95679 (@95679) • Hey
95679 (@95679) • Hey
Publications
- @ZkSync Raised Almost $500M in Funding! That's 4 Times MORE than what @Arbitrum Raised. And ZkSync Just Launched ERA Mainnet! The #Airdrop MUCH BIGGER than Arbitrum is Coming...
- Hello wolrd
- have a nice evening guys! $ AZERO contract is coming on 29th MAR. Send it 100$
- This Wednesday, @pete_urinsky from $AZERO #AZERO will deliver workshops on building smart contracts in Rust/ink! during #ETHDenver. Over developers have signed up already! LFG $AZERO
- $ZZ airdrop data
Today ZigZag released their airdrop information. Over 110,000 addresses qualify to claim $ZZ
- $AZERO was in a downtrend since august with constant lower highs
Finally broke above 2 LH's, lets see if we can get a daily close above null.
Could be the start of a new uptrend for azero
Smart contracts coming soon ⏳
#AZERO
- Discussing open value exchange, trusting the code, and reducing the amount of intermediaries on a
@Poland20summit
panel with:
👤
@HelenHaiyu
,
@binance
;
👤Leandro Nunes,
@nChainGlobal
;
👤Agata Slater,
@IBM
;
👤our own
@AntoniZolciak
.
Thank you for having us! 🙌
- $AZERO
is part of my 100x portfolio and here's why 💎👇🏽
▪️Privacy enhancing, public DAG-based PoS L1 blockchain
▪️Offering security, decentralization, high scalability, high speed and low costs
▪️ZKP and sMPC for private multi-chain smart contracts
▪️Rapidly growing ecosystem
- Hello world, my new profile!
- 🚨BREAKING NEWS🚨
Today
@Aleph__Zero
is at #EUSW2022 Oct 3-6 in Prague
As part of the conference:
@AntoniZolciak
will participate in a panel discussion titled "Space & The Metaverse" $AZERO & #Web3 #Space 🚀
Check out more information: https://euspaceweek.eu 🔥
- Do you like it? look at $THOL #Angelblock #NFTs #NFT $AZERO #AZERIAN #AZERO_FAM
- For the past 2–3 years development of the blockchain ecosystem has been quite fast-paced. Earlier, the priority was to provide decentralized pseudonymous transactions. Now, the industry is focused on enabling enhanced privacy features along with quick transactions.
One such protocol is Aleph Zero. It envisions providing a privacy-enhancing public blockchain. The blockchain is based on an original peer-reviewed consensus protocol aiming to solve the blockchain trilemma of decentralization, scalability, and security.
Moreover, this is not a regular blockchain just supporting transactions and development of smart contracts or decentralized applications (dApps), it offers a wide range of functionality.
Aleph Zero Is Not Just a Blockchain
Aleph Zero attempts to go beyond just being a blockchain network. It is fast as it achieved 89,600 Transactions Per Second (TPS) with a 416 ms confirmation time in a decentralized test setting of 112 Amazon Web Services (AWS) nodes.
Further, it provides private smart contracts based not only on Zero Knowledge proofs but also takes advantage of Secure Multi-Party Computation concepts. Also, this privacy framework is being built on software, making Aleph Zero independent of external vendors.
The transactions are monetarily efficient by levying a fee of 0.0003 $AZERO. To prevent spam, Aleph Zero implements dynamic fee adjustments.
File storage is also decentralized on the network, as it uses the Application Programming Interface (API) for integration into InterPlanetary File System (IPFS) as well as proprietary data solutions.
For off-chain communication, the network has its native Oracle service in collaboration with SupraOracles.
A crucial element of Aleph Zero is the “hub and spoke” model, which allows businesses to have a spoke or private instance, that interacts with the main decentralized ledger in a trustless & efficient manner while maintaining their own private networks.
Aleph Zero is built through the Substrate SDK. It is a blockchain SDK used by developers to create the parachains that make up the Polkadot network.
Substrate SDK uses the GRANDPA consensus mechanism by default. Since Aleph Zero has been built
on it, it may have also used GRANDPA. But now Aleph Zero has its own consensus algorithm called AlephBFT.
Consensus Mechanism
Aleph Zero is a layer-1 blockchain powered by the AlephBFT consensus algorithm, a peer-reviewed protocol that can tolerate asynchronous byzantine failures. It was presented at the Advances in Financial Technologies (AFT) 2019 conference in Zurich.
