What is Aleph Zero? Future of $AZERO. Review and Interpretation
Today, I would like to give you the good news that we will finally tell you about a project that we have wanted to tell for a long time. It is such an infrastructure that it is both cheap, fast, highly confidential and focused on the least amount of energy. What kind of technical infrastructure does it offer? What's the benefit for us? Let's examine together.
Now, immediately I'm going into details; To briefly summarize Aleph Zero, it is a non-profit foundation founded in Switzerland. It is an infrastructure developed for web3.0 that allows corporate companies to take advantage of a peer-reviewed platform for their public or private transactions. The biggest feature of this ecosystem is that it is synchronized with other blockchains and can execute smart contracts simultaneously with them. Working on a universal wallet that can be used on all major chains also provides many advantages to its users. In fact, Aleph Zero gets its power from a DAG-based protocol. What does it mean for the protocol to be DAG Based? In a DAG-based cryptocurrency, each node in the structure represents a transaction. There is no concept of blocks here or mining is not necessary to grow the database. Because some kind of Proof of staking method is used. That is, instead of putting transactions together in blocks, each transaction is built on top of the other. However, a very small Proof of Work (PoW) process also needs to be completed when the node sends a transaction.
This PoW process is done to ensure the network is not spammed and validates previous transactions. Up to one hundred thouthands TPS transactions in a 1-2 second block confirmation time offer free transactions, but company officials state that in the future, they will be able to reduce this part to 0.7 seconds and reduce the fee to lower amounts. It seems that we will see DAG infrastructures more and more in the future, and we will even witness their development personally. So, what about the conveniences that Aleph Zero has added to our lives? let's explain immediately; You can use Aleph Zero's decentralized file storage, that is, cloud storage. You can set up your smart contracts here and send them to the network. In addition, the Aleph Zero platform also has a decentralized exchange, DEX, in itself, and all transactions related to AZERO coin can be made from here. Aleph Zero's advanced security layer can be used on any network bridged to this platform. In other words, the security layer of the transaction you do here is designed to be valid on all networks. As a matter of fact, even this security layer can be considered a separate revolution, because we will look at who created the encryption technology, which I will talk about shortly, in Aleph Zero. Another thing you can benefir from the platform is that it allows fast, highly scalable, decentralized, secure and low-cost data transfer for transactions of any size for the IOT. In Blockchain technologies, since each data entry and exit is based on a fee, IOT setups either resulted in very high costs or the projects ended before they started. Here, Aleph Zero has brought a solution to this. In parentheses, we know that Cypherpunk groups have been working on IoT technology, which we call the Internet of Things, and the accompanying encryption technologies since the 1970s, and that today's technology was again laid by Cypherpunks. So, are the Web3.0 problems that Aleph Zero has resolved to end? It's not over! On this platform, separate services are also offered for supply chains in line with the Hub&Spoke distribution paradigm. All stages of production, distribution and logistics can be added to this network, a record can be created, historical tracking can be provided, and a complete story of the product can be created with data matrix. In fact, we can say that this can make the supply chain management used today much easier in Web3.0. Since the Aleph Zero network allows for exchange swaps and asset digitization, it can also be used simply in many areas such as trading, stock and bond exchange, game swap, as well as many land registry transactions. In the future, when we fully transition to Web3.0, the internet will be our own computer. That's when this platform will offer web browsers a decentralized, built-in domain name system. This will increase the privacy and processing speed, so it is worth remembering that most of the Web3.0 discussions are due to low speed. We got tired even describing the problems that Aleph Zero overcame, but how many years do you think the construction phase of the project took? After five full years of math professors and cryptographers working on this project, Aleph Zero launched the first version of its main net on November ten, two thouthand twenty one.
