Introducing Ayetu: A Robust Financial Layer for Users Across Africa

Introducing Ayetu: A Robust Financial Layer for Users Across Africa

As 2024 ramps up, we’re looking forward to everything that the year has in store for GoodBlock’s robust suite of Web3 products. With that in mind, we’re excited to unveil the branding and roadmap for the Africa-based blockchain project, Ayetu! In this update, we’ll be diving into what Ayetu is and the inspiration for the branding, as well as diving into what our community can expect to come out of the project in the coming months.

Ayetu: Making Financial Services Accessible to Everyone Across Africa

Ayetu, is a private blockchain, designed to serve as a settlement layer for financial transactions across the continent of Africa. It combines GoodBlock’s leading infrastructure with an enhanced version of the Antelope tech stack in a way that allows financial applications to be built in compliance with local regulations across Africa.

The goal of this is to create a fairer financial system for users across Africa. It was this goal that inspired the name Ayetu. Yetu means “our” in Swahili, with the A in the name standing for Africa. So, Ayetu essentially means “our Africa”, a fitting name to a project that aims to create more equitable financial tooling for communities in countries across the continent.

This branding kicks off a new era for the project. One that begins with a heavy focus in Nigeria, where much of the project’s core team is based. The team is also currently undergoing an executive search for a CEO that can help take Ayetu to the next level.

Unveiling the Ayetu Roadmap

The most exciting news this week has been the release of the Ayetu roadmap, presented by the core Ayetu team. The presentation covered six critical areas that will be focused on in the coming months:

  • Partnerships
  • Core Protocol Improvements
  • Web Interfaces
  • The Mobile Super App
  • The Ayetu Token Bridge
  • The No-Code App Development System
  • Exchange Launches

Check out the video below to learn more about the mission of Ayetu and for an in-depth look at the roadmap for the year ahead. It’s going to be an extremely exciting year for the entire Ayetu community!

Work is Ramping Up Quickly

The team is concentrating on what will be critical to complete in the first two quarters, with the efforts deepening throughout the second half of 2024. Progress is well underway, with the team working tirelessly over the past several weeks on a website, block explorer, and whitepaper.

There are already a number of partners beginning to integrate their projects with the Ayetu technology. Kanda Weather has been deployed and is recording atmospheric data on-chain. Additionally, GreenEarth Agro’s Ghanaian Regenerative Agriculture project is already recording agricultural and IoT data.

Partnerships have also been announced with LazyLabs, formerly known as Fortis, to develop the Mobile Super App, as well as Detroit Ledger Technologies, who will build out the Ayetu Block Explorer. 

GoodBlock is excited to be involved in Ayetu as an technical and infrastructure partner. The technical team at GoodBlock has been working steadily to build out our robust Privacy API and PII servers, as well as our easy-to-use interfaces.

An Exciting Year Ahead for Ayetu

With the new branding officially unveiled and a robust roadmap released to keep the project on track, it’s going to be an epic year for the Ayetu community. Together, with help from our key partners, there will be a lot more announcements released and milestones reached in the coming month.

Learn more about Ayetu by heading to Ayetu.net, connect with the community on Telegram and stay in the loop on upcoming announcements by following Ayetu on X. While you’re at it, don’t forget to follow GoodBlock on X for more updates on Ayetu and all of our other Web3 projects. We’re happy to have you along for another year of building innovative solutions for some of the world’s most pressing problems.

How GoodBlock is Innovating Blockchain Infrastructure in Partnership with KOY Network

How GoodBlock is Innovating Blockchain Infrastructure in Partnership with KOY Network

How GoodBlock is Innovating Blockchain Infrastructure in Partnership with KOY Network

Welcome back to another in depth look at the KOY Network, following the announcement of GoodBlock’s partnership with the network. In our first piece, we gave a high level look at what KOY Network is and its impact, as well as an overview of the partnership. Last week we dove deeper into the tokenomics of KOYN that GoodBlock helped conceptualise.

This week, we’re talking about technical infrastructure and how Douglas Horn, CTO of KOY Network and CEO of GoodBlock, is strategically designing the network with the goal of becoming one of the world’s fastest blockchain network. Keep reading for more details, and at the end we’ll be sharing more about an upcoming event with the KOY Team where you can learn more about this innovative and impactful project. 