This protocol is a variant of the Proof of Stake (PoS) consensus mechanism combined with Directed Acyclic Graphs (DAG).
Under this system, there is a rotating committee of validators that verifies the veracity of the state of the blockchain. Validators have to get selected for the committee through a random election system. A committee will be chosen every 15 minutes that will validate transactions. So 96 unique committees are selected throughout the day.
DAGs are a type of data structure that has no directed cycles. They allow for faster transaction speeds, higher throughput, and significantly lower transaction fees.
DAG essentially is used for the ordering of transactions. It acts as an auxiliary structure in the parallel process of transaction validation.
On the other side of the consensus mechanism is the Byzantine Fault Tolerance (BFT) architecture ensuring effective and transparent communication between the nodes. It can function well if 2/3rd of the nodes are acting honestly.
In a traditional PoS setup, if validators are found acting maliciously, their staked crypto or collateral is slashed or partially confiscated. Aleph Zero on the other hand has opted for an on-chain governance mechanism that employs a freezing mechanism. It refers to the temporary suspension of capital staked by the suspect.
This is followed by an investigation to check whether it was an internal error or the node was actually acting maliciously. The result varies case by case. Aleph Zero claims this is a fairer approach than the traditional slashing one.
Decentralizing Validation
Community Validators Program
Initially, the foundation nodes will possess special privileges and will keep a supermajority. Gradually more third-party validators will be allowed to enter the network. In the end, the foundation nodes will also be subjected to the election process.
Privacy Framework
Multichain Privacy Layer for Web 3.0
Aleph Zero is well known for its privacy layer called Liminal.
Liminal offers innovative security measures based on a combination of “zero-knowledge” proofs (ZK-SNARKs) and Secure Multiparty Computation (sMPC).
ZK-SNARKS or “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge” produce concise proof that can be used to convince the verifier that the “prover” is performing only correct computations on its private data. They do not reveal any information beyond the validity of the statement itself. For example, given the hash of a random number, the prover could convince the verifier that there indeed exists a number with this hash value, without revealing what it is.
The other solution, (sMPC) involves keeping sensitive information off-chain on several nodes. The information can be accessed if the nodes conduct a secure handshake. No single player can access the encrypted contents without a unanimous consensus.
Aleph Zero claims that ZK-SNARKS can be useful for basic transactions and to verify the private state. sMPC helps implement the concept of a global private state by keeping sensitive information anonymous.
Tokenomics of AZERO Coin
The medium of exchange of value in the Aleph Zero ecosystem is the AZERO coin.
Its supply is capped at 300 million coins with an annual inflation rate of 30 million coins. So, every month 2.5 million may come into circulation. 10% of these tokens will be redirected to the treasury per year.
Inflation Mechanism
Aleph Zero has allocated 23% of the tokens to the Aleph Zero Foundation and 10% to the team. Most of the tokens. Most of the Aleph Zero Foundation’s holdings will be used for research and development, marketing, operations, as well as ecosystem incentives and other operational expenses like the ecosystem fund.
As the project would become more decentralized, the community will be also able to vote on non-core spending of the treasury.
Funding Rounds, Vesting Schedule, Distribution
The whole vesting schedule is as follows:
Staking
To become a validator you must stake 25,000 $AZERO and meet the hardware criteria.
Every period a definite number of rewards are distributed. In each era, both validators and nominators are rewarded a constant amount of tokens, which is approx 73 921 tokens, calculated as 0.9 * 30 mln tokens divided by 365.25 — the average number of days in a Julian year.
Rewards are split between nominators, validators, and treasury:
90% goes to nominators and validators
10% goes to the treasury
To become a nominator on Aleph Zero, a minimal stake of 100 AZERO will be required.
Roadmap Ahead
As of now, phases 3 and 4 are underway.
Phase 5 will enable the community to operate DevNets, bridge 1.0 (for Ethereum and Kusama), account explorer, and a custom web wallet.
Phase 6 will begin with experimental transaction fees, bridges 2.0 (Polkadot, Cosmos, and BSC), an improved node update mechanism, an explorer, and other things.
Things to Look Out For
Aleph Zero is still not a mature protocol. It does not have a huge ecosystem of projects.
Further, it has just 70 community validators. So the network is on path to decentralization. Still it needs to do better.
