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Aleph Zero Mainnet 13.4: Max Supply and New Inflation Model Implemented!

Oct 14, 2024

AI Summary

Here's your AI summary of Aleph Zero Mainnet 13.4: Max Supply and New Inflation Model Implemented! on Aleph Zero blog

Top 10 key takeaways:

  1. Mainnet Upgrade: Aleph Zero Mainnet has been successfully upgraded to version 13.4, introducing significant changes to its economic model.

  2. Community-Driven Changes: The update was voted on and approved by the Aleph Zero community, highlighting a shift towards decentralization and community governance.

  3. Maximum Supply Cap: A maximum supply cap of 520 million AZERO has been implemented to enhance predictability and stability in the network's economy.

  4. New Inflation Model: The upgrade introduces an exponentially decreasing inflation model, starting with 27 million AZERO minted in the first year.

  5. Inflation Reduction: The new model replaces the previous annual issuance of 30 million AZERO, aiming to reduce inflationary pressure over time.

  6. No Validator Update Required: This is a runtime-only release, meaning validator nodes do not need to be updated.

  7. Historic Milestone: The economic model is the first to be shaped by community governance, marking a significant milestone for Aleph Zero.

  8. Appeal to Stakeholders: The changes make Aleph Zero more attractive to long-term holders, developers, and institutional participants.

  9. Acknowledgment to Community: The Aleph Zero team extends gratitude to the community for their active participation and governance.

  10. Future Outlook: The team is excited about building a more decentralized and secure future, with more updates to come.

AI Summary

We are thrilled to announce that the Aleph Zero Mainnet has successfully upgraded to version 13.4! 

This highly anticipated release brings a first of its kind update to the network’s economic model—voted on and approved by the Aleph Zero community. Following rigorous testing on the Testnet, these changes are now live on Mainnet, marking a significant milestone in the evolution of Aleph Zero’s ecosystem.

What’s New in Mainnet 13.4?

1. 520M Maximum Supply Cap

Aleph Zero now features a maximum supply cap of 520 million AZERO. This change is a critical step toward creating greater predictability and long-term stability within the network’s economy.

2. Exponentially Decreasing Inflation

The new inflation model introduces an exponentially decreasing emission rate, starting with 27 million AZERO minted in the first year after the upgrade. This replaces the previous model, which issued 30 million AZERO annually and is designed to progressively reduce inflationary pressure over time.

This is a runtime-only release, so validator nodes don’t need to be updated.

A historic moment for Aleph Zero

The new economic model is the first to be directly shaped by the community through governance voting. It marks a new era of decentralization and community-driven decision-making. With the introduction of a supply cap and a more sustainable inflation model, Aleph Zero is now more appealing to long-term holders, developers, and institutional participants.

We’d like to extend a special thank you to the Aleph Zero community for their participation and governance in shaping the network. We are excited to continue building a more decentralized and secure future together!

Stay tuned for more updates, and welcome to the new chapter of Aleph Zero!

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