From the end of two thouthand seventeen to this date, it also took the Web3.0 foundation behind it and collected a full fifteen million dollar investment. He also joined the Substrate Builder Program and expanded his team to more than thirty people. Let's put it this way, backing the Web3.0 foundation means we can say hello to our new internet infrastructure. It may not be called Aleph Zero, but it would not be a mistake to say that this infrastructure will most likely evolve into Web3.0 by developing it. In other words, Aleph Zero may be our new internet, friends. When we came to the technical details of the project, one of the points that caught our attention was that Trail Of Bits did the audit. This company is a world-renowned cyber security and research company that has conducted security audits of dozens of blockchains to date. When we look at the road map section, we see that the first two phases have been completed. These are Golang consensus benchmarks and scalability protocols. The third phase is currently working on more consensus and scalability. When we look at the next phases, a private web wallet and a web browser welcome us. I said we might have a new internet now, and it seems to be coming slowly. There is no need to extend the partnerships part too much, I think this screen is big enough for all of us to see. Because there are many crypto and cyber security companies, Switzerland - Poland Blockchain foundations and dozens of Capital companies. When we come to the team, it seems like the scientists who invented the computer and mathematics science wink at us. CEO and founder DR.Matthew Niemerg is a scientist who for years has squandered Mathematics and Computer Science at Colorado State University. A few years later, he became famous at IBM for developing the fastest running algorithms on the world's largest computer. He then establishes Aleph Zero after Cardinal Cryptography, which he founded in the field of encryption technology. So there is no harm in calling it a mastery project. Already, Aleph Zero uses Cardinal Cryptography's team and technology. He also showed this among partnerships. Let's come to the second key name; Antoni Zolciak, partner of the project and CMO responsible for marketing. After extensive marketing and business education, including Harvard Business School, he worked with Robert Gryn for a while at Codewise and then co-founded Cardinal Cryptography with Dr. Niemerg.
Just to mention, Codewise is Europe's fastest growing marketing agency and was founded by Tenset founder Robert Gryn. Later, when DR.Matthew Niemerg establishes Aleph Zero, he is included among the partners of the project and takes the position of CMO. It is worth saying that Antoni Zolciak is the most authoritative name in this project after the CEO. After sharing the details about what AZERO is, let's come to the part about what it could be and share our own thoughts. If we had been talking about AZERO last month, frankly, we would have been talking much more bravely. Because the supply of AZERO is unlimited just like Terra Luna. Don't get this analogy wrong, not just LUNA and AZERO, but many blockchains with unlimited supply, with some exceptions. For this reason, we cannot say that such a danger may occur in the future, unfortunately, it will never occur. In other words, the answer to the question of whether he can print coins continuously in AZERO, as a technical infrastructure, is "yes, he can". This means potential concern for investors. Maybe something like this will never happen, but unfortunately the whole market has been negatively affected by it. and so no matter how good the project and team are, it gets confused for the investor. Therefore, it is useful to consider this when making an investment decision. Apart from this exceptional situation so far, AZERO may be a much talked about project in the upcoming periods. When we look at it through its own blockchain browser, seventy five million of the three hundreed million units supply is in circulation, close to two hundred million are staked and the rest are locked. I think the locks of those who buy from the pre-sale will go into circulation supply over time. The price is $1. The price is not cheap compared to the crypto money that was released five months ago and only three exchanges. In summary, while the visionary part of azero attracts us, market conditions leave us undecided. This does not mean that we are necessarily investors to follow the project. I think it is one of the conditions of being in this market to follow the developments of AZERO in the upcoming processes. The price is $1. The price is not cheap compared to the crypto money that was released five months ago and only three exchanges. In summary, while the visionary part of azero attracts us, market conditions leave us undecided. This does not mean that we are necessarily investors to follow the project. I think it is one of the conditions of being in this market to follow the developments of AZERO in the upcoming processes. In the next 10 years, while the whole world is providing technology through blockchain and its alternatives, AZERO's position may be very important when trade starts to revolve with cryptocurrencies. In this case, I can say that it is exciting to get to know AZERO from its first months.
