ℹ️ Overview
Aleph Zero is a privacy-enhancing public blockchain that uses a custom algorithm based on Directed Acyclic Graph (DAG) technology. It aims to overcome the limitations of existing distributed ledger platforms by providing faster validation times, improved scalability, and enhanced security. Aleph Zero offers efficient transfer of value and extensible smart contracts, ensuring fast transaction confirmations.
One notable feature is its "hub and spoke" model, allowing businesses to maintain their own private networks while interacting with the main decentralized ledger in a trustless and cost-effective manner. When tested with Golang, Aleph Zero achieved fast validation times for a high number of transactions. However, the current implementation in Rust for integration with Parity's Substrate technology may have slightly lower performance.
Aleph Zero emphasizes user data security and privacy through the use of zero-knowledge proofs (ZKPs) and secure multi-party computation (sMPC). ZKPs facilitate secure data sharing between users, while sMPC ensures data protection through a unanimous consensus of multiple computers.
Overall, Aleph Zero's goal is to enable small and medium-sized businesses and enterprises to communicate at internet-like speeds while benefiting from the advantages of decentralization, thus facilitating more efficient and secure data exchange.
