Aleph.im

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Discover Aleph.im's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Aleph.im?

Aleph.im (ALEPH) is an open-source, decentralized cloud computing network that provides scalable, interoperable, and censorship-resistant services. It combines on-chain and off-chain technologies to offer a decentralized database, file storage, and computing solutions, aiming to help decentralized applications (dApps) and protocols achieve a fully decentralized architecture. The ALEPH token serves various functions within the ecosystem, including payment for services, staking, and governance.

How is Aleph.im used?

Aleph.im (ALEPH) is a cryptocurrency that powers a decentralized, open-source network offering a range of services including decentralized databases, cloud computing, and file storage. Here's how it is used:

Payment for Resources
  • Staking Mechanism: Users must hold a certain amount of ALEPH tokens to use the network's resources, such as file storage and persistent virtual machines.
  • Stream Payments: Users can pay for resources using streams of ALEPH tokens on compatible chains, introduced with the launch of the TwentySix Cloud platform.
Governance and Utility
  • Governance: The ALEPH token is used for governance purposes within the Aleph.im ecosystem.
  • Utility: It serves as a utility token for various functions within the network, including payment for storage and computing services.
Interoperability and Integration
  • Cross-Chain Compatibility: ALEPH tokens function across multiple blockchain networks, allowing for seamless interactions between different chains.
  • Decentralized Identities: ALEPH tokens are used in conjunction with decentralized identities, enabling secure interactions with the network.
Node Incentives
  • Node Operators: Node operators are incentivized to maintain the network's integrity by receiving ALEPH tokens for their services.
Decentralized Applications
  • dApp Development: ALEPH tokens are used to support the development and operation of decentralized applications (dApps) on the Aleph.im network.

Overall, the ALEPH token plays a crucial role in facilitating the decentralized services offered by Aleph.im, ensuring the network's integrity and incentivizing node operators and users alike.

How do I store Aleph.im?

To store Aleph.im (ALEPH) tokens, you can use the Guarda wallet, which supports over 50 coins and 400,000 tokens, including ALEPH.

How to buy Aleph.im?

To buy Aleph.im (ALEPH) tokens, you can follow these steps:

Buying on a Centralized Exchange (CEX)
  1. Register and Verify an Account:

    • Create an account on a centralized exchange (CEX) that supports Aleph.im, such as Coinbase.
    • Verify your identity and secure your account by enabling two-step verification.
  2. Add a Payment Method:

    • Connect a payment method, such as a bank account, debit card, or wire transfer.
  3. Buy Aleph.im:

  • Search for Aleph.im on the exchange and select it.
  • Enter the amount you want to buy in your local currency.
  • Confirm your purchase.
Buying on a Decentralized Exchange (DEX)
  1. Choose a DEX:

    • Select a decentralized exchange (DEX) that supports Aleph.im, such as 1inch.
  2. Set Up a Crypto Wallet:

    • Download and install a Web3 crypto wallet like Metamask or Trust Wallet.
    • Create and set up a new wallet.
  3. Transfer Base Currency:

  • Transfer a base currency like ETH to your wallet address.
  1. Connect to the DEX:

    • Connect your wallet to the DEX by clicking "Connect Wallet" and following the instructions.
  2. Swap for Aleph.im:

    • Find the "Swap" option on the DEX.
    • Select your base currency as the "From" currency and Aleph.im as the "To" currency.
    • Enter the amount you want to swap.
    • Confirm the swap.
Additional Tips
  • Be cautious of scams and ensure you are using the official smart contract address for Aleph.im.
  • Research and understand the fees and risks associated with buying and trading cryptocurrencies.
  • Keep your seed phrase and wallet address safe to protect your assets.
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History of Aleph.im

Aleph.im (ALEPH) is a cryptocurrency that powers the Aleph.im network, a decentralized, open-source, and cross-chain platform. The project was founded by Jonathan Schemoul, also known as Moshe Malawach, in 2018. Moshe, a French programmer, aimed to create a decentralized network that would assist decentralized applications and protocols in removing centralized components from their architecture, ultimately achieving a fully decentralized ecosystem.