Also, users may prefer a reputed oracle like Chainlink which is blockchain agnostic. It has more integrations and more data.
Regarding the tokenomics, just 1/3rd are in the hands of the public. Rest of the tokens are with the foundation or the investors.
The community also is not that big. Its Telegram and Discord communities have around 10 thousand members each. For a blockchain network, it is not a good number. Therefore, it may take more time to reap network effects.
Attracting users is difficult for the blockchain due to the less number of offerings.
Conclusion
Aleph Zero is one of the most promising protocols in the space. Considering its emphasis on privacy it may become more popular with time. However, other blockchains are also improving their privacy capabilities and slowly moving towards providing enterprise solutions.
So, it may need to develop faster to remain in the race.
- $AZERO Smart Contracts launching very soon.
I prefer to invest in Innovation and in the future.
#AZERO #FUTURE
- GM $AZERO #AZERIAN #AZERO_FAM
- $AZERO That's why it works
-SCALABILITY
-DECENTRALIZATION
-PRIVATE SMART CONTRACTS
-NEAR-FREE TRANSFER TRANSACTIONS
-AUDITED SECURITY
-DEX & DECENTRALIZED DARK POOL
-HUB AND SPOKE OPERATIONS MODEL
-FILE STORAGE
@Aleph__Zero
- $AZERO Received A Very High Review Score Of 9.2 | 10 by Web3reviews
• Impressive Scalability
• Next Level Decentralisation
• Affordable Transaction Fees & Great Security
1. Impressive Scalability
Up to 100,000 TPS in a fully decentralized system.
-> 112 nodes scattered across five continents in a test simulation of sample transactions.
#AZERO $AZERO
2. Next Level Decentralisation
Aleph Zero is a DAG-based system, but it achieves decentralization by using a sizable, rotating, and random committee.
3. Affordable Transaction Fees
On average, a network transaction costs 0.0003 #AZERO.
4. Great Security
$AZERO Consensus Protocol has been officially reviewed by peers and accepted for publishing in the Advances in Financial Technology 2019 conference proceedings.
- Reminder, that $AZERO has 10% inflation only for the FIRST year, not every year.
Best to use the exact amount of 30M yearly, but if you must use percentages, below is what they are for the next few years.
Year 1: 10%
Year 2: 9.09%
Year 3: 8.33%
Year 4: 7.69%
Year 5: 7.14%
- The Aleph Zero team is happy to contribute $AZERO bounties for
@ETHWarsaw
hackers willing to ship awesome products! 🚀
Hack, code, win, and join the upcoming incubation program to turn your ideas into real-life solutions. 🎉
Let's turn Warsaw into a #BUIDL city for the weekend!
- Do you agree with the cup and handle?
#AlephZero continues to evolve. And the upcoming smart contract
Please put this gem in your bag before $AZERO go to the moon.
@Aleph__Zero
#layer1 #DEX #altcoin
- Aleph Zero and Cardinal Cryptography are excited to partner with
@supercolony_vs
, a venture studio primarily working on Substrate and ink! ecosystem tooling. 🎯
- Aleph Zero's very own Michał Świętek and
@supercolony_vs
are teaming up on the 2nd of September at
@ETHWarsaw
to deliver a technical workshop called "Sol2Ink on Coding Smart Contracts". 🎯
The workshop will begin at 3 PM CET.
$AZERO #ETHWarsaw
@substrate_io
- ✅25M Blocks.
✅32.7K Holders.
✅%73.7 Staked.
Aleph Zero continues to move forward on its own path in bear season. The foundation that will make the future beautiful is being laid in these days where market conditions are horrible.
$AZERO
- Check out Aleph Zero. $AZERO #AlephZero
@Aleph__Zero
properly the most advanced smart contract platform going live in a few week
- On August 30th, 2022, at 5:00 PM CET,
@NEARProtocol
,
@NEARbalkan
,
@InfobipShift
, and Aleph Zero will host Twitter Spaces on building Web3 communities. 🫂
👉 https://twitter.com/i/spaces/1BdGYwZWWVAxX
Follow the link to join as they will dive into this critical element of a decentralized future.
From @Alephzero
- you hold $AZERO without informing your friends and neighbors that means you have no love towards your neighbour.
Make the effort to hold at least #100AZERO and tell those around you not to miss $AZERO.
