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Cryptocurrency News Articles

Aleph Zero Launches Its Ultra-Fast Ethereum-Compatible Layer-2, Expanding Its Privacy Tools and New Apps Compatible With the World's Biggest Web3 Ecosystem

Aug 13, 2024 at 01:10 am

Aleph Zero — a blockchain ecosystem engineered for speed, data confidentiality, and ease of development — today announced the mainnet launch of its new EVM-compatible Layer-2 solution.

Aleph Zero Launches Its Ultra-Fast Ethereum-Compatible Layer-2, Expanding Its Privacy Tools and New Apps Compatible With the World's Biggest Web3 Ecosystem

Technology company Aleph Zero has announced the launch of its new EVM-compatible Layer-2 solution on August 12th, 2024. This Layer-2 will expand Aleph Zero's capabilities by integrating with the Ethereum ecosystem, enabling the development of new applications and expanding the reach of Aleph Zero's zkOS privacy-enhancing solutions.

The Aleph Zero EVM Layer-2 is built in partnership with Gelato, a leading Rollup-as-a-Service provider, and leverages Arbitrum Orbit technology. This combination results in an exceptionally fast and efficient blockchain, boasting a block time of up to 250 milliseconds with near-instant transaction finality. The network is capable of processing thousands of transactions per second, positioning it as one of the fastest EVM-compatible chains available.

“Aleph Zero EVM uses Arbitrum Orbits’ advanced web3 scaling stack – with the most performant developer tooling – to create the most advanced privacy-enhancing blockchain infrastructure on the market. Privacy will become a major narrative in 2024 and beyond, as more mainstream use cases emerge.” - Luis Schliesske, Founder of Gelato

The Layer-2 solution will utilize Aleph Zero's existing Substrate-based WASM Layer-1 blockchain as its Data Availability layer. This architecture ensures a robust and decentralized foundation for the new EVM environment, benefiting from Aleph Zero's established network of over 190 validator nodes.

AZERO, the ecosystem token, will be used on the Layer-2 to power all gas transactions similarly to how it’s being used now on the Layer-1.

zkOS Features Coming to Aleph Zero’s EVM-Layer in Q4zkOS is Aleph Zero's new comprehensive privacy framework designed to make integrating confidentiality features into blockchain applications more accessible and user-friendly. This aligns with Aleph Zero's vision of making privacy-enhancing technologies easier to use, with the optimization benchmarks showing the system’s ability of proving ZK proofs in less than a second on consumer devices.

zkOS consolidates Aleph Zero's privacy products into a single, developer-friendly toolkit that doesn't require deep cryptographic knowledge to implement. zkOS aims to solve existing challenges in on-chain privacy, such as poor user experience, long proving times, and limited multisig capabilities. By optimizing zero-knowledge proof generation to under a second on consumer devices, zkOS strives to make privacy features more practical and economically beneficial for both new and existing applications across multiple blockchain ecosystems.

“EVM, with its user base and well-developed tooling, allows us to expedite the development of zkOS privacy framework and bring it to the second-largest market in crypto beyond Bitcoin. This is a perfect addition to our Layer-1 and adds optionality for developers and users alike.” - Adam Gagol, Co-Founder of Aleph Zero

The first use cases already building on Aleph Zero EVM include:

Introducing vib3svib3s, another use case on the Aleph Zero EVM, is set to enable the sports and entertainment industries to deepen their customer and fanbase relationships with the power of Web3.

This whitelabel service allows organizations to quickly introduce innovative apps that boost retention and loyalty within their user base, with an easy-to-deploy product that can be customized towards the needs of any organization.

Among the key features, users will find the newsfeed, an embedded crypto wallet, on-chain loyalty points system, thematic games for fan engagement, branded card payments, loyalty points cashback, among others. An important part of the app is its privacy-respecting nature that makes it compliant with the GDPR laws.

vib3s is powered by the Aleph Zero blockchain and the Upcade gaming hub, as well as solutions from Holyheld, Thirdweb, idOS, and others.

The project will launch its first implementation this month, targeting a large-scale entertainment use case in Europe.

For any enquiries about this release, please contact [email protected] or [email protected]

News source:www.securities.io

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