There have been several exciting updates on the Aleph Zero blockchain over the past month. In this article, we will explore developments like the launch of Aleph Zero’s EVM and the integration of EVM and WASM layers for effortless asset transfers. We will also discuss the launch of VIB3S, a new platform aimed at enhancing fan engagement.
As we navigate these advancements, we’ll see how Aleph Zero is just starting to reshape the future of finance, governance, and community interaction in the blockchain space.
Aleph Zero’s EVM Went Live
The launch of Aleph Zero’s EVM marks a significant breakthrough in addressing the pressing challenges of scalability, privacy, and cost efficiency that plague many Layer-1 blockchains. With transaction speeds of just 250 milliseconds and costs as low as $0.005 per transaction, Aleph Zero’s Layer-2 solution promises to enhance user experience and foster the development of high-frequency decentralized applications.
Moreover, its innovative use of zero-knowledge proofs ensures robust client-side security, allowing you to maintain control over your data while enjoying a seamless transaction process. As a developer-friendly environment with strong community support, Aleph Zero’s EVM is set to revolutionize the blockchain landscape and promote widespread adoption across various sectors.
Aleph Zero Connects EVM and WASM Layers: A New Era of Asset Transfers
Aleph Zero has successfully connected its EVM and WASM layers on Testnets through the MOST bridge, enabling seamless asset transfers between the two layers. This integration enhances user experience by allowing direct bridging of AZERO, the native coin, between Aleph Zero WASM L1 and EVM L2, eliminating reliance on previous methods.
Initially, a transaction limit of 1,000 AZERO will be imposed for stability, but this will be lifted as the system proves stable. As interest in the Aleph Zero ecosystem grows, this development paves the way for greater flexibility, facilitating new projects and applications in the expanding blockchain landscape.
Abax Finance Lending + Borrowing is Live
In 2024, getting involved in DeFi offers exciting opportunities, especially with lending and borrowing now available on the Aleph Zero blockchain. Firstly, you can earn interest on your deposits, allowing your assets to generate returns while remaining liquid. Secondly, by borrowing against your collateral, you can access funds without having to sell your assets, giving you greater flexibility in managing your financial strategy.
To get started, head to Abax Finance and make your first deposit using supported assets like WETH, WBTC, USDT, USDC, and WAZERO!
Holyheld is Supporting Aleph Zero’s EVM
You can now use your bridged stablecoins for everyday purchases with Aleph Zero EVM, thanks to Holyheld. This integration allows seamless stablecoin transactions through physical cards and supports Google Pay and Apple Pay. Furthermore, you may earn up to 1% cashback in USDC on every purchase, which can also be claimed as bridged USDC on Aleph Zero.
Holyheld is a versatile platform that provides a debit card and personal IBAN for managing self-custody wallets. This enables you to engage in crypto activities like trading, participating in DAOs, and managing NFTs all in one place.
Phase Three of AZERO’s Governance is Underway
Phase three of the Aleph Zero governance process focuses on establishing a maximum supply cap for AZERO and determining the first-year emission rate. Significantly, this phase is crucial for shaping the future inflation dynamics of the token, following the community’s decision to implement a maximum supply and exponentially decreasing inflation. Voting begins on September 18 and will feature options for the maximum supply cap ranging from 380 million to 920 million AZERO.
To participate in the voting, you can use the AZERO Inflation Calculator to assess how your choices will influence validator and nominator rewards. Voters will vote on the maximum supply parameter first, with the winning option determined by the weighted median of all submissions. Following this vote, the process will shift to determining the first-year emission rate, ensuring all members can contribute to these pivotal decisions in the Aleph Zero ecosystem.
The Future of Fan Engagement with VIB3S
VIB3S enhances brand loyalty through innovative retention and engagement tools tailored for sports and entertainment organizations. Firstly, this new B2B2C solution is a white-label mobile app engine designed to transform how fans engage with their favorite brands, ultimately quickly bringing millions of users on-chain.
Moreover, VIB3S simplifies blockchain integration, operating on the Aleph Zero network in partnership with Thirdweb, ensuring you can enjoy on-chain benefits without the complexities typically associated with blockchain technology. With features like customizable digital assets, thematic mini-games from Upcade, and branded card payments offering on-chain loyalty rewards, VIB3S is set to redefine fan experiences and deepen connections between fans and their preferred brands.
In a thrilling initial milestone, FAME MMA became the inaugural app to launch on VIB3S! As one of Europe’s largest PPV sellers, FAME MMA’s app offers users seamless wallet integration, NFT minting, and smooth on-chain transactions.