Taking GoodBlock’s Powerful Antelope Node & Turning It Up to 11

Because KOY Network is designed with the intent of powering financial transactions for the entire continent of Africa, ensuring that the technical design could handle a heavy number of transactions with high performance was a must. Thankfully, the protocol that KOY Network is built on, Antelope, is one of the industry’s leading protocols for performance and scalability, but the technical team at GoodBlock wanted to take things a step further.

GoodBlock has long been an expert in Antelope infrastructure, boasting the fastest block producer available across the entire Antelope ecosystem. This was achieved through a combination of cutting edge hardware and subtle refinements to the node’s settings. Mr. Horn also initiated and led the creation of the design of Telos EVM, which claims the title of the World’s Fastest EVM. 

So, when GoodBlock’s Douglas Horn stepped into the role of the KOY Network’s CTO, he quickly realised that there was a unique opportunity to take this experience and apply it to his work on the KOY Network in a manner that was even more powerful than other implementations. This was achieved by designing KOY Network so that every node and the protocol built on top of them is optimized to similar specifications as GoodBlock’s super node.

“Public blockchains are built with heterogeneous infrastructure that sets a limit to the number of transactions per block that the slowest nodes can reliably validate. By employing a unified architecture of ultra-fast nodes, we can supercharge what Antelope.IO Leap is capable of to extreme levels, without introducing risk. In fact, this approach means KOY Network is more secure against some risks even than decentralised chains,” said Mr. Horn.

On other Antelope networks, this type of approach wouldn’t have been possible because the networks are public and allow anyone to deploy a network validator. Because of this, the underlying consensus mechanism of other Antelope chains needs to be optimized to the speed of a network’s minimum hardware requirements. However, the KOY Network needs to be a private chain, which gives the protocol engineers much more control over the specifications of individual nodes and how the software running on top of these nodes is optimized. With this in mind, the network can implement nodes in relevant countries that are all based on the same structure. Because of this, they won’t have to match the slowest node, as most other blockchain networks do.

Setting a Standard for Network Statistics with Sustained, Mainnet Transactions

While the network is still in its infancy, the technical design choices made are expected to allow KOY Network to achieve speeds that are up to 4 times faster than any other Antelope Network. This would garner KOY Network the title of one of the world’s fastest blockchain with the potential to achieve 40,000 Transactions Per Second in a burst test.

GoodBlock is also taking things a step further from the standard testnet burst tests that most other blockchains advertise. They will also be running sustained tests on the KOY Network mainnet, making it the first network to showcase this based on on-chain proof. The goal of this is to showcase that KOY Network is not only the fastest blockchain from a theoretical standpoint in test conditions but also under real-world scenarios. As these reports roll out, we hope to set a standard that other blockchains can replicate when it comes to promoting blockchain transaction speeds and throughput.

Join Us For a Closer Look at KOY Network

With the launch of KOY Network well underway, GoodBlock is extremely excited for everything to come over the next few months. To celebrate, we’re hosting a space with the KOY Network team where we’ll be diving even further into the most notable aspects of this partnership. Set a reminder to join us on October 13th at 16:00 UTC!

For details on acquiring KOYN Tokens, check out the KOYN Fair Sale:

The KOY team is currently conducting a token presale to give community members and those in the Antelope ecosystem an opportunity to acquire KOYN tokens at an attractive rate.

To further honor their roots in the Antelope ecosystem, they’ve initiated the #AntelopeAccess program. Through this program, individuals can join the KOY Telegram channel and exchange their Antelope-based tokens for KOYN.

Once the #AntelopeAccess program concludes, a Fair Sale will be launched on the koy.network website. During this Fair Sale, KOYN tokens can be purchased using USDT from the Ethereum blockchain.

GoodBlock Technologies is an app developer and Block Producer candidate on the Telos Blockchain Network, with a focus on 2 of the pillars of Web3.0; Governance (decidevoter.app) and Decentralized Cloud Storage (dstor.cloud). Vote for goodblocktls, and learn more at goodblock.io.

KOY Network is a distributed ledger system designed to support smartphone apps serving Africa and its diaspora situated across the globe. Learn more at koy.network.

