Dear aelf Community Members,

Welcome to the August edition of the aelf Monthly Digest! Let's recap what went down in the past month: advancements in aelf’s technology, highlights ecosystem development, events, and Web3 industry insights.

Technology

1. aelf AI Chatbot, Now Live!

Noticed something different about our aelf website? That's right, it's our newly launched aelf AI Chatbot that's hanging out at the bottom corner. This is the fruition of our partnership with ChainGPT, whom we have worked hip-to-hip in training and refining the AI chatbot.

If you're new to aelf and wish to learn more about what we offer for users and developers, you only have to ask it a simple question: 'What is aelf?'. And it'll do the rest.

If you're up for it, you could even ask what aelf would be if it were a superhero. The answer might just surprise you!

2. aelf v1.10.1 Upgrade

aelf Mainnet has successfully completed an upgrade to v1.10.1 on 22 August 2024. aelf v1.10.1 has whitelisted the Groth16 and Poseidon libraries to enable the execution of ZK-proof-related methods in smart contracts.

This enhances privacy and security by allowing transactions to be verified without revealing sensitive information, while also improving efficiency and scalability of the network. We appreciate the support from all of the aelf block producers and full nodes to make this upgrade happen!

3. aelfscan: Faster, Simpler, Mobile-friendlier

aelfscan, the dedicated explorer for the aelf blockchain, is now officially available. Designed with user-friendliness in mind, aelfscan simplifies on-chain tracking data, including wallet balances, transaction records, and more.

In August, several features were optimised; we increased page loading speed and improved mobile compatibility. This ensures a smooth experience across all devices. With the update, aelfscan now allows account abstraction (AA) wallet users to view all transactions within their accounts.

Beyond data queries, aelfscan also acts as a gateway to the entire aelf ecosystem, showcasing trending projects for users to explore.

Give it a go here.

4. A Warm Welcome to TMRWDAO's New Blog, Today!

Tomorrow DAO (TMRWDAO) has shifted Mediums. Now housed under its own website, check out TMRWDAO's fresh skin, and get the latest insights on decentralised governance, project updates, cross-industry collaborations, and the aelf ecosystem.

If DAOs are still unfamiliar territory to you blockchain explorers, the first full guide published on the TMRWDAO blog would be timely: What's a DAO, and Why Should You Care?

Follow TMRWDAO on X too, so you don't miss out on timely updates like this one: August saw the launch of Votigram, TMRWDAO's new Telegram bot that lets you participate in voting and earn USDT rewards.

Ecosystem

AwakenSwap, S-CAT: Telegram Bots Now Live

Since the launch of Telegram's Mini Apps, Web3 projects have been integrating into the newly branded super app to connect with messaging app users. AwakenSwap and S-CAT joined the fray in August; with their respective Telegram bots now live, AwakenSwap users can perform key functions like viewing market data, trading and swapping on Telegram, and players on S-CAT get to interact with their feline digital collectibles directly on the Telegram game bot.

Forest's New Webpage

TMRWDAO isn't the only one with the new fit. Also part of the aelf ecosystem, Forest has unveiled a sleeker homepage interface that's more than just skin-deep. The fuzzy search has been made case-insensitive for a more efficient searching experience, and the mobile UI has also been jazzed up for smoother navigation.

Check it out now.

AeFinder

AeFinder completed several version updates in the August release. Check out the details:

AeFinder CLI tool: With the release of this cool, it's made easier for developers to deploy and upgrade AeFinder App services
Enhanced developer documentation: We provided detailed guides to help developers quickly get started with AeFinder App service development
Improved service stability: This was done by optimising blockchain data push checks and batch storage
Declutter and defray: Removed unnecessary data to reduce storage costs for the service

AetherLink

In August, AetherLink undertook the following major developments to enhance overall performance, all of which have been deployed on the Testnet:

Expanded Datafeeds task types to include PlainDataFeeds, which support incremental data updates and enable on-chain triggering capabilities
Implemented a TraceId feature in the contract to index the Task ID, simplifying task management within the contract

Additionally, AetherLink is preparing for significant upcoming developments:

Automation now supports two triggering methods: Cron and Log, both accessible on the Testnet
The development progress of the AI oracle has already supported AI chat and graphic generation capabilities on-chain, and it will soon extend its support to other on-chain AI scenarios within upper-layer application contracts

Events

aelf, Portkey, and AwakenSwap Talk Shop With Panelists on How It Pays to Have AI in Decentralised Finance

We had a field day with AMAs in August! Starting with Crypto Poolz, a marketing platform that supports and connects early-stage Web3 projects, we saw Portkey and AwakenSwap participate in an AMA with them to discuss real-world applications of Web3 wallets and crypto payments, and how they eliminate commonly faced issues in cross-border transactions.