Aleph Zero Attended a Genfinity Cross-Chain Panel
In a recent discussion, blockchain leaders from XDC Network, DFINITY, and Aleph Zero shared insights on the evolving blockchain landscape, focusing on current advancements and future trends.
Matthew Niemerg, President of Aleph Zero, elaborated on blockchain’s foundational promises, stressing the need for seamless integration into government processes to facilitate practical applications. Notably, he predicted a future where blockchain technology becomes nearly invisible to users, allowing them to benefit from its security without understanding the underlying complexities. Additionally, he expressed enthusiasm about the launch of Aleph Zero’s EVM and WASM layers, which is expected to enhance adoption and create new institutional use cases, particularly in payments and privacy technologies.
Niemerg also pointed out the critical role of privacy in the future of blockchain applications. While many existing platforms prioritize transparency, he noted the increasing demand for solutions that maintain user privacy without compromising security. Highlighting Aleph Zero’s advancements in Zero-Knowledge Proofs, which allow for rapid verification while keeping sensitive information confidential, he envisioned a landscape where businesses could leverage these privacy features to build trust with users like you. This focus on privacy and anticipated institutional use cases position Aleph Zero as a pivotal player in shaping the future of decentralized applications.
You can read more about Matthew’s discussion with Genfinity on our website.
Insights from Interlock’s Web3 Security Livestream
Interlock hosted a livestream event in August aimed at clarifying the complexities of Web3 security. The event featured co-founder Andrew Ciaccia and Security Advisor Ethan Johnson. During the discussion, Ethan shared his extensive background in cybersecurity, including his experience as a CISO at major financial institutions. Furthermore, the conversation delved into current security threats, such as sophisticated phishing attacks and evolving scams like “pig butchering,” which mislead individuals into crypto schemes.
Additionally, Ethan explored the persistent issues of insider threats and the importance of proportional security measures. He urged individuals and organizations to adopt advanced security practices, such as using hardware wallets and implementing multi-party computation systems for asset protection. The discussion underscored the need for continuous vigilance in a rapidly changing security landscape.
By demystifying these concepts, the event equipped viewers with valuable insights to navigate the intricacies of Web3 security better and protect their digital assets effectively. Interlock builds upon the Aleph Zero blockchain, integrating robust security measures and ensuring a safe browsing environment.
Other Developments
Panjea Launches Their Testnet
The team at Panjea has announced the launch of its Aleph Zero testnet, which aims to revolutionize content creation and reward systems on the blockchain. You can apply for access to Panjea now!
Panjea embodies an ethos of empowering content creators through a decentralized platform prioritizing creativity and economic sustainability. Incorporating a unique internal economy redistributes significant value back to creators while fostering a community-driven environment free from corporate influence and advertising pressures. Co-founders Kieron Bain and Lee Kerr aim to challenge the status quo of content monetization, promoting authenticity and meaningful engagement in a digital landscape often dominated by hype and superficial metrics.
BlockWallet
You can now access Aleph Zero through BlockWallet! BlockWallet offers convenient swaps and bridges for faster transactions and improved privacy.
AZERO.ID
In August, AZERO.ID turned one year old. AZERO.ID is set to transform the crypto landscape; this groundbreaking platform allows you to start your crypto journey with a secure and adaptable domain. Picture a comprehensive solution that protects your transactions and provides a personalized website to showcase your credentials and social media links. Moreover, AZERO.ID ensures full ownership of NFTs and introduces trustless subdomains, giving you exceptional control over their online identities and endeavors.
Bank Pekao SA + Aleph Zero Project
Bank Pekao SA is one of Poland’s leading financial institutions, offering various banking services to individuals and businesses. Established in 1929, the bank has a strong presence in retail banking, corporate finance, and investment services. Known for its commitment to innovation, Bank Pekao SA is actively integrating digital solutions to enhance customer experiences and streamline financial transactions.
At a recent conference, Aleph Zero addressed key representatives from major publicly traded companies and prominent funds in the CEE region. This event showcased the growing institutional interest in digital assets, with Aleph Zero recognized as a leading project in the field.
The presentation gave an overview of blockchain technology, current successful use cases, and how traditional businesses can enhance operational efficiency. Additionally, Aleph Zero’s increasing adoption was highlighted, along with the introduction of their new program, NEON, designed specifically for enterprise and institutional partners.
Do you want more information about this upcoming collaboration with Bank Pekao SA? So do we! Stay tuned.
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