Aleph.im is an open-source cross-chain network with a decentralized database including file storage, computing, and a decentralized identity framework (DID). The main mission of Aleph.im is to help decentralized applications and protocols eliminate centralized parts of their stack, achieving a fully decentralized architecture. You can think of aleph.im as a decentralized AWS or Firebase. Aleph.im is focused on supercharging the DeFi ecosystem. Keep reading the article to learn more about the Aleph.im project and if it’s worth it.
What is Aleph.im (ALEPH)?
Aleph.im is a cross-technology, cross-blockchain layer 2 network specifically focused on decentralized applications (dApps) and their security-related infrastructure. Aleph.im aims to revolutionize the IoT, the web and the cloud as we know it by being the first cloud-native blockchain.
Currently, in most blockchain projects supporting smart contracts, the current state of applications is written (or computed) on a blockchain, this is immutability. Immutability can be a great feature for archival data, but what if you want instant action, aggregating user requests for non-critical items? You will need a second layer of truth, a distributed state that you can influence by signing messages. Agents will then confirm messages on the blockchain to users, encouraged by the network token. Agents will spend the native chain asset and receive the token in exchange for their service.
This enables free and instant interaction with dApps for users, with efficient batch insertions into the blockchain for maximum immutability and security. Storage of files and messages (content) is also encouraged and distributed. Aleph is the first project of its kind! It allows any developer to build large applications (think internet-scale, such as large “social apps”), hardware devices that can communicate with a powerful distributed cloud (aleph.im!), And many others.
How does Aleph.im (ALEPH) work?
Aleph.im is a unique blend of decentralized onchain and offchain technologies. Its decentralized network is off-chain, but it can only be interacted through blockchain networks. This enables important features such as security and advanced cryptoeconomics.
Aleph.im is already compatible with many top blockchain projects, including Ethereum, Polka Dot, Cosmos, and BinanceChain. This allows any project built on these platforms to integrate with our decentralized database and file storage. Finally, aleph.im implements a channeling mechanism that allows sharding – subnetting of all resources in the aleph.im network. You can think of shards as dedicated cloud clusters.
How are transactions handled?
Onchain transaction fees are free for users as long as web application teams pay for it, which is a similar business model to Web2 where application owners pay cloud providers like AWS. On-chain transactions are bundled, so fees are minimal. Finally, aleph.im offers delegated transactions. These transactions are managed by the network, so users do not need to manually resubmit a transaction or adjust its fees.
How is the data managed?
Data is private and encrypted by default, with the option to make data public. Data is only stored in the minimum required number of nodes. Data can be stored on nodes at specific geolocations. Aleph.im is IPFS compliant, which means data is replicated across aleph.im and IPFS nodes.
What products are already built on Aleph.im?
- Staking DApp
- Personal Storage DApp
- DApp Blogging (Technical Preview)
- The aleph.im site itself is hosted on the Aleph.im network
- Starname, using our decentralized database to store encryption profile details
What tools does Aleph.im provide builders?
- Aleph.im Network Explorer
- Aleph.im Token Swap to exchange your ALEPH tokens between NEO, NULS and Ethereum networks
Why use Aleph.im?
To create dApps without centralized components. Data storage and business logic run on Aleph’s unstoppable decentralized network rather than a centralized service such as AWS or Google Cloud. This is the first generation of fully decentralized applications. Aleph components you can use in your development:
- decentralized database
- IPFS storage for images and documents
- virtual machines
- SDK to interact with the Aleph network
Use case :
- DEX (decentralized exchange) order book – Works on the decentralized database of Aleph.
- Document Certification – Guaranteed by Aleph’s Trustless System.
- KYC Metadata – KYC (Know Your Customer) meets DID (Decentralized Identifiers): Onboard new users seamlessly. A single KYC can now be used multiple times.
- NFT Metadata – Fully decentralized NFTs when NFT metadata is stored in Aleph.
- Document Management – In-house custom DMS running on Aleph’s database and decentralized file storage.
- Cloud Storage / Website Hosting – Host your static website built in HTML + CSS + JS on the Aleph Network.
- Real-time DApps – Build real-time DApps without off-chain workarounds that work across multiple chains.
- Social Apps – Censorship resistant social media app.
The ALEPH token is designed to be embraced and used, not just sitting on a wallet and gathering dust. In the near future, Aleph tokens may be used for network storage (for dApp owners, device vendors, and the user themselves if using a non-incentivized dApp).
You will also be able to use Aleph tokens to sync across chains (for dApp owners) and pay for compute in CPU/GPU-intensive VMs (e.g. machine learning). These are just a few of the use cases we imagine, but there will be many more in the future, and Aleph is being tested in multiple projects as a proof of concept (POC). ALEPH It has a circulating reserve of 245,676,229 ALEPH coins and a max. of ALEPH tokens.
Where to buy the ALEPH token?
The ALEPH token can be purchased on several major cryptocurrency exchanges, among the most important: MEXC, FTX, KuCoin and Gate.io.
Aleph.im (ALEPH) Price Prediction
The price of Aleph.im is expected to reach a maximum level of $0.588 throughout 2022. According to our Crypto Price Prediction Index, in 2023 the price of Aleph.im (ALEPH) might reach a maximum level of 1.131 0.841 USD, with an average trading price of 2025 1.363 USD. According to our Crypto Price Prediction Index, in XNUMX, ALEPH is expected to cross an average price level of $XNUMX,K.
The minimum expected price of Aleph.im at the end of the current year is expected to be $1.259. Moreover, ALEPH can reach a maximum price level of $1.206.2030. The price of Aleph.im is expected to reach the lowest possible level of $2.225 in 1.677. According to our Crypto Price Prediction Index, the price of ALEPH could reach a maximum possible level of $10,000, with an expected average price of $1,000.
Aleph.im is a distributed cloud platform that provides its users with reliable serverless computing, file storage, and database hosting services. Aleph.im offers a decentralized solution that can compete with traditional centralized cloud computing. It provides dApps from any chain for instant access to database solutions through its scalable peer-to-peer network and programming language-agnostic interface. PortalCripto hopes that the information in this article has provided the necessary information about the Aleph.im project.
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What is aleph.im crypto token (ALEPH), DeFi technology and price prediction? | PortalCrypto
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