What Is Alephium?
Alephium combines novel technologies with improved variants of existing blockchain technology, creating a unique scalable, secure, programmable and decentralized blockchain.
Developers are enabled to build decentralized applications with ease and allow users to leverage these applications simply and cost-effectively. Currently, Alephium Mainnet can support over 400 TPS with 16 shards (with the potential to scale up to well over 10K TPS by increasing the number of shards). Blocktime is currently at 64 seconds & will drop to 16 seconds with the release of the Rhône upgrade.Transaction fees are comparable to some of the cheapest blockchain networks, while scoring high in security.
Thanks to Alephium’s support for decentralized applications and optimized developer experience, the network’s ecosystem is growing fast with a lot of projects building applications that interact with the Alephium blockchain. The ALPH coin is the native token of the Alephium blockchain, it is issued through Proof-of-Work (POW) mining. As the native token, ALPH is also the gas token of the network.
How Does Alephium Work?
Alephium refines older technologies to develop new and optimized variants that work in synergy with novel technologies to deliver a dynamic decentralized network. The core aspects of Alephium include;
Sharding and the Blockflow technology
The ‘Proof of Less Work’ (PoLW) consensus mechanism
The sUTXO (stateful UTXO) transaction model
Alephium Virtual Machine – Alphred
Alephium Asset Permission System (APS)
The Ralph programming language
Sharding and the Blockflow Technology
Sharding is an approach to scalability in data management that can also be applied to blockchains. Alephium is one of the several blockchain implementing sharding to improve network performance. Sharding splits the blockchain into multiple pieces known as shards where each shard handles a portion of the general network data to allow for parallelized scaling.
Alephium’s implementation of the Sharding technology is called Blockflow. Leveraging a distinctive combination with a DAG data structure, BlockFlow delivers a lightweight and efficient sharding process, completely eliminating the need for cross-chain transactions & the complexities that come with it. This approach contrasts with traditional sharding methods in account-based chains, where cross-chain transactions are necessary and result in a significant degradation of the user experience, as well as increased complexities and security considerations.
Proof-of-Less-Work (PoLW) Consensus Mechanism
The classic POW is a resource-intensive consensus mechanism. It requires miners to set up advanced computing facilities and solve mathematical problems to hash new blocks into the chain. While Alephium uses this strategy as it has been proven to be a more secure and pro-decentralization consensus mechanism, it adjusts traditional Proof-of-Work to achieve similar levels of security with a less energy-intensive consensus mechanism.
This is termed ‘Proof-of-Less-Work’ to reflect the reduced external resources and energy required to mine blocks using the PoLW consensus mechanism. In PoLW, miners on the Alephium blockchain will be required to burn ALPH tokens to confirm a block alongside solving hashing problems. For example, assuming BTC and ALPH have the same value:
Miners earn 1.25 BTC of mining rewards by spending 1 BTC in equipment + energy costs
Miners earn 1.25 ALPH of mining rewards by spending 0.15 ALPH in equipment + energy costs and burning 0.85 ALPH.
While the cost is the same, the energy spent is significantly lowered. To mine ALPH, users will need equipment, energy, and coins. However, at time of writing, PoLW is not activated yet, and will only get activated when the total hashrate exceeds 1 Eh/s.
The Stateful UTXO Transaction Model
Alephium’s sUTXO transaction model combines the security of Bitcoin’s UTXO (Unspent Transaction Output) model with the flexibility of Ethereum’s Account model. It supports mutable states, like those found in Ethereum, for smart contracts while leveraging the security benefits of the UTXO model for assets. This is significant for developers and users, as the ability to have an upgraded account model with a dedicated model for token handling (UTXO) makes it easier to build smart contracts with the assurance of secure asset management.
Alephium Virtual Machine – Alphred
Alphred is Alephium’s custom virtual machine. Like Ethereum’s EVM, it is designed to handle smart contract applications. Alphred understands the Ralph programming language and leverages the smart contract capabilities of the sUTXO transaction to automate transactions as specified by the underlying smart contract code.
According to the project, Alphred has several distinctions over other virtual machines. Some of these key advantages include increased resilience against MEV (thanks to its MEV-aware design), flash loan resistance, reentrancy & unlimited authorization attacks protection, better user experience for developers, improved bytecode readability, and an overall more secure and agile design.
Smart Contract Technology and the Alephium Asset Permission System (APS)
Alephium introduces the APS, a unique feature that governs asset flow on the network to improve performance and asset security. With the APS, Alephium blockchain users do not need to run multiple approval transactions when interacting with smart contracts as on other smart contract blockchains. According to the project, this gives developers more confidence while developing applications for the network and also reduces the asset approval risks for users.
