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