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Lumino Ceremony: Building the Privacy Protection Infrastructure

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PlatON, a privacy AI computing network which is committed to building a decentralized collaborative artificial intelligence network and global brain, is promoting the democratization of artificial intelligence and establishing a secure general artificial intelligence. The bottom layer of its decentralized privacy protection infrastructure is based on Zero-Knowledge Proof.

What is Zero-Knowledge Proof

Zero-Knowledge Proof is a cryptographic technology to realize privacy protection authentication. The prover needs to make the verifier believe that he knows or owns a message, without disclosing any information about message which is to be confirmed. For example, if the prover wants to prove that he knows the safe box password without revealing it, he can just show some items existing in the safe box that everyone knows.

This process is Zero-Knowledge Proof. The proof needs an initial credible setting (some items existing in the safe box that everyone knows), namely a series of public parameters to help the prover build Zero-Knowledge Proof.

Deficiency of Zero-Knowledge Proof

As a cryptographic technology with both privacy protection and authentication capability, zero-knowledge proof is widely used to realize transaction verification under hidden business details in blockchain. The zero-knowledge proof system applied in the blockchain field is mainly a cryptographic algorithm called “zk-SNARKs”. At present, the existing classic zk-SNARKs algorithms include  GGPR13, PGHR13, Groth16, GM17, and new generation algorithms such as Sonic, Marlin, Plonk, which support updating public parameters. The current version of ZCash, a well-known private cryptographic currency, uses Groth16 algorithm.

From the above “safe box”, we can see that the premise for the correct operation of this kind of algorithm is existing a series of random trusted parameters. However, randomized parameters will not come out of thin air and there is no trusted third party in the blockchain. Parameters created by centralized third parties can be reconstructed in theory, and it is possible to forge proofs, which may destroy the underlying security in PlatON. Imagine that if a specific institution informed the verifier of the storage of the items in the safe box, the institution and the prover could collude and use this secret information to falsify the illusion that the prover knew the safe box password.

Therefore, it is an undoubtedly excellent idea to organize multiple participants to create these randomized parameters through Secure Multi-party Computation. In this process, single party can not reconstruct the parameters any more. Only when this activity is completed safely will the subsequent decentralized application be safe. In fact, ZCash has successfully created system parameters for Groth16 algorithm in November 2017 through its ceremony, Power of Tau.

Lumino, creating secure parameters

In order to prevent the parameters generated by the centralized mode from affecting the underlying security, PlatON started the Secure Multi-party Computation ceremony Lumino on June 21, 2021, last for   60 days. This ceremony is expected to create necessary secure parameters for the Zero-Knowledge Proof protocol.

During the Lumino ceremony, multiple participants carry out several rounds of calculation in the form of a relay, that is to say, the current participant need to use the calculation results of the previous participant as the input of this round, and the calculation output become the calculation input of the next participant as well. After a certain number of rounds, the output of the last participant is the final result of the whole ceremony, namely the system initialization parameters that Plonk thatalgorithm of PlatON will choose. Obviously, the more participants take part in the ceremony, the safer the parameters will be.

As a practical and efficient Zero-Knowledge Proof algorithm, Plonk is commonly used in PlatON projects and communities, which is characterized by a one-time initialization process, that is, running once can be used to deploy multiple applications. Providing necessary initialization parameters for Plonk algorithm through Lumino ceremony means that no one can master the secret information behind the parameters, which can be used to cheat players in the whole system. Lumino ceremony will lay a solid foundation for the security of PlatON.

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Post Oak Group Weighs In on Private Credit’s Expanding Role in Middle-Market Financing

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Post Oak Group, recognized as the top middle-market investment bank in Texas, weighs in on what private credit’s expanding role means for middle-market financing.

Houston, Texas, United States, 29th Aug 2026 – As traditional bank lending has grown more selective, private credit has moved from the margins of the financial system to become a core source of capital for middle-market companies. According to PwC’s 2026 Global Private Credit Survey, the asset class now manages more than $2 trillion globally and is projected to reach $3.4 trillion by 2030, underscoring its growing importance in how businesses finance growth, acquisitions, and recapitalizations. Post Oak Group, recognized as the top middle-market investment bank in Texas, is highlighting what this shift means for business owners evaluating their financing options.

