When was the Alephium (ALPH) coin issued?

The Alephium (ALPH) coin, launched on April 12, 2021, is a decentralized cryptocurrency built on a custom-designed blockchain platform.

Dec 09, 2024 at 11:38 am

When Was the Alephium (ALPH) Coin Issued?

Introduction

The Alephium (ALPH) coin is a decentralized cryptocurrency that is built on a custom-designed blockchain platform. The platform utilizes a novel proof-of-work algorithm that enables highly scalable and energy-efficient operations. Alephium aims to provide enhanced privacy and security for its users while facilitating fast and low-cost transactions.

Issuance Date

The Alephium (ALPH) coin was initially issued on April 12, 2021. The mainnet launch marked the official availability of the Alephium blockchain and the ALPT token for public participation.

Key Features of Alephium

• Custom Proof-of-Work Algorithm: Utilizes the "Decentralised Adaptive Proof-of-Work" (dApost) algorithm, which is designed to be scalable and energy-efficient.
• Privacy: Employs zero-knowledge proofs and ring signatures to protect user transactions and balances.
• Security: Uses a combination of cryptographic techniques and a robust consensus mechanism to safeguard the network.
• Scalability: Achieves high transaction throughput and low latency through its efficient proof-of-work algorithm and sharding technology.
• Decentralization: Maintains a distributed network of nodes to prevent centralized control and ensure network resilience.

Steps Involved in the Issuance of the Alephium (ALPH) Coin

1. Development and Testing: The Alephium team dedicated significant time and resources to research, design, and develop the underlying technology and software. Extensive testing was conducted to ensure the stability and functionality of the platform.
2. Community Building: The project actively engaged with the blockchain community through online forums, social media, and community meetups. Feedback and contributions from the community were incorporated into the development process.
3. Genesis Block Creation: Prior to the mainnet launch, the Alephium team created the genesis block, which serves as the inaugural block of the blockchain. The genesis block contains critical information about the network configuration and the initial distribution of ALPH tokens.
4. Token Distribution: The ALPH token distribution model included a public sale, private sale, and strategic partnerships. Early supporters and investors had the opportunity to acquire ALPH tokens through these channels.
5. Mainnet Launch: The Alephium mainnet officially went live on April 12, 2021. With the launch, ALPH tokens became available for trading on cryptocurrency exchanges and the public could begin participating in the Alephium ecosystem.
6. Ongoing Development: Since its mainnet launch, the Alephium team has continued to improve the platform, release software updates, and introduce new features. The project roadmap outlines plans for further enhancements and improvements.