Lumoz to Launch StableNet zkEVM on Polygon CDK

U.Today
U.Today

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.

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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?

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