Thread by @Crypto8Fi

A MEGA Thread on Aleph Zero:

$AZERO is a privacy enhancing blockchain that has been under the radar for too long.

Let's explore it in more depth...

/THREAD 🧵

Aleph Zero is a Layer 1 blockchain based on an original peer-reviewed consensus protocol and a substrate stack.

#AZERO is a proof-of-stake public blockchain 3.0 with private smart contracts and a DAG that is fast, scalable and developer friendly.

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We will define key concepts like a "DAG" (directed acyclic graph) later when discussing the architecture.

#AlephZero, founded in early 2018 aims to solve key financial industry problems, central to which is the issue of privacy.

Let's talk more about the problem it solves..

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The broader goal of Aleph Zero is to return individuals data commodities to them through private smart contracts.

A controversial issue being how huge centralised entities like Facebook have control over our information.

An article covers this here:

independent.co.uk/news/world/ame…

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The majority of blockchains who claim to solve the trilemma cannot solve this privacy component.

Smaller networks are attacked on a daily basis and are at risk of side channel attacks

$AZERO aims to retain privacy whilst not sacrificing:

-Security
-Cost
-Scalability
-Speed

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Security:
Having a leader can lead to denial of service attacks. Well timed attacks can bring down validators.

Cost:
PoW blockchains are often considered the most secure. They require intensive computational power and hardware with a lifespan to mantain this security.

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Speed:
Blockchains face trade-offs. They may be sacrificing TPS (transactions per second) and confirmation times for security.

So how does @Aleph__Zero aim to solve these issues?

They plan on offering zero knowledge proofs and sMPC.

But what does this mean?

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Zero Knowledge Proof:

The idea behind ZK-SNARKs is to allow the prover, to produce concise proof that convinces the verifier that the “prover” is performing only correct computations on its data.

Nothing about the “provers” personal data is revealed to the verifier.

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Multi party computation.

The second solution #sMPC involves keeping sensitive information off-chain on several nodes.

This data can only be accessed if the nodes conduct a secure handshake.

No one computer can access the encrypted contents without a unanimous consensus.

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As a solution, how do they work.

Multi party computation is secure but slow.

These two solutions complement each other by eliminating their respective problems.

ZK-SNARKs quickly allow for basic transfers yet are incapable of dealing with multi-user interactions.

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What ZK-SNARKs are not capable of achieving is a "global private state".

MPC can be used to implement a global private state, an example of which would be a DEX based on an AMM without the need of revealing the value of each transaction.

High level security but with speed.

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This where Aleph Zero offers Liminal.

Liminal offers added security and privacy measures while serving as a portal to other blockchains.

Transactions will be supported between platforms with bridges to Aleph Zero—Ethereum, Near, Kusama, Cosmos and more...

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Let's discuss the architecture.

$AZERO makes use of DAG with a PoS consensus algorithm which specifically:

-Increases transaction speeds
-Increases level of throughput
-Lower transaction fees
-More feasible for mass adoption

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For further reading:

alephzero.org/blog/aleph-zer…

As with any Layer 1 blockchain, the individual use cases are always key.

Aleph Zero's hybrid privacy and decentralised model allows for a vast range of use cases including:

Internet of things
Smart contracts
Supply chain management
Virtual game assets
Decentralized DNS...

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Universal wallet and DEX
Asset digitization
Notary signatory
Transparent Public document access
Automatic tax payment
Databases
Automatic payments and shared revenue agreement

Each use case been explained in depth within this document:

alephzero.org/wp-content/upl…

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Moreover,

Aleph Zero has an incubator- the Cardinal Cryptography team and is partnered with #Chainsecurity which audits security.

The ecosystem is only at its very early stages.

Providing grants, ensuring and guiding complicit security will only stand to benefit $AZERO.

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As an investor, Tokenomics are key to investment within a project,

Ticker: AZERO
Token Type: NATIVE
TGE: 03/2021
Hard Cap: $14,850,000
Initial Circulating Supply: 180,000,000
Initial Market Cap: $18,000,000
Total Supply: 300,000,000
Fully Diluted Market Cap: 30,000,000

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The $AZERO coin will be powering Aleph Zero ecosystem:

-Get discounts on swap fees on Decentralized Exchanges.
-Get discounts on fees for asset-wrapping and use of Liminal bridge.
-Collateral for wrapped assets in Liminal.
-AZERO will be used for Validator node staking.

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Moving on to the team @Aleph__Zero.

Based in Switzerland, the Foundation comprises of approximately 20 team members.

@matthewniemerg (CEO) is a Simons-Berkeley Fellow, and an IBM Center of Excellence Fellow in High Performance Computing with comprehensive DLT experience.

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Other key members with academic success include but are not limited to:

- @mateuszgorecki | Creative director
- Adam Gagol | Co founder, CTO
- @LukaszLachowski | Senior Developer
- Michael Swietek | Co foundeerr, CPO
- Damian Straszak | Senior Developer

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Before we address the roadmap and partners.

Let's summarise.

Aleph Zero is a comprehensive blockchain project comprising multiple elements.

With their DAG (Consensus), Oracle, Cloud decentralized file storage (IFPS), scalable & private smart contracts, DEX...

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And dark pools coupled with a universal trustless wallet (Common).

Aleph Zero ecosystem will synchronize with other blockchain protocols (e.g. wrapped assets, bridge).

This is making it one of the most ambitious Layer One blockchain projects in crypto.

Roadmap now...

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There are 6 phases.

In progress is phase 3.

-Native token transfers
-Polkadot.js working with A0
-Rust implementation of AlephBFT consensus
-Validators rotating based on centrally managed authority list

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All phases in detail can be found here:

alephzero.org/roadmap

If #alephzero can complete these phases successfully...

Which I believe it can, looking at the team and delivery so far.

Then it holds so much potential. Think Layer 1 market caps.

It will be a project to watch this year.

Especially after exchange listings occur.

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If you enjoyed this thread, please give me a follow @Crypto8Fi, I do deep fundamental analysis on altcoins.

You can also check out my Medium page, where I will be posting more alpha content:

medium.com/@crypto8fi

Last thing. I hope you enjoyed this thread, dear reader.

Do you want to get this thread out to more people who don't know about $AZERO?

If so, please give that first tweet a "retweet", linked below:

https://twitter.com/Crypto8Fi/status/1479484140517048321?s=20