Buy Aleph Zero (AZERO)

What is Aleph Zero?

Aleph Zero is a privacy-enhancing, Proof-of-Stake public blockchain designed to offer a scalable, secure, and decentralised platform for various use cases such as tokenization, financial services, gaming, and the development of decentralised applications (DApps). It features a Directed Acyclic Graph (DAG)-based consensus protocol, providing instant finality and privacy-enhancing features through secure Multi-Party Computation (sMPC) and zero-knowledge proofs (ZKP).

How does Aleph Zero work?

Aleph Zero operates using DAG technology to enhance transaction throughput and reduce costs. It integrates with the Substrate stack for improved speed, validation time, scalability, and security. Employing a modified Proof of Stake (PoS) consensus methodology, Aleph Zero uses a rotating committee of validators elected every 15 minutes. The AlephBFT consensus protocol, based on asynchronous Byzantine fault tolerance, ensures node communication despite potential malicious nodes. Zero-knowledge proofs and secure Multi-Party Computation enhance data privacy. The platform supports Turing-complete smart contracts suitable for high-complexity applications.

What are the potential use cases for Aleph Zero?

Aleph Zero's potential use cases span multiple industries:

• DeFi and Gaming: Projects like Common DEX, ABAX, Kintsu, DRKVRS, and Upcade leverage the network for decentralised financial services and gaming applications.
• Enterprise Solutions: Applications include supply chain management, notary services, decentralised DNS, and asset digitization.
• Smart Contracts and Privacy: Turing-complete smart contracts and privacy-enhancing technologies support complex and scalable services.

Partnerships with entities like Techstars and CAMARA further enhance its applications in blockchain solutions.

What is the history of Aleph Zero?

Aleph Zero was founded in 2018 in Zug, Switzerland, with a team comprising Ph.D. holders in mathematics, cryptography, and high-performance computing. The white paper was presented in 2019, followed by a seed funding round in 2020. The public sale and mainnet launch occurred in 2021. Key development phases included implementing and scaling the consensus protocol, launching native coin transfers, and integrating smart contract capabilities. Major updates have introduced enhanced privacy systems and an expanding market presence, with a community of over 200,000 individuals.