NataliiiiiiStep-by-Step Guide: How to Run an Aleo Node
Aleo is a privacy-focused blockchain that leverages zero-knowledge proofs (ZKPs) to enable private smart contracts. Running a node allows you to participate in testnets, mining (Prover), and transaction validation. Below is an up-to-date guide for setting up an Aleo node on Ubuntu 20.04/22.04.1. Server RequirementsTo run an Aleo node efficiently, you’ll need a dedicated server (VPS/Bare Metal) with:Minimum:CPU: 16 coresRAM: 16 GBSSD: 128 GBOS: Ubuntu 20.04/22.04Recommended:CPU: 32 coresRAM: 3...
NataliiiiiiOstium: welcome to Vooi
Today there is good news in the Vooi community, the Ostium testnet is now with us!What is Ostium? It is a decentralized platform for trading perpetual contracts (perps) on real-world assets (RWA) like commodities (oil, gold), indices (S&P 500, Nasdaq), and forex pairs (EUR/USD), built on Arbitrum (Ethereum L2). Hmmm commodities on blockchain…sounds interesting. Do you remember that Vooi’s goal was to create a single platform where you can trade all types of assets? So this is one of the signi...
NataliiiiiiRedstone - world of GameFi on OP Stack
GameFi is one of the innovative trends in the field of cryptocurrency technologies. In 2023, projects combining game mechanics, NFT and DeFi are rapidly developing. The main reason for their growth is new earning opportunities for investors and ordinary players, as well as attention from large companies.What is GameFi?This term is formed from two words – Game and Finance. It is used to refer to blockchain projects that allow you to monetize the gaming experience. The essence of the idea boils...
Content creator⚙️ Aleo Ambassador 🚀 Optimism Ambassador🔴
NataliiiiiiStep-by-Step Guide: How to Run an Aleo Node
Aleo is a privacy-focused blockchain that leverages zero-knowledge proofs (ZKPs) to enable private smart contracts. Running a node allows you to participate in testnets, mining (Prover), and transaction validation. Below is an up-to-date guide for setting up an Aleo node on Ubuntu 20.04/22.04.1. Server RequirementsTo run an Aleo node efficiently, you’ll need a dedicated server (VPS/Bare Metal) with:Minimum:CPU: 16 coresRAM: 16 GBSSD: 128 GBOS: Ubuntu 20.04/22.04Recommended:CPU: 32 coresRAM: 3...
NataliiiiiiOstium: welcome to Vooi
Today there is good news in the Vooi community, the Ostium testnet is now with us!What is Ostium? It is a decentralized platform for trading perpetual contracts (perps) on real-world assets (RWA) like commodities (oil, gold), indices (S&P 500, Nasdaq), and forex pairs (EUR/USD), built on Arbitrum (Ethereum L2). Hmmm commodities on blockchain…sounds interesting. Do you remember that Vooi’s goal was to create a single platform where you can trade all types of assets? So this is one of the signi...
NataliiiiiiRedstone - world of GameFi on OP Stack
GameFi is one of the innovative trends in the field of cryptocurrency technologies. In 2023, projects combining game mechanics, NFT and DeFi are rapidly developing. The main reason for their growth is new earning opportunities for investors and ordinary players, as well as attention from large companies.What is GameFi?This term is formed from two words – Game and Finance. It is used to refer to blockchain projects that allow you to monetize the gaming experience. The essence of the idea boils...
Content creator⚙️ Aleo Ambassador 🚀 Optimism Ambassador🔴
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Dear readers, I am glad to welcome you all in the new 2024 year. I hope that all of you had a great holiday and are ready to plunge into your work.
Today I want to tell you about one important part of the OP Superchain - innovative onchain cooperative with the name Mode.
“Mode is the Ethereum L2 designed for builders and users to grow as the network grows” - it's written on the official website of Mode. And today we will find out what this blockchain offers us.
So, Mode is a part of OP Superchain that builded on OP Stack and as we can see in the table below, Mode has all the advantages of OP Stack in comparison with Ethereum:
Main advantages of OP Stack that we can see in the Mode also:
high transaction throughput (2000 TPS in comparison with only 100 TPS in Ethereum)
low average transaction cost (1/10 of Ethereum’s costs)
quick finality time (1-2s in comparison with 12s for Ethereum)
And besides of that Mode have some unique advantages in comparison with OP Stack:
Building for growth (community driven growth)
Sequencer Fee Sharing (lifetime fee sharing)
Incentivizes Cooperativity (fair reward distributions)
Let’s look more detailed to these unique characteristics of Mode blockchain.
The main message of Mode is that the common good of all community members is achieved only through joint efforts. The members of the community do not compete with each other to achieve the good, but help each other.
