ZKFair Revolutionizes Zero Knowledge Layer-2 with Community Ownership and Innovation
Disclaimer: The information provided in this article is for educational purposes only and should not be considered as investment advice.
ZKFair, a zero-knowledge (ZK) community-driven layer-2 network, is preparing to launch soon, as stated in an exclusive press release shared with crypto.news.
The platform’s testnet was introduced in early December, and the mainnet deployment is scheduled for December 20.
In addition, ZKFair plans to distribute 100% of its tokens to the community through a fair airdrop. This approach ensures that everyone has an equal opportunity to participate in the network’s growth and development. By adopting this model, the community can redefine the future of ZK, where every opinion matters and innovation thrives.
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The decision to launch ZKFair stems from the need to address existing challenges. Although ZK technology presents a potential solution for Ethereum’s scalability issues, it faces obstacles such as a lack of community ownership, overvaluation, and dominance by venture capitalists (VCs).
Due to high valuations and a lack of differentiation, user disengagement and manipulation have become prevalent. Many projects prioritize maximizing transaction fees over providing a positive user experience.
ZKFair, on the other hand, is taking a different approach by placing a strong emphasis on the community, rather than relying on VCs, for growth, fairness, and innovation. The layer-2 platform will also allow members to vote on proposals, ensuring that every opinion is heard and valued. Contributors will also receive rewards.
To achieve its objectives and offer users a stable and transparent fee structure, ZKFair will use USDC as the gas token. Additionally, the platform will utilize Polygon CDK and Celestia DA for improved scalability.
The platform will employ atomic cross-rollup communication to seamlessly interact with Ethereum dapps. ZKFair will leverage the Lumoz decentralized prover network for efficient computations and enhanced reliability.
Furthermore, ZKFair has future plans to integrate with the Bitcoin ecosystem, potentially becoming a layer-2 solution for the world’s most valuable network.
Read more: NEAR and Polygon collaborate to innovate zero-knowledge proofs.
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