Ethereum

Aave

Polygon

Celestia

<div class="finbold">
 <p class="paragraph">Lumoz (formerly Opside) announced its plans to <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> StableNet, a ZK-Rollup able to connect with Ethereum Virtual Machine (EVM) with unique <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a>. The <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> is set for December, and the announcement happened during a cohosted event with Polygon (MATIC) called RaaS Day.</p>
 <div></div>
 <p class="paragraph">The Polygon team certified Lumoz as a ZK-RaaS platform. A ZK-RaaS is a service that develops ZK-Rollups (second-layer solutions) in a few clicks without the need to interact with code interfaces.&nbsp;</p>
 <p class="paragraph">Notably, Lumoz’s StableNet will run on both the Polygon Chain Development Kit (CDK) and the Celestia Data Availability (DA). Polygon CDK enables developers to build ZK-powered layer-2 solutions, while Celestia DA is a modular blockchain that allows integrations with multiple roll-ups and Ethereum-based decentralized applications (DApps).</p>
 <h2 class="wp-block-heading" id="h-stablenet-features">StableNet features</h2>
 <p class="paragraph">According to a document shared by Lumoz with Finbold on November 21, StableNet is a “curring-edge ZkEVM built on Ethereum (ETH).” The <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a>ing company also presented some futures of its ZK-Rollup solution.</p>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/21/6fb904da65a384974e50ece1a520ba11.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Banking 
       <h3 class="font-bold leading-6 " id="santander-bolsters-crypto-offering-to-account-holders-in-switzerland">Santander bolsters crypto offering to account holders in Switzerland</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/20/2c94f6cf55717a54c87cbd8145cb4bc0.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="when-is-the-best-time-to-buy-altcoins">When is the best time to buy altcoins?</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/21/2ab68b76f44ffb30e797a376d60feb9e.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="3-cryptocurrencies-to-buy-under-10-next-week">3 cryptocurrencies to buy under $10 next week</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/21/25c30255fe807b9b964f0d33f4efb9ef.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="chatgpt-picks-3-low-fee-ethereum-killers-to-buy-as-eth-gas-fees-surge">ChatGPT picks 3 low-fee 'Ethereum killers' to buy as ETH gas fees surge</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/21/cb43bc7afb7ca0c4bcf48a932b17392b.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="google-bard-predicts-ethereum-price-for-start-of-2024">Google Bard predicts Ethereum price for start of 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">Interestingly, the network gas fees will be priced and paid in the stablecoin Circle USD (USDC). StableNet will also have an “Optimized Gas Economic Model,” and Lumoz claims “all Gas fee income generated on StableNet will be reinvested back into the community.” On the community, the team includes DApps’ developers, Liquidity Providers (LPs), and regular users.</p>
 <p class="paragraph">Another feature worth mentioning is that StableNet will have a “Cross-Rollup Communication.” Essentially, StableNet will enable addresses to interact with Ethereum’s smart contracts, like Aave (AAVE) and Uniswap (UNI).</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“This is a significant milestone for Lumoz, being the first rollup to utilize Polygon CDK and go live, while also receiving official certification and support from Polygon and Celestia. We aspire to offer more RaaS-related services to developers and projects in the future.”</p> <cite>— Alvaro Fernandez, COO of Lumoz.</cite>
 </blockquote>
 <p class="paragraph">All things considered, Lumoz’s announcement underscores a major advancement in ZK-Rollup technology and blockchain innovation.</p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/lumoz-to-launch-stablenet-on-polygon-and-celestia-tbt71096.html">https://thebittimes.com/lumoz-to-launch-stablenet-on-polygon-and-celestia-tbt71096.html</a></p>

Lumoz to launch StableNet on Polygon and Celestia

Table of Contents

TheBitTimes

Other articles published on Nov 21, 2023

Shibarium hits 4 million transactions on the network

Kraken Co-Founder Jesse Powell Says SEC Lawsuit An “Assault on America,” Tells Crypto Firms To Ex...

Argentina Unlikely to Join BRICS After Javier Milei’s Victory

Code Africa Virtual Conference 2023 Around the Corner

AI tokens gain while crypto market dip, Here’s why

Why CZ and Binance Settlement with DoJ is Good For the Crypto Industry?

Join our free newsletter for daily crypto updates!