Aventus Bi-Weekly Update (Sept 14 — Sept 27)

Aventus Bi-Weekly Update (Sept 14 — Sept 27)
Aventus Bi-Weekly Update (Sept 14 — Sept 27)

In this edition of the Aventus update, you get news of the very first NFT minted on the Aventus Network

Inside you’ll also find:

  • The sixth & last video AMA video in the series from CEO Alan Vey
  • A new “Meet The team” series coming this Friday in place of the AMAs
  • News of CCO Anna Frankowska judging an Imperial College London competition with Algorand on Decentralised Apps
  • How the Aventus Network works from an infrastructural perspective
  • A video of Emmanuel’s panel on NFTs & the future of gaming
  • TWO news influencer videos on the Aventus Staking Program

Let’s get straight to it…

The Very First NFT Minted On The Aventus Network

Given the AvN’s new functionality, we are incredibly excited to announce that we have officially minted our first NFT.

The NFT in question is here with the minting transaction on the Aventus Network Explorer: https://explorer.aventus.io/#/nft/71405450710428834781371612580819454791331924978726273540757932981988024420281

We won’t say more on this for now as we have a number of partnership announcements scheduled beginning around mid-October — so not long to wait now.

The Sixth & Last (For Now) Video From The Bi-Weekly AMA Series With CEO Alan Vey

In this sixth and final video from the bi-weekly AMA series, Alan Vey answers community questions on everything from AvN security & Aventus profitability, to partnership developments and AvN’s suitability with a recent Vitalik Buterin tweet.

The 3 winners of the $25 prize paid in AVT for best questions are as follows:

  1. @jcrypto_whales
  2. @infoo89
  3. And @Govlokk1

We may return to the creation of AMAs, perhaps including live AMAs, at a later date following the team video series.

A New “Meet The Team” Video Series Beginning This Friday

Coming this Friday for the first time is a new Aventus team video series — in place of the AMA.

In each video you will get a closer look at the Aventus leadership team both professionally & personally.

This first video in the series will focus on CEO Alan Vey.

Tune in on Telegram at 6pm UK time to see it first.


CCO Anna Frankowska Judged An Imperial College London Competition With Alogrand On Decentralised Apps

On Thursday 23rd September, our CCO, Anna Frankowska, judged a competition with Algorand at Imperial College London on Decentralised Apps.

The idea behind the competition was to incentivise students to innovate and broaden their future career paths.

Anna said, “It was really fascinating to judge the finalists at yesterday’s Algorand Foundation Decentralised App Competition at Imperial College London. Congratulations to the winners who built a Green Bond Application, and the other two companies, one of which reshapes the way we exchange value, and another which was an anti-fraud solution.”

How The Aventus Network Works From An Infrastructural Perspective

The above image and following text are excerpts from a newly-written Aventus technical paper.

For those interested, this excerpt explains Aventus’ Network infrastructure — what makes Aventus tick as a layer-2 solution.

Aventus Layer-1

Aventus is a layer-2 scalability solution for the Ethereum blockchain. To achieve this, Solidity contracts have to be in place to act as our bridging interface with Ethereum itself. The current architecture uses 4 smart contracts — AvnFTScalingManager, AvnFTTreasury, AvnStorage, AvnValidator manager. The diagram below shows how each smart contract

These smart contracts are designed to be upgradable.

Aventus Layer-2

The Aventus blockchain is a general purpose blockchain built on Substrate. The blockchain is a type of distributed ledger technology that groups transactions into blocks in such a way that the cryptographic ID of the block is a result of each transaction in the block, and the chronological order of the blocks are cryptographically verifiable. While there are other types of Distributed Ledger Technologies known to use blocks, some types such as DAG create a direct history of transactions without blocks. While the non-use of blocks might seem energy-saving under the Nakamoto consensus and other energy-consuming consensus algorithms, it does not provide a linear global view of the ledger that can be used as a single source of truth.

The limitations of Bitcoin and Ethereum created a demand for blockchains that had better offerings. Due to the open-source policy and the success of the aforementioned two blockchains, many new blockchain networks arose with a plethora of offerings however, all built as a result of forking Bitcoin or Ethereum code. This way of building blockchains was sufficient for a time but what became quickly obvious was that the forked code was built and tested for the intended design and use cases of the original chain.

Substrate is a blockchain development tool written in the Rust language with the added functionality of being able to compile to WebAssembly (WASM). It provides the tools to build fully customisable blockchain networks in a more design-focused way, with the added advantage of forkless runtimes. The use of forks has plagued the Blockchain space for some time with notable mentions like the Ethereum DAO hard fork and the London hard fork. What Substrate allows us to do is to have forkless upgrades, where we can have major upgrades to the mainnet without disrupting the network nodes.

Emmanuel Ngubo Took CEO Alan Vey’s Place On A Panel Discussion On NFTs & The Future Of Gaming

Emmanuel Ngubo, a technical whizz among the Aventus team, took Alan’s place last week in a panel discussion exploring NFTs and the future of gaming.

You can watch the discussion titled “Play to Earn: The Future of Gaming & NFTs” hosted by LA Tokens ‘s VCTV, in the video above.

Two New Influencers Videos About The Aventus Staking Program

A few days ago, Serbian Youtube influencer Supreme Nexus posted a new video all about the Aventus Staking Program.

Following this we have another video expected soon with an influencer with more than 90,000 subscribers, so keep an eye out for that.

With the growth of the Aventus Marketing Team, we hope to have more and more of these videos appearing more regularly.

What’s Next?

You can stay updated with Aventus and the press, join the Aventus Telegram group and follow us on Twitter.

Again, to register for the Validator Program visit https://www.aventus.io/ecosystem/.

For more information on the Validator Registration Program and how to stake AVT, read this handy Validator Registration guide and read this handy ‘how-to’ guide.

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