“Private credit isn’t a niche alternative anymore; it’s become a mainstream financing tool that middle-market companies need to understand,” said David Chua, co-founder and Managing Partner at Post Oak Group. “As banks have pulled back from certain types of lending, private credit lenders have stepped in with more flexible, bespoke structures. For business owners, that means more paths to capital, but also more complexity in figuring out which path fits their situation, which is exactly where the right advisory relationship matters most.”

A Broader Set of Financing Options

Private credit’s growth has been driven by several converging factors: banks retrenching from certain lending categories, borrowers increasingly seeking customized structured solutions rather than standardized bank products, and investors’ ongoing search for yield in a higher-for-longer interest rate environment. What began as primarily direct corporate lending has since expanded into asset-backed finance, infrastructure debt, real estate debt, distressed debt, and specialty finance, giving companies liquidity solutions across a much wider range of risk profiles than were available even a few years ago.

For middle-market business owners, this expansion translates into real optionality. Growth capital, acquisition funding, debt refinancing, and recapitalizations that might once have required a straightforward bank term loan can now be structured through private credit relationships that offer more flexibility on terms, timelines, and structure, often without requiring owners to give up operational control or dilute ownership the way an equity raise would.

The PwC survey also found that sentiment among private credit portfolio managers remains strongly positive: more than 80% expect to receive increased capital allocations over the next 12 months, with nearly half anticipating growth of more than 20%. That continued inflow of capital into the asset class means middle-market companies are likely to see private credit remain a readily available, and increasingly competitive, financing option going forward.

Access Is the Differentiator

“The businesses that benefit most from this shift are the ones that work with advisors who actually have relationships across the private credit landscape, not just a list of lenders,” said Sunny Basra, Executive Director of Post Oak Group’s Capital Markets practice. “As one of the most connected firms to family offices and venture capital firms globally, we’re able to bring clients directly to the capital sources that fit their situation, rather than running a generic process and hoping something sticks.”

Post Oak Group‘s Private Credit Advisory practice works with middle-market companies and investment funds to identify, structure, and secure capital from institutional sources, including private credit lenders, private equity firms, family offices, and strategic investors. That network, spanning family offices and venture capital relationships across North America, Europe, Asia, and the Middle East, combined with the firm’s standing as Texas’s top middle-market investment bank, is central to how the firm approaches every private credit mandate.

As private credit continues to expand its footprint in middle-market finance, Post Oak Group is encouraging business owners evaluating growth capital, acquisition financing, or refinancing to consider the full range of alternatives now available to them, and to work with advisors who can help them navigate an increasingly complex capital markets landscape.

About Post Oak Group

Post Oak Group is the leading middle-market investment bank headquartered in Houston, Texas. With approximately 300 professionals and more than 250 years of combined leadership experience, the firm has advised on over $82 billion in transactions across 12 countries. Recognized as the top middle-market investment bank in Texas and widely regarded as one of the most connected firms to family offices and venture capital firms globally, Post Oak Group helps clients secure institutional capital through disciplined, strategic execution across the full spectrum of capital markets services, including private credit advisory, private placements, and fund placement services.

Media Contact

Organization: Post Oak Group

Contact Person: David Chua

Website: https://www.postoakgroup.co/

Email:
info@postoakgroup.co

City: Houston

State: Texas

Country:United States

Release id:48578

The post Post Oak Group Weighs In on Private Credit’s Expanding Role in Middle-Market Financing appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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BOOMFIT PREMIUM Krasnodar Severny hosts a superhero-themed promotional event

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Russia, 29th Aug 2026 – BOOMFIT PREMIUM Krasnodar Severny held a superhero-themed promotional event on August 26, 2026, featuring a performer in a superhero costume who completed a workout demonstration at the gym. The event took place at the club in the Severny neighborhood of Krasnodar’s Prikubansky district.

