Aleph.im

What is Aleph.im?

Aleph is an open-source off-chain P2P (peer-to-peer) network featuring a decentralized database, computing, and a DID framework. It enables blockchain-enabled applications (dApps) to securely access trusted off-chain data or computation through cross-chain connectivity and client libraries. The project aims to provide a decentralized alternative for data storage, computing solutions, and identity management, eliminating the reliance on centralized services such as AWS or Google Cloud.

Why use Aleph.im?

• Build dApps without centralized components
• Run data storage and business logic on the unstoppable decentralized network

Aleph.im offers various components for developers to integrate into their applications:

• Decentralized Database
• IPFS Storage for images and documents
• Virtual Machines
• SDKs to interact with the Aleph Network

Use Cases

Aleph.im presents diverse use cases for decentralized applications, including:

• DEX (Decentralized Exchange) Order Book
• Document Certification
• KYC Metadata for seamless onboarding
• NFT Metadata for decentralized NFTs
• Document Management with customized DMS
• Cloud Storage and Website Hosting
• Real-Time dApps without off-chain workarounds
• Censorship-resistant Social Media App

Computing Solutions

Aleph.im offers a range of computing solutions, including private VM for confidential, private, and encrypted virtual machines, 24/7 VM for processes that need seamless operation, functions for serverless computing

Storage Solutions

Storage solutions provided by Aleph.im include immutable volumes for storing and sharing data in a distributed file system (IPFS), private and encrypted file storage for objects and files.

Token Use and Payment

While Aleph.im is still implementing token use and payment systems, the project outlines plans for payment providers and the use of tokens within the network. Providers such as ChannelEndorsement, PersonalStorage, and Core will enable various functionalities based on token counts. The MVP network currently operates with high token counts for certain actions, but future implementations aim for smaller token requests in an open market fashion.

Roadmap

The Aleph.im roadmap outlines plans for enhancing user experience, scalability, and security in 2023. The team is focused on delivering features such as EVM Chains Indexer, Cloud Managed UI, and Storage Resource Nodes. Moving into 2024, Aleph.im aims to integrate next-generation technologies like Pay-as-you-go, Docker Image Support, GPU support for Virtual Machines, and more, paving the way for industry-wide adoption and a truly decentralized future.

Team Background

Aleph.im was founded in 2018 by Jonathan Schemoul, known by his pseudonym Moshe Malawach. Based in France, Moshe has been honing his programming skills since childhood. Before venturing into the blockchain realm, he specialized in developing enterprise software for various sectors including finance and supply chain management.

Moshe's journey into blockchain began with significant contributions to the NULS community, where he played a pivotal role in creating essential components such as the explorer and the Proof of Credit Mining (POCM) system. His expertise in leveraging blockchain technology to deliver tangible business solutions has been instrumental in shaping the success of Aleph.im.

Partners

Aleph.im is backed by Stratos Technologies, Noia Capital, Ubisoft, TRGC, Bitfwd Capital, Rarestone, Zee Prime Capital, Winkrypto, NZVC, Th3ia, Incuba, and AlphaToken Ventures.

Beside, the project partners with Ubisoft, Synaps, Anima, and Request.

Project Development

In their collaboration, Aleph.im and Twentysix Cloud worked together to empower Shutter's Keypers, who safeguard transaction fairness within the network. By integrating with Twentysix Cloud, Shutter accessed Aleph.im's decentralized cloud solutions, enhancing accessibility and efficiency for its Keypers. Shutter addressed issues like frontrunning and MEV using threshold cryptography, which required Keypers to run dedicated local servers.

However, Twentysix Cloud provided a decentralized alternative, enabling Keypers to participate without the need for specialized infrastructure. This collaboration offered benefits such as increased accessibility, efficiency, and security for the Shutter Network. It exemplified a strategic move towards decentralization in the blockchain space, promising a future of enhanced security and integrity for blockchain-powered applications like DeFi.

Aleph.im Price Analysis

As of November 24 2024 Aleph.im has a marketcap of $29M. This is {{percentagefromath}} from its all time high of $0.875793. In terms of its tokenomics, there's a total supply of 500M with 37% currently outstanding. Keep in mind Aleph.im has a fully diluted value of $79M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.