UTXO Alliance Grows Stronger with Addition of Alephium
Alephium is the first operational sharded blockchain that deploys ETH-inspired smart contracts, while leveraging the best of Bitcoin’s battle tested blockchain and technologies.
Alephium is the first operational sharded blockchain that deploys ETH-inspired smart contracts, while leveraging the best of Bitcoin’s battle tested blockchain and technologies.
Alephium has pre-sold for over $3.6 million of tokens to several major funds and a large number of small buyers, with over 76 contributions in total.
The Alephium team will be attending the Global Digital Impact Night during New York Blockchain Week 2019. Blockchain Week is a series of events, meetups, and conferences that draws thousands of global enthusiasts from all facets of the blockchain community to New York City.
Alephium, the brainchild project of Cheng Wang, aims to scale blockchains to handle tens of thousands of transactions per second in an open, permissionless network. Its core algorithm, called BlockFlow, combines sharding technology with DAG (Directed Acyclic Graph) and utilizes a scalable UTXO (Unspent Transaction Output) model to resolve the inefficiency of sharding performance during cross-shard transactions.