Lumoz to Launch StableNet zkEVM on Polygon CDK


21 Nov 2023 3:12 PM

Ground-breaking cryptocurrency project StableNet leverages latest tech developments of Polygon and Celestia ecosystems...

  • Lumoz, the ZK-RaaS platform, plans to launch StableNet, a cutting-edge zkEVM project on top of Ethereum, in December.
  • StableNet adopts USD Coin (USDC) stablecoin as its gas fee token, allowing transaction gas fees to be priced in USDC.
  • StableNet enables atomic cross-rollup communication, allowing addresses on L2 to interact with contracts on Ethereum L1.
  • StableNet is built based on Polygon CDK and Celestia DA, showcasing Lumoz's commitment to pushing technological boundaries.
  • Transactional fees generated on StableNet will be transferred back into the community, benefiting developers, liquidity providers, and regular users.
  • Lumoz is the first rollup to utilize Polygon CDK and go live, receiving official certification and support from Polygon and Celestia.
  • Lumoz employs the ZK-PoW mining mechanism and has partnered with Ola, a zero-knowledge platform focused on programmable privacy.

The article highlights Lumoz's anticipated launch of StableNet, a game-changing zkEVM project. It emphasizes the benefits and advancements it brings to L1/L2 communication in the rollups segment. The sentiment is positive, showcasing Lumoz's commitment to pushing technological boundaries and its partnerships with Polygon and Celestia.

Go to publisher site

You May Ask

What is StableNet and when is it expected to launch?What stablecoin does StableNet adopt as its gas fee token?What is the significance of StableNet enabling atomic cross-rollup communication?How does Lumoz ensure a more stable and reliable ZKP computation in StableNet?What are some of the advanced developments in the ZK-rollups segment mentioned in the article?

Suggested Reads