Dear aelf Community Members,

Welcome to the May edition of the aelf Monthly Digest! This article provides an overview of the advancements in aelf’s technology, highlights ecosystem development, recaps events held during the past month and shares Web3 industry insights.

Technology

aelf v1.9.0 Upgrade

In May, the aelf network was upgraded to v1.9.0 with enhanced contracts to improve user experience. Key updates include persistent storage for failed transaction results, customisable expiration times for CodeCheck proposals to optimise governance, and enhanced NFT features allowing batch approval of multiple NFTs within a collection. Users can find more information on GitHub. These improvements streamline processes and provide clearer transaction failure reasons.

Ecosystem

1. aelf Ecosystem dApps Highlight

Project Schrodinger

In May, Project Schrodinger achieved several significant milestones! There was a week where they saw a record-breaking minting of Gen9 cat NFTs, with 68,877 $SGR, equivalent to $180,000 USD, used in the process. A new feature was introduced through the Portkey wallet, enabling users to effortlessly evolve their cat NFTs from Gen0 to Gen9 by approving multiple tokens at once. The project team had also recently transferred half of its $SGR supply, amounting to 10.5 million $SGR, from Ethereum to aelf network.

Forest

Forest, aelf's first NFT marketplace, recently released a new feature that allows users to batch create multiple NFTs with a one-time signature for the entire process. Furthermore, they adopted changes to their MultiToken contract, allowing users to create and issue NFTs directly on the aelf sidechain in seconds.

AeFinder

In May, AeFinder completed testnet verification and mainnet deployment for versions v2.1.0, v2.2.0, and v2.3.0, introducing several key improvements to enhance AeFinder's functionality and user experience:

Automatic Deployment: Supports k8s cluster for better convenience and stability, paired with optimised code checks for easier development.
Enhanced Performance: Integration of Elasticsearch Hot-Warm architecture for faster write and query speeds.
Subscription Flexibility: New feature for modifying subscription settings for data indexing and querying.

AetherLink

In the past month, AetherLink optimised its Datafeeds price data module, supporting multiple price sources, various aggregation methods, and historical price data collection capabilities. This significantly enhanced AetherLink's performance.

Events

AI Apex Asia

AI Apex Asia is an organization championing artificial intelligence advancements and is determined to take charge of AI innovation, application and mass adoption across Asia. The AI Apex Asia 2024 is a premier event that gathers top AI experts to shape the regional AI ecosystem and boost the economy. The event will feature discussions on generative AI and governance, with panellists including AI thought leaders, policymakers, tech companies, researchers, investors, and startup founders. aelf is proud to be one of the participating members of this event as we continue our journey to position Asia at the forefront of the AI-powered decentralised digital economy.

Industry Insights

This month, we published 4 Industry Insights articles:

1. Decentralised AI and Blockchains: What is "Proof-of-Honesty" and Why It Matters

This article emphasises PoH's significance in ensuring integrity, reducing bias, and enhancing transparency in AI decision-making. Real-world applications across sectors like healthcare and finance are highlighted, alongside discussions on challenges and future developments, underscoring the importance of embracing PoH for building trustworthy decentralised AI systems.

2. Architecting Web3 Solutions: A Case Study in Aviation Parts Trading

This article explores the essential components and considerations for designing a robust Web3 solution using a hypothetical aviation parts trading and tracking platform as a case study. It also provides a step-by-step guide on solution ideation, architecture designing and prototyping.

3. AI-Powered Smart Contracts: The Impact of AI On Web3 Crypto Transactions

This article explores the fusion of artificial intelligence (AI) with smart contracts in Web3. By enhancing the intelligence of blockchain-based transactions, AI-powered smart contracts automate processes, improve decision-making, offer predictive analytics, and bring about efficiency, accuracy, and cost-effectiveness benefits.

4. 5 Ways to Keep Your Crypto Safe from Cyber Threats and Scams

This article recommends 5 ways to secure your crypto wallet from cyber threats and scams, which include employing multi-factor authentication, keeping your private keys offline, using a hardware wallet, securing your devices and being vigilant to phishing attacks.

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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.

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About aelf

aelf, the pioneer Layer 1 blockchain, features modular systems, parallel processing, cloud-native architecture, and multi-sidechain technology for unlimited scalability. Founded in 2017 with its global hub based in Singapore, aelf is the first in the industry to lead Asia in evolving blockchain with state-of-the-art AI integration, transforming blockchain into a smarter and self-evolving ecosystem.

aelf facilitates the building, integrating, and deploying of smart contracts and decentralised apps (dApps) on its Layer 1 blockchain with its native C# software development kit (SDK) and SDKs in other languages, including Java, JS, Python, and Go. aelf’s ecosystem also houses a range of dApps to support a flourishing blockchain network. aelf is committed to fostering innovation within its ecosystem and remains dedicated to driving the development of Web3, blockchain and the adoption of AI technology.

Find out more about aelf and 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 – May 2024