Without DePIN, ZKP would probably be beyond the reach of ordinary people in their lifetime. In the past few years, ZKP has been criticized for its slow proof generation and high verification costs. But the emergence of DePIN has changed everyone's way of thinking, making ZKP a low-threshold ecosystem that everyone can participate in. Many cryptography companies use hardware acceleration to improve the efficiency of ZKP proof generation, but few people pay attention to Verifier, another important component of the ZK proof system. Currently, the only ZK verification layer projects on the market are Cysic, Aligned Layer and Lumoz.
Compared with Aligned Layer, Lumoz is actually a modular computing layer and ZK-RaaS platform, which simultaneously solves the computational cost and centralization issues in the ZKP proof generation and verification process. In addition, it also provides project parties with the ability to issue links with one click. In addition to Prover Network, Lumoz also opens the verification layer to ordinary users. Its zkVerifier is designed to enable decentralized verification, thereby reducing L2 Gas costs. Cysic has yet to make significant progress in the verification layer.
Recently, Lumoz completed a strategic round of financing exceeding US$10 million at a valuation of US$300 million, and officially launched zkVerifier Node sales. The node pre-sale and whitelist registration activities have now ended, and the whitelist sales round (June 25) and public sale round (July 3) will begin soon. It is expected to be launched on the mainnet in the third quarter. In this article, Foresight News will explain the sales mechanism of Lumoz zkVerifier nodes and the operating principles behind it.
We have heard of modular DA layer and settlement layer, but what is modular computing layer? Modularization has always divided individual blockchains such as Ethereum into settlement layer, consensus layer, execution layer and DA layer according to different functions. With the widespread adoption of ZKP, the decentralized computing layer (proof layer + verification layer) Gradually it became a prominent school.
Lumoz (formerly Opside) is a modular computing layer and ZK-RaaS platform. Lianchuang and CEO NanFeng graduated from Tsinghua University, and its core team has invested nearly 5 years in the research and development of ZK technology. As a ZK-RaaS platform, Lumoz provides a modular computing layer for ZK Rollup. The platform adopts a PoS and PoW hybrid consensus mechanism and introduces the zkVerifier node network. Since its launch, its ZK-PoW mechanism has attracted the participation of 145 miners around the world, and the number of verification nodes on its test network has exceeded 20,000. Lumoz's modular computing layer solution does not require the project party to consider the construction and operation of the ZKP system, which greatly reduces the difficulty of the project party issuing ZK-Rollup.
Currently, the Lumoz community size exceeds one million, and the total ecological TVL exceeds 4 billion US dollars. Lumoz RaaS service now supports more than 20 L2 chains such as Merlin Chain, HashKey Chain, ZKFair, Ultiverse, Matr1x, etc.
In terms of financing, Lumoz recently completed a strategic round of financing exceeding US$10 million, with a valuation reaching US$300 million. Well-known investment institutions such as IDG Blockchain, OKX Ventures, HashKey Capital, Polygon, NGC Ventures, Kronos, KuCoin Ventures, Gate Ventures, G Ventures, MH Ventures, Summer Ventures and Aegis Ventures participated in the financing. Previously, Lumoz completed a $6 million Pre-Series A round of financing in April 2024 at a valuation of $120 million. In April 2023, Lumoz (formerly Opside) also closed a $4 million seed round.
So, what exactly is the zkVerifier that Lumoz is selling? What is it used for? What problem is to be solved? Let’s start with the ZK proof system.
In the zero-knowledge proof system, the so-called zkVerifier is actually the verifier. The system consists of Prover and Verifier. After the "arithmeticization" in the previous paragraph, provers and verifiers are responsible for generating and verifying zero-knowledge proofs to prove the authenticity and reliability of the data without revealing the real data. Projects such as Cysic and Ingoyama are providing provers with computing power through hardware to increase the speed of proof generation. The generated zero-knowledge proof must be verified by the verifier for the authenticity of the data.
