Aleph.im is an open-source cross-chain network with a decentralized database including file storage, computing and a decentralized identity framework (DID). Aleph.im’s main mission is to help decentralized applications and protocols eliminate centralized portions 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-tech, cross-blockchain layer 2 network specifically targeted at 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 that support smart contracts, the current state of applications is written (or calculated) on a blockchain, this is immutability. Immutability can be a great feature for archive data, but what if you want immediate action, aggregating user requests for non-critical items? You need a second layer of truth, a distributed state that you can influence by signing messages. Agents then confirm messages on the blockchain to users, encouraged by the network token. Agents spend the original chain asset and receive the token in exchange for their service.
This enables free and direct 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. The decentralized network is off-chain, but can only be used over blockchain networks. This enables important functions such as security and advanced crypto economics.
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 for sharding – subnetting of all resources in the aleph.im network. You can think of shards as special cloud clusters.
How are transactions handled?
Onchain transaction fees are free to 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 costs are minimal. Finally, aleph.im offers delegated transactions. These transactions are managed by the network, so users don’t have 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, meaning data is replicated across aleph.im and IPFS nodes.
What products are already built on Aleph.im?
- Disable DApp
- Personal Storage DApp
- DApp Blogging (Technical Example)
- The aleph.im site itself is hosted on the Aleph.im network
- Starname, which uses our decentralized database to store the encryption profile details
What tools does Aleph.im offer 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 runs on Aleph’s unstoppable decentralized network rather than a centralized service like AWS or Google Cloud. This is the first generation of fully decentralized applications. Aleph components to use in your development:
- decentralized database
- IPFS storage for images and documents
- virtual machines
- SDK for interacting with the Aleph network
- DEX (decentralized exchange) order book – Runs on Aleph’s decentralized database.
- 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 – Internally customized 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 with no off-chain workarounds that work in 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 collecting dust. In the near future, Aleph tokens can be used for network storage (for dApp owners, device vendors, and the user themselves when using an unstimulated dApp).
You can also use Aleph tokens to sync across chains (for dApp owners) and pay for compute power in CPU/GPU intensive VMs (e.g. machine learning). These are just some of the use cases we envision, but there will be many more in the future, and Aleph is being tested as proof of concept (POC) in multiple projects. ALEPH It has a circulating reserve of 245,676,229 ALEPH coins and a max of ALEPH tokens.
Where can I buy the ALEPH token?
The ALEPH token can be purchased on several major cryptocurrency exchanges, including the main ones: MEXC, FTX, KuCoin, and Gate.io.
Aleph.im (ALEPH) Price Forecast
The price of Aleph.im is expected to hit a high of $0.588 in 2022. According to our Crypto Price Prediction Index, the price of Aleph.im (ALEPH) could reach a maximum level of USD 1,131 USD 0.841 in 2023, with an average trading price of USD 1,363 in 2025. According to our Crypto Price Prediction Index, ALEPH is expected to cross an average price level of $XNUMX,K in XNUMX.
Aleph.im’s expected minimum price at the end of the current year is expected to be $1,259. In addition, ALEPH may reach a maximum price level of $1,206,2030. The price of Aleph.im is expected to hit its lowest possible level of $2.225 in 1,677. According to our Crypto Price Prediction Index, ALEPH’s price 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.
More information about ALEPH
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