Alephium collects $ 3.6 million for his proof-of-less work-shaded utxo blockchain
Alephium collects $ 3.6 million for his proof-of-less work-shaded utxo blockchain
- alpphium has announced the conclusion of his token advance, in which it has applied $ 3.6 million, with most funds come from Swiss private investors.
- The platform uses the consensus mechanism for the detection of less work on your Shard utxo blockchain platform to do what Bitcoin does, but much more efficient.
alpphium, a shading-based blockchain project that focuses on efficiency and speed, has collected $ 3.6 million in a token sales. The financing round was led by Alphemy Capital, but the majority of the funds were applied by private investors in Switzerland.
White paper Capital and Archery Blockchain also took part in the financing round, Alephium said in his press release. However, it was the private private investors from whom the project received the most support. More than three quarters of the funds were applied by these people who contributed $ 50,000 or less. Over 90 percent of investors have contributed $ 100,000 or less. Well over half of these investors were located in Switzerland.
Alephium, the first operational Shard blockchain that uses Bitcoin's proven core technologies, has sold token for over 3.6 million US dollars to several large funds and a large number of small buyers with over 80 contributions in advance. https://t.co/cd884p97yx
- alphium (@alephium) 9. September 2021
Cheng Wang, the co -founder of Alephium commented:
After more than 3 years of exclusive concentration on research and development, we are proud and humble about the success of the advance that was achieved without marketing or active online presence. It is worthwhile to see the interest in our technology, and we are pleased to enable the Alephium blockchain to be expanded and create the soil for a wider community.
The investors who have supported the project believe that it will achieve a massive success, especially since it solves some of the challenges that Bitcoin has held back.
In an explanation, Lead investor Alphemy Capital explained: " Blockchain technologies must deal with scalability and energy consumption problems in order to achieve a mass acceptance. At the same time with his proof of Less Work-Algorithm.
alephium relies on a blockflow-shading architecture based on conditional UTXO transactions. The platform carries out unique native one-time cross-shad transactions that ensure that the network remains as efficient as any other single-chain blockchain like Bitcoin, while the transaction load between the knots for speed and efficiency is distributed. alpphium also has a safe smart contract design that uses a unique UTXO model that can be the basis for the future of performance-oriented and safe defi. alephium currently uses a modified version of the proof-of-work (POW) consensus mechanism, which is known as a proof-of-less work (Polw). This mechanism is based on a combination of token economy and physical work to adapt the work that need nodes to reduce new blocks. This ensures a reduced energy footprint, a criticism that has recently focused on Bitcoin.
Source: Crypto-news-flash.com
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