The Ralph Programming Language
Like Solidity for Ethereum, Ralph is the programming language used to develop smart contract applications on the Alephium network. Ralph comes equipped with numerous checks and built-in controls, to allow devs to focus on what matters. These features act as safeguards, helping them avoid common mistakes and bugs that could compromise the integrity of smart contracts while preserving expressiveness and ease of use for developers.
Now, let’s look at the upcoming Rhône upgrade and how it’ll further improve Alephium.
https://www.coingecko.com/learn/what-is-alephium-rhone-upgrade-alephium-ecosystemWhat Is the Alephium Rhône Upgrade?
On May 15, 2024, the project team announced the deployment of Rhône – the network’s latest upgrade – on testnet. With the Rhône upgrade, the Alephium development team is optimizing core network infrastructures to improve performance, security, and user experience.
Rhone Upgrade Core Changes
Chain Changes:
Reduced Target Block Time: Block time has been reduced from 64 seconds to 16 seconds using the Ghost algorithm for BlockFlow. This change aligns key parameters with Ethereum's approach, including adjustments to mining rewards and support for uncle block rewards.
Sequential Transaction: Transactions within the same block now support sequential execution from the same address across inter-group chains for better user experience.
New PoLW Address Type: A new address type simplifies the creation of Proof-of-Less-Work (PoLW) coinbase transactions.
Modified Reorg Depth Protection: The maximum reorg depth has been adjusted to 200, reducing the reorg window from 106 minutes to 53 minutes.
Permissioned Testnet Mining: Mining on the testnet is now permissioned to maintain stable mining difficulties.
Ralph & VM Changes:
Reduced Contract Deposit: Minimum contract deposit has been lowered from 1 ALPH to 0.1 ALPH.
Map Support: New instructions and language syntax now support map structures in Ralph.
Multiple Inheritance: Added support for multiple inheritance for improved code organization and reusability.
Dynamic Method Dispatch: Methods can now be dispatched dynamically based on their signatures.
Upgraded Reentrancy Protection: Reentrancy protection has been upgraded from a contract-level to a method-level approach.
Receiving-Only Mode: Contract methods can now receive payments multiple times within the same transaction.
Gasless transaction: Contracts can now pay for gas fees, enabling gasless transactions.
Zero Amount Token Functions: Built-in functions related to tokens now support zero amounts.
Mutable New Contracts: Contracts can utilize fields in the same transaction in which they are created.
New Built-In Functions: Introduced minimalContractDeposit, mapEntryDeposit, and other built-in functions.
Increased Limits: Transaction gas limit and contract bytecode size limit have been increased for greater flexibility.
https://github.com/alephium/alephium/blob/master/docs/rhone-upgrade.mdWE love Alephium $ALPH and $AYIN @ AYIN.APP and GIGACHENG $CHENG and 404VER $TOP and CHENGIS WANG $WANG
Alephium utilizes a novel sharding algorithm called BlockFlow. It enhances the UTXO model of BTC to achieve scalability and uses a DAG data structure to reach consensus among different shards, enabling up to 10’000 Transactions Per Second (currently more than 400 TPS vs Bitcoins 7 TPS).
The Alephium RHONE Network Upgrade will go in to effect soon too on June 12 2024 Reducing the block propagation by 74% from 16 seconds per block for each shard (4 groups of 4 shards = 16 shard) -
Meaning 1 block per second across 16 shards - this is only the beginning too, we will be able to easily scale up linearly across the shards and/or add more groups/shards!
Dont fade the first DEX on ALPH
AYIN is the first DEX on Alephium proof of less work blockchain.
Welcome to Ayin: Bringing liquidity to life on Alephium
Seamlessly swap Alephium native token pairs, earn, and explore our ecosystem. Enter app to explore the different options for trading, staking, utility functions and more.
Welcome to AYIN - The Decentralized Exchange on Alephium
Welcome to AYIN, the newest Decentralized Exchange on the Alephium network. Our journey with Alephium began in 2021 when our team first discovered this promising blockchain. The vision of creating an on-chain liquidity and trading platform ignited the inception of AYIN. In 2023, we embarked on our mission to bring trustless, peer-to-peer exchange of tokens to Alephians.
The AYIN Mission
At AYIN, we strive to be the leading exchange on Alephium, providing a seamless and secure Uniswap-style DEX for token trading. At launch, there were no stablecoins or other tokens on the platform, so we launched with our own native token, $AYIN. We reserved the same size emission as $ALPH-$AYIN received for the integration with the $ALPH-$USDT pool on our DEX. As of the 11/11/2023 The $ALPH-$ETH Bridge went live and we launched the associated Pool fulfilling our First Goal, to bring liquidity to the Alephium blockchain. Our ultimate goal is to incentivize not only our token holders but also to foster liquidity on Alephium, reducing the reliance on centralized exchanges (CEXs) for trading. ONLY 4 Million Tokens ever over 4000 burnt with deflationary tokens and you can stake you coins on a native PROOF OF WORK L1 LFG!