Aleph.im's primary goal is to revitalize the DeFi ecosystem by providing a scalable, interoperable, and decentralized infrastructure for web3 applications. The platform combines on-chain and off-chain technologies, allowing it to interact with various blockchain networks such as Ethereum, Polkadot, Cosmos, and BinanceChain. This enables projects built on these platforms to leverage Aleph's decentralized database and file storage capabilities.

The ALEPH token, which is the native cryptocurrency of the Aleph.im network, serves multiple purposes. It is used for staking, node operation, and payment for services such as storage and computation. The token is currently available on several blockchain networks, including Ethereum, BNB Smart Chain, NEO, and Nuls, but is expected to transition to functioning solely on the Aleph network in the future.

Aleph.im has a unique architecture that includes a decentralized identity system, a decentralized database, and file storage. The network is composed of two types of nodes: Core Channel Nodes (CCNs) and Compute Resource Nodes (CRNs). CCNs act as the entry points to the network, while CRNs handle the actual computation and storage. This architecture allows for sharding, which enables the creation of subnetworks with all the features of the Aleph network.

The project has made significant progress since its inception, with a focus on providing fast, reliable, and scalable solutions for decentralized applications. Aleph.im's vision is to create a decentralized web and cloud infrastructure that can support large-scale applications such as social networks, web apps, and IoT providers.

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How Aleph.im works

Aleph.im (ALEPH) is a decentralized cloud computing and storage network that leverages blockchain-related technologies to create a scalable, interoperable, and secure platform for decentralized applications (dApps) and protocols. Here's how it works:

Key Features
  1. Decentralized Cloud Computing:

    • Aleph.im offers a decentralized alternative to traditional cloud computing services like Amazon Lambda. It allows dApps and protocols to access decentralized cloud computing, data, and storage across multiple blockchain networks.
    • This platform is designed to be blockchain-agnostic, meaning it can be integrated with various blockchain systems, ensuring interoperability and flexibility.
  2. Data Indexing and Storage:

    • Aleph.im provides decentralized data indexing and storage solutions, enabling the creation of decentralized documentation systems, Know-Your-Customer (KYC) and non-fungible token (NFT) metadata frameworks, and decentralized identity (DID) solutions.
    • The platform supports various storage solutions, including immutable volumes and file storage, which are private and encrypted for secure data management.
  3. Cross-Chain Capabilities:

  • Aleph.im's cross-chain functionality allows developers to build applications that can operate across multiple blockchain networks, enhancing the potential for innovation and collaboration.
  • This feature is crucial for the future of blockchain technology and the creation of Web3, as it enables seamless interactions between different blockchain ecosystems.
  1. ALEPH Token:

    • The ALEPH token serves as both a governance and utility token within the Aleph.im ecosystem.
    • It is used for payment for storage and computing on the network, as well as for network synchronization fees for developers and users.
    • The token is currently hosted on multiple blockchain networks, including Ethereum, BNB Smart Chain, NEO, and Nuls, but is expected to transition to functioning entirely on the Aleph network in the future.
  2. Blending On-Chain and Off-Chain Technologies:

    • Aleph.im combines on-chain and off-chain decentralized technologies to provide advanced crypto-economics and increased security.
    • The off-chain component is the decentralized network, while the on-chain part is the blockchain network through which it is interacted with.
Use Cases

Aleph.im is designed to support a wide range of use cases, including:

  • Decentralized documentation systems
  • KYC and NFT metadata frameworks
  • Decentralized identity (DID) solutions
  • Decentralized exchange (DEX) order book systems
  • Cloud storage systemization
  • Real-time dApps for users and developers
  • Decentralized finance (DeFi) applications, such as cross-chain composability and interchain liquidity
  • Censorship-resistant NFT economies and dApps for the Internet of Things (IoT), blockchain social media, and web hosting
Benefits

The key benefits of Aleph.im include:

  • Scalability: Aleph.im can handle a high volume of transactions without slowing down, making it ideal for businesses with robust needs.
  • Security: The decentralized nature of Aleph.im ensures that data is not controlled by a single entity, offering a level of security that is unparalleled.
  • Interoperability: The cross-chain functionality allows developers to build applications that can operate across multiple blockchain networks, broadening their horizons and potential to innovate.

