Testnet update: ink! 4.0 stable release & decreasing storage fees
We have just released a new version of Aleph Node to push ink! 4.0 stable release to the Testnet. Moreover, the contract storage fee has been largely reduced—by a factor of 25x.
Following the stable release of ink! 4.0, we’re happy to announce that we are implementing the update on Testnet. From now on, validators can download Aleph Node 10.0 to update their nodes and enable the stable version of ink! 4.0 smart contracts on the Testnet.
Together with updating the smart contract engine, we have also revisited the topic of smart contract storage fees. After careful analysis, we have decided to reduce the base storage fee by a factor of 25 (to 0.00004 AZERO per byte). We believe that affordable on-chain storage is a crucial component for the healthy growth of the ecosystem.
What’s next? We’ll follow the usual schedule of testing this version for up to six weeks and then release this update to the Mainnet, given no major issues are found. In the meantime, we’ll also conduct another Mainnet update; you can find more information about this below.
Mainnet 9.0 and 10.0 updates
A week after today’s Testnet update, we will update the Mainnet—but this particular update won’t include smart contracts just yet. It covers all the other improvements and bug fixes that have been made between versions.
The set release schedule requires us to maintain a version gap of fewer than two versions. Since the Testnet gets updated to version 10.0 and the current version of Mainnet is 8.0, we will also update Mainnet nodes to version 9.0.
As you might be aware, the previous Testnet version has already featured smart contracts in the 4.0 beta. After consulting with several ecosystem developers, we’ve decided not to push the 4.0 beta to the Mainnet, but rather debut with ink! 4.0 stable release after the usual up to six weeks testing period.
To summarize, here’s what happens:
1 We’re updating the Testnet to version 10.0 today;
2 Around a week from now, we’ll update the Mainnet to version 9.0;
3 After four to six weeks from today—given that no major issues are found—the Mainnet will be updated to version 10.0, including smart contracts and reduced storage fees.
The wait will be over shortly!
It is important to note the stable release of ink! 4.0 changes much for what lies ahead for Aleph Zero. There is no further version to wait for before finally launching smart contracts on the Mainnet and enabling developers to deploy their projects on top of the network. This is the last stage before doing so.
Aleph Zero Monthly Update: AWS Activate, bridges, and ink! 4.0 beta on testnet
In January, we made significant progress on the partnerships front, as well as moved forward with bringing better UX to the ecosystem. Here’s all that happened in 2023 so far! Ink! 4.0 beta on testnet Upgrading ink! on the testnet has been a major step towards introducing smart contracts on the Aleph Zero mainnet. Since
Meet Aleph Zero: The Q1 2023 Events Schedule
The first quarter of the year is off to a great start. The Aleph Zero team is attending a series of conferences that span from Miami to Barcelona. Let’s look at where we are heading and what to expect! Quantum Miami, Miami, USA 25-27.1 We started the year by joining Quantum Miami. The event put
Aleph Zero Wins a Parachain Slot, Connects to the Polkadot Ecosystem
Aleph Zero has won a Polkadot parachain slot auction as a step towards establishing a cross-chain bridge infrastructure for the ecosystem. Learn more about the details. We are thrilled to announce that Aleph Zero has won Auction #38 for the Polkadot parachain slot. The bid has been made in an effort to secure the infrastructure