Thread by @Scorcher619

What is @Aleph__Zero $AZERO, and how are they solving the blockchain trilemma whilst creating a privacy-enhancing blockchain?

My most requested thread to date, so let’s dive in!
🧵👇
1/20

Before anything, you must understand the blockchain trilemma.

The idea is that no blockchain can effectively combine decentralization, scalability, and security, forcing them to ultimately sacrifice one "aspect" as a trade-off to accommodate the other two.
2/20

Additionally, many blockchains suffer from lack of privacy, making it extremely easy to track someone’s data/assets!

Enter @Aleph__Zero👇
3/20

#AlephZero has effectively been able to create a blockchain offering security, decentralization, scalability, speed, and low costs, all while utilizing private multi-chain smart contracts!

How is this possible?
4/20

Aleph Zero is a public DAG-based PoS blockchain, allowing for extreme scalability as the network grows.

In addition, Aleph Zero aims to become the first decentralized DAG-based platform with a large, rotating, random committee!

5/20

This structure ultimately allows @Aleph__Zero to achieve 89,600 TPS, .4 second confirmation time (instant finality), .0003 $AZERO txn fees, and peer reviewed proven security!

For reference, Solana can scale up to 60,000 TPS 😉

But this is just the tip of the iceberg 👀
6/20

#AlephZero has a groundbreaking solution to the privacy issue in blockchains!

Liminal is Aleph Zero’s privacy framework utilizing ZKPs and sMPCs, allowing users to take control of their own private data!

You must read this thread to understand how game-changing this is👇
7/20

TL;DR:
A ZKP allows one party to prove the knowledge of certain information to the other party without revealing the data in question.

In other words, a prover can prove they know X, without the verifier even knowing the contents of X!
8/20

sMPCs (secure multi party computation) allows for the distributing of a computation across multiple parties, where no individual party can see the other parties’ data.
9/20

For example, let’s say three coworkers want to compute their average salary, but they don’t want to reveal their private salaries to each other or 3rd parties.

Using an sMPC, they are able to calculate the average salary, without ever revealing their private salaries!
10/20

For an in-depth on how this works, read this👇
inpher.io/technology/wha…

These privacy solutions create limitless opportunities on the blockchain, as seen below👇
11/20

Oh, did I mention Liminal will be deployable on all main chains?!

That’s right, any network that bridges to Aleph Zero will be able to use Liminal for private cross-chain swaps👀
12/20

Because of this, don’t you think developers may want to utilize Aleph Zero as an ecosystem to deploy their dApps on, or as a layer (Liminal) to use on other chains?

Yeah, probably 😏
13/20

How about @Aleph__Zero Dapps?

Common DEX/wallet:

Due to ultra-low latency and privacy-enhancing design, Common will be a decentralized exchange that mitigates the Maximal Extractable Value (MEV) problem.

What does this mean?
14/20

On public blockchains like Ethereum, bots scan the mempool for any large transactions, and attempt to frontrun by simply paying a little more gas than the txn. Miners will always choose the highest paying gas fee to frontrun, sometimes even frontrunning trades themselves!
15/20

Since January 2020, it’s estimated that money stolen by front runners total nearly 1 billion dollars🤯.

Due to Aleph Zero’s privacy features, on @get_common, this is 100% eliminated, resulting in the user getting the MEV!
16/20

Oh, and Common will allow for efficient private transacting between blockchains such as @NEARProtocol, @kusamanetwork, @ethereum, and @solana!

Yes, it really is a private interchain DEX👀

Not to mention the Common wallet, allowing for universal private asset holding😏
17/20

How about the $AZERO token?
1. Menial gas fees
2. Discounts on swap and bridge fees
3. Node staking
4. Collateral for wrapped assets in Liminal
5. In addition, $AZERO holders will receive an airdrop of the $CMN, @get_common token!
18/20

Does a fully diluted mcap of 600 million dollars sound like a fair valuation for $AZERO? Nope

An interoperable privacy chain with almost double the TPS of Solana?

Doesn’t it seem obvious Aleph Zero will become the mass adopted chain?🤷‍♂️

Think of its real world use cases!
19/20

Thank you for reading
Like and retweet!

20/20