As detailed in our official pitch, Eterbase’s Treasury Gateway offers much-needed services for B2B clients that are seeking to bridge the gap between fiat currency and Cryptocurrency. The Treasury Gateway Service allows enterprises to pay projects for their services with a fiat payment direct to a corporate IBAN account, as opposed to purchasing tokens from the open market.
The time has finally come to continue with our Treasury Listings and we are proud to reveal our fifth Treasury Client: ALEPH.IM
About ALEPH:
Aleph is a cross-blockchain layer-2 network specifically focused on decentralized applications and their related infrastructure (storage, computing servers, security). Their aim is to decentralize and revolutionize the web and the cloud as we know it. Current decentralized applications are can be unreliable and slow or tied to single blockchain architecture. Decentralized applications need to not only overcome these issues, but they also need to be able to communicate with other projects. The large majority of current blockchain-related technologies cannot scale to the levels needed for large applications (social networks, web apps, IoT providers, etc) we use on a daily basis. Aleph intends to provide a solution to these issues by offering fast single cross-technologies and cross-chain solutions on a decentralized and reliable ecosystem.
Blockchains used by Aleph :
The first underlying blockchain supported by Aleph is NULS. To allow easier port of existing dapps and ecosystems, later in the development process, other blockchains can be supported such as Ethereum, NEO, and even the Bitcoin blockchain. The address in the Aleph network is the underlying network of choice (NULS, Ethereum, NEO…)- address used to sign messages. A user can post in his personal aggregate (key-value hash table linked to his primary address) his addresses on other networks. That way he can redeem or receive tokens from other blockchains. If a user has a NULS account and an Ethereum account both linked together, a request for his aggregates (profile or settings for example), posts (images, blog posts…), or any other linked content will return the same information from any of the two addresses.
Data storage :
The hashes of the data are stored on-chain. The data itself is stored encrypted or not on IPFS. Data is pinned by participating nodes. Posting is done either via API by the dapps to an API node, or by IPFS directly if available on the browser. The current state is stored on both blockchain (nodes are made of a blockchain explorer) and current received data that is not posted yet (queue, mempool). Once the data signature is verified, and it is broadcasted to at least 2 nodes, it is considered validated and included in the coming blocks.
ALEPH TOKEN:
Three main sources of reward and token creation are:
• Reward each signed message written to the underlying blockchain
• Reward storage of application data (pin items) and availability of API, both are mandatory for nodes
• POCM NULS token locking in NULS underlying chain (see token distribution section)
Of those rewards, a part will come from monetary creation, and a part from dApp owner incentive to prioritize their apps and their user fees. If a dApp owner wants to get the benefit of the network without having to rely on third parties only, he can run a node of the network where he prioritizes his dApp data (but he can’t completely ignore others, having a backup for his users on other nodes, while he gives the same allowance to other dApps).
A more detailed overview of Aleph can be found here.
Listing Activities:
•AMA:
In order to get familiar with the idea behind ALEPH, we will organize an AMA on t.me/eterbaseexchange where Jonathan Schemoul, the founder of ALEPH, will provide the answers to your questions.
The AMA will be help on t.me/eterbaseexchange tomorrow at 13:00 CET
•Treasury Gateway Airdrops:
Premium Membership Account holders will split $5000 worth of ALEPH tokens provided by the ALEPH team in order to celebrate the listing. The tokens will be distributed on Friday, July 10th EOD.
•Listing and market pairs:
ALEPH tokens will be added to the list of tradeable assets and paired against ETH and BTC.
Live Trading will start on Wednesday, July 8th 16:00 CET.
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