof). This process requires the computing services of the modular computation layer to submit the correct Proof within a specified time frame. If this is achieved, it is considered that the challenger has failed the challenge; otherwise, the challenger is deemed to have succeeded in the challenge. The role of Lumoz's modular computation layer in the Op Stack + ZK Fraud Proof architecture: In conclusion, the Lumoz ZK Prover Network, through decentralized miner participation in ZKP computations, extensive circuit support, and a comprehensive proof verification process, provides a high-performance modular computation layer for the Optimistic+ZK Fraud Proof architecture. Combined with Lumoz's trustless native cross-rollup communication technology, it not only securely shares liquidity among all Rollups but also offers robust multi-rollup interoperability, opening new possibilities for decentralized applications and DeFi protocols. Conclusion Lumoz's Modular Compute Layer, supported by Optimistic Rollup and ZK Fraud Proof, has pioneered a new Layer 2 architecture model. This solution fills the gap in the current market for a mixed solution of ZK and OP, achieving effective technical integration. By combining the advantages of Optimistic Rollup and ZK Rollup, we can significantly reduce costs and shorten verification wait times. As pioneers in this field, Lumoz will continue to leverage its strengths and constantly optimize its technology solutions. At the same time, we also hope more people will pay attention to and contribute to the development of this hybrid architecture of Optimistic Rollup and ZK Fraud Proof, contributing to the industry's development! This story was distributed under HackerNoon’s Business Blogging Program. Learn more about the program here. After completing a total of tens of millions of dollars in financing, the modular computing layer Lumoz continues to make strides in the Layer 2 (L2) space. This week, Lumoz announced that its Modular Compute Layer will support the Op Stack + ZK Fraud Proof Layer 2 architecture, initiating a new paradigm in L2 architecture. The Modular Compute Layer will Support Op Stack + ZK Fraud Proof The Modular Compute Layer will Support Op Stack + ZK Fraud Proof The Op Stack + ZK, Fraud Proof architecture, is a new design that integrates zero-knowledge proof-based validity proofs into the Optimistic Rollup technology. When challengers point out that the sequencer has submitted incorrect data, they submit a challenge to L1. The Sequencer must generate the corresponding ZK Proof within a limited challenge period and submit it to the Layer 1 contract for verification. If the verification results show that the data is valid, the challenge is invalid; otherwise, the challenge is successful. This illustration demonstrates the specific process of handling fraud proofs within Layer 2 technology under the Op Stack and ZK Fraud Proof architecture. In this architecture, the Op Stack module undertakes the core functions of Layer 2, including handling the basic functions of the Layer 2 blockchain and the responsibility of submitting Batches to Layer 1. Meanwhile, the ZK Fraud Proof module focuses on handling the challenges of fraud-proof. The process details are as follows: The process details are as follows: Challenge Initiation: Validators initiate the challenge for proof of fraud. Information Synchronization: Lumoz Verify Nodes synchronize challenge information to prepare for the next step of verification. Obtaining Zero-Knowledge Proof Inputs: Verification nodes obtain the required zero-knowledge proof input data from the Op Stack module, which includes block trace, batch info, etc. Generating Zero-Knowledge Proof: Lumoz will then request the modular compute layer to generate the required zero-knowledge proof. Proof Submission: Once the zero-knowledge proof is generated, Lumoz Verify Nodes submit the proof to Layer 1 for verification. Challenge Initiation: Validators initiate the challenge for proof of fraud. Challenge Initiation: Information Synchronization: Lumoz Verify Nodes synchronize challenge information to prepare for the next step of verification. Information Synchronization: Obtaining Zero-Knowledge Proof Inputs: Verification nodes obtain the required zero-knowledge proof input data from the Op Stack module, which includes block trace, batch info, etc. Obtaining Zero-Knowledge Proof Inputs: Generating Zero-Knowledge Proof: Lumoz will then request the modular compute layer to generate the required zero-knowledge proof. Generating Zero-Knowledge Proof: Proof Submission: Once the zero-knowledge proof is generated, Lumoz Verify Nodes submit the proof to Layer 1 for verification. Proof Submission: Through the aforementioned process, the challenge and verification process of ZK Fraud Proof is completed. It is well known that Optimistic Rollup has lower costs but longer withdrawal waiting times, whereas ZK Rollup allows for almost immediate withdrawals but at a higher cost. This solution combines the advantages and disadvantages of both Optimistic Rollup and ZK Rollup, not only maintaining the characteristics of low cost but also effectively reducing the waiting time. Modular Compute Layer Modular Compute Layer Lumoz provides a modular computation layer that offers stable and reliable computing power support for blockchains utilizing the Op Stack + ZK Fraud Proof architecture. When Layer 2 submits Batch data, if there are challengers initiating challenges, then the modular computation layer will rely on its computing services to generate the corresponding proof data (Proof). This process requires the computing services of the modular computation layer to submit the correct Proof within a specified time frame. If this is achieved, it is considered that the challenger has failed the challenge; otherwise, the challenger is deemed to have succeeded in the challenge. The role of Lumoz's modular computation layer in the Op Stack + ZK Fraud Proof architecture: In conclusion, the Lumoz ZK Prover Network, through decentralized miner participation in ZKP computations, extensive circuit support, and a comprehensive proof verification process, provides a high-performance modular computation layer for the Optimistic+ZK Fraud Proof architecture. Combined with Lumoz's trustless native cross-rollup communication technology, it not only securely shares liquidity among all Rollups but also offers robust multi-rollup interoperability, opening new possibilities for decentralized applications and DeFi protocols. Conclusion Conclusion Lumoz's Modular Compute Layer, supported by Optimistic Rollup and ZK Fraud Proof, has pioneered a new Layer 2 architecture model. This solution fills the gap in the current market for a mixed solution of ZK and OP, achieving effective technical integration. By combining the advantages of Optimistic Rollup and ZK Rollup, we can significantly reduce costs and shorten verification wait times. As pioneers in this field, Lumoz will continue to leverage its strengths and constantly optimize its technology solutions. At the same time, we also hope more people will pay attention to and contribute to the development of this hybrid architecture of Optimistic Rollup and ZK Fraud Proof, contributing to the industry's development! This story was distributed under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed under HackerNoon’s Business Blogging Program. Learn more about the program here. here. here.

