Aleph Zero Launches Ultra-Fast EVM-Compatible Layer-2 Solution in Partnership with Gelato
Zug, Switzerland, August 12th, 2024, Chainwire: Aleph Zero, a blockchain ecosystem known for its speed, data confidentiality, and ease of development, has announced the mainnet launch of its new EVM-compatible Layer-2 solution. This collaboration with Gelato, a leading Rollup-as-a-Service provider, and leveraging Arbitrum Orbit technology, results in a blockchain with a block time of up to 250 milliseconds and near-instant transaction finality. The network can process thousands of transactions per second, making it one of the fastest EVM-compatible chains available.
The Aleph Zero EVM Layer-2 will utilize the existing Substrate-based WASM Layer-1 blockchain as its Data Availability layer, providing a robust and decentralized foundation. The ecosystem token, AZERO, will power all gas transactions on the Layer-2, similar to its current use on the Layer-1.
In the fourth quarter, zkOS features will be integrated into Aleph Zero’s EVM-Layer. zkOS is a privacy framework designed to enhance blockchain applications with confidentiality features, aiming to make privacy-enhancing technologies more accessible and user-friendly. The system can generate ZK proofs in less than a second on consumer devices, making privacy features more practical and economically beneficial for applications across multiple blockchain ecosystems.
The first use cases building on Aleph Zero EVM include pieces.market, Syncra, Upcade, Rarible, DRKVRS, idOS, and Tubbly. Additionally, vib3s, a whitelabel service on the Aleph Zero EVM, targets the sports and entertainment industries to deepen customer relationships with Web3 capabilities.
vib3s offers innovative features such as newsfeed, embedded crypto wallet, on-chain loyalty points system, thematic games, branded card payments, and privacy-respecting practices compliant with GDPR laws. The project is powered by Aleph Zero blockchain, Upcade gaming hub, and solutions from Holyheld, Thirdweb, and idOS.
Overall, Aleph Zero’s developments in Layer-2 solutions and privacy frameworks showcase their commitment to advancing blockchain technology for practical and efficient use cases. These innovations have the potential to revolutionize industries and improve user experiences in the Web3 ecosystem. By focusing on speed, data confidentiality, and user-friendly applications, Aleph Zero is paving the way for a more secure and efficient blockchain environment for developers and users alike.