In Mode, one player's gain doesn't mean another's loss. Mode have moved past the PvP mindset. Instead, Mode embrace collaboration, mutual wins, and the idea that we're all in this together. We are playing the infinite game, where the goal isn't just to win but to evolve and grow continuously.
Mode wants to bring people together to cooperate. Work towards a common goal, be part of something and get rewarded for your contribution.
The first of the blockchains, in my memory, which applies philosophical ideals in its ideology. We have seen the concept of achieving the common good through joint efforts from the ancient Greek philosophers Aristotle and Plato, and now we see how philosophy is transferred to the crypto world. Amazing!
Do you agree that it sounds nice that you don't have to compete with other community members for awards? You don't need to be angry that someone is ahead of you in terms of quantity or quality of actions, but you need to help each other. Yes, this blockchain brings goodness and positivity to this world! Optimism, I would even say! Which fully justifies the building of Mode in OP Superchain, not only in terms of technology, but also in terms of ideology and attitude to its community.
So, besides the philosophical ideology of the common good, what other innovative characteristics do we see in Mode? Of course, the distribution of rewards.
Mode is revolutionizing the chain mechanics to create a more rewarding and equitable environment for both users and builders.
1. SEQUENCER FEE SHARING (SFS)
One of the most interesting features of Mode is that any developer who deploys applications that grow the network will forever receive a proportion of network sequencer fees that come from their smart contract.
Roll-ups such as Mode earn revenues from the network sequencer. With Mode’s Sequencer Fee Sharing (SFS) module developers can register contracts and receive a proportion of Mode’s sequencer revenue based on the transaction fees of smart contracts they deploy.
2. MODE REFERRAL REVENUE
It's all about growing together. Any user, developer or protocol who refers others to Mode will earn a proportion of their network sequencer fees, for life.
Let's briefly focus on the ecosystem that Mode has already managed to build.
And let's start with the most important thing, without which no interaction with any ecosystem is possible – we are talking about wallets.
Mode is now available for such a well-known wallet as Metamask. I think this wallet needs no introduction. But, the team is working on expanding diversity and promises to add a platform such as Kado money. It’s a fiat to crypto on/off ramp platform for easy onboarding to DeFi and direct to self custody.
Let's move on. The next most important point after having a wallet is the bridges through which you can transfer the required number of tokens to the chain you need. The Mode is currently available at three bridges and plans to add 2 more in the near future.
So, available today:
You can bridge ETH from Sepolia L1 to Mode L2
The Pheasant network is an optimistic bridge specialized for Layer 2.
Pyth supports more than 45 blockchains, as well as the Mode.
We will see 2 more bridges soon:
Connext (A network of government channels that allows for fast and inexpensive transfers between Ethereum and other Tier 1 chains)
Hyperlane (Hyperlane is the first level of interoperability that allows you to connect any blockchain out of the box without restrictions)
Moving on, the wallet is ready, the tokens are received in the Mode network using the bridge. Now you can explore DeFi
Mode suggests that we use the Kizuna platform, and in the meantime is preparing its own platforms, Mode Swap and Mode Domains.
Also, in the near future, we will be replenished with another DeFi - Aori (build institutional grade defi applications for decentralized options trading, spot trading, and otc settlement). Aori is a fully decentralized options exchange protocol that contains the creation of both self-contained options tokens, the trading of those options tokens within a central limit order book, as well as a margin system built on top of it called Aori Prime where you can get access to leverage on trading options.
We think that Aori is the possible next biggest options projects ever, to be deployed on Mode. You can read more about Aori in Newsletter #19.
So, having considered all the most important parts of the ecosystem, it should be stated without exaggeration that for the blockchain, which has been building for about six months, the ecosystem is already quite widely developed.
One of the important thing in the Mode is a Mode pledge NFT that allow you to be a part of Onchain Cooperative.
All NFTs were minted, but you can collect it on secondary market now (OpenSea). Who knows maybe we will see some rewards for these NFTs in future.
In summary, I will say that I like the ideology of Mode and its desire to bring something new to the crypto world, while most other L2 and L3 are built literally copying each other. I will follow the development of this blockchain with interest and I think that a great future awaits it!
More details about Mode you can see in official documentation and Twitter (X
Mode is now available on testnet and devnet, join the Mode!
Dear readers, I am glad to welcome you all in the new 2024 year. I hope that all of you had a great holiday and are ready to plunge into your work.
Today I want to tell you about one important part of the OP Superchain - innovative onchain cooperative with the name Mode.
“Mode is the Ethereum L2 designed for builders and users to grow as the network grows” - it's written on the official website of Mode. And today we will find out what this blockchain offers us.
