Hi all,

I recently found this gem Layer 1 blockchain, Aleph Zero, and would like your opinion as I couldn't find any article about the project. I have been trying transferring native token and it's so smooth and fast, finality takes 1 second. I also tried interact with some dapps in the ecosystem and also have great experience.

What is Aleph Zero?

Aleph Zero is a highly scalable Layer-1 blockchain with near-instant finality and enhanced privacy for users. It officially launched its mainnet in late 2021. As a permissionless blockchain ecosystem built with Polkadot’s Substrate framework and ink!-an extension of the Rust programming language built for smart contract functionality–the network is designed for businesses to develop their own decentralized apps and solutions using Aleph Zero’s infrastructure while respecting data privacy or protecting their competitive advantage.

Key Features:

- Aleph Zero Presents the Peer-reviewed Consensus Protocol at AFT 2019 Conference. AFT 2019 is one of the top academic conferences in the distributed ledger space. Its committee consists of members from Massachusets Institute of Technology (MIT), Eidgenössische Technische Hochschule (ETH) Zurich, Cornell University, and VMWare Research.
- 1 second Finality, transactions happen almost immediately
- Massive TPS of 89,000 and low fee (0.0003 AZERO for a transfer transaction, AZERO price is about $0.92 at time of writing)
- Public and Private Smart Contract
- Multichain privacy layer using sMPC (secure Multi Party Computation) and zk-proofs
- Direct Acyclic Graph (DAG) implementation at its core
- Best Infrastructure Reward in Warsaw Summit 2023

With Smart Contract released March 2023, its still early to join the ecosystem. I believe once the bridge using privacy-enhancing technology is ready by end of the year, this platform will blossom and can be something that competitive and highly more advanced than Solana and all Layer 2 EVM-based networks.