Aleph MEGA Thread.
We will discuss Web3, Tokenomics, Technology, Value and the Roadmap in order to help you understand Aleph and its' role in the future better.
$ALEPH #Aleph
/THREAD
We will discuss Web3, Tokenomics, Technology, Value and the Roadmap in order to help you understand Aleph and its' role in the future better.
$ALEPH #Aleph
/THREAD
In this thread we will discuss the following:
-An Executive Summary
-Problems vs Solutions
-Real World Use Cases
-Value Proposition
-Technology
-Tokenomics + Team
-Roadmap
-Price Metrics
/1
-An Executive Summary
-Problems vs Solutions
-Real World Use Cases
-Value Proposition
-Technology
-Tokenomics + Team
-Roadmap
-Price Metrics
/1
Let's firstly discuss the central aim of @aleph_im.
Aleph wants to decentralize and revolutionize the web and the cloud by building a layer 2 network solution especially focused on data storage and computing power for dApps.
/2
Aleph wants to decentralize and revolutionize the web and the cloud by building a layer 2 network solution especially focused on data storage and computing power for dApps.
/2
What does this actually mean, anon?
Well,
You can have smart contracts on Solana, which is great.
You can even do way more on smart contracts with money, which is great.
But for sustainable function you need a front-end. So you need to have storage for that front-end...
/3
Well,
You can have smart contracts on Solana, which is great.
You can even do way more on smart contracts with money, which is great.
But for sustainable function you need a front-end. So you need to have storage for that front-end...
/3
That’s not all.
A smart contract doesn’t have all the data that you need.
So you will need some kind of indexing to get the history and data for that.
Therefore you will need a back-end for that.
Thats where $Aleph comes in.
/4
A smart contract doesn’t have all the data that you need.
So you will need some kind of indexing to get the history and data for that.
Therefore you will need a back-end for that.
Thats where $Aleph comes in.
/4
We will now discuss the problem Aleph solves.
The blockchain industry aggregately faces huge barriers:
to be able to handle mass adopted applications with barriers such as scaling:
-UX/UI
-high costs
-interoperability
-speed
Amongst others...
/5
The blockchain industry aggregately faces huge barriers:
to be able to handle mass adopted applications with barriers such as scaling:
-UX/UI
-high costs
-interoperability
-speed
Amongst others...
/5
Let’s talk about this in terms of a current hot topic.
DeFi.
Most of the DeFi applications that we see have some centralized back-end behind them.
They’re running on AWS, perhaps on dedicated servers or other sort of centralized entities.
/6
DeFi.
Most of the DeFi applications that we see have some centralized back-end behind them.
They’re running on AWS, perhaps on dedicated servers or other sort of centralized entities.
/6
If a government wanted to shut down the DeFi protocol that is organized like that, they can.
With $Aleph they are trying to do is decentralize this “back end”, because for that last mile most projects are using AWS, so they need to decentralize AWS to ensure operability.
/7
With $Aleph they are trying to do is decentralize this “back end”, because for that last mile most projects are using AWS, so they need to decentralize AWS to ensure operability.
/7
The founder of Aleph.im had this to say:
“I really want DeFi to be totally resilient because until it’s totally decentralized, you can stop DeFi. When it’s totally decentralized, you can’t. If only the smart contracts are decentralized, you can still stop it.”
/8
“I really want DeFi to be totally resilient because until it’s totally decentralized, you can stop DeFi. When it’s totally decentralized, you can’t. If only the smart contracts are decentralized, you can still stop it.”
/8
So in terms of a solution to the aforementioned.
What does #Aleph provide?
#Aleph aims to provide a solution for dApps to store, exchange and compute data in a scalable and interoperable way which leads to a large number of use cases.
/9
What does #Aleph provide?
#Aleph aims to provide a solution for dApps to store, exchange and compute data in a scalable and interoperable way which leads to a large number of use cases.
/9
It will provide file storage for the front-end files. It will also provide database storage, because most applications are just databases.
They will provide this by having these properties:
-Cross chain
-Incentivised storage
-Being Scalable
-Secure
/10
They will provide this by having these properties:
-Cross chain
-Incentivised storage
-Being Scalable
-Secure
/10
The Real World Use Cases include:
-Cloud Computing
-A storage option for the Internet of Things
-Decentralised identity
-Data Storage
-Social Networks
-GDPR compliance
-ZK Rollup complement
/11
-Cloud Computing
-A storage option for the Internet of Things
-Decentralised identity
-Data Storage
-Social Networks
-GDPR compliance
-ZK Rollup complement
/11
Value Proposition:
The value proposition of Aleph.im is to provide an infrastructure where dApps can work without scalability or interoperability concerns.
They are building a network that dApps developers can leverage to build their decentralized...
/12
The value proposition of Aleph.im is to provide an infrastructure where dApps can work without scalability or interoperability concerns.
They are building a network that dApps developers can leverage to build their decentralized...
/12
applications that demand high computing power and storage.
In terms of the value for the users using a dApp powered by Aleph:
-a frictionless experience
-no additional plugins (e.g. metamask)
-no hold tokens to pay fees
-no transactional delays
/13
In terms of the value for the users using a dApp powered by Aleph:
-a frictionless experience
-no additional plugins (e.g. metamask)
-no hold tokens to pay fees
-no transactional delays
/13
Let us now cover what the underlying tech involves.
