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Lumoz ZK-PoW Cloud
Compared to OP-Rollup, ZK-Rollup has several advantages including enhanced security, trustless operations, and faster withdrawal speeds. A key technological difference is that ZK-Rollup requires robust ZKP computational power to generate zero-knowledge proofs.
The multi-chain ZK-PoW mechanism of Lumoz ZK-PoW Cloud will be deployed on multiple chains including, but not limited to, Ethereum, BNB Chain, Polygon PoS, and Lumoz Chain itself. With the design of Lumoz, developers can deploy ZK-Rollups on these different base chains. As the technology of ZK-Rollup matures, we may see hundreds or even thousands of ZK-Rollups, leading to significant demand for ZKP computational power.
After the transition from Ethereum PoW to PoS, many Ethereum mining machines lost their application scenarios. The value of these machines, in terms of capital scale, is around 12 billion USD, with many currently idle. With the large-scale implementation of ZK-Rollup, the generation of ZKP requires a lot of hardware and mining machines, such as CPUs, GPUs, and FPGAs, to provide computational capacity.
Lumoz uses the ZK-PoW mechanism to incentivize miners to provide ZKP computational power, thereby offering comprehensive hardware infrastructure for ZK-Rollup. This is one of the core ideas of Lumoz. All participants, including users, developers, and miners, can benefit from this Lumoz economic model.