Aleph Zero AZEROBoost Price $ 0.00687

Aleph Zero is a layer-1 public blockchain that is fully integrated with the Substrate stack. It hopes to address the issues facing current blockchain infrastructures, in particular by offering faster speeds, validation times, higher levels of scalability, and security.

Aleph Zero leverages DAG (Directed Acyclic Graph) technology in order to run its consensus mechanism, AlephBFT, that powers the platform. As such, it uses a practical approach to the transfer of value and the use of smart contracts.

What are Aleph Zero key features and how does it work?

As mentioned, a key feature of the Aleph Zero platform is the AlephBFT consensus mechanism. It is a variation of the Proof-of-Stake mechanism that has been built and designed specifically for the protocol. In more detail, it combines PoS with a DAG infrastructure to ensure that transactions are quickly validated.

In terms of Proof-of-Stake, the protocol has a predetermined number of rotating validators at the core of the mechanism. They work to ensure that truthful transactions are validated on the blockchain. The DAG infrastructure is only used as an intermediary which means that transactions can be validated quicker and thus have lower fees.

What is noteworthy about Aleph Zero?

The project also uses zero-knowledge proofs (ZKPs) and secure multi-party computation (sMPC) which allow user data to remain secure and private. Essentially, the two pieces of technology work together to ensure that data is revealed only with approval from the owner of the data under question.

What can Aleph Zero be used for?

Aleph Zero can be used within a range of sectors for different purposes. This includes supply chain management, virtual game assets, decentralized domain name systems, asset digitization, notary signatory, as well as, Internet of Things and much more.

Some examples of projects building on top of the Aleph Zero blockchain include:

• MME - an advisory firm that supports innovative companies across many industries.
• DRKVRS - a metaverse-based gaming platform that allows participants to interact with adult themes.
• Nova Wallet - a crypto wallet built for experienced traders, as well as those just entering the space.

Where can you buy AZERO?

OVR is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are MEXC Global and Gate.io. The price of OVR will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for OVR market prices, please view the price charts on this page.