Aleph Zero or AZERO (AZERO/USDT- Trade it here) is a privacy-enhancing Proof-of-Stake (PoS) public blockchain with instant finality. The current structure of Aleph Zero is a combination of an original peer-reviewed AlephBFT consensus protocol and a customized Substrate stack. To further provide enterprises and developers with approaches to private smart contracts, the project is developing a privacy framework based on Zero-knowledge Proofs (ZKPs) and secure Multi-Party Computation (sMPC).
Core Features
- Scalability
During a laboratory test, Aleph Zero’s peer-reviewed consensus protocol (AlephBFT) achieved 89,600 tx/s with a 416 ms confirmation time in a decentralized test setting of 112 AWS nodes spread across five continents. The test has been concluded on a simulation of simple transactions. Aleph Zero’s real-world performance, especially under heavy network load, is still under review.
- Decentralization
Aleph Zero aims to become the first decentralized Directed Acyclic Graph (DAG)-based platform with a large (100+ nodes) committee that rotates every 15 minutes from a set chosen during every 24-hour era.
- Private Smart Contracts
Liminal, Aleph Zero’s original privacy framework that’s currently under development, is based not only on zero-knowledge proofs—but also takes advantage of Secure Multi-Party Computation concepts. Moreover, the framework is being built in a purely software-based fashion, making Aleph Zero independent of external vendors.
- Near-free Transfer Transactions
On average, a transaction on the Aleph Zero network costs 0.0003 $AZERO. To prevent spam, Aleph Zero implements dynamic fee adjustments.
- Audited Security
The Aleph Zero Consensus Protocol has been officially peer-reviewed and accepted for publication in the conference proceedings of Advances in Financial Technology 2019. Trails of Bits also audited the implementation of the consensus in 2021. The broader elements of the network come from Parity’s Substrate stack.
- DEX and Decentralized Dark Pool
Common is the first product being built on top of Aleph Zero. Due to ultra-low latency and privacy-enhancing design, Common will mitigate the Maximal Extractable Value (MEV) problem. The result? One of the cheapest and most user-friendly DEXs on the market.
- HUB and Spoke Operations Model
Easily sync your application to Aleph Zero’s network.
- File Storage
Application Programming Interface (API) hooks that allow for seamless integration into InterPlanetary File System (IPFS) as well as proprietary data solutions.
Aleph Zero Ecosystem
The Aleph Zero privacy framework can be used on all major chains, which makes it possible for developers to synchronize their data and smart contracts with other blockchains.
To accomplish this goal, Aleph Zero comes up with its original consensus protocol AlephBFT which is based on DAG and integrated with the Substrate stack to enable wider adoption. The InterPlanetary File System (IPFS) system takes care of the decentralized file storage, which powers the scalable private smart contracts in the network. The team is also working on the trustless wallet Common that largely facilitates users’ Decentralized Exchange experience. Moreover, a purely software-based framework based on zero-knowledge proofs and Secure Multi-Party Computation concepts called Liminal enables multi-chain privacy layers usable to bridge to Aleph Zero.
These key features power the Aleph Zero ecosystem and make it possible for Aleph Zero to create its multi-chain world.
AZERO Token
AZERO is the native asset of Aleph Zero. It powers the fundamental economy of the AZERO ecosystem and users may use AZERO for:
- Discounts on fees on DEX and fees for asset wrapping
- Discounts on usage fees and collateral for wrapped assets on the Liminal bridge
- Validator node staking and earning rewards
Recent Price & Performance of Aleph Zero (AZERO)
Currently, their market price is $0.8967 per unit. It has a market cap of $171,826,993 and a fully diluted market cap of $276,532,561. It also has a 24-hour trading volume of $1,185,948. You can check the live price of their token right here!
How to buy Aleph Zero (AZERO)
You can buy Aleph Zero (AZERO) on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “AZERO” using the search bar to see the available trading pairs. Take AZERO/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of AZERO you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy AZERO] to confirm your order. You will find the purchased AZERO in your Spot Wallet.
You can find a detailed guide on how to buy AZERO token here.
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