Bing Ventures pointed out in an analysis article that ZKP’s cost advantage is an exaggerated fantasy. ZKP actually includes the following costs: *Hardware cost * Computing costs * Verification cost * Storage costs Among them, communication cost and computing cost are the core parts: * **Communication cost:** refers to the cost of exchanging information between the prover and the verifier. * **Computational cost:** refers to the cost of the prover and verifier performing the calculation. In Ethereum, verification calculations need to compete with other DApps for block space, and network congestion will lead to higher costs. Matter Labs pointed out that on Ethereum: * zk-Rollups requires approximately 600,000 Gas to verify a zk-SNARK. * zk-STARK requires approximately 2.5 million Gas to verify a zk-SNARK.
It is worth noting that the verification cost of ZKP is directly borne by the user. According to data from L2BEAT, before the Ethereum Cancun upgrade, L2’s costs mainly came from storage (blue). However, with Blobs in effect, computational cost (red) becomes the dominant cost factor.
After the Cancun upgrade, the ZK Rollup calculation cost accounts for about 80% of the total cost on average.
Therefore, in addition to improving the efficiency of ZK proof generation, it is also necessary to improve verification efficiency and reduce Gas costs. At present, most ZK-Rollup projects have not yet made optimization improvements in the verification layer.
Lumoz is the pioneer of ZKP decentralized verification layer. It is actually an AVS computing layer based on EigenLayer shared security. Its basic architecture includes EigenLayer AVS, EVM chain, Lumoz AVS oracle, Lumoz Chain, zkProver and zkVerifier. The responsibilities of each component are as follows:
In terms of the specific operating mechanism, Lumoz adopts the ZK-PoW mechanism and the "submit first and then verify" two-step submission algorithm. The zkProver network composed of miners provides computing power for ZK-Rollups to execute multiple ZKPs in parallel. For generation tasks, ZK-PoW V2.0 further optimizes the calculation process of proof generation, which can significantly improve the generation efficiency and solve the centralized Prover problem. Lumoz does not stop there, it further extends from the proof generation layer to the verification layer, introducing zkVerifier to verify the ZKP generated by zkProver.
In other words, Lumoz has built a decentralized verification network for Verifier. The zkVerifier node aggregates, calculates, and verifies data, covering various fields such as blockchain transaction data and AI model training data to ensure the accuracy and accuracy of the data. correctness of the calculation process. By uploading verification results and calculation results to the blockchain, the zkVerifier node not only ensures the transparency and traceability of the entire calculation process, but also reduces verification costs.
Since the zkVerifier node hardware configuration requirements are relatively low, ordinary users can join the Lumoz network and participate in the operation of the verification node through a light client. At present, Lumoz has completed early verification, with more than 20,000 verification nodes in the test network stage, and large-scale low-cost verification is being implemented. In other words, due to the lowering of the participation threshold, the more users participate in Lumoz’s ZK computing network, the more ZKP Verifier verification The more decentralized it is, the lower the verification cost paid by users.
At the same time, the zkVerifier node has long-term sustainability. In addition to ZKP computing tasks, users can also provide computing verification services for massive AI data.
Currently, most node sales projects on the market sell nodes for the sake of selling nodes, but the payback period of these nodes is long and the actual value is not high. However, Lumoz’s zkVerifier is an important component of ZK Endgame and is indispensable to the blockchain industry and users. In Lumoz token economics, the total supply of MOZ is 10 billion, of which 25% of the tokens will be allocated to zkVerifier nodes, and the expected benefits and returns are also extremely impressive.
Let’s take a look at the node sales first. Lumoz started zkVerifier node NFT sales on June 17, with a cap of 100,000 units divided into 10 Tiers on a first-come, first-served basis. This node sale is divided into three rounds, the pre-sale round (15:00 on June 17), the whitelist round (15:00 on June 25), and the public sale round (15:00 on July 3). The initial sales price is 200 USDT.
