Intmax Releases the Concept of the Stateless zkRollup
In Brief
Intmax zk Rollup has released the concept of the Stateless zkRollup.
The update transitions the zkRollup into a fully stateless and client-side-dependent system.
Intmax zk Rollup has released the concept of the Stateless zkRollup. The latter is an update that transitions the zkRollup into a fully stateless and client-side-dependent system. The main aspects of this system are interoperability, scalability, privacy, and the full democratization of block generation.
Generally speaking, zk Rollups leverage zero-knowledge proofs. The latter is a cryptographic technique that enables one party to prove to another that it possesses certain information without revealing it. Notably, the aggregation and validation processes happen off-chain, making Ethereum transactions more scalable. With Intmax’s new system, validators (block producers) can create blocks without knowing the contents of the transactions. More than that, they cannot even know whether the contents are correct. The system’s stateless layer aims to regain such qualities as extreme scalability, privacy, and L2 interoperability. For communication, Intmax relies on off-chain Zero-Knowledge Proofs, thus inheriting the security of Layer 1.
In a paper, Intmax announces that the protocol enables trustless subscription payments, such as monthly payments. In addition, the update could enable convenient decentralized payments.
“This is one of our achievements, which had been extremely difficult before the advent of ZKP and stateless architecture,” says the company in a blog post.
On a side note, with Intmax2, users can participate in mining utilizing the Raspberry Pi, a card-size single-board computer that can be plugged into a TV or computer monitor. This feature enables the possible onboarding of millions of users, enabling the creation of a million parallelizations, and eliminating bottlenecks.
According to Ryodan Systems AG, the company behind the system, Intmax1 “achieved parallelization of data storage costs on the user side,” while Intmax2 achieves overall parallelization of computational costs.
In April of this year, Ryodan Systems AG raised $5 million in a Seed round. Among the participants were HashKey Capital, Bitscale Capital, Cryptomeria Capital, Justin Drake, and Balaji Srinivasan.
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Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]
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Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]
