Modulus
@ModulusZK
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Modulus Testnet is here! 🎉
It's been a long time coming but we have finally deployed our public testnet build v0.9.
You can find all the information in the Medium here:
And our updated docs here:
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We've completed the first iteration of our Modulus documentation.
This will be an evolving knowledge base where we will bring updates, insights, and new information from the ongoing development of Modulus.
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We heard you wanted an update on
#Modulus
?
Here's what we've been working on lately.
1. Bridge
As the doorway to the Modulus network, it's important to us that the bridge looks professional and has an easy to use, intuitive UI. And of course, what's better than dark mode?
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99% finished with testing with no major issues.
Highly likely to begin deployment of the public testnet tomorrow or the day after.
Modulus Update:
Final version of v0.9 testnet was deployed to our development server yesterday, and integrated with the explorer and the bridge.
Once some end-to-end testing is finished, the same build will be deployed to the public server for everyone to access.
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Modulus Update:
Final version of v0.9 testnet was deployed to our development server yesterday, and integrated with the explorer and the bridge.
Once some end-to-end testing is finished, the same build will be deployed to the public server for everyone to access.
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Modulus Testnet Update.
Previously we had given a tentative live launch of June, however we are now looking at a July release.
We've experienced issues with adapting and deploying the Prover contract...
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Deployment began yesterday. We had a few issues lining up the bridge and explorer but they’re all sorted now.
We’re expecting to share all the details and open Modulus Testnet up publicly on Monday or Tuesday.
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Modulus Update 🩸
We are currently working on finalizing and deploying our zkProver contract ahead of the genesis block on the public testnet.
A zkProver is the centre of ZK tech, allowing for low-cost proof and quick execution.
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ZK is taking over.
It has started and will continue to disrupt a ton of industries.
Let's explore... 🩸🧵
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Welcome to 2024.
We appreciate it has been a while since we have shared any sizeable updates, and there is no reasoning for this other than there hasn't been sizeable updates.
We would like to share that we plan to release our next phase of Modulus Testnet this quarter.
⬇️
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The eagle-eyed among you may have spotted the new Projects section on 👀
If you're starting to
#BuildOnModulus
and want to feature, just submit your info in the form below 👇
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You won't have to wait too long for another update, we have some more Modulus content dropping later this week 🤫
Now, let's
#BuildandBurn
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Developer documentation should land next week.
@ModulusZK
gets closer and closer.
Right now we have the testnet up and hosted on remote servers.
Work has already started on integrating it with the bridge and Modulus Eye explorer front ends.
After a short but intensive internal testing period, it’s ready to go public.
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Privacy coins you say?
How about privacy chains that allow you to opt in/out of privacy with significantly higher scalability?
Also without sacrificing security ;)
There are 400,000 pending transactions on the bitcoin network and binance halted transactions due to the congestion and high fees
I’ve been warning people of this for months and the righteous bitcoin maxis have kept their mouths shut because they can’t admit bitcoin has any…
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There is a world of difference between pushing testnet, and going live on mainnet with the community's real funds. We have seen successful network launches, and others not so much. Lessons can be learned from both.
That being said, here's to a big year for the $CULT ecosystem 🥂
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What are zero knowledge L2s and more importantly why do we need them…
A THREAD 🧵
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This morning we pushed a small Prover update to the live testnet to fix a bug with internal transactions displaying in the explorer.
We are currently working on another issue with contract verification through hardhat.
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Help us improve
#Modulus
🩸
Now that our Testnet has been released for a few weeks, we'd love to hear your feedback.
We have created a short form at the bottom of our website. Help us create the best chain in crypto.
Take 2 minutes:
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2. Modulus Eye
Modulus Eye is our answer to Etherscan. All the usual goods, but because this is $CULT, we had to include a fat burn counter on the landing page.
Here's dark mode again.
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Building on
#modulus
?
Fill out the below form to apply to be listed on in the upcoming Modulus Dapps list section of the website 👇
#BuildAndBurn
#BuildOnModulus
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We thank the entire $CULT, $RVLT, and $TRG community for their patience and support as we've been tackling this technical endeavour.
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Deployment and integration of the explorer and bridge on public server is expected to take 2 or 3 days.
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Both these dapps are in the process of being built as we speak, the above are the final designs.
We have an operational light mode version of the explorer that we've hooked up to Polygon for testing, but it's not quite fully fleshed out to the above spec just yet.
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The zkProver is where the batched transactions are validated, aggregated, and posted back to the Ethereum L1.
It essentially is the mechanism that checks if a value is true or not, while not revealing any information to the user.
More updates soon.
#BuildnBurn
#BuildonModulus
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Builders assemble.
Manifesto Monday -
@wearecultdao
Builders on
@ModulusZK
I’d like to invite the following builders (below tweet) and any potential builders to come join us and share their vision.
$CULT
#ModulusZK
$TRG $RVLT
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🔟 Follow us for more threads exploring the different technical aspects of zero knowledge blockchains and how they will be used to enhance privacy and security in the digital age.
Modulus Network - a zkEVM - Launching SOON!