#Aleph is not a blockchain.
They accept messages from blockchains.
All the supported blockchains are accepted on the network, which means that that message that is signed by a material address is accepted on network.
/14
#Aleph is not a blockchain.
They accept messages from blockchains.
All the supported blockchains are accepted on the network, which means that that message that is signed by a material address is accepted on network.
/14
The whole system works with messages on the network.
Those messages are organized by channels.
The network keeps track of those messages.
When starting a node, you get the history of messages when connecting two blockchains to specific smart contracts on blockchain...
/15
Those messages are organized by channels.
The network keeps track of those messages.
When starting a node, you get the history of messages when connecting two blockchains to specific smart contracts on blockchain...
/15
Rather than from the other nodes.
When you send a network message, it gets stored by other nodes that are interested in your channel.
Even if one part of the network gets totally disconnected.
You can have one part that gets reconnected and recover all data with resync.
/16
When you send a network message, it gets stored by other nodes that are interested in your channel.
Even if one part of the network gets totally disconnected.
You can have one part that gets reconnected and recover all data with resync.
/16
The technical term for this is quality control.
They have core channel nodes, which are the controllers of the network that need to keep some Aleph stakers economically incentivised.
The resource nodes are really doing the work of storing data, providing computing.
/17
They have core channel nodes, which are the controllers of the network that need to keep some Aleph stakers economically incentivised.
The resource nodes are really doing the work of storing data, providing computing.
/17
There are greater details to be found on this Medium Article linked below:
/18
medium.com/@crypto8fi/2d7…
/18
medium.com/@crypto8fi/2d7…
Let us now scope the tokenomics.
#Aleph tokens have the following utilities:
-Instant payment for data storage, computing, and other services
-Incentives for nodes to provide storage and computing power
/19
#Aleph tokens have the following utilities:
-Instant payment for data storage, computing, and other services
-Incentives for nodes to provide storage and computing power
/19
The token is living on multiple blockchains such as Ethereum, Solana and a few others, but those are the most used today.
Utility: You need a token for your data to stay there. If you don’t have anymore tokens your data gets garbage collected.
/20
Utility: You need a token for your data to stay there. If you don’t have anymore tokens your data gets garbage collected.
/20
More intricacies.
For the core channel node you need to have 200,000 Aleph to start a node and 500,000 Aleph, staked on a node, so that it can start to run.
Circulating Supply is 184,266,831 ALEPH
Max supply is 500,000,000 ALEPH
/21
For the core channel node you need to have 200,000 Aleph to start a node and 500,000 Aleph, staked on a node, so that it can start to run.
Circulating Supply is 184,266,831 ALEPH
Max supply is 500,000,000 ALEPH
/21
They have many different pools use to improve growth within $Aleph:
The Innovation Pool (50M)
The Marketing Pool (60M)
The Incentive Pool (100M)
The unlock schedule and time period has been covered extensively in my Medium Article.
/22
The Innovation Pool (50M)
The Marketing Pool (60M)
The Incentive Pool (100M)
The unlock schedule and time period has been covered extensively in my Medium Article.
/22
Let us now discuss the Team.
The team is composed of 9 members and 3 advisors. The core team worked in NULS blockchain together before Aleph.
They are a very experienced team in different industries such as finance, cloud, consulting, law, software and more.
/23
The team is composed of 9 members and 3 advisors. The core team worked in NULS blockchain together before Aleph.
They are a very experienced team in different industries such as finance, cloud, consulting, law, software and more.
/23
Here are some names for reference points:
Jonathan Schemoul Founder / Lead Developer
Angel Manzano Alcaraz Senior Developer
Claudio Pascariello Senior UI/UX Designer
Jonathan Quali Business and Partnerships Development
/24
Jonathan Schemoul Founder / Lead Developer
Angel Manzano Alcaraz Senior Developer
Claudio Pascariello Senior UI/UX Designer
Jonathan Quali Business and Partnerships Development
/24
Here is a thread by @aleph_im, less than 24 hours ago that summarises their roadmap for Q1 and Q2 of 2022.
/25
/25
https://twitter.com/aleph_im/status/1477950472573095940?s=20
Price Metrics.
Current Price — $0.6378
Market Rank — #414
Market Cap — $117,643,989.05
Fully Diluted Market Cap — $319,221,827.51
$Aleph token bottomed out at 0.124 earlier this July (2021). It has broken ATH since then and is retesting.
/26
Current Price — $0.6378
Market Rank — #414
Market Cap — $117,643,989.05
Fully Diluted Market Cap — $319,221,827.51
$Aleph token bottomed out at 0.124 earlier this July (2021). It has broken ATH since then and is retesting.
/26
It is hard not to be bullish about $Aleph especially with the upcoming events just in Q1 of 2022.
In combination with other narratives we have discussed such as "OR" or Zero Knowledge Proof, a decentralised data storage solution would work very well in cohesion.
/27
In combination with other narratives we have discussed such as "OR" or Zero Knowledge Proof, a decentralised data storage solution would work very well in cohesion.
/27
If you would like to read the extensive research report, it has been linked below:
link.medium.com/oScTTCJtwmb
link.medium.com/oScTTCJtwmb
Thanks for reading! If you enjoyed this MEGA thread on $Aleph, please do me a favor!
To get this thread out to more people who don't know about #Aleph, it'd help if you Retweet the first tweet linked below👇:
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