OPZ
OPZ
The KeyFusion protocol is a form of MPC (Multi-Party Computation) developed by OPZ. Offering users a highly secure, exceptionally fast, and simple solution to store and transfer digital assets while maintaining quick and easy access.
There has been a growing interest in Multi-Party Computation (MPC) in recent years due to its potential to enhance privacy and security. As a subfield of cryptography, with MPC, the private key is broken into multiple shares, encrypted, and divided among several parties. This enables multiple trusted parties to collaboratively perform computations on private data without disclosing any information about the data to other participants.
This means the entire key is never present on any device. However, the trusted parties can still come together to sign a transaction. This shifts the key protection concept from relying on a single trusted third party to secure your key. This eliminates typical single point of failures and tedious setup and recovery schemes.
Common methods of compromising private keys include:
Malware infections on servers to steal private keys.
Unauthorized use of a Hardware Security Module (HSM) authentication token to authorize fraudulent
transactions.
Theft of private keys by authorized internal employees.
The Challenge for Mass Adoption: While traditional self-custody may be suitable for sophisticated users with a deep understanding of cryptocurrencies and blockchain, the complexity and risk associated with mnemonic management discourage many potential users, slowing down the integration of these technologies for widespread adoption.
Multi-blockchain support
Enhanced security, performance, and flexibility
Multiple backup and restore options
Multi-Factor authentication
Lower fees than Multisig transactions.
Recover your private key at any time.
OPZ is committed to making self-custodial wallets more accessible without compromising the security that is fundamental to its purpose.
Overview
What is OPZ and why is it needed?
The OPZ Wallet is our answer to the growing need for a more user-friendly and resilient self-custodial wallet. Powered by our KeyFusion protocol, this is a form of MPC (Multi-Party Computation). The wallet combines advanced security features with intelligent, AI-driven insights.
Designed with the user in mind, OPZ Wallet simplifies managing digital assets. It eliminates the need for users to store and remember complex mnemonics, reducing the risk of asset loss.
Web3 and dApp Integration:
Secure interaction with decentralized technology by Multi-Factor Authentication. This allows users to fully leverage the benefits of blockchain and smart contract functionality without compromising the security of their assets.
Advanced AI Technology:
Introducing OPZ-AI, where the future of crypto analysis means staying ahead, covering over 10,000 coins with real-time, actionable insights.
OPZ-DEX: First-of-its-kind platform that leverages the robustness of Bitcoin's Layer 2 to offer decentralized spot, and derivatives products.
OPZ's mission is to accelerate the transition to self-ownership of assets by bridging the gap between the cryptocurrency industry and the traditional financial world. This includes simplifying the key management process, providing clear guidance, and developing more intuitive interfaces that meet users' expectations of traditional banking and online financial services.
Total OPZ Supply: 1,000,000,000 OPZ
Community Allocation (50% - 500,000,000 OPZ):
Trading Rewards Program (14% - 140,000,000 OPZ): Rewards users based on their trading volume and engagement on the platform. The rewards are structured to incentivize both short-term participation and long-term loyalty.
Liquidity Providers Program (7% - 70,000,000 OPZ): Encourages users to provide liquidity to the platform’s pools, enhancing the depth and stability of the market.
Staking Rewards (8% - 80,000,000 OPZ): Users can stake their OPZ tokens to receive rewards, contributing to the platform's security and governance.
Community Treasury (15% - 150,000,000 OPZ): Reserved for future community initiatives, governance proposals, and ecosystem development projects voted by OPZ holders.
Airdrops (6% - 60,000,000): OPZ plans to distribute tokens through multiple rounds of airdrops. The airdrops are intended to engage existing users, increasing liquidity in the ecosystem and attract new participants to the Bitcoin Layer 2 ecosystem.
Investor & Employee Allocation (50% - 500,000,000 OPZ):
Investors (12% - 120,000,000 OPZ): Rewards early backers of the project, with a vesting period structured to align with the long-term success of the platform.
Team and Founders (8% - 80,000,000 OPZ): Allocated to the core team and founders as an incentive for their continued commitment and development of the platform. Vesting periods apply to ensure alignment with the platform’s growth and success.
Advisory Board (0.8% - 8,000,000 OPZ): Allocated to advisors who provide strategic, technical, and business guidance. This is vested over a period to ensure ongoing support and alignment with the platform’s objectives.
Presale (20% - 200,000,000 OPZ): The presale is split into 10 stages, with prices starting from $0.028.
Employee Incentive Plan (EIP) (2% - 20,000,000 OPZ): Reserved for future employees as part of an incentive program to attract and retain talent.
Reserved for New Strategic Investments (7.2% - 72,000,000 OPZ): Set aside for future investments, partnerships, or acquisitions to grow and expand the platform's capabilities and market presence. OPZ tokens in the New Strategic Investments may be staked to generate further reserves to fund further development and to promote and encourage the use of the protocol by the community.
Relative Strength Index (RSI): OPZ-AI leverages RSI to identify overbought or oversold conditions, highlighting possible market turns or corrections.
Bollinger Bands (BB): BB analysis helps you understand market volatility and identify potential support or resistance zones.
Moving Averages (SMA & EMA): OPZ-AI uses these to clarify price trends, making it easier to spot the overall market direction.
