What is Alephium (ALPH)?
ALPH is the native asset of Alephium. Alephium is the world's first functional shared blockchain, introducing scalable Ethereum-inspired smart contracts and clean energy to Bitcoin's tried-and-true core technologies while maintaining superior speed. Alephium also prioritizes user-friendliness and functionality, making it an ideal platform for decentralized apps (dApps) and open protocols.
The BlockFlow and (Proof-of-Less-Work) PoLW protocols drive Alephium. BlockFLow provides stateful UTXO sharding that is both efficient and reliable. PoLW employs a unique blend of physical effort and token economics to flexibly modify the work necessary to mine new blocks, resulting in a lower energy footprint than traditional Proof-of-Work (PoW) mining.
It's also worth noting that Alephium has its own programming language, Ralph, and the Alphred Virtual Machine.
Make sure to check the live Alephium price chart above. It features the current and the previous ALPH price.
Use Cases of ALPH
The primary use case of the ALPH token is to reward miners for processing blocks on the chain. Besides that, ALPH tokens are used to cover transaction fees on the network. Additionally, ALPH tokens can be used all across the Alephium ecosystem.
Don't forget you can view the latest ALPH price, supply, market cap, and other details on the charts above.
Who Founded Alephium?
Cheng Wang founded the Alephium crypto project in 2019. As a blockchain and consensus algorithm expert with a Ph.D. in distributed computing, he introduced the first linear time asynchronous Byzantine consensus algorithm and actually came up with the idea of the BlockFlow algorithm that today is one of the pillars of Alephium. Before launching the platform, he served in different research groups as a research assistant and also worked as a senior data scientist at Swisscom.
Tokenomics of ALPH
Alephium has limited the max supply to a total of 1 billion ALPH. Only 14% of the supply was mined at the Mainnet launch, leaving 86% to be mined over the next ~82 years (until 2103), which will be used to process transactions and offer rewards.
The distribution structure of the initially mined 140 million ALPH tokens is as follows:
- 80 million tokens were reserved for previous and future sales.
- 30 million tokens were reserved for community members and the efforts to develop the ecosystem.
- 30 million tokens were reserved to reward team members and help the future expansion of Alephium.
If you plan on buying the token, make sure to study the recent Alephium price changes to get a better understanding of the coin’s future. Use the ALPH price chart above.