- if you are new to the $azero ecosystem, I recommend checking out the latest ecosystem DEEP DIVE
#azero #alephzero
👇
https://t.co/kWA2gUorIw
- It’s very easy to be consumed by the noise in the #crypto industry. Don’t lose sight of your true north — the reason you got onboard!
Over time opportunities will reveal themselves, just be patient and learn to weather the storm🌊
$AZERO #AZEROFAM
- $AZERO is a Layer 1 which
Decentralization, Security, Scalability, Privacy, Costs & Speed
Concept:
AZERO is designed to be a fast, high-throughput, decentralized, secure, low-cost (mining-free), shard-free, and also privacy oriented.
= Enterprise ready
- Few days left until the launch of smartcontracts on the mainnet
.
.
So excited for what's coming to
@Aleph__Zero
$Azero
#BTC #AZERO #BNB #AVAX #SOL #NEAR #MINA #CSPR #ATOM
- $AZERO is like Magic
Incredible Scalability
Genuine Decentralisation
Private Smart Contracts
and way more !
People will find out soon how Strong
@Aleph__Zero
and there community
- The next big bull cycle will be my third & I can honestly say, I think it will be my most exciting
After years of research.. making mistakes.. finding my disciplines.. growing as a person
I believe I have arrived at the point I want to be, a dream land!
Next run will be fun 🔥
$AZERO #AZEROFAM
- Co-founders of
@drkvrs
and Aleph Zero had an opportunity to talk with
@dragonwolftech
about what's next for #Darkverse—the dark metaverse being built on top of the $AZERO network.
https://t.co/63bAE8RHd4
- @Aleph Zero $AZERO
A peer-reviewed public #blockchain platform with private smart contracts ready for #DeFi revolution. Ticker: $AZERO
- PRIVACY in blockchain.
The one thing the public needs but can't get due to compliance.
How can we combine the best of both worlds and how is $AZERO looking to solve this?
A thread on keeping privacy and staying compliant with regulations 🧵👇
@Aleph__Zero
#Azero
Online privacy has become one of the hottest topics and main concerns of the public.
In an ever growing digital world more and more of our data is being used and sold by third parties.
There's also the growing debate of the government having to many eyes on us.
This is where the popularity of blockchain comes into play.
Not only being a technological breakthrough on many different levels but also being PRIVATE.
This adds both benefits and concerns for certain parties.
The public sees this as our salvation to today's privacy issues BUT regulation parties see this as a concern for "money laundering" opportunities.
We can all think "fuck what the regulators want" all day long but no regulations = no adoption.
Most of today's applications won't ever see approval and the light of day if they are not compliant.
So no matter how much we want "total privacy" as individuals there's not going to be adoption on a global scale if we are not compliant.
This means that the holy grail to blockchain adoption are the business that are able to COMBINE the best of both worlds.
And that's exactly what aleph zero is shooting for.
Before it was created it took into account that it had to provide a solution to this to see adoption.
How do they offer the privacy that customers demand with transparency that creates both social and governmental trust?
One of their solutions is to create private blockchain protocols that allow for limited access to our personal information.
This solution will allow our sensitive data to stay hidden from prying eyes.
It will also offer us the freedom to make it public if necessary.
This compromise meets halfway the current legal conditions while also remaining true to the ethos that rests at the blockchain tech.
If you could choose which elements of your online identity to share, it would do wonders for our concept of cybersecurity.
Aleph Zero can solve these problems that fulfills the desires of both those requiring the utmost privacy while also following data storage rules.
It does this by implementing "Zero-knowledge proofs (ZK-SNARKs)" and "Secure Multiparty Computation (sMPC)" TOGETHER.
ZK-SNARKs pass a secret key between two parties.
The prover can use this encrypted key to confirm before the verifier that certain information is in the possession of the prover.
sMPC involves keeping sensitive information off-chain on several nodes.
Only if the nodes conduct a secure handshake can the user access the data.
No one computer can access the encrypted contents without a unanimous consensus.
Aleph Zero uses a solution that treads both paths at the same time.
They take the best from both worlds, offering superior security alongside quick transaction speeds.
Aleph Zero was designed to solve many of the issues facing the market today.
They trust that boasting a peer-reviewed protocol with superior speed and security is the next step forward for blockchain technology to enter the mainstream and find widespread use.
P/s: from Crypto Nova