Aleph Zero

Aleph Zero, a Layer 1 blockchain technology, has a history that spans several years. The project began development around 2018, with significant milestones achieved in 2021 and 2022.

Aleph Zero conducted several funding rounds, including a pre-seed round in 2018, where tokens were issued at $0.04 each. This was followed by a seed round at $0.057 and an early community round at $0.07. The public sale in 2021 saw tokens sold at $0.10 each, marking a significant increase from the initial funding rounds.

Aleph Zero received regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA), ensuring compliance with Swiss law. This approval allowed the project to proceed without special authorization requirements for issuing the AZERO token.

The mainnet was launched on November 10, 2021, and the SmartNet testnet was deployed on January 28, 2022. This testnet enabled developers to deploy and test smart contracts on the network.

The initial circulation of AZERO tokens was 180 million out of a maximum supply of 300 million. An additional 30 million tokens are minted annually, with 90% allocated as staking rewards and 10% retained in a treasury for ecosystem development.

Aleph Zero has formed partnerships with various organizations, including Flidy Technologies, a Nigerian start-up incubator, and Gatenox, a decentralized identity wallet. The project aims to support the development of Web 3.0 start-ups and enhance its ecosystem.

Aleph Zero continues to develop its suite of products, focusing on scalability, security, and developer friendliness. The project has a current market capitalization of around $220 million and is available for purchase on several centralized exchanges, including MEXC Global and Gate.io.

Aleph Zero is a Layer 1 blockchain platform that aims to solve the shortcomings of traditional blockchain technology by providing a fast, secure, and scalable network. Here's an overview of how it works:

Aleph Zero uses a novel consensus protocol called AlephBFT, which is integrated into the Substrate framework. This protocol allows for multiple users to create blocks simultaneously, which are then ordered and validated through a Directed Acyclic Graph (DAG) architecture. This approach significantly increases the speed and throughput of the platform compared to traditional blockchain protocols.

Aleph Zero boasts a time to finality of just 0.9 seconds, making it much faster than many other blockchain networks. This rapid finality ensures that transactions are confirmed quickly and securely.

The network operates on a Proof-of-Stake (PoS) consensus mechanism. Validators are elected daily, and they rotate every 15 minutes to reduce centralization. Users can stake their AZERO tokens to participate in the validation process and earn rewards. The minimum bond for staking via direct nomination is 2,000 AZERO, and users with at least 10 AZERO can stake.

Aleph Zero features a privacy-enhancing smart contract infrastructure called Liminal. This layer utilizes zero-knowledge proofs (ZK-SNARKs) and secure multi-party computation (sMPC) to ensure that transactions remain private and secure. This technology allows users to prove the integrity of their transactions without revealing any data, making it ideal for organizations and individuals who require confidentiality.

Aleph Zero supports a wide range of applications, including DeFi projects, gaming, enterprise solutions, and more. The network's flexibility and scalability make it suitable for various use cases, and its privacy features are particularly attractive to organizations that require confidentiality.

The AZERO token is the native cryptocurrency of the Aleph Zero network. It is used for staking, transaction fees, and as a reward token for validators. The token supply is capped at 343.72 million, with an initial circulation of 160 million.

Aleph Zero has ongoing partnerships with various development teams to create third-party integrations. Some notable examples include Panorama Swap, a decentralized exchange built on Aleph Zero, and Gatenox, a technology provider specializing in Anti-Money Laundering and Know-Your-Customer/Know-Your-Business frameworks for the Web3 and DeFi ecosystem.

Overall, Aleph Zero offers a unique combination of speed, security, and privacy, making it an attractive solution for developers and users alike.

Aleph Zero (AZERO) has several strengths that make it a promising blockchain solution:

1. Scalability: Aleph Zero is designed to be highly scalable, with the ability to process up to 100,000 transactions per second and a block confirmation time of just 1 second. This makes it suitable for large-scale applications and high-traffic use cases.

2. Security: The AlephBFT consensus protocol ensures robust security by tolerating up to 33% of malicious committee members, enhancing resilience against distributed denial-of-service (DDoS) attacks and facilitating smooth protocol recovery post-network partitions.

3. Privacy: Aleph Zero integrates advanced privacy technologies like Zero-Knowledge Proofs (ZK-SNARKs) and Multi-Party Computation (MPC), enabling private computations on user data and supporting private multi-user interactions.

4. Developer Friendliness: The platform is built using Rust and the Substrate stack, making it familiar and accessible to developers already accustomed to these technologies.

5. Cost-Effectiveness: Aleph Zero offers low fees, with an average transaction fee of just 0.0003 AZERO, making it an attractive option for users and developers.

6. Decentralization: Aleph Zero operates in a decentralized manner, ensuring that there are no central groups or developers to censor payments or participation.

7. Enterprise Readiness: The platform is designed to meet the needs of institutional and enterprise users, providing a host of features to drive blockchain adoption forward.

8. Native Privacy Stack: Aleph Zero is building a native privacy stack to further enable solutions that balance transparency and privacy.

9. Strong Community: The platform has a large and active community, with over 200,000 people involved in ongoing educational activities and development.

10. Eco-Friendliness: Aleph Zero is committed to becoming a carbon-negative blockchain, joining initiatives like the Crypto Climate Accord and undertaking CO2 offset programs.

These strengths position Aleph Zero as a versatile and robust blockchain solution that addresses key pain points in the market, making it an attractive option for developers and users alike.

Aleph Zero (AZERO) is considered a high-risk investment due to several factors. Recent price movements have shown significant volatility in relation to volume changes, leading to a high risk score. This volatility indicates that the coin's price can be easily manipulated, making it a high-risk investment for traders focused on risk assessment.

• Adam Gągol: Co-founder, holds a Ph.D. in mathematics and has contributed to the field of combinatorics.
• Michał Świętek: Co-founder, brings expertise from various scientific and business backgrounds.
• Antoni Żółciak: Co-founder, has over a decade of experience in technology marketing and public relations.
• Matthew Niemerg: Co-founder, has a diverse background in distributed ledger technology, cryptography, and high-performance computing.
• Core Team: Consists of over 40 members from various scientific and business backgrounds, including experience at organizations like IBM, ABB, Stellar, Codewise, Capgemini, ING Bank, Admind Agency, TIBCO Software, Google, Uber, and Riverbed Technology.