Aleph Zero Price (AZERO)

Aleph Zero (AZERO) is a layer 1 blockchain platform that strives to address the limitations of current distributed ledger technology platforms by aiming to improve speed, validation time, scalability, and security. It is powered by a custom algorithm that utilizes Directed Acyclic Graph (DAG) technology to create an efficient and decentralized system. Aleph Zero's unique "hub and spoke" model allows businesses to maintain their private network while interacting with the main decentralized ledger. This model seeks to facilitate efficient and cost-effective interactions between businesses in a trustless manner. AZERO is the native coin that powers the Aleph Zero blockchain.

Aleph Zero operates using a unique consensus protocol that integrates with the Substrate stack. This protocol employs a practical approach to the transfer of value and the extensibility of smart contracts, aiming to ensure fast validation times regardless of the number of transactions. Aleph Zero also uses both zero-knowledge proofs (ZKPs) and secure multi-party computation (sMPC) to aim to ensure the security and privacy of user data. ZKPs pass a secure and secret key between users, while sMPCs safeguard data across multiple computers, which cannot access the stored data without unanimous consensus. This combination of technologies seeks to enhance internet privacy and give users control over their online personas.

Aleph Zero's versatility is demonstrated by the over 40 use cases currently being developed, showcasing its adaptability across various sectors and applications. These use cases range from decentralized finance (DeFi) and gaming to enterprise solutions. Aleph Zero's privacy-enhancing features based on secure Multi-Party Computation (sMPC) and zero-knowledge proofs (ZKP) can be utilized in applications that require identity verification and are subject to Anti-Money Laundering (AML) policies. The transparent network mode will continue to operate in a permissionless (non-gated) fashion.

Aleph Zero was initially bootstrapped by the founding team in early 2018. The project has since grown, with over 40 individuals contributing to the network's development and adoption. The team's previous accomplishments include the ACM ICPC World Finals, the first prize in the International Mathematics Competition, and the Simons-Berkeley Research Fellowship. The first version of the Aleph Zero mainnet went live on November 10th, 2021. Aleph Zero's Ecosystem Funding Program was launched in 2023, attracting close to 50 external developer teams within the first six months.

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The current market cap of Aleph Zero is $69.05M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Aleph Zero is $3.09. This all-time high is highest price paid for Aleph Zero since it was launched.

Over the last 24 hours, the trading volume of Aleph Zero is $930.27K.

Assets that have a similar market cap to Aleph Zero include Kusama, Illuvium, Wrapped Kava, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Aleph Zero is 267 million.