The costumed performer arrived on a themed yellow-and-black motorcycle. On entering, he performed a short staged gag with a folded towel of the type the club provides to guests, before beginning a training session. The session included a warm-up, dumbbell biceps curls, overhead barbell presses for the front and middle deltoids, wide-grip pull-ups, hanging (inverted) barbell rows, vertical raises and inversions, and a treadmill run. The performer then used the club’s sauna and contrast shower.

BOOMFIT PREMIUM representatives did not provide comment on the event.

A video of the event is available at https://www.youtube.com/shorts/x5HxVnndzu4 
 

About BOOMFIT PREMIUM Krasnodar Severny

BOOMFIT PREMIUM is a fitness club in the Severny neighborhood of Krasnodar’s Prikubansky district. The club offers modern training equipment, a complimentary towel for every guest, a sauna and contrast showers, and the BOOM START program of 30-minute mini-group training sessions. More at https://boomfitness.ru/krasnodar_sv.

Media contact

BOOMFIT PREMIUM Krasnodar Severny

Phone: +7 (861) 206-37-77

Email: krd@boomfitness.ru

Website: https://boomfitness.ru/krasnodar_sv 

Media Contact

Organization: BOOMFIT PREMIUM Krasnodar Severny

Contact Person: Marketing

Website: https://boomfitness.ru/krasnodar_sv

Email: Send Email

Country:Russia

Release id:48571

The post BOOMFIT PREMIUM Krasnodar Severny hosts a superhero-themed promotional event appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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WeClean Makes Separately Washed, Affordable Laundry More Accessible Across the Philippines

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The Filipino laundry company operates 14 branches and offers straightforward pricing, individual-load processing and everyday garment care

Manila, Philippines, 29th Aug 2026 — WeClean is making professional laundry care more accessible to Filipino households through a service built around a simple commitment: every customer’s order is washed separately.

Founded in 2017, the Filipino laundry company now operates 14 branches across Metro Manila and destinations including Palawan and Siargao. Its network serves communities in Makati, Manila, Pasay, Pasig and Quezon City, as well as El Nido, Puerto Princesa and Siargao.

WeClean’s separately processed orders address a practical concern for customers who want greater confidence in how their clothes are handled. Garments from different customers are not combined during washing, while customers with sensitive skin or specific preferences can provide their own detergent or fabric softener.

The company complements this approach with straightforward pricing. In-branch wash, dry and fold services are charged per load of up to seven kilograms, while pick-up and delivery orders are priced by weight. WeClean states that its rates contain no hidden fees and accepts cash, GCash and payments through QR Ph-associated banks.

Its core wash, dry and fold service is supported by specialist options including dry cleaning, household-item cleaning, ultrasonic sneaker care and commercial laundry for hospitality, wellness and local businesses.

Most WeClean branches are open daily from 7 a.m. to 9 p.m., with selected locations operating 24 hours. Customers can visit a neighbourhood branch or arrange a free collection within participating service areas. Both walk-in and collected orders are advertised with a 24-hour turnaround.

The company’s branch network reflects a local-first operating model. While digital booking and door-to-door collection are available for customers who need greater convenience, most WeClean customers continue to be served personally by team members at its physical locations.

With its combination of individual-load washing, accessible pricing and an expanding presence in urban and island communities, WeClean aims to offer Filipino consumers a reliable alternative for managing everyday laundry.

Customers can find their nearest branch, check local operating hours or request a pick-up at https://weclean.com.ph/.

About WeClean

Established in 2017, WeClean is a Filipino laundry and garment-care company operating 14 branches across Metro Manila, Palawan and Siargao. Its services include wash, dry and fold; household-item cleaning; pick-up and delivery; dry cleaning; ultrasonic sneaker cleaning; and commercial laundry. Every customer order is washed separately.

For additional information, visit https://weclean.com.ph/.

Media Contact

Organization: WeClean

Contact Person: Quin Ryle Torres

Website: https://weclean.com.ph/

Email:
info@weclean.com.ph

City: Manila

Country:Philippines

Release id:48573

The post WeClean Makes Separately Washed, Affordable Laundry More Accessible Across the Philippines appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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