News Report Technology
June 18, 2024

Aligned Launches Its Third Testnet With 1,000 Proofs Per Second Speed And Reduced Proof Issuance Costs By 90%

In Brief

Aligned launched its third testnet, which is a public testnet designed for third-party operators, inviting users and developers to take part.

Aligned Launches Its Third Testnet With 1,000 Proofs Per Second Speed And Reduced Proof Issuance Costs By 90%

Zero-knowledge verification layer Aligned announced the launch of its third testnet, which is a public testnet designed for third-party operators, inviting users and developers to take part.

Aligned aims to make zero-knowledge a standard solution for creating provable and secure applications. Its objective is to test new features planned for the project and gain a deeper understanding of developer needs.

The testnet can generate more than 1,000 proofs per second and supports various proof systems, encompassing Halo2, SP1, and Gnark (Groth16 and Plonk + KZG). In addition, it lowers the cost associated with the proof system by 90%, enhancing efficiency and affordability.

Aligned operators only need to run the verification code, enabling code optimization and parallelization for increased throughput. Additionally, expensive proof systems for Ethereum can be verified, and integrating new systems is straightforward.

Developers can begin engaging with the testnet by downloading and installing Aligned to send their SP1 proofs and verify them. They can try it out by downloading an example SP1 and sending proofs. Meanwhile, users are encouraged to participate in the upcoming Galxe quest and an incentivized light client, which will soon be open to the public.

Aligned Launches Testnet Enabling Developer Access To Fast Mode Verification

Aligned represents a verification and aggregation layer built atop of EigenLayer. It enables cost-effective verification of any SNARK proof by utilizing the security of Ethereum validators without being constrained by the Ethereum network’s limitations. Aligned’s initial basic testnet operates with the Cosmos SDK, and Aligned has also transitioned to the EigenLayer testnet.

Aligned allows developers to verify proofs at a lower cost compared to traditional methods. It offers two modes for developers: fast mode and proof aggregation mode. Fast mode, built as an EigenLayer AVS, leverages Ethereum’s security through staking to ensure that proofs are verified and settled on Ethereum. Proof aggregation mode reduces costs by combining the verification of multiple proofs into a single on-chain proof. The new testnet only supports fast mode.

In April, Aligned secured $20 million in a Series A funding round led by Hack VC and supported by notable investors, including DAOFive, L2 Iterative Ventures, and Nomad Capital, among other contributors.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Blast Initiates Second Stage Of Development, Plans To Build Full-Stack Blockchain And Crypto Wallet
News Report Technology
Blast Initiates Second Stage Of Development, Plans To Build Full-Stack Blockchain And Crypto Wallet
June 26, 2024
PancakeSwap Launches AI-Powered Prediction Market On Arbitrum With Up To 100% Loss Protection And 60,000 ARB Campaign
Markets News Report Technology
PancakeSwap Launches AI-Powered Prediction Market On Arbitrum With Up To 100% Loss Protection And 60,000 ARB Campaign
June 26, 2024
Transak And Sequence Join Forces To Solve Payment Complexities For Web3 Games
Business News Report Technology
Transak And Sequence Join Forces To Solve Payment Complexities For Web3 Games
June 26, 2024
Covalent Raises $5M Funding In Strategic Round For APAC Go-to-Market Growth Initiative
Business News Report
Covalent Raises $5M Funding In Strategic Round For APAC Go-to-Market Growth Initiative
June 26, 2024