As an experienced analyst in the blockchain industry, I am particularly intrigued by the latest development from Switzerland-based Aleph Zero. Their announcement of a testnet launch for zkOS, a privacy-focused layer-2 solution capable of achieving “subsecond proving times,” is noteworthy.
As a researcher studying blockchain technologies, I’m excited to share that the Swiss blockchain startup Aleph Zero has recently unveiled the testnet for their privacy layer-2 solution called zkOS. This groundbreaking technology is designed to deliver “subsecond proving times,” which is an impressive achievement in the realm of zero-knowledge proofs.
A Swiss company called Aleph Zero, specializing in privacy-centric blockchain innovations, unveils the testnet for its zkOS layer-2 solution on the Ethereum Virtual Machine (EVM) of Aleph Zero. This groundbreaking technology promises “rapid proving times” that outperform other options by a significant margin, taking only seconds rather than minutes.
In collaboration with Gelato, a company offering Rollup-as-a-Service, zkOS utilizes the Arbitrum Anytrust Decentralized Autonomous Corporation (DAC). This DAC is composed of authorized entities responsible for ensuring data accessibility within the Arbitrum AnyTrust Protocol chain.
In the coming year, 2024, and beyond, privacy is expected to be a significant theme due to the increasing popularity of mainstream applications, according to Luis Schliesske, the founder of Gelato.
According to the announcement on crypto.news, the network asserts it can produce a block in less than 250ms and offer “quick transaction validation,” allowing for “multiple thousands of transactions per second.” The primary mainnet is scheduled for launch in Q3 2024, with enhanced capabilities anticipated by Q1 2025.
Based on the information from the company headquartered in Zug, the first tests indicate that zkOS zero-knowledge proofs can be completed within a range of 600 to 800 milliseconds on MacBooks equipped with M1-M3 processors when utilizing browsers such as Safari or Chrome.
Established in the beginning of 2018, Aleph Zero aspires to enable the development of swift and confidential decentralized apps. The business has secured over $14 million in investments through pre-seed and seed funding rounds, as well as token sales from the community and public.
Read More
- Crypto ETPs hit $44.5b in YTD inflows amid Bitcoin surge
- AI16Z PREDICTION. AI16Z cryptocurrency
- POL PREDICTION. POL cryptocurrency
- Li Haslett Chen to Leave Warner Bros. Discovery Board
- Blockaid new dashboard to track Web3 activity and threats
- Hong Kong Treasury says crypto is not a ‘target asset’ for its Exchange Fund
- ‘Kraven the Hunter & ‘Madame Web’ Box Office Disaster Blamed on Media Scrutiny
- EXCLUSIVE: Alia Bhatt in talks with Dinesh Vijan for a supernatural horror thriller; Tentatively titled Chamunda
- Shiba Inu, Bonk, Pepe prices rebound: Beware of dead cat bounce
- Crypto x AI makes up just 1% of crypto market cap, says analyst
2024-06-20 16:08