Crypto's Next Solana? How Aleph Zero Could Flip SOL
Actually, what contributed to the massive price action was celinas, ambitious design which of course, aims to solve the long prevailing blockchain trilemma, but in 2022 solana faced numerous issues with network instability and the users lost some of their faith in the project. Does that mean the blockchain trilemma cannot be solved? No, we dont think so we think it still is something that can be solved and in fact the research team at altcoinbuzz has found a project that claims to have a potential solution. Nows, probably a good time to look at it, because once the market regains its footing and starts to heat up, we expect this project to really take off. This project does have a chance to be the next solana, but of course, hopefully without any blockchain halts or down times, Music welcome to the channel. My name is matty, and this is altcoin buzz. We are a crypto investment research company. We have documented many 100x returns on coins and tokens that are top projects today, really before anyone else was even talking about them, and if you want to see our detailed process for researching such projects, then our new and improved altcoin buzz access group is for you, Our plans start at 99 monthly, be sure to click the link below for more information. If you havent yet signed up, you still have eight days to check out our exclusive altcoin buzz access link for mexc, in which you stand a chance to win up to six thousand six hundred.
Ninety nine dollars in bonuses once again eight days, are remaining to become eligible for the bonuses. You simply need to fund your account and start trading check out more information with a link that is popping up now, as well as the one that can be found in our description below best of luck, fair warning, any kind of investment, whether crypto or otherwise, does Carry corresponding risks so look this video is full of useful. Hopefully, information do with it. What you will, but please dont, consider it to be official financial or investment advice. It is not with that being said, lets get right into the value proposition of lf0, which is a privacy, enhancing public blockchain with instant finality and were talking about it today, because tomorrow is already june 22nd and thats when smart contracts are going to debut on aleph Xeros test net, and that means that developers are going to be able to build the next big thing on one of the most advanced blockchain test nets. Starting tomorrow, june 22nd were gon na get right back to the project, but lets first get some context straight and understand why solving for the blockchain trilemma really is the holy grail in this crypto space. All right chances are youve heard about this term before, but in case you havent blockchain trilemma was coined by ethereums co, founder vitalik buterin, to describe three core issues that developers face all developers when creating blockchains and the three elements of the blockchain trilemma are decentralization security And scalability, and the term means that one of these must be sacrificed in order to successfully implement the other two, and this is where inefficiencies creep into blockchain networks.
In other words, you can try optimizing for decentralization and security, but then scalability is de emphasized. On the contrary, you can focus on scalability and security, but then decentralization is going to suffer its kind of like allocating points into a character class in an rpg. You just cant max out every single category, youre limited. So how does aleph zero solve for this blockchain? Trilemma well at the core of aleph zeros value proposition is dag thats, a directed acyclic graph, dag the algorithm which works like a block chain, but is not really a block chain. Actually lets find out in a very simple way as to how using dag lf0 solves the blockchain trilab, beginning first of all, with scalability. So a dag protocol, like lf0, has some serious advantages over traditional proof of work. Blockchains, for example, it produces the consensus much faster than a blockchain, and thanks to that, its able to maintain high transaction speeds when operating on a high scale. Something of course that bitcoins blockchain cannot achieve and lf0 has already proven it. On a test network of 128 nodes where it reached 100 000 transactions per second thats, the power of dag and alef xeros dag clearly solves the scalability issue from the blockchain trilemma. But the next element – the next variable, if you will – is security and lf zeros dag employs lfbft, which is a byzantine fault, tolerant, consensus protocol and through the use of lfbft. It ensures that the communication between nodes remains effective and transparent, despite the presence of potentially malicious nodes, so additional security is guaranteed by employing the element of asynchronicity.
This means that the network will work smoothly and retain data correctness. Even if some parts of that network may go down and implementing asynchronous properties to bft is a step forward to ensure maximum security, the last big variable is decentralization and usually its not easy to decentralize dag to the same level as blockchain. But lf0 is working on implementing a mechanism that chooses rotating committee members randomly and in the testnet theyre, already testing it using again 128 nodes, but on mainnet they are targeting for a much higher number, so the randomness will be more and the network will become more Decentralized and more scalability, more security and more decentralization all point to the fact that lf0 has at least partially cracked the code for solving the blockchain trilemma and, while thats, already impressive, theres, actually a lot more to this ecosystem. The alex zero ecosystem has three main products. First of all, the aleph zero infrastructure layer: this is the layer, one blockchain. They use proof of stake as consensus mechanism and the dag based consensus protocol again lfbft powers this. So this means that alef0 doesnt need mining; in other words, transactions are low, cost or even free, which makes dags suitable for iot. Apps and dags are also ideal for daily small crypto transactions all because, of course, of the low transaction costs. The second main product is the liminal privacy layer. This is where alef0 uses the zk snarks and the smpc for privacy, so its a hybrid solution and thats precisely what makes them stand out.