So, Mode is a part of OP Superchain that builded on OP Stack and as we can see in the table below, Mode has all the advantages of OP Stack in comparison with Ethereum:
Main advantages of OP Stack that we can see in the Mode also:
high transaction throughput (2000 TPS in comparison with only 100 TPS in Ethereum)
low average transaction cost (1/10 of Ethereum’s costs)
quick finality time (1-2s in comparison with 12s for Ethereum)
And besides of that Mode have some unique advantages in comparison with OP Stack:
Building for growth (community driven growth)
Sequencer Fee Sharing (lifetime fee sharing)
Incentivizes Cooperativity (fair reward distributions)
Let’s look more detailed to these unique characteristics of Mode blockchain.
The main message of Mode is that the common good of all community members is achieved only through joint efforts. The members of the community do not compete with each other to achieve the good, but help each other.
In Mode, one player's gain doesn't mean another's loss. Mode have moved past the PvP mindset. Instead, Mode embrace collaboration, mutual wins, and the idea that we're all in this together. We are playing the infinite game, where the goal isn't just to win but to evolve and grow continuously.
Mode wants to bring people together to cooperate. Work towards a common goal, be part of something and get rewarded for your contribution.
The first of the blockchains, in my memory, which applies philosophical ideals in its ideology. We have seen the concept of achieving the common good through joint efforts from the ancient Greek philosophers Aristotle and Plato, and now we see how philosophy is transferred to the crypto world. Amazing!
Do you agree that it sounds nice that you don't have to compete with other community members for awards? You don't need to be angry that someone is ahead of you in terms of quantity or quality of actions, but you need to help each other. Yes, this blockchain brings goodness and positivity to this world! Optimism, I would even say! Which fully justifies the building of Mode in OP Superchain, not only in terms of technology, but also in terms of ideology and attitude to its community.
So, besides the philosophical ideology of the common good, what other innovative characteristics do we see in Mode? Of course, the distribution of rewards.
Mode is revolutionizing the chain mechanics to create a more rewarding and equitable environment for both users and builders.
1. SEQUENCER FEE SHARING (SFS)
One of the most interesting features of Mode is that any developer who deploys applications that grow the network will forever receive a proportion of network sequencer fees that come from their smart contract.
Roll-ups such as Mode earn revenues from the network sequencer. With Mode’s Sequencer Fee Sharing (SFS) module developers can register contracts and receive a proportion of Mode’s sequencer revenue based on the transaction fees of smart contracts they deploy.
2. MODE REFERRAL REVENUE
It's all about growing together. Any user, developer or protocol who refers others to Mode will earn a proportion of their network sequencer fees, for life.
Let's briefly focus on the ecosystem that Mode has already managed to build.
And let's start with the most important thing, without which no interaction with any ecosystem is possible – we are talking about wallets.
Mode is now available for such a well-known wallet as Metamask. I think this wallet needs no introduction. But, the team is working on expanding diversity and promises to add a platform such as Kado money. It’s a fiat to crypto on/off ramp platform for easy onboarding to DeFi and direct to self custody.
Let's move on. The next most important point after having a wallet is the bridges through which you can transfer the required number of tokens to the chain you need. The Mode is currently available at three bridges and plans to add 2 more in the near future.
So, available today:
You can bridge ETH from Sepolia L1 to Mode L2
The Pheasant network is an optimistic bridge specialized for Layer 2.
Pyth supports more than 45 blockchains, as well as the Mode.
We will see 2 more bridges soon:
Connext (A network of government channels that allows for fast and inexpensive transfers between Ethereum and other Tier 1 chains)
Hyperlane (Hyperlane is the first level of interoperability that allows you to connect any blockchain out of the box without restrictions)
Moving on, the wallet is ready, the tokens are received in the Mode network using the bridge. Now you can explore DeFi
Mode suggests that we use the Kizuna platform, and in the meantime is preparing its own platforms, Mode Swap and Mode Domains.
Also, in the near future, we will be replenished with another DeFi - Aori (build institutional grade defi applications for decentralized options trading, spot trading, and otc settlement). Aori is a fully decentralized options exchange protocol that contains the creation of both self-contained options tokens, the trading of those options tokens within a central limit order book, as well as a margin system built on top of it called Aori Prime where you can get access to leverage on trading options.
We think that Aori is the possible next biggest options projects ever, to be deployed on Mode. You can read more about Aori in Newsletter #19.
So, having considered all the most important parts of the ecosystem, it should be stated without exaggeration that for the blockchain, which has been building for about six months, the ecosystem is already quite widely developed.
One of the important thing in the Mode is a Mode pledge NFT that allow you to be a part of Onchain Cooperative.
All NFTs were minted, but you can collect it on secondary market now (OpenSea). Who knows maybe we will see some rewards for these NFTs in future.
In summary, I will say that I like the ideology of Mode and its desire to bring something new to the crypto world, while most other L2 and L3 are built literally copying each other. I will follow the development of this blockchain with interest and I think that a great future awaits it!
More details about Mode you can see in official documentation and Twitter (X
Mode is now available on testnet and devnet, join the Mode!
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