ALEPH ZERO 🚀

Today we will look at the project "ALEPH - ZERO" together.

Aleph Zero is a peer-reviewed DAG-based (Directed Acyclic Graph) consensus protocol that is scalable, super-fast, and developer-friendly. It aims to solve the key problems of security, scalability, and decentralization (the blockchain trilemma) and plans to enable privacy-enhancing features based on SMPC (Secure Multi-Party Computation) and ZKPs (Zero-Knowledge Proofs). Aleph Zero is designed for enterprise and Web 3.0 and is suitable for a wide range of DeFi (Decentralised Finance) use cases.

The project has been deemed very good at "ACM" conferences, which is also a hot ding.

Aleph's novel peer-review consensus was developed with a privacy structure based on ZK-SNARK's cryptography and a Secure Multi-Party Computation (sMPC): The protocol is distinctive in that it focuses primarily on creating privacy-preserving distributed ledger technology (DLT). The project aims to provide alternatives to existing infrastructure barriers in a variety of sectors, including ESG, automotive, Internet of Things (IoT), and healthcare.

It is a Layer 1 consensus mechanism that powers the public proof-of-stake (PoS) blockchain known as AlephBFT.

During the Token Genesis Event (TGE), the team released 300 million tokens, with an initial circulating amount of 180 million. The TGE took place on January 27, 2022 via its listing on the MEXC exchange.

The project team received a no-action letter from Swiss regulator FINMA. According to A0's team, FINMA has confirmed that its business model is compatible with Swiss law and has indicated that the issuance of the AZERO token is not subject to any permission requirements under Swiss financial market law.

All in all....A mega project!