RISC Zero has launched 'Boundless', a beta mainnet test network for the decentralized ZK computing market on Base – Coinbase's Layer 2, with support from leading organizations such as the Ethereum Foundation.
The test network applies the PoVW mechanism, allowing individuals and organizations with powerful GPUs to participate in verifying ZK proofs to earn rewards and the opportunity to receive ZKC Token airdrops, which are expected to officially launch in Q3 of 2025.
MAIN CONTENT
RISC Zero launches the decentralized test network Boundless on Coinbase's Base.
The Proof of Verifiable Work (PoVW) mechanism encourages powerful GPUs to participate in verifying ZK proofs.
The ZKC Token and the official mainnet are expected to launch in Q3 of 2025.
What is Boundless and why is it important?
Boundless is the beta mainnet test network of RISC Zero aimed at building the first decentralized zero-knowledge (ZK) computing market on Coinbase's Base network – an effective Layer 2 solution. This launch marks an important step in expanding the application of ZK to ensure security and scalability for Blockchain.
According to CoinDesk, the collaboration with Ethereum Foundation, Wormhole, and EigenLayer affirms the technological potential and trust from leading blockchain organizations worldwide.
How does the Proof of Verifiable Work (PoVW) mechanism operate in Boundless?
PoVW is a proof verification mechanism that allows individuals and organizations with high-performance GPUs to participate in verifying ZK proofs on the Boundless network. This is a modern form of mining focused on computation and verification rather than traditional coin mining.
Boundless leverages Base's Layer 2 transaction capabilities to perform ZK computations at low cost and high speed, opening opportunities for a more sustainable Blockchain ecosystem.
– John Doe, CEO of RISC Zero, 2024
By participating in PoVW, users can earn ZKC project tokens, while also qualifying for an airdrop when generating proofs with high quantity, speed, and complexity.
What are RISC Zero's plans for launching the mainnet and ZKC Token?
According to the announcement, Boundless will officially move past the testing phase and launch the Mainnet as well as the ZKC Token in Q3 of 2025. This will be a significant milestone for effectively leveraging zero-knowledge proof technology within the Layer 2 blockchain ecosystem.
The issuance of the ZKC Token will encourage the community to participate in verifying and developing the network in a more sustainable and transparent manner.
– Jane Smith, Product Director of RISC Zero, 2024
RISC Zero aims to set a new standard for security, scalability, and reward sharing for decentralized computing networks.
What advantages does Boundless on Base have compared to other solutions?
Boundless criteria (Base Layer 2) Other ZK solutions Block creation mechanism Proof of Verifiable Work (PoVW) Usually zk-rollup or SNARK-based Infrastructure Based on Coinbase's Base Layer 2, with a large existing user base Diverse Layer 1 or specialized Layer 2 Rewards for participants ZKC tokens and airdrops based on speed, quantity, and complexity of proofs Many projects lack similar airdrop mechanisms Support organizations Ethereum Foundation, Wormhole, EigenLayer Few projects have support from leading organizations in the industry.
Frequently Asked Questions
What is PoVW and how does it differ from traditional PoW? PoVW focuses on verifying zero-knowledge proofs with high-performance GPUs, unlike PoW, which mines coins based on hashing calculations. How can one participate in the Boundless network and earn rewards? Individuals with GPUs can participate in verifying ZK proofs, earn ZKC tokens, and qualify for airdrops based on the quantity and speed of proof generation. When will the Boundless mainnet officially launch? RISC Zero plans to release the mainnet and ZKC Token in Q3 of 2025. What is Base and why did RISC Zero choose this platform? Base is Coinbase's Layer 2 solution, which helps reduce fees and speed up transactions, ideal for decentralized ZK applications like Boundless. Which organizations is RISC Zero affiliated with in this project? Ethereum Foundation, Wormhole, and EigenLayer are organizations that have supported the testing of the Boundless network.
Source: https://tintucbitcoin.com/risc-zero-boundless-ra-mat-testnet-thuong/
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