Cryptocurrencies

    Lumoz COO Alvaro Fernandez highlights ZK-RaaS as key to secure and scalable networks

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    Alvaro Fernandez, COO at Lumoz, emphasises the potential of Zero-Knowledge Rollups-as-a-Service (ZK-RaaS) in enhancing the security and scalability of blockchain networks, while acknowledging its current lack of user-friendliness.

    ZK-RaaS simplifies the creation and use of ZK Rollups, making them more accessible for developers and projects, thus speeding up the implementation of secure, scalable networks.

    Fernandez contrasts ZK-RaaS with Optimistic Rollups-as-a-Service, noting that while ZK-RaaS offers better security, Optimistic Rollups are simpler and more cost-effective.

    He identifies decentralised finance, gaming platforms, and NFT marketplaces as prime sectors to benefit from ZK-RaaS, with its ability to reduce transaction costs and speed up transactions, while maintaining security and privacy.

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