Bitcoin Forum

Elexium Finance is going to launch as the first VE DEX on Alephium in the coming months!


First of all, Alephium is a sharded POW Layer 1 sitting at 160M mcap. It has shown strenght with organic growth in the past months and years when we look at the Community and the Ecosystem.
You may have heard about it from the ASICs Announcements of Bitmain, Iceriver and Goldshell.


If you didnt, it´s wort to look into it: www.alephium.org


But not only ALPH is something worth to invest in. Personally I look into Ecosystem gems, where you have the chance to be early, and if ALPH blows up they will blow up too.


One of these is the VE DEX Elexium.


Why?

Elexium has a Team which already built the main DEX, and even the main dApp on Alephium right now: ayin.app

They are trusted community devs, and have proven already to have success with what they are doing. (Not only on Alephium ;) )

Elexium is in development stage right now. However, there will be whitelists for the Community and it´s a chance for you to get into something early - and it will be exciting!


Follow their Socials:


Twitter: https://x.com/ElexiumFinance

Telegram: https://t.me/elexiumfinance



What is a VE DEX???



Up to the team for exact models functions and tokenomics but basically means Vote Escrow or some variation thereof:

Vote escrow solutions range from incredibly simple to rather complex.

The Ve(3,3) Model
Ve(3,3) combines the principles of vote escrow (ve) with the game theory of (3,3). When users lock tokens, they gain voting power and secure their share of the protocol.

Vested Vote Escrow (): This idea was popularized by Curve Finance. In veNomics, tokens are locked for a period to provide voting power. The longer the tokens are locked, the more voting power the holder gets. This encourages long-term holding and alignment with the protocol's goals.

Nash Equilibrium for Token Emissions (3,3): This concept comes from Olympus DAO, where the "3,3" game theory refers to cooperative strategies leading to mutually beneficial outcomes for all participants.










What is Alephium?

$ALPH is a scalable and sharded blockchain with G groups and G*G shards, and is built on a novel sharding algorithm called BlockFlow. It leverages a stateful UTXO (#sUTXO) model and #DAG data structure to deliver efficient and practical sharding, enabling $ALPH to support over 10,000 transactions per second while preserving a seamless 'single-chain' user experience and supporting cross-shard transactions natively without using locks or other synchronization mechanisms.

Currently, #Alephium has 4 groups and 16 shards on its mainnet.

Definition. (blockflow) A #blockflow is G X G
G×G forks with one fork for each Chain such that these forks have correct input/output dependencies and no double spending. @Blockflow_DAO
 

G represents the number of groups which For example, with 4 groups, the total number of shards is GxG

G×G, which equals 4x4=16

4×4=16 shards. Thus,
G
G is the square root of the total number of shards in the network.

Alephium's sharded blockchain architecture is designed to be scalable in parallel. This means that as the number of groups, G, increases, the network can handle more transactions simultaneously. Each group operates in parallel with other groups, processing its own set of transactions and maintaining its own subset of the blockchain's state.

🌲Parallel Processing: Each group and its associated shards can process transactions independently of other groups, allowing for concurrent transaction processing across the network.

🌲Increased Capacity: By adding more groups, the network's capacity to handle transactions increases, allowing it to support a larger number of transactions and smart contracts.

🌲 Single-step cross-group transactions:
This allows something unique, asset transfers between groups in one step as there is no need of asset transfers between chains due to Alephium’s unique 2-dimensional sharding structure.

🌲Group-Level Sharing:
Addresses are organized into distinct groups, with the mainnet currently comprising four groups (0, 1, 2, 3), scalable to 32 groups.

🌲Transaction-Level Sharding:
Transactions are partitioned in specific chains, defined by the transaction’s origin and destination group. If there are G groups on the network, there are G*G chains. As a result, the mainnet currently has 16 chains and can scale to 1024.

Whether the user transacts between addresses in the same group or across groups, transactions are seamlessly handled in a single step tx, sharing identical characteristics and secured by Alephium’s innovative Proof of Less Work (#PoLW) mechanism.

🌲DAG:
Directed Acyclic Graph is a data structure that can conceptually represent a series of activities and their interrelationships. Comprised of nodes interconnected by directed edges, it ensures the orderly treatment of sequences of transactions, prevents double-spending of coins, and safeguards against network rejections. It’s like a safety check to maintain fair and secure transactions or a transaction family tree.

By leveraging the consensus rules within the DAG-based structure, BlockFlow ensures the correctness and security of transactions across all groups. This sets it apart from traditional sharding algorithms as it offers a more efficient and a better Developer and User Experience due to those single step cross-group transactions. 😎

Alephium is a gem <3 excited for Elexium, AlephiumBanX and so many other things that are coming within the next couple months!


We're all early on Alephium  :)