What is Aleph Zero (AZERO)

Aleph Zero (AZERO) 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).

AZero
Aleph Zero

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 yet to be determined.

  • 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 adjustment.

  • 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. The implementation of the consensus has been audited by Trail of Bits 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 the Aleph Zero’s network.

  • File Storage

Application Programming Interface (API) hooks that allow for a 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 the 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 that is based on DAG, integrated with the Substrate stack to enable a 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 Liminal bridge
  • Validator node staking and earn rewards

How to buy AZERO?

You can buy AZERO on MEXC following the steps: 

1. Log in to your MEXC account and click [Trade]. Click on [Spot].

2. Search “AZERO” using the search bar to see the available trading pairs. Take AZERO/USDT as an example.

3. 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.

Disclaimer

Please note that the information and data above is cited from the Aleph Zero official website and the project whitepaper. Please directly refer to the source for more details. This is not financial advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives, and specific financial circumstances. Investment involves risk.

About MEXC Global

Established in April 2018, MEXC Global is a digital asset trading platform with over 7 million users, which offers users one-stop services, including spot, margin, leveraged ETFs, derivatives trading and staking services. The core members of the team come from international enterprises and financial companies and have experience in blockchain and financial industries.For more information, please visit our website and blog. Follow MEXC Global at Twitter and Telegram.

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The content of this webpage is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives, and specific financial circumstances. Investment involves risk.

Please note that the information and data above are cited from third-party sources & whitepapers and do not represent MEXC. Please refer to direct sources for more details. This is not financial advice and does not constitute an offer or solicitation to offer or recommend any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives, and specific financial circumstances. Investment involves risk.

This disclaimer informs readers that the MEXC Creator’s content, views, thoughts, and opinions expressed in the articles belong solely to the creators and authors, and not to MEXC Global itself. MEXC Global doesn’t give any investment recommendations or advice.

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