GoodBlock Website: https://goodblock.io/
KOY Network Website: https://koy.network/

Social Media:
KOY Network Twitter: @KoyNetwork
GoodBlock Twitter: @goodblockio
dStor® Twitter: @dStor_cloud
decide® Voter App Twitter: @decide_Voter

Medium: https://medium.com/goodblock-io
LinkedIn: https://linkedin.com/company/goodblock
Telegram: t.me/goodblocktls

Green Earth Agro with Rush Bardolia

Green Earth Agro with Rush Bardolia

A chance meeting in Davos brought GreenEarth Agro’s founder Rushank Bardolia to Telos – now he’s hoping to provide jobs and sustainable crops in Ghana. From getting past the first-mile problem to how palm oil farming can be sustainable, dive into the latest episode of Around the Block with GoodBlock to learn more!

LINKS:
Follow GreenEarth Agro on Twitter: https://twitter.com/GreenEarthProj 
Follow Rushank on Twitter: https://twitter.com/rushankb 
Join the GreenEarth Agro Telegram: https://t.co/n0TeU14eyV 
Check out the GreenEarth Agro website: https://www.gearthagro.com/ 
Read the GreenEarth Agro proposal on Telos Works TG
Watch Rush on TedX: https://youtu.be/8hnBPFQy1-c

BS of the Week:
Solana Downtime

Coinbase

Celsius

Special thanks to the team at Corduroy Earth for producing this video, vote for their BP, TelosCulture on the Telos Network!

GoodBlock is hiring! Check out open positions at goodblock.io/careers

GoodBlock Technologies is an app developer and Block Producer candidate on the Telos Blockchain Network, with a focus on 2 of the pillars of Web3.0; Governance  and Decentralized Cloud Storage. Vote for goodblocktls, and learn more at goodblock.io.

Telos is a cost-effective, energy efficient, fast, and scalable DPoS blockchain that has been operational for over 2 years. The Telos blockchain has leading on-chain governance (Telos Decide), and is built and developed by a core development team using the Antelope codebase.

*** 

GoodBlock Resources and Social Media
Website | Twitter | MediumTelegram

 

Understanding IoT & Web3 with Kanda Weather

Understanding IoT and Web3

The state of African weather data is dire – but that’s where Kanda Weather comes in. They’re using weather balloons and the internet of things, also known as IoT, to collect that critical data. And Telos helps them store that data and reward their users with cryptocurrency.

In this episode of Around the Block, join Douglas, Nathaniel, Sean and special guest Nicolas Lopez from Kanda Weather. They’ll tell you all about the impact that their project is having across continents – and you’ll learn a thing or two about IoT too!

Learn more about the Weather Miner: https://www.ascensionwx.com/miner/p/weather-miner More on Helium: https://www.helium.com/ More on hydrogen tech: https://twitter.com/KandaWeather/status/1564713291775197185?s=20&t=iRSmPqnLqPwqhOAs5jGyug

Vote for Kanda Weather Block Producer Vote using your Decide Voter app or the Telos Open Block Explorer

Follow Kanda Weather on Twitter
Join Kanda Weather’s Discord
Read their Medium
Learn more About Kanda Weather

Block Stuff:

More on the SEC’s new offices

More on LUNC:
https://www.coindesk.com/markets/2022/09/09/terras-luna-token-gains-200-in-a-few-hours-amid-speculative-frenzy/  https://www.coindesk.com/markets/2022/09/12/terras-luna-tumbles-more-than-30-making-u-turn-from-surge/ 

Special thanks to the team at Corduroy Earth for producing this video. Vote for their BP Telos Culture on the Telos Network!

GoodBlock is hiring! Check out open positions at goodblock.io/careers

GoodBlock Technologies is an app developer and Block Producer candidate on the Telos Blockchain Network, with a focus on 2 of the pillars of Web3.0; Governance  and Decentralized Cloud Storage. Vote for goodblocktls, and learn more at goodblock.io.

Telos is a cost-effective, energy efficient, fast, and scalable DPoS blockchain that has been operational for over 2 years. The Telos blockchain has leading on-chain governance (Telos Decide), and is built and developed by a core development team using the Antelope codebase.

*** 

GoodBlock Resources and Social Media
Website | Twitter | MediumTelegram