IMO, HyperSDK is the biggest technical leap after the Avalanche consensus.
Can't wait to utilize it for the
@EtrapayInc
Payment Chain🤩
The fastest privacy solution + the fastest blockchain infrastructure = The Best payment experience in the world. 🌐
Some personal thoughts on the Arena incident:
People are throwing stones directly at the
@avax
and
@avalabsofficial
team, even though they contacted and started promoting the Arena team when the platform was already trending. I am sure they were also working on the audits and
Such claims and videos are highly misleading.
@EtrapayInc
choose
#Avalanche
as the base blockchain for the global payment network because of its instant transaction finality.
There are currently "0" chains that offer better technology than
@avax
.
One more idea from me:
Utilize the stateless vm developed by
@_patrickogrady
and
@stephenbuttolph
, known as "litevm," to establish a clear separation between the execution and data layers within small subnets designed for individual dApps. By doing so, we can eliminate the
Opinion:
Institutions do not give a damn about being Ethereum aligned or not, deploying L2-3-4 or subnet, appchain, etc.
They are looking for environments to satisfy their needs, and none of them need to inherit the security of any network.
As a result, they will choose the
If you use
@transporter_io
's beautiful new UI to bridge your assets, you will immediately realize the difference between
@avax
and other chains.
Thanks to its consensus, it is by far the fastest source chain. There is no need for buzzwords—just fast, secure, and globally
Which is coming very soon with the most advanced, user-experience focused, and the fastest on-chain privacy architecture, Evacy 2.0.
Let me tell you a bit more about how Evacy 2.0 differs from existing privacy-preserving methodologies.
THREAD:
Avalanche as a Bitcoin L2 provides these features. Admittedly, Avalanche provides privacy no greater than Bitcoin, but a future ZKP-based subnet can easily fix that.
Listen up.
The FIRST EVER permissionless Payment Chain is about to launch.
Think instant finality, complete transaction and account privacy, full regulatory compliance, and a user experience that’s out of this world.
Oh, and did I mention ZERO fees in payments/transfers?
There are so many novel and powerful things coming very soon to
@avax
that will surpass all competitors by leaps and bounds.
You will be amazed beyond your expectations.
Oh did I mention that we had invented (literally –patented) the first wallet-to-Point-of-Sale NFC-based payment mechanism almost a year ago?
It works on any device/wallet and doesn't require a new Point-of-Sale device if you already have one.
Just touch your device to pay—much
The fastest privacy-preserving payment infrastructure meets the quickest blockchain
#Avalanche
👀.
Here is an unofficial demo of how
#Etrapay
's confidential payment system can be integrated with Core Wallet to enable next-generation fully on-chain payments with NFC support.
Do you know what is coming?
A global payment app operating on a high-performant (50k tps+, instant finality) decentralized blockchain network with regulatory-compliant total privacy.
It also has a fantastic UI and UX, designed with both customers and businesses in mind.
We will always be providing unprecedented solutions to problems that seem unsolvable.
Next step? 👀
Making on-chain payments for the masses possible. 🔺
We are grateful to all of our teachers for their guidance and trust in us.
Thank you for your valuable comment, hocam 🙌🏼
This is really cool, building new privacy solutions on Avalanche. Said it before and I'll say it again. Bear markets show true progress and adoption in crypto.
Blockchain's next big leap is institutional adoption, and it's just around the corner.
@avax
really stands out here with its vision right from the start.
Subnets? Way ahead of the game with the features such as:
✅ Totally modular architecture with smooth interoperability
✅
Onyx by
@jpmorgan
and
@apolloglobal
have announced a collaboration under Project Guardian, leveraging
@LayerZero_Labs
to connect Onyx with a permissioned Avalanche Evergreen Subnet, which facilitated subscriptions and redemptions for funds offered by
@WisdomTreePrime
.
A heartfelt thank you to everyone who came out to Avalanche House Istanbul last week 🇹🇷
What an amazing day filled with great speakers, in-depth workshops, live performances, delicious food, and the NFT art gallery, capped off by a happy hour on the Bosphorus ✨
See you all
Avalanche the Gaming chain (SK, Gunzilla, Sharapnel, TSM, and more)
Avalanche the Forex/DeFi chain (Struct, Dexalot, Hubble, Hubble)
Avalanche the Institutional chain Spruce, Evergreen, AvaNode
Avalanche is the chain that brings innovation to the space HyperSDK, Warp,
shower thought:
all the existing web3 world (including eth, sol, sui, etc.) could have been built on Avalanche — fixing *almost* all current headaches, such as interoperability, isolation, speed, etc.
still not too late if you ask me
This is one of the main things that our zk-Morphic Proofs fixes.
