I first heard about Aleph Zero about a year ago when there was a lot of hype about it being the next competitor to Hedera or Fantom, all using Directed acyclic graph (DAG) technology.
There are a few features that set Aleph Zero apart from other L1 blockchains.
- Privacy - using ZK-SNARKS cryptography and a Secure Multi-Party Computation (sMPC), Aleph Zero have created a privacy layer called Liminal. The cool thing about Liminal is that it can be used as a stand-alone privacy layer that can be deployable on all main chains. This could come in super handy for businesses, banks, healthcare providers and governments to be able to utilise blockchain technology while also keeping user data private and secure.
- Team - the core team is based in Switzerland and consists of a number of academics who also happen to have extensive business and Web3 experience.
- Funding - Aleph Zero is running a $50 million funding program called the Ecosystem Funding Program to attract new builders to their project.
There is a lot of competition in this space but I think this project could do really well if it starts working with notable institutions which it is already trialling. Show Less
