Releases
Testnet Zahir 13.2: network usage becomes 10X cheaper
Mar 19, 2024
The latest Testnet Zahir 13.2 update is here, bringing reduced transaction fees by a factor of 10 to better prepare the network for high-frequency usage. Here are all the details!
Aleph Zero is known as the layer-1 blockchain with instant finality and low transaction fees. A single transaction made on Aleph Zero costs–on average–just 0.0003 AZERO and is adjusted dynamically according to the network usage. Now, we’ll have to move that decimal because the transactions have been lowered even further!
Preparing the chain for large-scale use cases
The transaction fees are being reduced by an incredible magnitude of 10X, a number that is sure to make Aleph Zero even cheaper to interact with. This makes the blockchain even more suitable for housing High-Frequency Trading, High-Frequency DeFi, or other large-scale enterprise use cases.
It’s important to note that the network is still protected from spam, with a dynamic fee adjustment mechanism that accounts for network usage, required storage, and more. Therefore, the actual transaction fees will vary, but the baseline will now be low enough to make the fees affordable even when operating on a large scale and with high frequency.
Additionally, the upgrade will also introduce a fix to the consumer underflow for controller accounts that have different stash accounts.
Aleph Zero’s proactive measures to enhance competitiveness signify a pivotal moment in the development of the network as these changes, once explored on the Testnet, will make their way to the Mainnet to benefit Aleph Zero and the real-world applications pioneered by the ecosystem projects.
Testnet Validators, now it’s your turn!
We ask all Testnet validators to update their nodes as soon as possible. The update procedure follows the same steps as previous updates, with users needing to modify their `aleph-node-runner` to run the `run_node.sh` script (there’s no need to stop the container anymore), and users building from source should switch to the `r-13.2` tag in the `aleph-node` repository.
Head over to the Validator-related channels on Aleph Zero Discord for support and more information! You can also read the full release notes on our Git Hub.
Stay tuned for the next update, and as always, we are grateful to all of you for being a part of the project!