The necessity of two transactions for moving assets privately is super impractical in real-world scenarios such as payments.
With zk-Morphic Proofs, you will now have the ability to prove (client side) and
I want smth like Gnosis Pay but on Avalanche.
As soon as possible.
Payments really only make sense on the base layer with fastest time to finality, which is Avalanche.
And I’m not an Avalanche maxi. If there’s an equally performant, or even better, decentralized alternative
This is excellent news!
Most cryptographic methodologies and tools (especially the novel ones) are being developed in Rust, and now they become much easier to integrate into
#Avalanche
.
Exciting days ahead! 🔺🚀
🔵
@EtrapayInc
Evacy 2.0's first benchmark result:
🔵 ZK Proof generation of fully private transfer/payment with auditability module enabled took 0.292 seconds on an iPhone 14. 💨
🔵 Combined with Avalanche's instant finality, you will truly experience the future of payments.
Well, this is why we created the eERC standard ––which is coming to
@avax
.
eERC, for the first time, enables confidential RWA tokenization on top of EXISTING public ledgers without any modification to the contract's flow or extreme gas costs.
@luigidemeo
@_patrickogrady
This might be one of the most significant decisions in the history of Avalanche. It's also super cool to see community thoughts publicly and openly.
Now imagine how fluid the "bridging" experience would be if all other chains used Avalanche consensus, too.
This is why the Subnet thesis will succeed, and AWM plays a critical role in that.
Thousands of fast blockchains with sub-second cross-chain transactions. 🔺🌐
If you use
@transporter_io
's beautiful new UI to bridge your assets, you will immediately realize the difference between
@avax
and other chains.
Thanks to its consensus, it is by far the fastest source chain. There is no need for buzzwords—just fast, secure, and globally
Instagram twitter playing cut cut cut dont exam forbidden insan kaynakları dont touch my exam ipad pro 9.7 inch java mühendisleri dont cry python>java
#MarmaraCSEKamera
İstemiyor
@demirelo
Warp is an extraordinary technology.
Having completely native interoperable sub-networks is not just the dream of other layer 1s and 2s but also the institutions (and government applications like CBDCs).
I can't even imagine the value will be unlocked when C-chain <> Subnets
A payment subnet on avalanche could do payments in milliseconds with the payment coin as the gas token - it'll happen and we will show how
FX Chain Ftw
@BasedBrainlet
@luigidemeo
@EtrapayInc
@avax
Sure. This transaction is made on our EtraPay Alpha Network, a customized Avalanche Subnet.
I didn't measure the exact time, but as you can see, it's almost instant:
#Avalanche
için tek dileyebileceğim; zk-SNARK friendly dediğimiz curve ve algoritmaları da native olarak barındırdığı ayrı bir chain olurdu. Böylece benim gibi zero knowledge ile ilgilenen tüm devlerin işi inanılmaz kolaylaşırdı. Zk ile yapılabilinecek projelere girmiyorum bile.
#Polygon
'un yaptığı veya yapmaya çalıştığı tüm toollar
#Avalanche
'da hali hazırda mevcut. Ölçeklenebilirlik için özellikle. zkRollup'lar vs. tekerleği yeniden icat etmeye gerek yok. Git subnet kullan. zk'nın rolluplar dışında onlarca çok daha verimli kullanım alanı mevcut.
I couldn't make it to this episode but thank you all for the mention, and
@AaronBuchwald
for the lovely comments. We will continue to provide more zk-tooling for subnets and precompile space. Love to be part of this fantastic community ❤️🚀
The biggest danger in crypto/blockchains that is currently not receiving enough attention is the impending threat of quantum computing.
Today's "future-proof" methods might not (and possibly aren't) valid for the future when powerful quantum computers become a reality. But why?
#Polygon
'u örnek olarak verdim, genel olarak tüm chainler için geçerli bu. Herkes ölçeklenebilirlik için tonla fikir ortaya atıyor, Avalanche ise Subnetler ile onu halletti şimdi HyperSDK ile hem geliştirme sürecini kısalttı hem de native chain işlemlerini inanılmaz hızlandırdı.
Exciting News! ✨
We’re thrilled to announce the launch of the Payment Network Testnet and etrapay wallet apps!
