What is Aleph Zero ($AZERO)? What role does it play in the Crypto World?
Aleph Zero, a privacy-enhancing public blockchain built on a novel peer-reviewed consensus mechanism, addresses the drawbacks of existing distributed ledger technology platforms by providing greater speed, validation time, scalability, and security.
Directed Acyclic Graph (DAG)
Its unique, Directed Acyclic Graph (DAG)-based consensus protocol has been peer-reviewed and presented at an ACM conference. Its enterprise-ready, high-performance network is based on this protocol. Aleph Zero is a blockchain that makes use of the DAG as an intermediary data structure.
Use of secure multi-party computation (sMPC) and zero-knowledge proofs (ZKPs)
Aleph Zero’s ultimate objective is to enable SMBs and organizations to connect at a speed that is comparable to that of standard internet communication while still taking advantage of the advantages of decentralization.
The use of secure multi-party computation (sMPC) and zero-knowledge proofs (ZKPs) to guarantee the security and privacy of user data is a major feature.
Aleph Zero’s team has created a method that appoints a revolving committee of randomly selected individuals to deliberate on the future of the network in order to ensure that the protocol remains decentralized. To spread out the network as much as possible, Aleph Zero will be aiming for far larger numbers than the conservative starting point of 128 nodes for this committee.
Aleph Zero’s Ecosystem
The network serves as a foundation for cutting-edge initiatives that make use of functions like private smart contracts and the speed of the AlephBFT consensus protocol.
These comprise network-native DAPPs and solutions, in addition to third-party integrations and ongoing collaborations with development groups, launchpads, and validators.#
The Ecosystem consists of:
- AlephBFT Consensus: A novel DAG protocol
- Aleph Zero Cloud: A decentralized file storage solution supported by IPFS
- Smart Contracts: Scalable, self-executing, private smart contracts that will soon include added privacy capabilities via Liminal
- Common: A decentralized exchange (DEX) with a trustless universal wallet
- Liminal: A multichain privacy layer usable across all networks that bridge to Aleph Zero
- Future infrastructure use cases
Team Members
Founders: Adam Ggol, Matthew Niemerg, Micha Witek, and Antoni óciak
More than 30 people are currently part of the Aleph Zero team, which is still expanding and contributing to the adoption and development of the network.
The Aleph Zero community is active on numerous social media platforms and has enthusiastic users, partners, and ambassadors.
Roadmap
At the time of writing, according to the Aleph Zero team, the project is in Phase 3. It’s currently in progress with:
- Native token transfers
- Polkadot.js working with A0
- Rust implementation of AlephBFT consensus
- Validators rotating based on a centrally managed authority list
- Validator elections
- The basic node update mechanism
- Basic smart contract capabilities
- Benchmarks for Aleph-node and AlephBFT
What Crypto Wallets support storing Aleph Zero (AZERO)
Aleph Zero has a native wallet of its own. It can be found by visiting https://azero.dev/#/explorer.
Aleph Zero also supports third-party wallets, which include:
- Nova Wallet
- SubWallet
- Talisman
- Vulture Wallet
We always recommend our customers perform their due diligence and research into any platform they are looking to start using. You may find some general information regarding various wallets on our Wallet Guides page.
Aleph Zero (AZERO) Resources
Website: https://alephzero.org/
Block Explorer: https://alephzero.subscan.io/
GitHub: https://github.com/aleph-zero-foundation
Twitter: https://twitter.com/Aleph__Zero
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers' responsibility to complete their own research and due diligence.
