Aleph Zero Information

Aleph Zero is a public blockchain designed with advanced privacy capabilities and is smoothly integrated with the Substrate stack. The substrate serves as a framework empowering developers to create bespoke blockchains tailored to specific use cases.

Aleph Zero is a layer-1 blockchain powered by the AlephBFT consensus algorithm, a peer-reviewed protocol capable of handling asynchronous Byzantine failures. This means it remains operational even in the presence of malicious or non-functioning nodes.

Employing Byzantine Fault Tolerance (BFT), Aleph Zero ensures robust and transparent communication between nodes, maintaining network integrity even with potentially harmful nodes present. The BFT consensus framework operates on the principle that the blockchain stays secure as long as a majority (more than two-thirds) of the nodes are honest, despite a minority (less than one-third) being malicious.

Aleph Zero innovatively incorporates rotating committees to manage the challenges of decentralized BFT implementation. This system alternates the groups of nodes responsible for transaction validation, making it harder for malicious nodes to collude and compromise the network.

Additionally, Aleph Zero enhances security through asynchronous operations, allowing nodes to function independently without needing immediate responses from others. This enhances the network’s resilience to disruptions.

AlephBFT integrates Proof of Stake (PoS) and Directed Acyclic Graphs (DAGs). PoS enables nodes to engage in the consensus process via token staking, while DAGs facilitate parallel transaction processing, boosting scalability. This blend of BFT, DAGs, and asynchronous operations positions Aleph Zero as a highly secure and scalable blockchain, enhancing transaction speeds, throughput, and reducing transaction costs.

Azero currently has a circulating supply of around 266.79M as of January 2024. Characterized by its inflationary design, Azero releases 30M tokens each year as staking rewards. This approach positions Azero with a potentially unlimited supply over time. As of the present, there is no specific mechanism in place for burning Azero. However, the door is not closed on this option. As the ecosystem around Azero continues to evolve and expand, the introduction of a coin-burning strategy remains a possibility, which could impact the token’s overall supply dynamics in the future.

The Aleph Zero team is driven by innovative individuals such as Adam Gągol, Michał Świętek, Antoni Żółciak, and Matthew Niemerg, each contributing diverse expertise.

Dr. Adam Gągol, with a Ph.D. in mathematics, has notably advanced the probabilistic method in combinatorics. Antoni Żółciak brings over ten years of tech marketing experience, collaborating with giants like ING, Samsung, and Sony. Dr. Matthew Niemerg’s expertise spans distributed ledger technology and cryptography.

Together, these co-founders also lead Cardinal Cryptography, a respected firm in cryptography consulting and a key development partner for Aleph Zero. The team’s collective vision is to build robust, decentralized systems, and address the challenges of the metaverse and Web3, with a strong focus on security.

The technological prowess of Aleph Zero is exemplified in its innovative privacy layer, “Liminal”. It is engineered to foster a more confidential environment for users, employing cutting-edge privacy enhancement tools such as ZK-SNARKs and secure Multi-Party Computation (sMPC).

ZK-SNARKs enable network users to verify possession of certain data without disclosing the actual content. For instance, a user can demonstrate their ability to purchase an item without revealing their account balance. This feature enhances privacy by concealing sensitive information while still providing necessary validation.

sMPC involves multiple computers that collectively store and process incoming data. These systems carry out complex computations and verify transactions without exposing the individual inputs from each user. This method ensures the confidentiality of each participant’s information within the network.

The integration of ZK-SNARKs and sMPC forms the core of the Liminal privacy layer. ZK-SNARKs play a critical role in confirming the integrity of transactions without revealing underlying data, while sMPC takes charge of finalizing these transactions. This synergistic combination of ZK-SNARKs and sMPC results in a groundbreaking privacy layer that stands out in the realm of blockchain technology. It offers an enhanced level of privacy and security, setting a new standard for confidential transactions in the blockchain space.

Aleph Zero, with its bespoke blockchain technology and network, offers a realm of almost unlimited possibilities. Developers have the opportunity to leverage Aleph Zero’s multi-layered architecture to craft a variety of applications. The full scope of what Aleph Zero will provide in the future remains open-ended, given its flexible and evolving nature. Already, various organizations from sectors like the cryptocurrency market, legal advisory, and software development have announced plans to utilize the Aleph Zero network.

Aleph Zero implements a staking system where rewards, derived from the network’s inflation, are distributed to validators and nominators. This system not only incentivizes token holders to stake their coins, thereby benefiting from maintaining their holdings, but it also plays a crucial role in ensuring the security of the ecosystem. Additionally, the staking process withdraws tokens from active circulation, potentially leading to a deflationary effect on the token supply in the open market.

In the realm of decentralized finance (DeFi), Azero coins find their utility on platforms like Common, a decentralized exchange (DEX). Here, AZERO can be used to pay for transaction fees or gas fees. Furthermore, Aleph Zero’s design includes features that streamline the user experience, such as functions that abstract away the complexities of transaction fees, making DeFi transactions more user-friendly and accessible. This application of Azero in the DeFi space exemplifies the practical utility of the token within Aleph Zero’s expanding ecosystem.

• Network Name: Aleph Zero ($AZERO)
• UCID: 11976
• Explorer URL: https://alephzero.subscan.io/

Azero has not been listed on several major exchanges, presenting potential growth opportunities upon future listings. Currently, Azero can be acquired on the following notable platforms: MEXC, KuCoin, Gate.io, HTX, Uphold, Bitrue, BitGet, and BitMart.

Currently, Azero is not supported by Trezor. However, other hardware wallets such as Ledger and Tangem (this is a hardware wallet that enables users to manage their assets seamlessly through an app with a simple tap of the Tangem card on their phones) both support storing Azero. Mobile apps such as Nova also support holding Azero.

• Website: https://alephzero.org
• Telegram: https://t.me/AlephZeroFoundation
• Twitter: https://twitter.com/Aleph__Zero
• Discord: https://discord.com/invite/alephzero
• Whitepapers: https://docs.alephzero.org/aleph-zero/explore/whitepapers