Privacy and efficiency-focused blockchain ecosystem Aleph Zero has launched a new Layer 2 solution compatible with Ethereum. This solution aims to use Substrate-based WASM Layer-1 as a Data Availability Layer with an infrastructure developed on the mainnet and integrate with zero-knowledge proof (zkOS) privacy tools.

The new Layer 2 layer will be compatible with the Ethereum Virtual Machine (EVM) and will offer faster transaction processing by reducing block times to 250 milliseconds. "The AZERO ecosystem token will support all gas transactions on Layer-2 as well as on Layer-1," the statement said.

Main Network Features
Aleph Zero’s EVM-compatible Layer-2 solution was developed in collaboration with rollup-as-a-service (RaaS) provider Gelato and leverages Arbitrum Orbit technology. Designed to support Ethereum-compatible application development, the new mainnet aims to provide users with an “extremely fast and efficient blockchain” experience. The network plans to release the zkOS privacy toolkit in Q4 2024 to reduce ZK proof-of-service times and integrate privacy features into blockchain applications.

$50 Million Financing Program
Aleph Zero announced on April 18 that it has launched a $50 million funding program to support teams building on the platform and increase global blockchain adoption. The funding program is managed by the Aleph Zero Foundation, which aims to provide support beyond donations. The program aims to “fund innovations from developer teams,” said Aleph Zero co-founder Antoni Zolciak.

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