What is Aleph Zero?
Aleph Zero is a high-performance, enterprise-ready blockchain network that prioritizes privacy and instant finality. Its unique architecture is built on a Directed Acyclic Graph (DAG)-based consensus protocol, which has been peer-reviewed and presented at an ACM conference. The DAG serves as an intermediary data structure, but Aleph Zero can still be classified as a blockchain.
To date, the project has raised $15 million to continue its development, integrate with the Substrate stack, and expand its team. The project was initially bootstrapped by the founding team in early 2018, and a pre-seed round was completed with the help of friends and family. The seed round was largely concluded by December 2020, and public presale, community rounds and public sale were completed in 2021.
The first version of the Aleph Zero mainnet went live on November 10th, 2021. In 2023, the team plans to enable privacy-enhancing features based on secure multi-party computation research (sMPC) and zero-knowledge proofs (ZKP).
Aleph Zero is a part of the Substrate Builders Program, but it is not a Polkadot parachain. Instead, it is a sovereign ecosystem. The native coin of the platform is AZERO. The team working on Aleph Zero continues to grow and now consists of over 40 individuals who contribute to network development and adoption.
The Aleph Zero team members have impressive backgrounds, including winning the ACM ICPC World Finals, first prize in the International Mathematics Competition, and Simons-Berkeley Research Fellowship. On the business front, team members have gained experience at prominent startups, scale-ups, and corporations.
The founders of Aleph Zero are Adam Gągol, Matthew Niemerg, Michał Świętek, and Antoni Żółciak. Together, they have brought their expertise in the field of blockchain and cryptography to create a unique and innovative network that prioritizes privacy and performance.
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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