Gate.io AMA with Alephium-The First Operational Sharded L1 Blockchain Scaling and Enhancing PoW & UTXO Concepts

2023-05-04, 09:30

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![](https://gimg2.gateimg.com/image/article/16831922891.jpg)
**<font size=4>Time: Feb 15th, 2022, 13:00 UTC
[Gate.io](https://www.gate.io "Gate.io") hosted an AMA (Ask-Me-Anything) session with representatives of Alephium in the [Gate.io Exchange Community](https://t.me/gateio "Gate.io Exchange Community").
Official Website: https://alephium.org/
Twitter: https://twitter.com/alephium
Follow Alephium on [Telegram](https://t.me/alephiumgroup "Telegram") and [Discord](https://discord.com/invite/XsGpZ5VDTM "Discord")
</font>**
**Guests**
![](https://gimg2.gateimg.com/image/article/16831925362.jpg)
**Cheng Wang — CEO/Founder**
![](https://gimg2.gateimg.com/image/article/16831925503.png)
**Settoshi Tonami — Community Lead**
## Q&A from Gate.io
### Q1: Can you tell us who you are and how did you get the idea for Alephium (ALPH)?
Hi! I’m Cheng Wang, founder of Alephium. I came from China to Switzerland 8 years ago to do my PhD in Computer science at the EPFL.

I did research on consensus algorithms and byzantine fault tolerance, which brought me to <a href="/uk/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a>. A few years later I started experimenting with <a href="/uk/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> and DeFi.

Among other things, I built a flash-loan protocol called UniFlash. Diving deeper, I realized existing blockchains are facing big challenges.

I got passionate and started building to solve the most exciting problem in the field : which infrastructure for the next 10 years of Dapps & DeFi ?

### Q2: And what problems is Alephium (ALPH) solving?
We’ve started building Alephium in 2018 with idea to deliver a “scalable <a href="/uk/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a>” with a reliable and powerful DeFi solution:

<a href="/uk/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> is secure, decentralized, but it consumes too much energy and it is not easily programmable. 
<a href="/uk/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> is programmable, convenient, but it is hard to use securely. And both are relatively slow.
Alephium solves the famous blockchain trilemma elegantly:

Thanks to Proof of Less Work, it is decentralized and energy efficient.

Thanks to stateful UTXO & sharding, it is programmable, secure & scalable.

More here : https://wiki.alephium.org/Frequently-Asked-Questions.html

### Q3: And what is Alephium ? Why is it different from other competing L1s?
Alephium is the first live Layer 1 sharded blockchain scaling and improving on <a href="/uk/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> core technologies, Proof of Work & UTXO. It delivers a highly performant, secure DeFi & Dapps platform with enhanced energy efficiency.
![](https://gimg2.gateimg.com/image/article/16831925784.png)
Alephium delivers a scalable dApp &DeFi platform that is as secure as <a href="/uk/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a>, as programmable as <a href="/uk/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a>  while keeping decentralization & trustlessness as core values.

More here :
https://medium.com/@alephium/welcome-to-alephium-alph-48dfb72aa458

& here
https://hackernoon.com/what-is-sharding-and-utxo-scaling-for-blockchain

### Q4: Can you tell us more about the ALPH token and its tokenomics?
Sure! ALPH is our official ticker, and we’ve been trading happily on Gate.io for more than a month already. As of today, the total circulating supply is around 48M ALPH.
Trade here : gate.io/trade/ALPH_USDT

At mainnet launch (last november), 140M ALPH were minted with the Genesis block and allocated to : sales (80M = 8%), community & ecosystem development (30M = 3%) and team & development (30M = 3%). These tokens have verifiable on-chain locks with vesting periods ranging from 2 to 4 years.

The rest of the tokens (86%) will be used for mining rewards and ensure the processing of transactions on the Alephium blockchain over the next 80 years.

Read more on our tokenomics here :
https://medium.com/@alephium/tokenomics-of-alephium-61d59b51029c

### Q5: Can you talk to us about your roadmap? What things do you think will have a positive impact on the token in 2022?
Our team of 14 is busy grinding and building everyday, we are now focused on the following :

Full node 🏭 enters the maturity phase, we are working on more optimizations and features, as well as improvements in UX for dApps devs.

Bridges 🌉 are a key component of the project’s ecosystem as they will provide interoperability between Alephium and other blockchains.

dApps 🧰 We are focusing on tooling for dApps use cases like 💸 DeFi and are building a 🐒 NFT platform proof of concept! Get ready to mint!

Wallet 💌 Our wallet will see a lot of improvements, including browser extension & hook for dApps.
Mining Pools ⛏ We love mining pools, and they love us back ! We keep improving the mining experience of pools, large and small and will keep doing so with the help of our amazing mining community! More than 8 awesome mining pools have sprung up already!

Explorer 🔭 Better readability, more metrics & a lot more improvements per request of the community !
Listings ⚖️ After our first listing (welcome gate.io !), we keep pushing for more listings ! Stay tuned !
Strategic partnerships 🤝 We will keep looking for new partners for the Alephium family, they help us grow, they challenge us, they open doors for us !

Marketing & awareness 🗣 We keep pushing for qualified awareness, organic growth and community development.

Read more about it here :
 https://medium.com/@alephium/alephium-q1-project-update-50f4a7b354b0

### Q6: Maybe even some of the community can help contribute. How can we contribute to the project if we wish to do so?
🛠 If you’re a dev, start here :
Here’s our latest code update :
https://github.com/alephium/alephium/releases/latest/

Come commit and pull request with us : https://github.com/alephium

Wiki : https://github.com/alephium/wiki 
⛏If you’re a miner, start here !

Start by joining the dedicated Mining channel on discord :
 https://discord.gg/53QSMpKZyR

Find our Miner starter pack on Github :
 https://github.com/alephium/alephium-miner-getting-started

The list of all mining pools is updated here.

<div class="blog-details-info">
<div>Author:** Rio Fu.**, Gate.io Community
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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