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Building a multi-chain world
We trust that enterprises and SMBs can greatly benefit from a public, peer-reviewed platform with private transactions. Aleph Zero will also be capable of synchronizing with other blockchains and running smart contracts—and its privacy framework can be used on all the major chains. Moreover, the team is working on a truly trustless universal wallet called Common
About Aleph Zero
The Aleph Zero protocol is easy to interface with and transparent, allowing businesses’ solutions to be more efficient, powerful, and trustless. their protocol is backed by a novel scientific paper that presents years of research from experts in the fields of cryptography, mathematics, and other disciplines, culminating in the creation of a thorough solution to the problem of how to transmit data and value across networks with high throughput and quick confirmation in a decentralized manner.
The scientific paper allows Aleph Zero to be fully verified as valid by trained experts in the domain of mathematics and cryptography.
During a laboratory test, Aleph Zero’s peer-reviewed consensus protocol (AlephBFT) achieved 89,600 tx/s with a 416 ms confirmation time in a decentralized test setting of 112 AWS nodes spread across five continents.
Aleph Zero aims to become the first decentralized Directed Acyclic Graph (DAG)-based platform with a large, rotating, random committee.
PRIVATE SMART CONTRACTS
Liminal, Aleph Zero’s original privacy framework, is based not only on zero-knowledge proofs but also takes advantage of Secure Multi-Party Computation concepts.
NEAR-FREE TRANSFER TRANSACTIONS
On average, a transaction on the Aleph Zero network costs 0.0003 $AZERO.
The Aleph Zero Consensus Protocol has been officially peer-reviewed and accepted for publication in the conference proceedings of Advances in Financial Technology 2019. The implementation of the consensus has been audited by Trail of Bits in 2021. The broader elements of the network come from Parity’s Substrate stack.
DEX & DECENTRALIZED DARK POOL
Common is the first product we’re building on top of Aleph Zero. It’s a Decentralized Exchange and a Decentralized Dark Pool.
HUB AND SPOKE OPERATIONS MODEL
Easily sync your application to the Aleph Zero’s network.
Application Programming Interface (API) hooks that allow for a seamless integration into InterPlanetary File System (IPFS) as well as proprietary data solutions.
Solving the unsolvable. The AlephBFT consensus protocol powers the public proof-of-stake blockchain which aims to tackle the blockchain trillema and focus on private smart contracts, as privacy is a very important feature. Other core features are decentralization, scalability, speed, security, near-free value transactions, Cloud file storage/ IPFS, an Oracle, a Decentralized Exchange and a Decentralized Dark pool.
The AlephBFT consensus protocol was initially on Golang but it has been recently upgraded to Aleph 2.0 with Rust and Substrate integration to enhance it’s performance, nevertheless in a Test environment the AlephBFT consensus protocol with Golang was capable of achieving a confirmation time of 0.416 seconds with subsecond validation, scalable to 100,000 TPS with 128 nodes, this is to date so far the fastest any other Crypto-related project has ever achieved positioning itself as a serious competitor to Solana the current fastest live blockchain.
AZERO is the ticker or the name of the native utility token to the network with an inflationary nature. 300 million tokens will be generated at the Genesis. 180 million will be liquid at the TGE. The tokens will be distributed with a total of 67% to the Public and 33% to the foundation, Pre-seed and Seed rounds will have a lock-up and vesting period of 6-12 months, for the foundation a 20% will be allocated at the TGE having a lock-up and vesting period of 4 years linearly after 1 year. The inflation has been set to 30 million tokens per year making it a decreasing % year over year to near zero in the long term. Pre-seed , Seed and early community rounds are closed and the team is preparing for Public sale. Pre-sale is currently on-going for value added partners.
Good team and a big team - No links so takes longer to review (I wish these projects would link stuff up)
Matthew Niemerg, Ph.D.
Adam Gagol, Ph.D.
Michal Swietek, Ph.D.
Damian Straszak, Ph.D.
Ph.D. Candidate, Researcher
Joeri van Geelen
Filip Bielejec, Ph.D.
Product Design Lead
People and Culture Strategist
Business Relations Lead
Traffic and Communication Manager
67.3K Followers on twitter - Could be more active - @Aleph__Zero
19 142 members on Telegram
Where to Buy AZERO: Gate.io
Summary: So, this is project may do well but is not one for me due to the private transactions. I feel these project types come with high risk due to regulations that could end private transactions. This is a Dag and could do well if private transactions are not banned. I have rated the project taking into account my personal views on how I think regulations we will get. Dag's also don't tend to do well in this space and I question the the tps. Is this between their wallets only or other chains.
My rating: 5