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HomeCryptoAleph ZeroApril Update: Aleph Zero's Technological Advancements

April Update: Aleph Zero’s Technological Advancements

Discover the latest technological advancements and strategic partnerships within the Aleph Zero ecosystem in our April update. Stay informed on the latest developments driving innovation in blockchain technology.

In April, Aleph Zero witnessed significant technological advancements across various projects, reflecting the ecosystem’s commitment to innovation and progress. Notable updates include Archblock’s collaboration with Aleph Zero to introduce 1USD, a privacy-focused stablecoin, paving the way for on-chain commerce while ensuring compliance and confidentiality. 

Additionally, DRKVRS launched its Web3 gaming project, promising players true ownership of in-game assets through blockchain technology, with the SIN token pre-sale marking a strategic move towards establishing a foundational community. 

Looking for more updates? Keep reading to stay informed!

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Exclusive interview: Archblock’s 1USD & pioneering on-chain commerce on Aleph Zero

Archblock’s collaboration with Aleph Zero to introduce 1USD, a privacy-focused stablecoin, signals a significant step towards shaping the future of on-chain commerce. Notably, this partnership reflects Archblock’s commitment to transparency and compliance in stablecoin management, with a focus on ensuring “compliant confidentiality.” By leveraging Aleph Zero’s privacy-centric blockchain, Archblock aims to address the privacy concerns prevalent in public blockchains while providing stability and accessibility to users and developers.

Furthermore, the decision to launch 1USD on Aleph Zero underscores the importance of privacy-focused platforms in the Web3 ecosystem. Archblock’s Director of Partnerships, Christian Walker, emphasized the alignment with evolving regulatory landscapes and the unique opportunity to balance blockchain transparency with privacy expectations. Through initiatives like “compliant confidentiality,” Archblock aims to offer users the same level of privacy inherent in Web2 technologies. It plans on doing this while also capitalizing on the advantages of blockchain technology, fostering innovation in on-chain commerce.

In the realm of on-chain commerce, the demand for stablecoins with privacy-enhancing features is apparent, especially as users seek to transact in on-chain fiat. Archblock’s 1USD not only tackles privacy concerns but also ensures compliance with dynamic regulatory standards.

Subsequently, it positions itself as a solution for businesses and institutions navigating financial regulations. As the industry confronts the barrier of slowing adoption due to the absence of privacy features, the collaboration between Archblock and Aleph Zero represents a significant effort to revolutionize on-chain commerce through private stablecoins that prioritize both compliance and confidentiality.

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DRKVRS launched a Web3 gaming project with a SIN token pre-sale on Aleph Zero

DRKVRS is revolutionizing the gaming landscape by harnessing blockchain technology to offer players true ownership of in-game assets. Through its integration of blockchain, DRKVRS ensures transparent and secure transactions. The platform is enthusiastically setting a new standard for fairness and authenticity in gaming. Moreover, the project’s emphasis on community engagement, facilitated by decentralized autonomous organizations (DAOs), also empowers players to actively shape the development and rules of the gaming ecosystem.

Subsequently, the unveiling of DRKVRS’s teaser trailer offers a glimpse into a dystopian gaming universe filled with immersive narratives and captivating gameplay mechanics. The trailer showcases the project’s commitment to combining intricate storytelling with advanced blockchain functionality. These elements promise a gaming experience for you unlike any other! With its dark, cyberpunk-inspired setting and player-driven narratives, DRKVRS sets itself apart as a pioneering force in the blockchain gaming revolution.

Furthermore, the launch of the SIN token pre-sale through TRANSRAAD marks a strategic move to establish a foundational community for the DRKVRS project. This pre-sale provides early adopters with exclusive benefits, including in-game advantages and access to updates. Additionally, Aleph Zero’s role as the underlying platform for DRKVRS ensures gaming-ready scalability and privacy-enhancing features. Through these initiatives, DRKVRS is poised to usher in a new era of blockchain gaming — players are not just participants but true stakeholders in the gaming universe.

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Common, MOST, & Zahir updates

Common Testnet

Common, a versatile suite of tools for on-chain trading, prioritizes speed, privacy, and compliance with AML/CFT regulations. Leveraging Aleph Zero’s rapidity, scalability, and fraud-protected privacy layer, Common offers many benefits. Some of those benefits include deep liquidity, privacy-enhanced order mechanisms, multichain trading support, and specialized solutions for institutional investors. Additionally, there are features like seedless wallets and protection against MEV and front-running.

The release of Common Testnet version 0.6.0 heralds exciting advancements, including enhanced user experience and streamlined processes for handling custom tokens. As the launch of the Common Mainnet approaches, this latest testnet iteration empowers users with smoother operations and flexibility in managing various token types. Remarkably, Common’s frontend seamlessly supports whitelisted tokens by default. Moreover, you can now also engage with custom tokens, creating pairs for enhanced trading possibilities.

Furthermore, the upcoming release will introduce the public testnet deployment of MOST, the bridge connecting Aleph Zero and Ethereum directly integrated into Common’s user interface. This significant milestone marks a crucial step towards bridging networks and expanding interoperability. This update will offer you seamless access to assets across different blockchain ecosystems.

