Alephium is the first operational fragmented blockchain that deploys ETH-inspired smart contracts, while leveraging the best of blockchain and Bitcoin’s battle-tested technologies.
The future of blockchain relies on interoperability between the different infrastructures of the Layers 1 and Layers 2 chains. The importance of this comes from the ability to transfer data and value across entire ecosystems. This ensures scalability, interoperability and shared programmability between ecosystems.
The UTXO alliance is one of those channel mergers in a way that contributes to a greater whole. It is a partnership and mutual integration through protocols that include Ergo, Nervos, Topl and Komodo. Alephium, the very first fragmented blockchain, has joined this collaboration.
What is Alephium?
Alephium is the first operational fragmented blockchain that deploys ETH-inspired smart contracts, while leveraging the best of blockchain and Bitcoin’s battle-tested technologies. Alephium saw several months of positive milestones, including launching its mainnet, and then shortly after raising $ 3.6 million in a presale from leading funds and small buyers.
According to Cheng Wang, founder and lead developer of Alephium, “The growing demand for scalable and secure DApps, and more specifically DeFi, is a great opportunity for UTXO blockchains. UTXO-based designs will be the new paradigm of DeFi development. The alliance will play a key role in driving its mass adoption.
Being based on the UXTO blockchain allows Alephium to target scalability challenges on the blockchain. Its fragmented blockchain addresses DeFi scalability and security issues through both its unique BlockFlow algorithm and its new stateful UTXO model. This model brings the scalability of Layer 1 chains and the enhanced level of programmability as an account model. In addition, Alephium uses a dedicated virtual machine, based on the UTXO model, which targets both security challenges and slow execution of Layer 1 chains.
The UTXO alliance, which laser-focuses on collaboration to propel the model forward, is made up of some of the most innovative and creative minds in blockchain. The alliance invites other UTXO developers to join the cause here.
A graduate in Intercultural Communication, Julia continued her studies by obtaining a Masters in Economics and Management. Captivated by innovative technologies, Julia became passionate about exploring emerging technologies, believing in their ability to transform all spheres of our life.