What is Aleph.im?
Aleph.im (ALEPH) is an open-source crosschain network that provides a decentralized database for file storage, computing, and a decentralized identity (DID) framework. The network's primary mission is to help decentralized apps and protocols achieve a fully decentralized architecture by stripping off the centralized parts of their stack. Aleph.im can be considered a decentralized alternative to AWS or Firebase, with a specific focus on empowering the DeFi ecosystem.
Moshe Malawach, also known as Jonathan Schemoul, founded Aleph.im in 2018. He has been programming since childhood and has experience in developing enterprise software across several major industries, including finance and supply chain. Moshe's track record in bringing tangible business value using blockchain technology has been instrumental in Aleph.im's success.
Aleph.im is headquartered in Paris, France, with a distributed team across the globe. The network's unique blend of onchain and offchain decentralized technologies makes it stand out. Its decentralized network is offchain but can only be interacted with through blockchain networks, which enables key features such as security and advanced crypto-economics. Moreover, Aleph.im is already compatible with many leading blockchain projects, including Ethereum, Polkadot, Cosmos, and BinanceChain. This allows any project building on these platforms to integrate with Aleph.im's decentralized database and file storage.
Aleph.im also implements a channel mechanism that enables sharding, creating subnetworks with all the features of the Aleph.im network. Shards can be thought of as dedicated cloud clusters, providing better performance, scalability, and redundancy.
Onchain transaction fees on Aleph.im are free for users as long as web dapp teams pay for it, which is similar to the web2 business model, where app owners pay cloud providers such as AWS. Onchain transactions are batched, so fees are minimal, and delegated transactions are managed by the network, eliminating the need for users to manually resubmit a transaction or adjust its fee.
Data on Aleph.im is private and encrypted by default, with the option to make it public. Data is only stored on the necessary minimum amount of nodes, and it can be stored on nodes in specific geolocalizations. The network is compatible with IPFS, meaning that the data gets replicated on Aleph.im nodes and on IPFS.
In conclusion, Aleph.im is a promising project that aims to empower the decentralized ecosystem by providing a decentralized database for file storage, computing, and DID framework. Its unique blend of onchain and offchain decentralized technologies, compatibility with leading blockchain projects, and channel mechanism make it stand out from the crowd. Moreover, its free onchain transaction fees and delegated transactions provide a seamless user experience, and its private and encrypted data management ensures security and privacy.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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