What is Alephium? All information about ALPH token

Utilizing advanced sharding technology and a UTXO state model, Alephium enhances performance while ensuring high security for decentralized applications (dApps) and decentralized finance (DeFi).

Let’s delve into how Alephium is transforming the blockchain industry and creating new opportunities for developers and users alike with AZCoin.

What is Alephium (ALPH)?

Alephium is a scalable, secure, and decentralized blockchain designed to support decentralized applications (dApps) and real-world use cases. The platform uses an innovative sharding algorithm called BlockFlow combined with UTXO, sUTXO models and Proof-of-Less-Work consensus mechanism to ensure scalability and security for dApps.

Alephium views tokens as its own “citizens”. This means that not only ALPH but also other tokens on the network are managed through Alephium’s unspent transaction outputs (UTXOs). Direct control of UTXOs by address increases the security and efficiency of the asset management system.

One of the strengths of Alephium is the ability for users to easily convert between tokens. This process is simplified by the use of UTXOs, which provide a proven asset management system to ensure security.

Additionally, Alephium also introduces an asset permission system to ensure the secure handling of tokens through smart contracts without the need for additional transaction approvals. This is done thanks to the UTXO model, which combines these permissions implicitly in nature.

How does Alephium work?

Sharding

Alephium uses the BlockFlow algorithm to scale blockchain. This feature helps improve transaction processing capacity while optimizing blockchain network performance.

Programmability and Security

Alephium provides a flexible and secure UTXO model, allowing developers to create smart applications easily and securely similar to Ethereum.

Energy saving

Alephium uses a PoW mechanism to minimize the amount of energy consumed during the mining of new blocks, while also reducing the impact on the environment.

Flexible chain structure

Alephium applies a custom virtual machine (Alphred) to optimize the structure of the blockchain, helping to solve important problems and introduce new innovations in the field of decentralized applications.

Utility programming language

With the Ralph programming language, Alephium facilitates developers to create efficient, secure smart applications, expanding the creative potential of the blockchain development community.

Benefits of Investing in Alephium AI (ALPH)

Significant growth potential

Alephium (ALPH) is a new cryptocurrency with great growth potential. During the crypto market revival, Alephium (ALPH) could experience a significant price increase.

Opportunity to join in the development of the platform

More than just cryptocurrency, Alephium (ALPH) is a platform with the potential for growth and innovation. Investing in Alephium (ALPH) is a great way to participate in the development and growth of this platform in the long term.

Ability to investment

While there are no guarantees that you will make money investing in Alephium (ALPH), there is still a chance if you are patient and choose your investments wisely. Investing in Alephium (ALPH) is one of the best ways to take advantage of the opportunity and make a profit in the future.

Development Team

Alephium AI (ALPH) is a blockchain project that offers a secure, transparent platform for cryptocurrency trading. Behind the project is Alex Biryukov – a financial expert with over 15 years of experience in the industry.

Partner

Currently, Alephium has cooperated with a number of famous units in the field, including: Bitcoin Association Switzerland, Cetacean Capital, Crypto Valley Association, Dappnode, Flux Labs, Holding SA, Leax, UTXO Alliance,…

Information about ALPH coin

Key Metrics

• Token Name: Alephium.
• Ticker: ALPH.
• Blockchain: Ethereum.
• Contracts: 0x590f820444fa3638e022776752c5eef34e2f89a6.
• Total Supply: 192,581,694.
• Circulating Supply: 1,000,000,000

Allocation

• 80 million ALPH (8%) reserved for past and future sales, will be locked on-chain and distributed over 2 to 4 years, unlocking quarterly.
• 30 million ALPH (3%) for community and ecosystem development, will be unlocked within 4 years, divided into quarterly unlocks.
• 30 million ALPH (3%) for the team and accounting fund. These tokens are set to be locked for a duration of three years and will be released on a quarterly basis.

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Alephium Roadmap

Core Platform

• 2019: White Paper Released.
• 2020: Testnet launch.
• 2021:
  • Release of desktop wallet and explorer.
  • Mainnet launch.
• 2022:
  • Develop the first dApp prototype.
  • Leman network upgrade deployed on testnet.
  • Alpha version of multi-guardian bridge on testnet.
• 2023:
  • Launch the browser wallet extension.
  • Leman Network is being upgraded on the Mainnet.
  • New asset licensing system and tutorials, virtual machine building functionality.
  • Desktop Wallet V2.0
  • Mobile Wallet Launch (Android and iOS)
  • Setting up Alephium bright for Ethereum on Mainnet.

Ecosystem

• 2021: Mining ecosystem development: Community group, minders development, reference mining pool, pool integration.
• 2022: Listing on the first exchange: Gate.io.
• 2023:
  • Ayin Release – The First DEX.
  • The first native NFT marketplace – Deadrace.
  • Walph: Walph is pioneering the concept of a decentralized lottery.
  • Blockstream DAO Alliance – the first DAO project.
  • Stablecoin on Alephium & Wrapped ALPH on Ethereum.

Conclution

Alephium is not just another blockchain project; it represents a significant advancement in tackling issues related to scalability and energy efficiency. With its cutting-edge technological enhancements, Alephium is creating fresh opportunities for both developers and users in the cryptocurrency space.

Through this article, AZCoin aims to give you a better understanding of what Alephium (ALPH) is and provide key information about the ALPH coin.