Lumoz Supports Op Stack + ZK Fraud Proof, Initiating a New Paradigm in L2 Architecture

Lumoz Op Stack + ZK জালিয়াতির প্রমাণ সমর্থন করে, L2 আর্কিটেকচারে একটি নতুন দৃষ্টান্ত শুরু করে

Lumoz unterstützt Op Stack + ZK Fraud Proof und initiiert ein neues Paradigma in der L2-Architektur

Lumoz admite Op Stack + ZK Fraud Proof, iniciando un nuevo paradigma en la arquitectura L2

Lumoz prend en charge Op Stack + ZK Fraud Proof, initiant un nouveau paradigme dans l'architecture L2

लुमोज़ ऑप स्टैक + ZK धोखाधड़ी प्रूफ का समर्थन करता है, L2 आर्किटेक्चर में एक नया प्रतिमान शुरू करता है

Lumoz は Op Stack + ZK 不正防止をサポートし、L2 アーキテクチャの新しいパラダイムを開始します。

Lumoz는 Op Stack + ZK Fraud Proof를 지원하여 L2 아키텍처의 새로운 패러다임을 시작합니다.

Lumoz oferece suporte à prova de fraude Op Stack + ZK, iniciando um novo paradigma na arquitetura L2

Lumoz поддерживает Op Stack + ZK Fraud Proof, запуская новую парадигму в архитектуре L2

Lumoz, Op Stack + ZK Fraud Proof'u Destekleyerek L2 Mimarisinde Yeni Bir Paradigma Başlatıyor

Lumoz hỗ trợ Op Stack + Bằng chứng gian lận ZK, khởi xướng một mô hình mới trong kiến trúc L2

Lumoz 支持 Op Stack + ZK 欺诈证明，开创 L2 架构新范式

Cryptocurrency Lingo 101: Your Essential Guide to Crypto Abbreviations

ক্রিপ্টোকারেন্সি লিঙ্গো 101: ক্রিপ্টো সংক্ষেপণের জন্য আপনার প্রয়োজনীয় গাইড

Kryptowährungsjargon 101: Ihr unverzichtbarer Leitfaden zu Krypto-Abkürzungen

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DePIN Tackles the World’s Most Entrenched Industries

DePIN বিশ্বের সবচেয়ে প্রবেশ করা শিল্পকে মোকাবেলা করে

DePIN nimmt sich der am stärksten verankerten Branchen der Welt an

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DePIN s’attaque aux industries les plus implantées au monde

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DePINは世界で最も定着している産業に取り組む

DePIN은 세계에서 가장 확고한 산업을 다루고 있습니다

DePIN aborda as indústrias mais arraigadas do mundo

DePIN решает проблемы самых укоренившихся в мире отраслей

DePIN Dünyanın En Köklü Endüstrileriyle Mücadele Ediyor

DePIN giải quyết các ngành công nghiệp cố thủ nhất thế giới

DePIN 应对全球最根深蒂固的行业

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MPOWER FINANCING

mpowerfinancing.com

-- employees

Since n.d.

COMPANY RANKING

MPOWER FINANCING

EVERGREEN INDEX #6406

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