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As we've mentioned before, this is an ongoing testnet development. We are not currently at the stage of a "mainnet ready" build.
Over time we will continue to make improvements and refinements before we begin the stage of auditing and preparing for mainnet deployment.
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We are aiming for that testnet update to be the build that will be the same one pushed to mainnet.
As always dates are flexible. It is a marathon not a sprint and we will not rush for meaningless dates if it means risking the network not being ready.
⬇️
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We plan to make Modulus the leading zkEVM by making privacy and functionality our priority.
🩸 Cheaper and faster txns
🩸 More scalability
🩸 Optional privacy
🩸 Maintained security
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9/ ZK blockchains are the future and those within $CULT know this.
It is our job now to spread the word. Modulus is coming.
For anyone new to Modulus or
@wearecultdao
, join the discord, explore the website, and most importantly, talk to the community.
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...our official Modulus Mainnet.
We are thankful as ever for the ongoing support of the community.
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Additionally, a zkEVM is order of magnitudes cheaper than a standard zk-Rollup without sacrificing security.
This is because a zkEVM leverages the security of Ethereum's underlying layer one infrastructure, while only requiring a small amount of on-chain data to be processed.
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...this won't have any affect on the functionality or usability of the testnet for anyone, both users and builders.
The plan is to release this version of the network, and we will continue work and adapt the network over time before we reach the final build that will become...
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...which we've been working on for some time.
However this doesn't slow us down greatly. We plan to release the first version of the testnet in July. It could only be a couple of weeks. We will release the first version with a mock verifier contract in place....
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9️⃣ This way, zero knowledge blockchains can help to create a more robust and secure ecosystem for blockchain technology, making it more accessible to and suitable for a wider range of users and industries.
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If you have used Modulus Testnet, we'd love to hear your views and suggestions.
It can be anything stemming from:
• UI/UX improvements
• Issues or bugs
• New features
• Rating the experience
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8/ Despite limitations, zero knowledge blockchains like Modulus are important infrastructure for privacy-preserving dApps, particularly in industries that require confidential information or where privacy is critical.
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This is why we are building a zkEVM, which provides the same experience for developers and users as a zk-Rollup, but with a key difference.
It's EVM compatible.
Meaning projects that are already EVM compatible can bridge to this technology, easier.
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8️⃣ By building on top of existing blockchains, developers can leverage the security and stability of those blockchains while also accessing enhanced privacy and security features from the additional ZK layer.
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6/ In addition to increasing transaction throughput, ZK blockchains also offer lower txn fees and increased privacy for users as transactions are not directly visible on-chain.
You will have the option to wear your $CULT mask on-chain.
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7️⃣ Thats why it’s important to view zero knowledge blockchains as infrastructure that can be built on top of existing blockchains rather than standalone technologies.
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7/ However, a limitation of ZK L2s is that they can be more complex to develop and deploy than traditional L1s as they require specialized knowledge-proof generation and verification techniques.
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With a zkEVM, developers can build and deploy their existing smart contracts with minimal modifications, making it much easier for them to adopt this technology.
While users continue to experience the same seamless and familiar experience as they do on $ETH.
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5️⃣ In a future where governments may attempt to restrict access to certain websites or services, zero knowledge blockchains can provide a way for individuals to bypass those restrictions and access information freely and anonymously.
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As the demand for scalable and cost-efficient blockchain solutions rise, zk-Roullups have emerged as a promising scaling solution for Ethereum.
However, the limitation of Rollups being application specific and not EVM compatible make it challenging for projects to bridge.
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6️⃣ However, building a zero knowledge blockchain is no easy task. It requires a significant amount of technical expertise and resources to develop the necessary cryptographic protocols and ensure that the blockchain is secure and stable.
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2/ Zero Knowledge blockchains, such as Modulus, are fundamentally different from traditional L1 blockchains like Ethereum in that they use off-chain processing to enable faster, cheaper, and more private transactions.
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3/ In contrast to traditional L1 blockchains, where all transactions are processed directly on-chain, zero knowledge blockchains rely on a technique called “rollups” to process transactions off-chain.
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1️⃣ Zero Knowledge L2s are additional layers to a blockchain that’s powered by advanced cryptography to obfuscate the identities of the users making transactions on the network. This is done using a technique called zero knowledge proofs.
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4️⃣ This enhanced privacy is important for a number of reasons. It helps to protect sensitive information in industries like healthcare and finance, where maintaining privacy is paramount. Additionally zero knowledge can also help to prevent government surveillance and censorship.
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5/ By processing transactions off-chain, ZK blockchains like Modulus are able to achieve much higher transaction throughput than traditional L1 blockchains, with some networks being able to process 1000s more transactions per second.
🩸 Modulus will be highly scalable.
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4/ Rollups involve grouping transactions together and processing them off-chain, using zk Proofs, to prove the validity of the transactions and generate a single proof that can be submitted to the blockchain.
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2️⃣ Zero knowledge proofs are a way of providing the validity of a statement without revealing any additional information beyond the statement itself.
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3️⃣ In the context of zero knowledge layers on a blockchain, this refers to transactions that can be verified without revealing the identities of the users making those transactions.
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