In the development of zk-SNARKs technology, an important challenge is how to build a sustainable economic model. Although on-chain verification costs are low, the generation of off-chain proofs still requires a large amount of computational resources and effective incentive mechanisms. To address this issue, Boundless has proposed an innovative economic model aimed at promoting healthy interactions between proof nodes, developers, and users, thereby maintaining the long-term stable operation of the network.
The Boundless network introduces Proof Nodes as a key component. These nodes are responsible for performing off-chain computations and generating proofs. They can freely join the network and earn ZKC tokens as rewards for completing computation tasks. This decentralized verification process avoids single points of control, effectively addressing the issue of centralized computing power in traditional models, making the allocation of computing resources more balanced and transparent.
In terms of task allocation and verification, Boundless adopts an automated task scheduling system based on zkVM and implements a multi-node cross-validation mechanism. The correctness of each task is mathematically guaranteed, and nodes can enhance their reputation by staking tokens. If a node submits an incorrect result, it will face penalties or staking reductions. This mechanism not only ensures the security of the network but also provides fair incentives for participants.
The economic model of Boundless is not limited to Node rewards; it also creates value for developers and users across the entire ecosystem. Developers can use ZKC tokens to pay for verification fees, while users can earn rewards by participating in network activities. This comprehensive economic cycle design is expected to promote the widespread application and sustainable development of zk-SNARKs technology.
Through this innovative economic model, Boundless aims to address the core challenges faced by zk-SNARKs technology, paving the way for the construction of a sustainable decentralized computing network. This not only helps to improve the efficiency and security of the network but also creates new value acquisition avenues for participants, potentially driving the entire blockchain industry forward.
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LiquidationWatcher
· 10-06 20:50
Enter a position! zk is still boundless!
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HashBandit
· 10-06 20:50
bruh... getting eth2.0 mining ptsd from this zkc staking model
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MissedAirdropAgain
· 10-06 20:48
This wave feels like there's something to it.
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GateUser-cff9c776
· 10-06 20:48
The Schrödinger's yield, I feel like my staked coins are about to go down the drain again.
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GasWaster
· 10-06 20:43
bruh another l2 promising low fees... but ngl this proof node system looks legit
In the development of zk-SNARKs technology, an important challenge is how to build a sustainable economic model. Although on-chain verification costs are low, the generation of off-chain proofs still requires a large amount of computational resources and effective incentive mechanisms. To address this issue, Boundless has proposed an innovative economic model aimed at promoting healthy interactions between proof nodes, developers, and users, thereby maintaining the long-term stable operation of the network.
The Boundless network introduces Proof Nodes as a key component. These nodes are responsible for performing off-chain computations and generating proofs. They can freely join the network and earn ZKC tokens as rewards for completing computation tasks. This decentralized verification process avoids single points of control, effectively addressing the issue of centralized computing power in traditional models, making the allocation of computing resources more balanced and transparent.
In terms of task allocation and verification, Boundless adopts an automated task scheduling system based on zkVM and implements a multi-node cross-validation mechanism. The correctness of each task is mathematically guaranteed, and nodes can enhance their reputation by staking tokens. If a node submits an incorrect result, it will face penalties or staking reductions. This mechanism not only ensures the security of the network but also provides fair incentives for participants.
The economic model of Boundless is not limited to Node rewards; it also creates value for developers and users across the entire ecosystem. Developers can use ZKC tokens to pay for verification fees, while users can earn rewards by participating in network activities. This comprehensive economic cycle design is expected to promote the widespread application and sustainable development of zk-SNARKs technology.
Through this innovative economic model, Boundless aims to address the core challenges faced by zk-SNARKs technology, paving the way for the construction of a sustainable decentralized computing network. This not only helps to improve the efficiency and security of the network but also creates new value acquisition avenues for participants, potentially driving the entire blockchain industry forward.