Overall, Aleph.im is a revolutionary project that aims to disrupt traditional cloud computing and storage by providing a decentralized, secure, and scalable platform for dApps and protocols.

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Aleph.im's strengths

Aleph.im (ALEPH) has several strengths that make it a promising token in the cryptocurrency market:

  1. Security: Aleph.im prioritizes security by leveraging blockchain technology to ensure that data stored within its network is safe and protected from unauthorized access. This is particularly important in today's digital landscape, where data breaches and identity theft are significant concerns.

  2. Lightning Speed: Aleph.im is designed to provide fast and scalable solutions, which is crucial for the widespread adoption of decentralized technologies. This speed is essential for handling the increased demand that will come with the growth of Web3.

  3. Interoperability: Aleph.im is a blockchain-agnostic project, meaning it can operate across multiple blockchain networks. This interoperability allows it to integrate with various popular blockchain projects, such as Ethereum, Polkadot, Cosmos, and BinanceChain, making it a versatile solution for decentralized applications (dApps).

  1. Decentralized Database and Storage: Aleph.im offers a decentralized database and file storage system, which is essential for creating fully decentralized applications. This decentralized approach ensures that data is not controlled by a single entity, promoting a more democratic and secure internet.

  2. Governance and Utility: The ALEPH token serves multiple purposes within the Aleph.im ecosystem, including payment for storage and computing services, staking, and network security collateral. This multi-faceted role makes the token a crucial component of the platform's functionality.

  3. Cross-Chain Compatibility: Aleph.im's channel architecture enables sharding, which allows for the creation of subnetworks with all the features of the main network. This makes it an attractive solution for projects requiring specialized cloud clusters.

  1. Early Adopter Advantage: Aleph.im has been an early adopter of decentralized cloud storage and computing, giving it a head start in developing and refining its technology. This early mover advantage positions it well to capitalize on the growing demand for decentralized solutions.

  2. Real-World Applications: Aleph.im has a wide range of potential use cases, including decentralized documentation systems, Know-Your-Customer (KYC) and non-fungible token (NFT) metadata frameworks, decentralized identity (DID) solutions, and decentralized exchange (DEX) order book systems. This versatility increases its potential for widespread adoption.

These strengths collectively make Aleph.im (ALEPH) a robust and promising token in the cryptocurrency space.

Aleph.im's risks

Aleph.im (ALEPH) carries several financial risks that investors should be aware of. One of the primary risks is the high volatility of the cryptocurrency market, which can lead to significant price fluctuations. This volatility is exacerbated by the decentralized and non-regulated nature of the market, making it more susceptible to sudden changes in value.

Another risk is the potential for market manipulation. Aleph.im has been given a high risk score by InvestorsObserver due to its recent price movement and volume changes, indicating that it may be vulnerable to price manipulation.

Additionally, the cryptocurrency market is highly unpredictable, and price predictions are inherently speculative. While some predictions suggest that Aleph.im could reach new heights in the future, these predictions are based on various factors and should not be taken as financial advice.

Investors should also be cautious of the overall state of the crypto market, as it can be influenced by a range of economic and technological factors. It is essential for investors to conduct their own research and consult with a financial advisor before making any investment decisions.

In summary, Aleph.im (ALEPH) carries significant financial risks due to market volatility, potential manipulation, and the unpredictable nature of the cryptocurrency market. Investors should exercise caution and thoroughly evaluate these risks before investing.

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Did Aleph.im raise funds?

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Aleph.im’s team

  • Cheng Wang: Founder, expert in cryptography and distributed computing, previously worked as an algorithm engineer at BestMile and a Senior Data Scientist at Swisscom.
  • Eric Zhou: Co-Founder, previously COO of FClassroom.
  • Aloïs Cochard: Co-Founder, experienced architect in distributed systems, previously CTO of Bestmile, and has delivered talks at functional programming conferences.
  • Jonathan Schemoul: Founder and CEO, previously a community developer at NULS Blockchain and a software development project manager at ALD Automotive.
  • Claudio Pascariello: Co-Founder, direct report to Jonathan Schemoul.
  • Niki Smeets: Team member.
  • Andrew Stock: Team member.

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