The pre-sale round is only open to users who hold the pre-sale invitation code, with the largest profit. It has now ended. Tier 1-4 is sold out, 40,151 nodes were successfully sold, and the real-time FDV exceeded 40 million US dollars. Users who want to continue participating in Lumoz nodes can purchase Tier 5 and above nodes in the whitelist round starting at 15:00 on June 25. Whitelisted users receive a 10% price discount. If you did not participate in the pre-sale round (June 17) and missed the whitelist qualification, you can participate in the public sale round (July 3).
This node NFT license supports free sale and transfer. When a zkVerifier node transfers the license it holds to another party, the node will no longer be eligible to receive any form of rewards from the Lumoz network.
Lumoz has also set up a refund mechanism, the refund window will open 6 months after the start of TGE, the duration is to be determined. If the user is dissatisfied with the node, they can apply for a refund without reason. Lumoz will refund 80% of the initial payment amount. At that time, the user will need to return all generated tokens and node NFTs.
In addition, in order to encourage more users to participate in the node network, Lumoz also launched an invitation incentive event. If the invitee purchases node NFT, the inviter can receive 7% of the payment amount. If the invitee further invites others to purchase nodes, the inviter will receive 3% of the payment amount.
Before the mainnet goes online, Lumoz will provide 40 million point rewards to zkVerifier node NFT holders, and 100 points will be distributed every day during the 40 days from June 25th to August 4th. Thousands of points. These points will be evenly distributed to users who stake zkVerifier node licenses, and users can redeem these points for Lumoz mainnet tokens after TGE.
For node license staking, Lumoz has launched an additional “Team System”. Node holders can choose a team or create their own team, with each team having a maximum of 50 people. Team levels are divided into black iron, bronze, silver, gold, platinum, and diamond. The more licenses a team pledges, the higher the level, and the greater the weight of points.
The MOZ rewards of nodes will be released in 36 months. During the release period, tokens will be released once every Epoch (about 1-2 minutes), according to the number of online nodes in the Epoch and the pledge situation to distribute. As can be seen from the figure below, the more nodes that are online at the same time, the smaller the rewards released each month. For example, if 10,000 nodes are online at the same time, each revenue in the first month will be 6,944 MOZ. Considering that 40,000 nodes have been sold in the pre-sale round, in the future when the mainnet is launched, the number of nodes online at the same time will be more, and the MOZ rewards for nodes in a single month will be less and less.
As for the expected rate of return and return period, if we conservatively calculate based on the current latest round valuation of US$300 million, assuming that 10,000 nodes are online at the same time in the first month, you can earn US$208 by running the node for one month. If you purchase If you are a Tier1 node, you can get back your capital in one month, and you can get 4,374 US dollars in half a year, with a net profit rate of over 20 times. If the user purchases a Tier5 node in the whitelist round, the cost is US$350, and the cost can be paid back in one and a half months, and the income in half a year exceeds 12 times. If 50,000 nodes are online at the same time, if you buy a Tier1 node, the payback period is 2 and a half months, and the half-year income is 4.3 times; if you buy a Tier5 node, the payback period is 4 months, and the half-year income is nearly 2.5 times.
Some time ago, Aethir node sales were extremely successful, with a market value of approximately US$3 billion. Let’s take Aethir as an example for comparison. The Aethir Tier1 node price is US$500, and the current node income is 31.44 ATH per day. Calculated at the current price of US$0.07, the monthly income is US$66, and it will take 7.5 months to recover the capital. Overall, based on a valuation of only US$300 million, the Lumoz node's payback period is also significantly shorter, and its income is also higher.
At the same time, since Lumoz is also a RaaS platform, future nodes can also receive multiple rewards such as airdrops of potential tokens of new Lumoz ecological chains such as Merlin Network, ZKFair Network, and Orange Network.
As mentioned above, zkVerifier nodes have relatively low hardware configuration requirements. You can run the node using a device with 4 cores or above CPU, 8GB RAM memory and 16 Mbit/s bandwidth. Users can bind their own licenses to run node mining, or entrust NFT to other nodes for mining.
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