Be among the first to try out the future and unlock exclusive surprises by joining our waitlist.
Don’t miss out—get in early!
Join us 👇🏼
Best UI you will ever see on a POS device -and it uses purely blockchain. But not just any blockchain, an
#Avalanche
subnet!
Privacy-preserving, fast, and flexible.
Possible with EtraPay.
Introducing: EtraPay Mobile POS App 🗻
Transforming your smartphone into a POS device. 📲
Built for small businesses, it promises speed, cost-effectiveness, and flexibility. No extra fees, or unnecessary equipment, just streamlined business with EtraPay. ⚡️
Public blockchains are suitable for many things.
Private blockchains are suitable for many things as well.
However...
The first Hybrid blockchains are coming with state-of-the-art selective, fully private/confidential state configurations with compliant auditability.
In a
This week's All Access episode was fantastic and I had a chance to ask a question about ZKPs to Mr.
@el33th4xor
, which he explained beautifully.
Our startup
@EtrapayInc
has developed a solution that completely solves all these problems about blockchain privacy and ready-to-use!
The alpha explorer is up and running at 👇🏼
You can send atomic transactions with full privacy (anonymity + confidentiality) while all being auditable and thus compliant.
I can't resist spoiling upcoming product announcements of
@EtrapayInc
…
You will be able to TOUCH your private key. Yeah, physically.
Video coming this week.⚡️
"Blockchain-based representations of real-world assets (i.e., tokenization) are growing as a key application of blockchain technology across traditional and new asset classes."
But what if...
Tokenization while preserving privacy was possible?
Private asset chains with a
@demirelo
@EtrapayInc
will also be utilizing Warp from C-Chain to the Payment Chain, which will make non-custodial (bridgeless) asset transfers possible.
So anyone will be able to securely convert their public assets to encrypted ones and use them without sacrificing privacy. 🔐
What an amazing builder crowd in Türkiye 🇹🇷 Had the pleasure meeting with our local
@avax
team and builders like
@EtrapayInc
. Excited for
@cosmos
’s Cosmoverse and to meet more builders excited about specialized Blockchains
Public blockchains are suitable for many things.
Private blockchains are suitable for many things as well.
However...
The first Hybrid blockchains are coming with state-of-the-art selective, fully private/confidential state configurations with compliant auditability.
In a
@Justin_Bons
If Ethereum spent most of its time enabling internal sharding instead of rollups, that timeframe might have seemed reasonable. 4000 TPS with 64 shards were much better than waiting for decentralized sequencing, recursive zk proofs, and removing multi sigs within five years.
imagine it
deploying Solana based SVM smart contracts whilst leveraging instant transaction finality from Avalanche consensus & the power of the HyperSDK
would love to chat w some gud Solana devs who want to make this happen
happy to chat about how we can support
The news is out,
@TheMiraiLabs
is building with
@avax
🔺
Out of every chain, why did we choose Avalanche? And what’s coming in the next 3 months?
Let me clear it up for you.
1/n
My personal wish list ✍️ for Avalanche🔺 in 2024:
Tech 💻:
- Elastic subnets in production with more than 100 Validators
- Different VM subnets (MOVE, HyperVM, EVM, etc) in production and communicating with AWM
- PAYG Subnet Validators
- Firewood in production and being
+ Creating and customizing a subnet is so much easier than others.
++ Documentation is excellent.
+++ It is designed by great engineers who you can trust.
- Subnets are live and currently used by top projects.
- Consensus is fast, scalable, and highly reliable.
- You can build your own VM with HyperSDK or fork Subnet-EVM, and customize it with precompiles.
5/
Let me start by clearly stating that, Evacy 2.0 is designed for daily payments. Our goal is for users to choose
@EtrapayInc
over any other centralized or decentralized payment method. Thus, we not only need to be better than existing blockchain-based privacy systems such as +
1/N After much demand, it's finally here: a proposed roadmap for AvalancheGo, or how to build the future of next-gen blockchain networks by leveraging all the best components of of monolithic and modular designs into one.
Note, this non-exhaustive and requires ACP approvals!
Zcash and Monero, but also from banks and other payment solutions. This was really HARD, especially considering that there have been countless researchers trying to solve the same problem for years, but we have successfully determined the bottlenecks of all the previous schemes +
Decided to put our homomorphic encryption/decryption and zk modules directly inside the Metamask.
