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Blockchain Trilemma officially solved by 7 PhD’s, 30+ member team
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It took a team of 30 highly credentialed and accomplished individuals - including 7 math PhD’s - 4 years to come up with a solution to the blockchain trilemma, and that solution and Mainnet just went live 3 days ago. Fully scalable and consisting of near fee-less transactions and instant finality, it’s called Aleph Zero ($AZERO).

The list of previous accomplishments of the Aleph Zero team includes ACM ICPC World Finals, first prize in International Mathematics Competition, or Simons-Berkeley Research Fellowship. On the business front, our employees and contractors gained experience at organizations such as IBM, ABB, Stellar, Codewise, Capgemini, ING Bank, Admind Agency, TIBCO Software, Google, Uber, or Riverbed Technology.

To let you understand Aleph Zero’s value, we must expand on the challenges that the blockchain industry has been experiencing ever since its beginning. Before we can make truly groundbreaking, decentralized products, we need to solve what is commonly referred to as the “Blockchain Trilemma”. This is generally associated with problems in the following areas: Privacy, security, scalability, cost and speed. We solved these challenges.

Aleph Zero aims to solve the blockchain trillema while ensuring that the developers can focus on innovation without being limited by the technology stack.

We believe Aleph Zero is the most innovative protocol in the business and that our algorithm is unmatched in sophistication. Aleph Zero solves the challenges that prevented other technologies from becoming widely used, even if they were widely known.

Aleph Zero is built for enterprise, Web 3.0, and DeFi use-cases. Aleph Zero is a Proof-of-Stake public blockchain with private smart contracts built from the first principles. We combined an original, aBFT consensus protocol with a privacy framework based on Zero-knowledge Proofs (ZKPs) and secure Multi-Party Computation (sMPC) with the Substrate stack.

We recognize the real-world potential of DLTs. We also acknowledge its current shortcomings and inefficiencies. The current technology was not able to bring many decentralized ideas to life. And that’s why we had to build Aleph Zero–a protocol that would solve the industry challenges first to solve real-world problems.

We trust that enterprises and SMBs can greatly benefit from a public, peer-reviewed platform with private transactions. Aleph Zero will also be capable of synchronizing with other blockchains and running smart contracts—and its privacy framework can be used on all the major chains. Moreover, the team is working on a truly trustless universal wallet called Common.

  • AlephBFTAn original, peer-reviewed, DAG-based consensus protocol
  • CloudDecentralized file storage / IPFS
  • Private Smart ContractsScalable, self-executing, private smart contracts
  • CommonDecentralized Exchange (DEX) and a Decentralized Dark Pool
  • LiminalMultichain privacy layer usable across all networks that bridge to Aleph Zero
  • Substrate integrationAlephBFT is integrated with the Substrate stack to ensure wider adoption and premier user experience
  • OracleInformation bridge between the external world and the Aleph Zero ecosystem

[Alephzero.org](alephzero.org)

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2 years ago