The zk snarks pass a secure and secret key between users. However, what makes them so interesting is the following: they dont reveal the information and theres. Also, no interaction between the prover and verifier zcash, which is another privacy chain, also uses the zk snarks and then smpcs secure data through many computers and they cant access data by the way, without complete accord of consensus and, in the meantime, all blockchains. That bridge to alf zero can use liminal, which acts as a multi chain, standalone privacy layer and that third main product is common wallet. This is a dex, a decentralized exchange and a dark pool. The latter are private exchanges. The general public has no access to them, but one of the key features of common is that it eliminates front running front running is when your transaction is in a queue and a bad actor knows the details of your transaction and can potentially influence the price of This future transaction and some additional parts of their ecosystem include the lf0 cloud, theres, also decentralized file, storage and ipfs private smart contracts, and these are scalable and self executing theres, also the blockchain ecosystem of lf0 and its a fairly new project, so its a smaller one. But nevertheless you got to start somewhere and so far we are impressed with what theyre trying to accomplish were here on alef0.org, taking a look at the team which, as you can see, is quite robust. They have currently over 30 members.
You can find their names on the website, as shown here and in the white paper, so the team is not anonymous, which is fundamentally a very good point for any crypto project to be able to boast and again weve said it before its always a deal breaker For us, when the team is not transparent, so the fact that they are here is a great sign right now they call zoug switzerland their home, which of course, is a very crypto friendly region in a very crypto friendly country and some of the companies or organizations That team members previously worked for include ibm stellar, codewise cap gemini, ing bank tibco software, google, uber and riverbed technology lets now talk about tokenomics with a look at the a0 token thats lf0s native token, its an erc20 token in the bnb mainnet. The token has a current price of about 71 cents at the time of this recording and their market cap is a self reported figure of 48 million dollars, so theyre still very much at an early stage. They also have a self reported circulating supply of 71 million tokens and its an inflationary token, so theres not really a max supply to speak. Of the current total supply is around 300 million, and each year they add 30 million tokens as staking rewards and over 24 hours, the price. The token has gone up by about six point: six percent, their all time high was three dollars and nine cents.
That was back in mid april of 2022 just over a couple months ago. Right now there are only three exchanges where you can buy the a0 token. Mexi was the first exchange that offered the token that was back in january and they also boast the highest 24 hour trade volume with 625 000 and then later in march, gate.io started offering a0 their 24 hour trading volume stands at about a quarter million. Then the last exchange to join was who that was in april. They have a 24 hour trading volume of about 237 thousand dollars. In our humble opinion, mexi exchange is undoubtedly a better exchange on which to buy a0, because high trading volume leads to fairer prices. Once again guys you can sign up with mexc through this link its popping up on screen. You can also find it in the description of this video and by using it thats our exclusive altcoin buzz link. You get a straight 10 lifetime discount on all trading fees and also get a chance to win part of the 6 699 in bonuses that we are jointly offering keep your eyes glued to our social media channels, as well as m e x cs for further announcements. Okay lets stay impartial and talk about some of the competitors out there, and we have to think about this in the context of exactly what lf zero is competing against. Lets. Take a look at the overall smart contract platform, the scp sector that had a 750 billion dollar market cap in q1 of this year 2022.
. There are almost 90 scps against smart contract platforms in that scene and combined. They have a 35 percent digital asset market share. Out of this ethereum has a 60 market share, but, furthermore, the top 10 platforms represent 89 of that market cap, so in other words, aleph. Zero is in a highly competitive space and other dag based platforms, for instance, are phantom iota and hedera hashgraph. Definitely some names that youve likely heard before some of the layer, 1 block chains that are occupying the same space include fuse network, concordium and parallel chain competing privacy. Block chains include zcash and monero, and hybrid block chains in the same arena are ripple kadena and dragon chain. No question: there is plenty of competition in this space, however, alif xero is doing things their own way. They stand out from the competitors for two specific reasons, and these two reasons are their biggest selling points. First of all, they have state of the art consensus with a unique peer, reviewed, abft consensus mechanism that is short for asynchronous byzantine fault, tolerant, honest nodes of a network guaranteed to agree on the timing and order of a set of transactions in a fair and secure Way and secondly, they have a universal privacy layer, liminal based on the zk, snarks and smpc. Lets now take a look at the companys roadmap and in describing it lf0 keeps it simple. They either have something done, have it in progress or its coming up in the future.
Simple easy straightforward. We like that so lets have a look at what it is. Theyre projecting completed are phase one and two. This included the peer reviewed consensus protocol and liminal in progress. Right now are the following phase: three among others, native token transfers, rust implementation of lf bft consensus and in phase four, for instance, the validator elections, basic smart contract capabilities and then coming up are phases. Five and six in phase five bridges: 1.0 with kusama ethereum and a custom web wallet; and more and in phase six bridges, 2.0 polka, dot, cosmos and bnb; and experimental transaction fees free or nearly free fees. So there you have it a look at this new and exciting crypto project, this potential gem lf0, whose token again is a0. Among other things, we introduced you to their consensus mechanism that stands out in our opinion. We also showed you a variety of use cases. They claim to have solved the blockchain trilemma, because theyre fast, theyre, decentralized and scalable. So they say you had a look into how they set up their ecosystem with the alef0 infrastructure layer, but also the liminal privacy layer and their common wallet. And we looked at the team and their tokenomics, the roadmap is also looking good. The team seems to be on the ball and keeps meeting their goals. These are all excellent signs and we can conclude at least for now that this is an undervalued project. In our opinion, otherwise we wouldnt be talking about it, so keep an eye on this one.
Let us know your thoughts about this one guys, members of the altcoin buzz army in the comments below do you think that we can truly see a project that will one day solve the blockchain trilemma sound off. Let us know your thoughts if youre still watching this video kudos be sure to like subscribe share, hit the bell to receive notifications, never financial advice, but genuinely. We wish you the best of luck.