$eth 🔥 Alipay is also launching its own public chain, preparing to introduce the layer 2 public chain JOVAY.

⬇️I dug up some relevant information:

🚀 The public chain Jovay launched by Alipay is an L2 based on Ethereum, focusing on the on-chain of Real-World Assets (RWA) and institutional-level applications.

1️⃣In terms of core technology, there are several highlights:

1- High TPS, millisecond-level trusted transactions.

2- Combine zero-knowledge proof (zk) technology to ensure the security, privacy protection, and verifiability of transactions.

The architecture design is "Two Chains and One Bridge", collaborating with AntChain and the AntChain Bridge to create a global asset digitalization ecological closed loop.

Focusing on new energy and green finance, over 14 million new energy devices (such as charging piles and photovoltaic equipment) have been put on-chain, creating the world's largest new energy on-chain asset pool. In terms of real-world assets, Jovay has designed a five-stage process (asset registration, construction, tokenization, issuance, and trading), and has established multiple verification checkpoints to ensure compliance with regulatory requirements, support asset transfers and bilateral settlements between institutions, while avoiding data leaks.

In terms of strategic positioning, Jovay does not issue a native token, focusing on the enterprise and institutional market, emphasizing compliance and AI assistance, real-time verification of on-chain and off-chain data, fully ensuring data privacy and compliance. Ant Group aims to connect the massive financial flow of 1.4 billion Alipay users to the Ethereum ecosystem through Jovay, promoting the integration of decentralized finance and traditional finance, which is expected to have a significant impact on global financial infrastructure.

Progress:

Jovay released its testnet in April 2025 and plans to launch its mainnet in the fourth quarter of 2025. It has significant expansion potential and broad application prospects in the future, especially with a leading advantage in areas such as cross-border green finance and digital asset securitization.

#Cryptocurrency Market Rebound