Just to make it look fancier. ( jk, to show you how easy the usage is)
You will love it.
We will demonstrate the usage of our PHE scheme (zkPay) with a smart contract on EVM.
It supports homomorphic addition and subtraction over 64-bit+ integers. Decryption takes about 52ms on a Macbook Air.
Inner noise reduction.
Front-running prevention.
Video coming soon.👀
This is why such companies need
@EtrapayInc
's eERC-20 service to prevent their sensitive financial data from being leaked to the public.
Coming soon to
@avax
.
Approximately 4 hours ago,
@starsarenacom
multi-sig swapped the Avax equivalent of $12,000 USDT to then transfer those funds to:
0x82c4597FAF7EeFd9D4A5eDd5C5172E8287Fb6b5c
The wallet belongs to
@0xPaladinSec
(check the history)
Has the audit been completed and paid for?👀
This is it for today, and of course, there are a ton of other innovations that can't be fitted to this thread.
Follow
@EtrapayInc
for future updates and releases.
Peace✌🏼
We integrated our confidential payment solution with one of the best wallet apps, the Core.
Thanks to our optimized zk-SNARK circuit design and homomorphic encryption, you can now make daily payments directly on-chain without sacrificing privacy.
@el33th4xor
@bit_gossip
The fastest privacy-preserving payment infrastructure meets the quickest blockchain
#Avalanche
👀.
Here is an unofficial demo of how
#Etrapay
's confidential payment system can be integrated with Core Wallet to enable next-generation fully on-chain payments with NFC support.
Some industry jargon:
• Confidentiality: We *generally* refer to this as keeping certain "numbers" secret, such as transaction amounts and account balances.
• Anonymity: This focuses on making sure identities (parties involved) are not visible.
• Privacy: This is a key part
and fixed them one by one. The first baby of this work combined the best and unique parts of the existing schemes with heavy optimization. In this process, we have contacted multiple well-known expert cryptographers around the world, which resulted in Evacy 1.0.
@asimfiles
@Jonbros01
@luigidemeo
@avax
In the explorer, other people will only see two encrypted fields (transaction amount that is encrypted with sender's and receiver's public keys), a zk proof, and addresses of the transaction's participants. In the contract, user balances are private, too, and when you query the
In the ever-evolving world of technology, it is not uncommon for even the most reliable systems to encounter hiccups along the way.
The recent issue with the
#Avalanche
blockchain, which led to a temporary halt in block production, serves as a reminder that no technology is
This is why we are building the
@EtrapayInc
!
Bitcoin was a good chain but failed to scale.
Zcash was a good solution but failed to be fast and compliant.
Now we are building the fastest privacy-preserving payment protocol on the quickest blockchain
#Avalanche
.
🔑
You know what would be cool?
A purely peer-to-peer (p2p) version of electronic cash, allowing online payments to be sent directly from one party to another without going through a financial institution.
We will demonstrate the usage of our PHE scheme (zkPay) with a smart contract on EVM.
It supports homomorphic addition and subtraction over 64-bit+ integers. Decryption takes about 52ms on a Macbook Air.
Inner noise reduction.
Front-running prevention.
Video coming soon.👀
Evacy 1.0 enabled, for the first time, completely private (sender, receiver, amounts hidden) transfers on EVM while being auditable with a pre-defined and rotatable decryption key. Generating a zero-knowledge proof locally on a mobile device takes 0.2 seconds in Evacy 1.0.
It's true, most PoS chains are using protocols straight out of the 1990s. This stuff is genuinely hard and actually novel ideas are scarce. Avalanche stands apart with its approach.
operating on a very high-performant chain like our payment chain, which will utilize HyperSDK. Our benchmarks showed that a mobile device can search the chain with 30.000 decryptions per second. Even though it sounds fast, we don't want users to wait until the search
In Evacy 2.0, it takes 0.3 seconds to generate the zk proof on your phone, and thanks to the instant finality of
#Avalanche
, everyone will truly experience the future of payments.
My hot take:
You can't just expect mass adoption while crypto is still trying to solve crypto-native problems.
The winning blockchain of this game will be either the
1. The first chain to provide infra to a CBDC/major institution or
2. The first chain that hosts an
Let me introduce you to zkPay, our latest and greatest development in
@EtrapayInc
!
#zkPay
is the world’s first NFC-supporting, privacy-preserving, and fully on-chain payment protocol that is compatible with all EVM-type chains.
You can learn more