Zulu Recap | Fox Wallet x Zulu Partnership AMA Summary ⏫
Fox Wallet and Zulu Network engaged in a detailed and insightful discussion about their ongoing collaboration and the integration of Zulu’s testnet into Fox Wallet.
Luke, the Co-founder of Zulu Network, provided comprehensive insights into the completed testnet alpha version, which involved tasks such as bridging, performing transactions, swaps, adding liquidity pools, and community activities like linking social media accounts and referring new users.
This phase was a remarkable success, attracting over 700,000 users and facilitating 15 million transactions.
Users earned Zulu Genesis Points (ZGP) for their contributions, and these points will carry over into the new testnet version.
What can Users do on Zulu Through Fox Wallet
Natalie, CBO of Fox Wallet, kicked off the Q&A portion of the AMA by inquiring about what users, both beginners and advanced, can do on the Zulu network once connected through Fox Wallet.
Luke encouraged advanced users to explore Zulu’s documentation and public code available on GitHub. He emphasized that Zulu aims to make its implementation fully open source in the future, thereby allowing anyone interested to build with it. This approach not only fosters innovation but also ensures that the technology remains transparent and accessible to all.
Fox Wallet x Zulu Network Integration
The discussion also delved into the numerous benefits of the Fox Wallet-Zulu Network integration.
Luke highlighted that Fox Wallet’s support for both BTC and EVM layers offers users a seamless experience without the need for multiple apps or wallets. ZuluPrime, acting as the liquidity layer, would make it convenient to use assets across networks without needing leaving the Fox Wallet environment.
He further emphasized that Zulu Network is committed to integrating strengths from various approaches to foster innovation and growth in the Bitcoin industry. This integration aims to provide a more holistic and user-friendly experience, bridging the gap between different blockchain ecosystems.
Fox Wallet as Entry Point to Web3
Natalie pointed out the importance of having a secure and user-friendly entry point to Web3 services, acknowledging the challenges in balancing security and ease of use, that guides the development at Fox Wallet.
She noted that while achieving this balance is not easy, it is a crucial goal for every Web3 project. The ability to provide a seamless yet secure user experience can significantly enhance user adoption and trust in decentralized technologies.
Commuity Questions
During the Q&A session, community members asked pertinent questions about the role of the Zulu token, security measures, and the importance of audits.
Luke elaborated that the Zulu token would be used for gas fees, engaging in smart contracts, bridging assets, and governance. The token would be applicable on both ZuluPrime and ZuluNexus layers.
He underscored that security is a top priority, with ongoing audits and expert reviews to ensure the network’s robustness. Transparency is also deemed crucial, with plans to open up the code base for community scrutiny. This openness not only builds trust but also allows for continuous improvement through community feedback.
Community members raised insightful questions. One attendee inquired about the role and benefits of long-term holding of the Zulu token.
Luke explained that aside from its utility for gas fees and governance, holding the token might also involve staking, which could offer rewards. Staking not only incentivizes long-term holding but also contributes to the network’s security and stability.
Another asked about how Zulu Network prioritizes security and transparency, in response to which Luke emphasized that the involvement of experts and the community in scrutinizing the code helps in identifying and mitigating potential vulnerabilities.
The final audience question related to the certification and safety of the network. Luke enlightened the audience member that the involvement of experts and the community in scrutinizing the code helps in identifying and mitigating potential vulnerabilities, and that the certification process is crucial for validating the network’s security and reliability.
Final Remarks by Zulu and Fox Wallet
Luke concluded by thanking the participants for their engagement and encouraging them to stay tuned for more updates and events.
He highlighted the upcoming launch of a demo for the first trust-minimized Bitcoin cross-chain bridge based on bit VM2 and expressed excitement about the potential that this technology holds for the future of decentralized finance.
He also emphasized the importance of community feedback and contributions in creating a robust and inclusive blockchain ecosystem. The active involvement of the community is seen as a cornerstone for the network’s success and continuous improvement.
Natalie wrapped up the session by thanking Luke and the Zulu Network for their time and insights.
She encouraged everyone to stay safe, do their own research, and remain engaged with the ongoing developments in the collaboration between Fox Wallet and Zulu Network.
She expressed optimism about the future, highlighting the importance of security, usability, and community involvement in the growth of the Web3 ecosystem.
The session ended on a positive note, with both parties looking forward to the exciting advancements and collaborative efforts that lie ahead.
About FoxWallet:
FoxWallet is a safe and easy-to-use decentralized multi-chain wallet, dedicated to creating an entrance and connection to the Web3 world, which supports 50+ chains including networks such as Ethereum, Solana, Arbitrum, Optimism, Polygon, and zkSync. They have also supported hundreds of Dapps, and have gained many loyal users since launch.
About Zulu Network
Zulu Network is the first Bitcoin Layer 2 with Bitcoin-level security using BitVM2, enabling developers to seamlessly deploy dApps on both EVM & UTXO layers.
Zulu is a recognized key contributor to BitVM, poised to launch the first trust-minimized Bitcoin bridge. Join their 720k+ users and start earning and shaping the future on Bitcoin with Zulu.
