Aleph Zero Announces ZK-proving Layer With Subsecond Proving Times
Switzerland-based blockchain startup Aleph Zero has launched a testnet for its ZK-privacy layer-2 solution zkOS capable of achieving “subsecond proving times.”
Aleph Zero, a Swiss firm focused on developing privacy-first blockchain solutions, is launching the developer testnet for its Aleph Zero EVM layer-2 solution known as zkOS, which is capable of achieving “subsecond proving times” compared to minutes in other solutions.
Built in partnership with Gelato, a Rollup-as-a-Service provider, zkOS leverages Arbitrum Anytrust DAC, a permissioned set of parties responsible for enforcing data availability in an Arbitrum AnyTrust Protocol chain.
“Privacy will become a major narrative in 2024 and beyond, as more mainstream use cases emerge,” said Gelato founder Luis Schliesske.
The network claims to be capable of generating a block in under 250ms with “near-instant transaction finality,” thereby processing “thousands of transactions per second,” a press release shared with crypto.news reads. The developer mainnet is slated for release in Q3 2024, with further advanced features expected to be available by Q1 2025.
According to the Zug-headquartered firm, initial benchmarks show zkOS zero-knowledge proofs can be executed “in 600-800 ms on MacBooks (M1-M3 processors) using browsers like Safari or Chrome.”
Founded in early 2018, Aleph Zero aims to empower the creation of high-speed and confidential decentralized applications. The company has successfully raised over $14 million through pre-seed and seed funding rounds, alongside community and public sales of its AZERO tokens.
Ether Surges 16% Amid Speculation Of US ETF Approval
New York, USA – Ether, the second-largest cryptocurrency by market capitalization, experienced a significant surge of ... Read more
BlackRock And The Institutional Embrace Of Bitcoin
BlackRock’s strategic shift towards becoming the world’s largest Bitcoin fund marks a pivotal moment in the financia... Read more
Robinhood Faces Regulatory Scrutiny: SEC Threatens Lawsuit Over Crypto Business
Robinhood, the prominent retail brokerage platform, finds itself in the regulatory spotlight as the Securities and Excha... Read more
Dogecoin Gains 26% This Week; Will DOGE Price Revisit The $0.27 Barrier?
Dogecoin (DOGE) has exploded with a 26% gain this week, capturing widespread attention as it climbs to approximately… Read more
Solana Price Surges 22%; SOL Sets Sights On $250 Next Week
Solana’s (SOL) recent price action has captivated the market as the cryptocurrency saw a 22% weekly surge, climbing… Read more
Meet Richard Farley, Top Contender To Replace SECs Gary Gensler In Trumps List
Richard Farley, a well-known Wall Street lawyer, has recently emerged as a possible candidate to head the U.S.… Read more