We then moved on to Metahub Finance's roundtable to explore some of the most innovative AI solutions that have been introduced to DeFi infrastructures. One such solution that came up is how AI is integral in flagging suspicious activities and scams that have been plaguing platforms and users.

Our representatives from Portkey and AwakenSwap also opined on the state of Web3 DeFi wallets, and the stark differences between them and traditional fiat digital wallets, in an AMA with Sands Casino. Portkey went further to provide insights on the Web3 gaming landscape today in an AMA with Metarush, a free-to-play game that involves battles in a cosmic multiverse.

As we continue to make strides as a layer 1 AI blockchain (spot the aelf AI chatbot that's officially up and running on our website!), we discussed the trends of AI and its role in blockchain in an 'ASK AELF ANYTHING' with NAWS, Pastel Network and Nuklai. Our panelists peeled back the curtains on how they integrated AI into various facets of their businesses, such as NAWS's AI digital content marketplace.

Listen to them now:

Industry Insights

In August, we published several comprehensive lists on DeFi, AI and crypto, plus hot news around the Trump family's teasing of their yet-to-launch crypto platform.

Onto the tech side of things, we wrote about how AI raises the standard for Parallel Execution Standard, a technique that helps layer 1 AI blockchains like aelf scale transaction handling capabilities.

11 Best Decentralised Exchanges for Casual to Serious DeFi Trading

There is a decentralised exchange (DEX) for everyone on the spectrum. The article discusses what DEXs are, and the advantages they have over centralised exchanges (CEXs): More control, more accessibility, and generally more power to users. We also look at how AI is being integrated into DEXs to enhance efficiency and user-friendliness.

Crypto Power Plays: Trump Unveils 'The DeFiant Ones', Bitcoin Flies High After Powell's Jackson Hole Address

Following up on Donald Trump Jr.'s statement to shake up traditional banking and finance, presidential hopeful Donald Trump promoted his soon-to-launch crypto platform on his X account, called The DeFiant Ones, a play on decentralised finance (DeFi).

Later in the week, we saw Bitcoin soaring back into bullish territory following Fed Chair Jerome Powell’s Jackson Hole speech. He hinted at possible interest rate cuts, sparking optimism across major cryptocurrencies.

Get Familiar with These Top 10 AI Crypto Coins in 2024 (So Far)

One indication that the AI and blockchain partnership is paying serious dividends? AI crypto coins. They have dominated the markets and hit fresh highs in the earlier part of the year. They represent underlying AI technologies that make a compelling application in the real-world, such as autonomous economic agents and data indexing.

From Fetch.ai to NEAR Protocol, check out the full list of top AI coins that are breaking into investors' watchlist.

Testnet vs. Mainnet: A Comprehensive Guide (and What You Can Do With Their Tokens)

If you've been around the blockchain block, you may have heard of ‘testnet’ and ‘mainnet’. These are essentially different environments to experiment with and deploy dApps. Kind of like how you'd test drive a car before buying it.

In this guide, we also cover their respective tokens, and their respective utilities, with a case study on aelf's AI blockchain.

Parallel Execution Standard: What It Is, and How aelf is Raising the Standard with AI

This is our 'tech of the month', in which we shone the spotlight on a solution that unclogs bottlenecks and limitations in blockchains: Parallel Execution Standard (PES). It enables the concurrent processing of multiple transactions, in a way that's similar to having multiple checkout counters where supermarket customers can conduct payments simultaneously.

We compare PES to its sibling in scalability solutions, Sharding, and discuss the future of having AI in PES.

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*Disclaimer: The information provided on this blog does not constitute investment advice, financial advice, trading advice, or any other form of professional advice. Aelf makes no guarantees or warranties about the accuracy, completeness, or timeliness of the information on this blog. You should not make any investment decisions based solely on the information provided on this blog. You should always consult with a qualified financial or legal advisor before making any investment decisions.

