Aleph Zero AZERO Price

What is Aleph Zero (AZERO)?

Aleph Zero stands as a pioneering layer-1 public blockchain network engineered for unparalleled speed, security, and privacy in the realm of decentralized applications. Boasting a distinct Directed Acyclic Graph (DAG)-based consensus mechanism called AlephBFT, this platform marries Proof-of-Stake (PoS) with a DAG infrastructure, ensuring rapid transaction validation. Its integration with Substrate, while not a Polkadot parachain, establishes Aleph Zero's autonomous ecosystem, distinct from others in the blockchain sphere.

At the core of Aleph Zero's prowess lies its cutting-edge technology stack. Leveraging zero-knowledge proofs (ZKPs) and secure multi-party computation (sMPC), Aleph Zero prioritizes data privacy and security. This potent combination empowers users with control over data disclosure, ensuring information remains confidential until approved for access.

What sets Aleph Zero apart is its versatility, spanning over 40 actively developed use cases across diverse sectors. From supply chain management to decentralized domain name systems, asset digitization, and gaming platforms like DRKVRS, the platform offers a broad canvas for innovation. Developers are equipped with a range of programming languages like C, C++, Rust, and Python, facilitating the creation of a multitude of applications.

With the recent launch of its mainnet in November 2021, Aleph Zero propels itself toward enabling Web3 applications that match the speed and efficiency of traditional web systems. The native coin, AZERO, fuels the ecosystem, offering a bridge between scalability, security, and cost-effectiveness. As the network continues to evolve, plans to implement enhanced privacy features based on sMPC and ZKPs are underway, promising a delicate balance between transparency and confidentiality in the Web3 landscape.

What is unique about Aleph Zero (AZERO)?

Aleph Zero uniquely combines a Directed Acyclic Graph (DAG) consensus mechanism (AlephBFT) with Proof-of-Stake (PoS), prioritizing speed, security, and privacy in decentralized applications. It leverages zero-knowledge proofs (ZKPs) and secure multi-party computation (sMPC) for enhanced data privacy and confidentiality.

Who are the founders of Aleph Zero (AZERO)?

The founders of Aleph Zero are Hubert Ritzdorf and Philipe Comini.

Who are the backers/investors of Aleph Zero (AZERO)?

Genblock Capital, PetRock Capital, RR2 Capital, ExNetwork Capital, Moonwhale Ventures, Master Ventures, Kyros Ventures, Black Dragon Capital, BlockUnify, Node Kapital, Megala Ventures, JUN Capital, Block54 Capital and Supernova Fund.

What is the consensus mechanism of Aleph Zero (AZERO)?

Aleph Zero utilizes a Directed Acyclic Graph (DAG)-based consensus mechanism called AlephBFT, which combines elements of PoS with DAG infrastructure for rapid transaction validation.

Where can I buy Aleph Zero (AZERO)?

You can buy Aleph Zero (AZERO) on MEXC, HTX, KuCoin, WhiteBITBingX cryptocurrency exchanges.