Parity’s Substrate Builders Program Announcement

Parity’s Substrate Builders Program Announcement
Parity’s Substrate Builders Program Announcement

We are proud to announce that Artos Systems, the official developers of the Aventus Protocol, has been accepted into Parity’s Substrate Builders Programfor the visionary work that they are doing on the Aventus Protocol.

The Substrate Builders Program aims to “identify, support, and mentor substrate-based projects that are building impactful chains, whether they are building a solo chain, parachain, bridged chain or parathread.” It also gives developers the opportunity to use Parity’s extensive resources and expertise.

Alan Vey, Aventus Co-Founder, said: “Artos has a highly skilled team of developers working on the Aventus Network. We are excited for our development partner to be a part of this prestigious builders programme.”

Annika Monari, Aventus Co-founder, continued: “This will allow us to better engage with the community and progress development faster.”

Some other noteworthy projects that have been accepted into the Substrate Builders Program include:

Centrifuge — Financial supply chain platform

Moonbeam — DeFi developer platform

DataHighway — Inter-chain IoT data network

Phala Network — Confidential smart contracts platform

Plasm — Scalable dapp platform implementing layer2 solutions

Laminar — Synthetic asset and margin trading platform

Acala — DeFi network for multi-collateralized stablecoin and staking liquidity

Subsocial — Protocol and web UI for social networks and marketplaces

Polymath — Security token platform

ProChain — Tokenized advertising platform

KILT protocol — Credentials and identity for Web 3.0

Nodle — IoT connectivity network

Valibre — Decentralized remittances network

Transparent Systems — Payment network for businesses

SparkHealth — Healthcare platform

Edgeware — Smart contracts platform

Stafi — Protocol for staking asset liquidity

Substrate itself is a technology that allows developers to build blockchains and customise elements of consensus. It is essentially a framework for building blockchains. According to their website the software is “extensive, modular, and open source, and allows you to build any blockchain, whether independent or connected through the Polkadot network.” Notably, Polkadot is currently not used for Aventus Node development because we are building a layer-2 stack on Ethereum.

Artos Systems has been working on the Aventus Node for some time now and we expect to release a beta network imminently. The Aventus network scales fungible token transactions to several orders of magnitude faster than Ethereum itself without significant compromises on decentralisation, security, and finality. Node operators will have to stake AVT to start processing Aventus transactions and will be rewarded in AVT transaction fees for doing so. To stay on top of current Aventus Network traffic please see our statistics site.

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