Aleph Zero, a blockchain ecosystem prioritizing privacy and efficiency, has released its zkOS tool, which is compatible with Ethereum on its mainnet.
The development aims to integrate with zero-knowledge operating system (zkOS) privacy tools and utilize the blockchain’s Substrate-based WASM layer 1 as its Data Availability Layer.
The new Ethereum Virtual Machine (EVM) layer, according to a press release shared with Cointelegraph, will enable faster transactions, thereby reducing block latencies to 250 milliseconds.
“AZERO, the ecosystem token, will be used on the Layer-2 to power all gas transactions similarly to how it’s being used now on the Layer-1.”
Mainnet features and implications
According to the press release, Gelato, a rollup-as-a-service (RaaS) provider, collaborated on developing the Aleph Zero EVM L2, which employs Arbitrum Orbit technology.
According to reports, the new mainnet is intended to facilitate the development of Ethereum-compatible applications, offering users an “exceptionally fast and efficient blockchain.”
To shorten the time required to prove ZK and to incorporate privacy features into blockchain applications, the network intends to introduce the zkOS privacy toolkit in Q4.
Aleph Zero’s $50 million funding initiative
Aleph Zero revealed that it would establish a $50 million financing program on April 18 to assist developer teams in expanding its platform and increasing the global adoption of blockchain technology.
The Aleph Zero Ecosystem Funding Program, which the nonprofit Aleph Zero Foundation administers, is designed to attract developers by providing support that exceeds grants. The program is valued at $50 million.
In an interview with Cointelegraph, Antoni Zolciak, co-founder of Aleph Zero, clarified that the program’s objective is to “support innovations from developer teams.”
