Week 1 - Crypto Project breakdown in 15 tweets or less
Feature: @Aleph__Zero | $AZERO
Value Proposition: Aleph Zero is a L1 DAG protocol set on solving existing, real-world challenges currently being faced by enterprises through security, scalability, cost, speed, & privacy.
Feature: @Aleph__Zero | $AZERO
Value Proposition: Aleph Zero is a L1 DAG protocol set on solving existing, real-world challenges currently being faced by enterprises through security, scalability, cost, speed, & privacy.
The Team (Main bios pic attached)
Others: A few Ph.Ds, advisors with years of experience in the blockchain space, and business experience at IBM, ABB, Stellar, Codewise, Capgemini, ING Bank, Admind Agency, TIBCO Software, and Riverbed Technology.
Others: A few Ph.Ds, advisors with years of experience in the blockchain space, and business experience at IBM, ABB, Stellar, Codewise, Capgemini, ING Bank, Admind Agency, TIBCO Software, and Riverbed Technology.
Security:
Distributed Ledger Technologies are immune to attacks as a result of decentralization. But they don't provide theoretical security guarantees, making them less practical for long-term use. Aleph Zero provides both practical and theoretical security guarantees.
Distributed Ledger Technologies are immune to attacks as a result of decentralization. But they don't provide theoretical security guarantees, making them less practical for long-term use. Aleph Zero provides both practical and theoretical security guarantees.
Scalability:
Existing blockchain protocols trade speed for security or vice versa. Aleph Zero is capable of processing transactions at lightning-fast speeds without compromising security and vice versa.
In the speed section we will compare $AZERO to competitors speeds.
Existing blockchain protocols trade speed for security or vice versa. Aleph Zero is capable of processing transactions at lightning-fast speeds without compromising security and vice versa.
In the speed section we will compare $AZERO to competitors speeds.
Cost:
Traditional blockchain protocols rely on monetarily and environmentally costly mining hardware; Aleph Zero is mining-free.
$AZERO is a DAG protocol. This is similar to blockchains but allow for higher scalability and high volume infrastructure building.
For Example..
Traditional blockchain protocols rely on monetarily and environmentally costly mining hardware; Aleph Zero is mining-free.
$AZERO is a DAG protocol. This is similar to blockchains but allow for higher scalability and high volume infrastructure building.
For Example..
Ethereum captures so much volume that the gas fees per txn currently are far too high to scale causing transactions to cost sometimes over 3 digits with delays.
Aleph Zero fixes this gas fee by removing the need for miners and uses the DAG Proof-of-stake consensus protocol
Aleph Zero fixes this gas fee by removing the need for miners and uses the DAG Proof-of-stake consensus protocol
Speed:
In a test environment, Aleph Zero processed 90,000 transactions per second (TX/s) with a 0.5s confirmation time. To put that into perspective, $ETH currently sits at 10 to 15 TX/s.
Other notable L1 competitors (with volume):
$SOL - 2.575 TX/s
$AVAX - 1-2 TX/s
In a test environment, Aleph Zero processed 90,000 transactions per second (TX/s) with a 0.5s confirmation time. To put that into perspective, $ETH currently sits at 10 to 15 TX/s.
Other notable L1 competitors (with volume):
$SOL - 2.575 TX/s
$AVAX - 1-2 TX/s
Privacy:
Aleph Zero is developing a multichain #privacy layer that can either be used within the ecosystem, or by developers working with other major chains.
Public and private ledgers will both be possible opening the door for enterprises that want a private ledger.
Aleph Zero is developing a multichain #privacy layer that can either be used within the ecosystem, or by developers working with other major chains.
Public and private ledgers will both be possible opening the door for enterprises that want a private ledger.
With privacy:
$AZERO's privacy framework will be based on ZK-SNARKs and secure multiparty computation (sMPC), making it one of the most unique privacy-preserving projects in the space.
This is more secure than Monero and the DAG concensus is more scalable.
$AZERO's privacy framework will be based on ZK-SNARKs and secure multiparty computation (sMPC), making it one of the most unique privacy-preserving projects in the space.
This is more secure than Monero and the DAG concensus is more scalable.
My opinion:
The current L1 competitive space is in the growth segment of the product life cycle. Most of these do not have a strong competitive advantage.
As we get to maturity, many L1s that cannot be transitioned into current infrastructure will enter the decline.
The current L1 competitive space is in the growth segment of the product life cycle. Most of these do not have a strong competitive advantage.
As we get to maturity, many L1s that cannot be transitioned into current infrastructure will enter the decline.
$AZERO is created for enterprises to incorporate the mainnet. Simply, this doesn't mean much by itself, however, Aleph is not coming out as vaporware.
Mainnet releases with the token this quarter. The protocol is peer-reviewed and lead by one of the strongest teams I've seen.
Mainnet releases with the token this quarter. The protocol is peer-reviewed and lead by one of the strongest teams I've seen.
The L1 solution can be incorporated right away and start their integration process. The team is overseas and has met all regulatory requirements. Personally, this is a long-term hold for me with the notion of it being used in the merger of blockchain with tradition enterprises.
Disclaimer: I purchased my tokens already through a secondary market pool who bought in the seed/funding/partner sale. Links will be provided for interested parties more expansive due diligence.
Check out links below for public sale information.
Current investors:
Check out links below for public sale information.
Current investors:
Important Links:
Twitter: twitter.com/Aleph__Zero
TG: t.me/AlephZeroFound…
Website: alephzero.org
What is DAG vs Blockchain: alephzero.org/blog/dag-vs-bl…
What is DAG Proof-of-stake consensus protocol: alephzero.org/blog/recycling…
Twitter: twitter.com/Aleph__Zero
TG: t.me/AlephZeroFound…
Website: alephzero.org
What is DAG vs Blockchain: alephzero.org/blog/dag-vs-bl…
What is DAG Proof-of-stake consensus protocol: alephzero.org/blog/recycling…
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