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The Common AMM Testnet now allows farming

Common version 0.7.0 brings farming pools to the Testnet release, a significant step towards the upcoming mainnet launch of Common AMM. You can now earn extra rewards in AZERO and other tokens by providing liquidity in Common AMM through farming on liquidity pools.

Significantly, the update also includes features like the ability to start and stop farming at any time, visual cues for enabled farms, automatic farming of liquidity, and instant loading performance improvements for pools. Additionally, three farms have been created for Common Testnet, and users providing liquidity to these farms can manually start farming for additional rewards.

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MOST bridge enters public testing

The eagerly awaited bridge connecting Aleph Zero Testnet and Ethereum Sepolia Testnet is set to undergo public testing as of April 17. Remarkably, the MOST team has achieved significant progress towards its Mainnet release, culminating in the commencement of the Public Testnet phase. 

Noteworthy achievements include the successful completion of audits by Hats Finance and an additional audit for the relayer by Kudelski Security. As the project approaches the code freeze phase, the final steps towards the Mainnet release are swiftly approaching. 

During the Public Testnet phase, several key objectives will be highlighted. Those objectives include comprehensive testing of the bridging infrastructure in collaboration with Aleph Zero users, alongside various configurations of the Advisory for Relayer. Additionally, areas of focus will encompass security, performance, stress testing, history disruption and sync handling, as well as ongoing UX/UI testing and integration. 

Zahir 13.3 update

The Aleph Zero 13.3 Zahir upgrade has launched on the Mainnet, introducing substantial enhancements across efficiency, security, and cost-effectiveness. Transaction fees have been slashed by 10 times, positioning the network for high-frequency usage! This is particularly beneficial for enterprise use cases, High-Frequency Trading, and DeFi.

Key improvements include validator pruning for disk space-saving, a proxy pallet for enhanced user interaction, and also an updated AlephBFT consensus model for heightened resilience. Bug fixes address issues like false-positive equivocation panics and gas overcharging. These fixes ensure smoother operations and paving the way for real-world applications and enterprise adoption.

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Gain token insights with aScan

aScan, a token explorer tool, serves as a pivotal platform for navigating the Aleph Zero ecosystem. Particularly focusing on PSP22 tokens, akin to ERC-20 tokens on Ethereum, aSecan ensures versatility and security. The platform caters not only to token exploration but also serves as a valuable resource for developers, investors, and enthusiasts within the Aleph Zero community, offering comprehensive token details, real-time data updates, and a user-friendly interface.

Moreover, aScan’s offerings encompass a wealth of information on PSP22 tokens, real-time transaction updates, and an intuitive interface. These attributes facilitate informed decision-making and enhance your experience. Available on both Mainnet and Testnet, aScan invites you to delve into the world of Aleph Zero tokens, providing a gateway to explore and engage with the ecosystem.

Galxe incorporates Aleph Zero for community rewards

Galxe, renowned for its vast user base and collaborative ventures within the Web3 community, now incorporates Aleph Zero into its platform. Notably, this incorporation promises exciting opportunities for community engagement. With a history of facilitating numerous campaigns and partnerships, Galxe offers a robust environment for over 12 million users, positioning itself as a key player in Web3 development. By integrating Aleph Zero, Galxe opens avenues for you to participate in on-chain tasks and rewards. Ultimately, this enhances community involvement and interaction. 

Furthermore, through this Galxe and A0 collaboration, you gain control over your credentials, enabling you to prove eligibility for various on-chain activities. These activities include liquidity pool contributions, voting, and participation in Galxe campaigns. The integration marks the beginning of a dynamic partnership, with Aleph Zero’s ecosystem startups poised to deploy campaigns and further enrich the collaboration.

The central team of Aleph Zero plans to collaborate with ecosystem startups to implement campaigns as part of the ecosystem’s go-to-market strategy, which encompasses initiatives with projects like Common, AZERO.ID, DRKVRS, and additional partners.

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Other significant developments:

  • Push notifications are now accessible for your AZERO through the NovaWalletApp! Aleph Zero joins Polkadot and Kusama as one of the three networks to enjoy this in-app functionality.
  • You can listen to Aleph Zero’s forward-thinking commentary on zero-knowledge proofs in their podcast episode on Spotify here.
  • A0 is in the process of integrating with DappRadar, a great destination for delving into dApp and NFT data across approximately 55 blockchains!
  • Community engagement is on the rise, evidenced by a notable increase in social contributors within the A0 community!

Stay tuned

In conclusion, Aleph Zero isn’t just making promises; it’s delivering on them daily. With a commitment to continuous improvement and innovation, the ecosystem is driving forward the adoption of blockchain technology, reshaping industries, and offering new opportunities for users and developers alike. As developments unfold and partnerships flourish, Aleph Zero remains at the forefront of the blockchain revolution, poised to revolutionize the digital landscape for years to come.

*Disclaimer: News content provided by Genfinity is intended solely for informational purposes. While we strive to deliver accurate and up-to-date information, we do not offer financial or legal advice of any kind. Readers are encouraged to conduct their own research and consult with qualified professionals before making any financial or legal decisions. Genfinity disclaims any responsibility for actions taken based on the information presented in our articles. Our commitment is to share knowledge, foster discussion, and contribute to a better understanding of the topics covered in our articles. We advise our readers to exercise caution and diligence when seeking information or making decisions based on the content we provide.

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