Aleph Zero

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1/Monday 🧵 - @Aleph__Zero #AlephZero is a Layer 1 #blockchain that is built on an innovative peer-reviewed consensus mechanism and a substrate stack. $AZERO is a fast, scalable, and developer-friendly proof-of-stake public blockchain with private smart contracts and a #DAG.

2/#Substrate is a framework for building #blockchains, designed to be agnostic over consensus mechanism and other components. e.g. With it, it is possible to write a free-standing chain , that runs #PoW or many different kinds of #PoS.

3/#Substrate was chosen as smart contract layer as the codebase given its versatility and open source status with development backed by the #Web3 Foundation. Leveraging on it, the team decided to invest time and resources in other areas where they can truly innovate.

4/@Aleph__Zero is an #layer1 protocol aimed at addressing the famous #blockchain trillemma and the difficulties faced by organizations in the areas of security, #scalability, cost, speed, & privacy Enterprises may use $AZERO to integrate the mainnet.🏭

5/@Aleph__Zero #protocol is unique in that it focuses on creating privacy-preserving #DLT using ZK-SNARKs encryption and Secure Multi-Party Computation (sMPC) The initiative intends to give solutions to current infrastructure constraints in automotive, IoT, and healthcare..

6/Are you wondering about ZK-SNARKS? Have a look on our latest thread! twitter.com/daolectic/status/1495391976291586049

#sMPC requires off-chain storage of sensitive data on several nodes that may be accessed only when they have established a secure connection. Without universal agreement, no-one may access the encrypted information. The link between sMPC within DAGs? 🤔 urly.it/3hz60

7/The #AlephZero ecosystem is composed of 3 components: ⬇️ 1) Infrastructure layer Innovative asynchronous and Byzantine fault-tolerant DAG-based consensus system powers A0 (#AlephBFT) with #PoS consensus The #Substrate stack now includes AlephBFT to encourage adoption.

8/ 2) #Liminal, the privacy layer This framework emphasizes the benefits of ZK-SNARKs and Secure Multi-Party Computation. Limina's hybrid solution is unique in today's market. A standalone multi-chain privacy #layer for other #blockchains connected to @Aleph__Zero ..⬇️

..These two tools complement one other by addressing their respective difficulties. #ZK-SNARKs are quick for basic transfers but not for multi-user interactions or global private states. #sMPC may create a global private state without disclosing each #transaction's value.

9/ 3)Common wallet #Common is a #decentralized exchange (#dex) and dark pool whose goal is to eliminate front-running. Front-running happens when a transaction is queued with knowledge of an upcoming tx, and the former transaction profits at the expense of the latter.

10/Traditional #blockchain systems need expensive #mining gear; Aleph Zero does not. Being a #DAG, $AZERO provides more scalability and volume compared to #blockchains. Talking about speed, it tested an outstanding 90,000 TX/s with 0.5s confirmation time.

#A0 uses a PoS consensus where a rotating panel of validators chooses the #blockchain's state. The DAG is employed as an intermediate data structure, resulting in subsecond finality. #DAGs provides quicker transaction speeds, increased throughput & cheaper transaction fees

11/#DeFi application cases and enterprise pilot initiatives in the healthcare and automotive industries are presently being developed by the @Aleph__Zero team Due to performance concerns, there is no #EVM support by design but a #rollup might be EVM compatible in the future.

12/The team and foundation are based in Zug 🇨🇭 The CEO @matthewniemerg has extensive DLT expertise and is a Simons-Berkeley Fellow! Other co-founder members with academic achievement include: @AntoniZolciak - COO, CMO @gagoladam - CTO Michał Świętek - Head of Development

13/ Other DAG-based solutions compete with #AlephZero Today's most popular are @FantomFDN and @Hedera Hashgraph. However, it should be emphasized that competitors includes also most of the existing smart contract platforms, along with permission blockchain for enterprises.

14/ #AlephZero has developed collaborations and investment agreements with several parties and they have joined with @chain_security to offer value to #blockchain initiatives. The comprehensive list of partnership include @thecryptovalley @BlackDragon_io @DiamondAtlasC

15/ The project has a positive valuation in terms of its objectives, which may attract highly motivated consumers, #developers, partners, & businesses with a sizable potential market. The experienced leadership team & strong alliances can make the difference in the #crypto space

16/ @Aleph__Zero team announced a collaboration with @trailofbits that conducted a positive thorough security analysis of the #AlephBFT protocol and its integration with the #Substrate platform. It provide an additional #layer of trust in the platoform's adoption and development

17/Don't miss out more insights in our latest Medium story! Check the link in Bio! 📚 @CryptoGodJohn @dallocrypto @DiamondAtlasC @0xMarcuss @Aleph__Zero #alephzero #blockchain #crypto $AZERO