Alephium (ALPH) Price, Charts & Market Cap

What is Alephium (ALPH)?

Alephium (ALPH) is a blockchain project driven by a commitment to scalability, security, and decentralization. Positioned as a dynamic solution for real-world applications, Alephium integrates innovative sharding and an efficient Proof-of-Less-Work (POLW) consensus mechanism. POLW dynamically adjusts the work required for mining new blocks, offering a unique combination of physical work and coin economics. This not only ensures the security of the network but also contributes to Alephium's remarkable energy efficiency, utilizing only ⅛ of the energy compared to Bitcoin under similar network conditions.

What makes Alephium unique?

Technical specifics that make Alephium special include:

Scaling through Sharding: Alephium utilizes the BlockFlow algorithm, a novel and comprehensive sharding approach that enhances the scalability of its network. As stated by the team, this allows for up to 10,000 Transactions Per Second (TPS).

Programmability & Security: Alephium introduces a stateful UTXO (Unspent Transaction Output) model, combining layer-1 scalability with the programmability found in ETH's account model. This offers enhanced security while maintaining a high level of programmability.

Energy Efficiency with POLW: The Proof of Less Work (POLW) consensus mechanism dynamically adjusts the work required to mine new blocks, resulting in Alephium using less energy compared to similar blockchain projects.

Custom VM (Alphred): Alephium improves on chain structure with its custom Virtual Machine (VM), Alphred. This resolves critical issues in existing dApp platforms, enhancing security, development experience, and introducing new paradigms like trustless P2P smart contract transactions.

Ralph Programming Language: Alephium introduces its programming language, Ralph, similar to Rust syntax. This language streamlines the development of efficient and secure smart contracts, particularly designed for Decentralized Finance applications.

By combining these innovations, Alephium delivers a highly sought-after solution — a scalable blockchain that improves on established ideas, providing reliable, powerful, and secure capabilities for DeFi and dApps.

Alephium (ALPH) tokenomics

Alephium employs a carefully structured tokenomics model with a hardcap of 1 billion tokens. The initial supply of 140 million tokens was mined at the Mainnet Launch, with the remaining tokens to be mined over approximately 80 years. Key allocations include:

• Pre-sales and Strategic Private Sales: 8% of the hardcap, with varying vesting periods from 2 to 4 years.
• Community and Ecosystem Development: 3% of the hardcap, locked on-chain for 4 years and vested quarterly.
• Treasury & Team: 3% of the hardcap, locked on-chain for 3 years, and vested quarterly.
• Mining Rewards: 86% of the hardcap, ensuring ongoing mining rewards for transaction processing and smart contract execution over the next ~80 years.

In addition, half of the transaction fees are burned with each block, and POLW contributes to internal mining cost through burning when hashrate and energy consumption are significantly high. Alephium's tokenomics, coupled with its technical innovations, underscore its commitment to providing a sustainable, secure, and scalable blockchain solution for the evolving digital landscape.

The journey of Alephium: From inception to present

Alephium's evolution from conceptualization to its current state is marked by a series of significant milestones, showcasing the project's commitment to innovation and progress. The journey began with the public release of the whitepaper in February 2019, laying the foundation for what would become a dynamic and technologically advanced blockchain platform.

In Q1 2020, Alephium achieved a crucial milestone by implementing and testing the alpha version of its core sharding protocol on AWS. This was followed by the Testnet launch in December 2020, marking the initiation of practical experimentation. Subsequent achievements include the integration of smart contract support in Q1 2021 and the release of the desktop wallet and explorer to the public in September 2021.

November 2021 witnessed the Mainnet launch, a pivotal moment in Alephium's timeline. Since then, the project has continued to innovate, with highlights including the release of the first decentralized application (dApp) prototype in January 2022 and the deployment of the Leman Network Upgrade on the Testnet in June 2022.

Alephium's commitment to staying at the forefront of blockchain technology is evident in its ongoing efforts. In March 2023, the project achieved several milestones, including the release of a DEX prototype, the launch of the Browser Wallet Extension, and the implementation of cross-chain interoperability.

Analyzing Alephium price trends

Alephium (ALPH) hit the markets in January 2022, at an opening listing price of $0.93. Days later, the initial enthusiasm and interest pushed the asset at its all-time high value of $1.29. However, the hype was short lived, and from that point, ALPH continued to trade downwards, reaching a bottom of $0.038 in the summer of 2022. Almost a year later, in April 2023, ALPH tested the $0.42 price mark as the entire crypto market showcased enthusiasm from investors. The uptrend didn’t last however, and the asset traded downwards once more. As of November 2023, ALPH is showing a remarkable recovery from $0.2 to $0.9 in the span of a few weeks. As of November 29, Alephium is trading around $0.5, showing promise for the coming months but still below the initial listing price.

Final thoughts on Alephium (ALPH)

Alephium (ALPH) stands out as a blockchain project with a steadfast commitment to scalability, security, and decentralization. The integration of innovative sharding and the Proof-of-Less-Work (POLW) consensus mechanism sets Alephium apart, offering a unique blend of efficiency and energy sustainability. The use of the BlockFlow algorithm enables an impressive throughput of up to 10,000 Transactions Per Second (TPS), showcasing Alephium's scalability.

The technical features that make Alephium special include a stateful UTXO model, energy-efficient POLW, a custom Virtual Machine (Alphred), and the Ralph programming language. These components contribute to a secure, programmable, and energy-efficient blockchain solution, addressing critical issues in existing platforms and paving the way for trustless P2P smart contract transactions.

The carefully structured tokenomics model, with a hard cap of 1 billion tokens and a planned mining period of approximately 80 years, ensures ongoing support for the network. The allocation of tokens to pre-sales, community and ecosystem development, treasury, and team underscores Alephium's commitment to long-term sustainability.

The journey of Alephium from conceptualization to the present day reflects a series of notable milestones, including alpha testing, Testnet launch, smart contract integration, and the Mainnet launch in November 2021. Ongoing innovations, such as the DEX prototype, Browser Wallet Extension, and cross-chain interoperability, demonstrate Alephium's dedication to staying at the forefront of blockchain technology.

Analyzing Alephium's price trends reveals a dynamic market journey since its listing in January 2022. While experiencing volatility and fluctuating between peaks and troughs, Alephium has shown some resilience, recently recovering from a low of $0.2 to approximately $0.9. As of November 29, 2023, Alephium is trading around $0.5, indicating promise for the future, though it remains below its initial listing price.

Join the Coinmetro community on Discord and Telegram, where forward-thinking traders and investors gather to share insights, explore new opportunities, and dive deep into the world of cryptocurrencies. Should you need any help, feel free to reach out to our world-class Customer Support Team via 24/7 live chat or email at hello@coinmetro.com. 

To become a Coinmetro user today,  Sign Up now, or head to our new Exchange if you are already registered and experience our premium trading platform.