$ALPH ๐งตHave you heard about @alephium ?
A next gen sharded L1 blockchain combing the best of $BTC $ETH and $SOL to create a powerful platform that sits at a modest 9M MC
Sound interesting? Then keep reading! ๐
๐ง What is Alephium?
Alephium is an innovative sharded L1 blockchain that takes the best aspects of Bitcoin, Ethereum, and Solana, and combines them into a powerful platform.
It's designed to be decentralized, self-sovereign, secure, high-performance, accessible, energy-efficient, and developer-friendly for DeFi and smart contract applications.
๐ฅ Why is Alephium special?
Scalability:
Alephium uses a novel sharding algorithm called BlockFlow, which enhances the UTXO model to make it scalable.
With the ability to support over 400 TPS and scale up to 10,000 TPS by increasing the number of shards.
Programmability & Security:
Alephium's stateful UTXO model offers layer-1 scalability while maintaining the same level of programmability as Ethereum's account model. This unique combination results in a more secure and robust platform for dApp development.
Energy Efficiency:
Alephium's Proof of Less Work (POLW) combines physical work with coin economics to dynamically adjust the mining difficulty. This means that, given the same network conditions, Alephium only uses โ
of the energy compared to Bitcoin.
Improved Chain Structure:
Alephium's custom virtual machine (Alphred) resolves many critical issues faced by current platforms, offering huge improvements in security, development experience, and the introduction of new paradigms such as trustless P2P smart contract transactions
Ralph Programming Language:
Alephium introduces its own programming language, Ralph, designed specifically for dApp development.
Similar to Rust in syntax, Ralph allows developers to build efficient and secure smart contracts more easily than with languages like Solidity.
๐ฐ Alephium Tokenomics
Alephium has a hard cap of 1 billion ALPH tokens. At Mainnet Launch, an initial supply of 140M tokens was mined with the genesis block. The remaining supply will be mined over the next ~80 years.
The distribution consists of pre-sales, community development, treasury, team allocation, and mining rewards.
Additionally, transaction fees are burned with each block, and Proof of Less Work enables internal mining cost through burning when the hashrate and energy consumption are significantly high.
You may notice the tiny circulating supply here, I've linked a thread by @zkitbeats explaining more on the tokenomics here:
twitter.com/zkitbeats/status/1632066127881818112?s=20
๐ dApps & Ecosystem
Alephium is working on developing a decentralized exchange (DEX) similar to Uniswap, as well as an order-book style DEX.
This will cater to a diverse range of trading strategies and preferences. Additionally, the platform is focused on expanding its ecosystem by supporting NFT platforms, voting dApps, a decentralized name service, and much more.
Alephium aims to create a thriving ecosystem where developers can easily build a variety of applications, from DeFi protocols to gaming, and where users can seamlessly interact with these applications.
The Ralph programming language and Alphred VM provide a solid foundation for developers to create secure and efficient smart contracts, enabling the growth of this ecosystem.
๐ค Community & Partnerships
Alephium understands the importance of a strong community and strategic partnerships. They actively engage with users and developers through social media, forums, and developer resources.
This ensures that the platform remains relevant, accessible, and user-friendly.
Furthermore, Alephium is actively working on establishing partnerships with other blockchain projects, infrastructure providers, and industry leaders to promote cross-chain collaboration and the overall growth of the blockchain ecosystem.
๐ Security & Audits Alephium takes security very seriously. The platform undergoes regular security audits by reputable third-party organizations to ensure that its codebase and smart contract infrastructure remain secure and up-to-date.
This commitment to security helps maintain user trust and prevent potential vulnerabilities.
๐ Conclusion
Alephium is a next-gen sharded L1 blockchain that addresses many of the current limitations of existing platforms.
With its unique combination of scalability, programmability, security, energy efficiency, developer-friendliness and low MC. $ALPH has a good chance of seeing some growth.
Useful links:
To find out more, you can view all their links below:
linktr.ee/alephium