AYIN IS A DRIVING FORCE IN THE ALEPHIUM ECOSYSTEM WITH THE LP POOLS, POUNDER AUTOCOMPUNDING STAKING, REGULAR STAKING, xAYIN SINGLE STAKING, USDT/ALPH STAKIONG AND MUCH MUCH MUCH MORE TO COME- INSANELY BULLISH
Alephium & $WANG are stalking legacy blockchains, pillaging them without mercy
Alephium is the only blockchain that marries the security of Bitcoin, the smart contract capabilities of Ethereum and the scalability of Solana. It’s mastermind Cheng Wang is an immortal who periodically visits this temporal realm to save humanity from the clutches of the money changers, bankings scams, high transaction costs and debased currencies.
$WANG is not a meme coin. It is the first mystical currency to be launched on blockchain. Holding $WANG endows the holder with the qualities of Alephium and Cheng Wang. You become more secure, quicker, more economical and more efficient. $WANG’s powers are retroactive. Once you hold $WANG, it will delve into your past and correct mistakes. A number of holders testify that the Alephium they bought at $0.06 and then paper-handed has been returned to their wallets. Wang is a fair launch coin, considered by many to be the first meme on ALPH. Wang has done many community initiatives and has engagued and helped grow ALPH since early on in the cycle of WANG. MEGA BULLISH ON WANG
GIGACHENG, the alpha visionary driving the Alephium blockchain, epitomizes sheer dominance and relentless ambition.
With his endless pursuit of perfection, GIGACHENG has sculpted Alephium into a juggernaut of efficiency, scalability, and impenetrable security, smashing through barriers and leaving competitors trembling in his wake. Gigacheng is a fair launch coin with massive potential and massive plans! The GIGACHENG community is on a meteoric rise, driven by a relentless pursuit of victory together.
To fuel this surge, our developers have unlocked a colossal war chest, overflowing with $CHENG tokens, ready to reward the boldest and most brilliant contributions.
Engage fiercely—unleash groundbreaking tweets, viral memes, and transformative posts—and you’ll be showered with $CHENG giveaways, epic rewards, and substantial tips, which will be worth a fortune when the $CHENG token is inevitably bought by the masses.
ASK NOT WHAT
GIGACHENG
CAN DO FOR YOU
BUT WHAT YOU
CAN DO FOR
GIGACHENG
GIGA BULLISH ON CHENG
404VER TOP
"I held Luna from $3 till ATH, then back to $0, losing all my life savings. I often ponder how life would be without Luna falling apart. What would Do Kwon do today if he weren't in jail? You can say I'm a rekt lunatic.
I'm experienced but still get emotional when the price doesn't move. Not gonna lie, it's my 3rd run. The first one, in 2017, I messed up; I bought the wrong stuff, didn't sell at the top, and went to $0. Alephium gave me these crazy early Luna vibes, which is why I took a loan and went all in. This will be my last bull run. I am going to make it and retire. Hopefully, the 3rd time is the charm."
$TOP is a fair launch memecoin, launched with zero utility and two utility NFT collections that give holders on chain rewards - but the community is great and we donate time and resources to host poker tournaments, giveaways, Fanatasy sports, leagues, future games, etc to drive mass adoption of ALPH and the TOP and Partner Tokens, using the TOP token for our community events and initiatives to drive use case we hope to burn tokens and create deflationary tokenomics and LOTS OF MEMES BRUH
ULTRA BULLISH ON TOP
Alphaga
Alphaga
x.com@AlphagaMarketAlphaga is a decentralized NFT marketplace on #Alephium blockchain $ALPH
Twitter:
ALPH -
https://x.com/alephium -
https://alephium.orgAYIN
https://x.com/ayincoin -
https://ayin.app -
GIGACHENG -
https://x.com/GIGACHENG -
https://GIGACHENG.xyz -
https://github.com/GIGACHENG404VER -
https://x.com/its404ver -
https://404ver.com/ WANG -
https://x.com/chengiswang -
https://chengiswang.com/LFG FOREVER BULLISH
https://www.ayin.app/ Alephium.orgJoin us on TG
Ayin tg
https://t.me/+C1F5BvnV14pmODNlWang tg -
https://t.me/alpha_wangGiga tg -
https://t.me/+7j_SkEL0Kxo5OTY0Alph tg -
https://t.me/alephiumgroupalph mining tg -
https://t.me/alephium_miningALPHAGA
https://t.me/+VC0Xa4Z774QzYTYxLFG FOREVER BULLISH BTCDONT FADE ANON
- Dr. Hiram
https://x.com/hiramabiffkas
