Aleph.im (ALEPH) is an open-source crosschain network designed to provide decentralized database services, including file storage, computing, and a decentralized identity (DID) framework. Launched in 2018, Aleph.im aims to enable decentralized applications (dApps) and protocols to achieve fully decentralized architectures by removing centralized components from their stack. It can be thought of as a decentralized alternative to services like Amazon Web Services (AWS) or Firebase, with a specific focus on enhancing the decentralized finance (DeFi) ecosystem.
Jonathan Schemoul, also known as Moshe Malawach, is the founder of Aleph.im. With a background in enterprise software development across various industries, Moshe has been a key contributor to the blockchain community, particularly in projects like NULS, where he developed essential components such as the explorer and the Proof of Credit Mining (POCM) system.
Aleph.im stands out due to its unique blend of on-chain and off-chain decentralized technologies. Its decentralized network operates off-chain but interacts with blockchain networks, ensuring security and advanced crypto-economics. The platform is compatible with leading blockchain projects such as Ethereum, Polkadot, Cosmos, and BinanceChain, enabling seamless integration with decentralized databases and file storage.
Transactions on Aleph.im are managed through a business model similar to traditional cloud providers, where app owners pay for on-chain transaction fees. These fees are minimal, as transactions are batched, and the network provides delegated transactions, eliminating the need for manual intervention.
Data management on Aleph.im prioritizes privacy and encryption by default, with options to make data public. Data is stored on a minimum number of necessary nodes and can be stored in specific geographical locations. The platform is also compatible with the InterPlanetary File System (IPFS), ensuring data replication across Aleph.im nodes and IPFS.
Several products have already been built on Aleph.im, including a Staking DApp, Personal Storage DApp, and Blogging DApp, with more in development. The platform offers tools for builders, such as the Aleph.im SDK, network Explorer, and Token Swap service.
The ALEPH token serves various utility functions within the Aleph.im ecosystem, including staking, rewarding node operators, and payment for storage, computing, and synchronization services.
As of December 28, 2020, there are 69.73 million ALEPH tokens in circulation. Aleph.im did not hold an initial coin offering (ICO), and tokens were initially minted through staking NULS tokens in the Proof of Credit Mining (POCM) platform.
ALEPH tokens are available for trading on several exchanges, including decentralized exchanges like Uniswap and centralized exchanges.
For more information about the project, individuals can refer to Aleph.im's Medium blog, Twitter account, and Telegram channel.
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