About aelf

aelf, an AI-enhanced Layer 1 blockchain network, leverages the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture. Founded in 2017 with its global hub in Singapore, aelf is a pioneer in the industry, leading Asia in evolving blockchain with state-of-the-art AI integration to ensure an efficient, low-cost, and highly secure platform that is both developer and end-user friendly. Aligned with its progressive vision, aelf is committed to fostering innovation within its ecosystem and advancing Web3 and AI technology adoption.

For more information about aelf, please refer to our Whitepaper V2.0.

Stay connected with our community:

Website | X | Telegram | Discord

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Back to Blog

Tool/Platform	What's it about
ChainGPT	An AI-powered assistant for the blockchain and crypto industry, specializing in content creation, language translation, smart contract coding, and more.
aelf	A high-performance, customisable multi-chain blockchain framework with AI-powered smart contracts and a developer-friendly environment.
Quick Intel	An AI-powered crypto security platform that helps investors avoid scams, rug pulls, and honeypots by analysing smart contracts, social sentiment, and on-chain data.
Cogwise AI News Aggregator	An AI-powered news aggregator that analyses real-time news and global trends to predict market movements in the crypto market.
OpenAI Codex	An AI system that transforms natural language into code, automating code creation for smart contracts, blockchain applications, and other development tasks.
QnA3	An AI-powered Web3 knowledge hub that provides real-time information and insights on cryptocurrencies, blockchain projects, and the broader Web3 ecosystem, with unique Solana Actions integrations.
Fetch.ai	A platform that combines AI and blockchain to create autonomous economic agents (AEAs) for various applications, including supply chain optimisation and smart city management.
Octavia	A decentralised digital identity (DID) platform for creating and managing self-sovereign digital identities, empowering users to control their data and online presence.
TensorFlow	A versatile open-source machine learning framework used for building AI models that can analyse blockchain data, enhance security, and predict market trends.
Alethea	A platform that creates 'Intelligent NFTs' (iNFTs) with unique personalities and the ability to engage in conversations, powered by AI and blockchain technology.

Chain	URL	Explorer
AELF	https://aelf-test-node.aelf.io/	https://explorer-test.aelf.io/
tDVW	https://tdvw-test-node.aelf.io/	https://explorer-test-side02.aelf.io/

Feature	Description
Inheritance	ERC-404 inherits from the interfaces IERC-404, IERC721 Receiver, and IERC165, implementing functions specified in these interfaces, behaving as both ERC20 and ERC721.
Data Structures	Mappings track balances, allowances, approvals, and ownership of tokens. Double-ended queue stores ERC721 token IDs. Data for managing ownership and indices of ERC721 tokens.
Constructor	Initialises token name, symbol, decimals, and other necessary variables for ERC20 and ERC721 tokens.
Token Minting and Burning	_mintERC20 function for minting ERC20 tokens. _retrieveOrMintERC721 function for minting ERC721 tokens and retrieving from a bank. _withdrawAndStoreERC721 function for depositing ERC721 tokens into the bank.
Transfers	Functions for transferring ERC20 and ERC271 tokens between addresses. Distinguishes between token types based on ID. _transferERC20WithERC721 function handles transfers involving both types.
ERC20 and ERC721 Interactions	Approve function handles approvals for both token types. Functions like transferFrom, safeTransferFrom, and permit handle transfers and approvals.
EIP-2612 Support	Supports EIP-2612 permit functionality for ERC20 tokens.
Interface Compatibility	Implements necessary functions for ERC-404 and ERC165 interfaces, indicating compatibility with ERC20 and ERC721 standards.

Role	Max Number
BP	2N+1, N starts from 8 in 2022
Candidate node	5*(2N+1)
Voter	No limit

Benefits	Description
Makes smart contracts 'smarter'	AI-driven smart contracts can autonomously modify terms based on predefined conditions and real-time data input, ensuring that the contracts are not just automated but also intelligent and self-improving over time.
Levelled up data analysis	Data is the new oil, and AI is the machinery that refines it. It is possible for AI to reduce large-volume blockchain data analysis time by up to 90%.
Boosts security	Through machine learning models, AI can prevent frauds and detect security threats in real time. It can identify potential breaches, predict future threats, and adapt to evolving security measures.
Lowers carbon footprint	AI algorithms help optimise energy consumption in blockchain operations, given the flak drawn by activities like Bitcoin mining.

aelf Monthly Digest – August 2024