Aleph is a special multi-blockchain layer two network, focused on decentralized applications (dApps) and related infrastructure (storage, compute servers, security). Aleph aims to decentralize, revolutionize the web and the cloud as we know it. Existing dApps are often unreliable and slow or tied to a single blockchain architecture. Not only do dApps need to fix these problems, but they also need to be able to communicate with other projects. The majority of blockchain-related technologies are currently not scalable to the extent necessary for the large applications (social networks, web applications, IoT providers, etc.) that we use every day. Aleph intends to provide solutions to these problems by providing fast single-cross technologies and cross-chain solutions on a trusted, decentralized ecosystem.

How does Aleph work?

Reward

The three main sources of rewards and tokenization are:

• Bonus for every signed message written on the underlying blockchain
• Application data storage rewards (pins) and API availability, both necessary for nodes
• Lock the POCM NULS token in the NULS base chain

Among those rewards, a portion will come from coin generation and additionally the dApp owner’s preferred incentive and their user fees.

If a dApp owner wants to get the benefits of the network without relying on a third party, he or she can run a node of the network where he or she prioritizes his dApp data (but can’t completely give up on it). through someone else, have backups for users on other nodes, while that person provides the same allowance for other dApps).

Use tokens

Most node owners will accept dApp data storage for free, especially at the start of the network. As data grows larger and larger and begins to become impractical for the servers that store all of the data, dApp owners can pay to store and write to their dApp data chain. Alternatively, app users can pay for their own data storage (a large amount of data like an app that stores photos).

Token details

Initially, the first release of the utility token Aleph will be implemented as an NRC-20 token. It will be able to be swapped for the original content afterwards.

Technical capabilities (component replacement):

• Conversions between NRC-20 and native Aleph tokens will always be available in both directions.
• Tokens will also be offered as ERC-20 tokens.

Initial token distribution

Exact details of the initial token distribution plan will be announced at a later date. Here is what is currently planned for the token distribution (subject to change).

To reward the NULS community and ecosystem, a large portion of the supply will be distributed to NULS token holders through the POCM system.

One billion initial tokens will be issued, of which:

• 150 million will be for airdrop, marketing and bonus (details about airdrop will be announced via official channel)
• 150 million will be reserved for NULS community/platform (100 million locked for POCM mining program and 50 million for other incentives)
• 350 million for private investors / institutions / OTC sales
• 350 million to the Aleph development team (who will use this as a bootstrap reward, can sell some for development capital, allocate a portion to the community or foundation fund, or any other purpose) any other use, any other application it may deem necessary)

Conclude

Not only do dApps need to overcome these problems, but they also need to be able to communicate with other projects. The majority of blockchain-related technologies are currently not scalable to the extent necessary for the large applications (social networks, web applications, IoT providers, etc.) that we use every day.

Aleph intends to provide solutions to these problems by providing fast single-cross technologies and cross-chain solutions on a trusted, decentralized ecosystem.

According to AZCoin News

Follow the Twitter page | Subscribe to Telegram channel | Follow the Facebook page