MACD: This indicator is key for detecting shifts in trend strength and momentum, offering a nuanced view of market dynamics.
Pattern Recognition: OPZ-AI scans for key candlestick patterns, offering insights into market sentiment and potential price shifts.
And More: OPZ-AI doesn't stop there; it taps into a broader range of indicators and data points. From the Greed and Fear Index, which captures the market's emotional mood, to the Fully Diluted Valuation, giving you insights into a coin's potential market cap. It also brings in metrics like overall market performance, Bitcoin dominance, and other vital indicators
2. Trend Spotting: Knowing market trends is vital, and OPZ-AI turns complex market data into clear insights. OPZ-AI examines price movements, trading volumes, and market sentiment, helping you understand and anticipate market directions effectively.
3. News Synthesis: Stay ahead with synthesized news analysis. OPZ-AI sorts through the noise, bringing you the most impactful news and analyzing the sentiment. This means you get a straightforward, organized view of what's happening and how it might affect the market.
4. Real-Time Insights: Get the latest analytics on your chosen coins and the broader market. OPZ-AI keeps you updated with real-time data, from trading volumes to price changes, ensuring you never miss a beat.
5. Personalized Experience: OPZ-AI tailors its analysis to your preferences, ensuring the insights you receive are accurate and relevant to your trading strategy.
ROADMAP
Q1-Q2 2022 Highlights:
Stay tuned as we keep coming up with new ideas and pushing the limits of MPC technology.
Q3-Q4 2022 Highlights:
This development period was critical in shaping the OPZ Wallet into a leading MPC solution.
Q1-Q2 2023 Highlights:
Technology stack: Chronicle Matching Engine and Zero-Knowledge Rollups.
Initial development of the OPZ Protocol for Layer-2 solutions on Bitcoin.
This period was crucial in solidifying OPZ's commitment to delivering a highly secure, user-friendly, and technologically advanced wallet.
Q3-Q4 2023 Highlights:
Key Features of OPZ-NFC Card: The card facilitates secure offline storage of MPC keys and seamless interaction with dApps and the OPZ app.
Token Security API: Implement a system for detecting token risks, ensuring safe and secure asset management.
Malicious Address API: Introducing auto-detection features during asset transfers to safeguard against potential security threats.
Purpose of Demo: Gather valuable user feedback and fine-tune the platform before its full-scale launch.
As we closed out a successful 2023, our focus shifted towards the upcoming release of the OPZ Wallet iOS app.
Q1-Q2 2024 Highlights:
Pitching to Tech Giants and Founders: Actively seeking collaborations and support from industry leaders and innovative founders to enhance our market presence and foster strategic partnerships.
Launching Comprehensive Marketing Campaigns: Implementing extensive marketing strategies to introduce our products to a broader audience, emphasizing the unique features and benefits of the OPZ wallet.
Community Engagement and Brand Building: Focus on building a strong community around OPZ with social media, influencer partnerships, and community events to increase brand awareness and user adoption.
DEX Official Launch and Optimization:
Key Enhancements in Blockchain Support:
The first half of 2024 is a transformative period for OPZ, with the launch of new products and a strong emphasis on marketing and community building.
The 2024-2025 period is significant for OPZ as we shift towards full decentralization and open-source our code. Once complete, we encourage the community to use the open-source code as a starting point to grow the OPZ ecosystem.
Key Developments and Initiatives:
Fully Decentralization: As the Bitcoin Layer-2 ecosystem evolves, OPZ strategically harnesses this growth. Our vision for 2024 and 2025 centers around leveraging the advancements within the Bitcoin Layer-2 space to develop a fully decentralized DEX with no central components. Decentralization will radically improve transparency, safety, fairness, and equality of opportunity. OPZ-DEX will be entirely open source and audited by industry experts.
Launch of a grant program to encourage innovation within the OPZ blockchain ecosystem.
Introducing a custom bridge to connect with other chains and integrate with popular decentralized and centralized exchanges.
Continual Improvement of OPZ-AI:
Incorporating more comprehensive analysis tools beyond the basics, including advanced indicators and data points for a nuanced understanding of market dynamics.
Continued Development and Integration of OPZ Wallet and NFC Technology:
Further enhancements to the OPZ Wallet app, incorporating new features and security measures.
Increased focus on compatibility between the OPZ wallet, NFC technology, and the Bitcoin Layer 2 network.
Marketing and Community Building:
Strengthening marketing initiatives to increase brand visibility and user adoption.
Building a strong community around the OPZ ecosystem through events, collaborations, and social media engagement.
Creating a solid developer community through workshops, hackathons, and open-source contributions.
INFORMATION
WEBSITE : http://opz.com/
WHITEPAPER : https://whitepaper.opz.com/
TWITTER : https://twitter.com/OPZ_Official
DISCORD : https://discord.gg/SSmXDHCMZC
TELEGRAM : https://t.me/OPZ_Chat
ANN : https://bitcointalk.org/index.php?topic=5489933.0#post_
AUTHOR
Bitcointalk Username: Jan Vertonghen
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2853541
Wallet Address: 0xc1d81594a5294078906a76fbdce1768f22b8c5aa
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