Alephium

Alephium

ALPH
$3.08%-7.19

Key Metrics

Price$3.08
Real Volume (24H)$3,646,227.3
Marketcap$231,272,434.23
Fully Diluted Valuation$244,213,203
ATH$1.19
ATH Date1/20/2022, 1:59:23 PM
ATL$0.04791219
ATL Date1/10/2023, 3:33:44 AM
Circulating Supply36M
Total Supply173M
WebsiteN/A
WhitepaperN/A
Popularity Rank305
Chart
What is Alephium?

Blockchain technology has gained significant momentum in recent years, transforming the way we transact and store data. However, scalability and speed remain major challenges that prevent widespread adoption of blockchain-based solutions. Alephium (ALPH) is a partitioned blockchain network that aims to address these challenges by facilitating more transactions per second (TPS) while ensuring security and energy efficiency.

Alephium is a unique blockchain network that uses sharding, a database partitioning technique, to divide its network into smaller segments called "shards." Each shard holds its data, which reduces processing speed and removes latency. Alephium aims to provide a high-performance, secure DeFi and dApps platform by combining sharding with Directed Acyclic Graph (DAG), a data structuring technique that uses vertices and edges instead of blocks.

Alephium addresses scalability issues through its BlockFlow algorithm, a far lighter sharding approach that supports cross-shard transactions. The Directed Acyclic Graph (DAG) system reduces the transaction load of each node, further improving the TPS rate. Alephium's protocol is designed to stand out from other sharded blockchains, and it includes the following features:

  • Proof-of-less-work (PoLW) algorithms: This unique algorithm uses a combination of physical effort and token economics to dynamically adjust the work required to mine new blocks. This results in a lower energy footprint than the original Bitcoin Proof-of-Work mining.
  • Smart contract design: Alephium's smart contracts are scalable, functional, and practical, focusing on security.
  • Novel VM: Alephium employs a virtual machine that is simple, secure, and adaptable to the needs of dApps.

The native token of Alephium is ALPH, and it serves as an incentive for miners to process blocks on the Alephium blockchain, maintaining the blockchain's decentralization and overall security. The token also secures the Alephium network against spam attacks via transaction fees payable in the ALPH token. The total supply of ALPH tokens is limited to one billion.

Alephium is the brainchild of Cheng Wang, a data scientist based in Switzerland. Wang's vision is to create a blockchain network that can facilitate high-speed transactions while being energy-efficient and secure. Alephium's unique features and innovative BlockFlow algorithm have made it a promising solution to address the scalability and speed issues in blockchain technology.

In conclusion, Alephium (ALPH) is a partitioned blockchain network that aims to provide a high-performance, secure DeFi and dApps platform that is also energy-efficient. Its innovative features and unique BlockFlow algorithm make it a promising solution to address the scalability and speed issues in blockchain technology. The ALPH token maintains the decentralization and overall security of the Alephium network while incentivizing miners to process blocks. With its visionary founder and innovative technology, Alephium is poised to make a significant impact on the blockchain industry.

Disclaimer

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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