Alphabet Network (ALT20) is the new L1 blockchain that you need to add to your watchlist and wallet. It has stormed onto the market, initially launching a wrapped version of its native token, $ALT, on the Binance Smart Chain so that new investors can come on board smoothly right from the beginning!
Alphabet is a fully decentralized Ethereum Virtual Machine (EVM) blockchain that boasts one of the fastest networks in existence, ensuring that its block times are never more than 5s. In addition, the gas fees on the network will remain some of the cheapest, with gas averaging around $0.0002, and the network is 99% more energy efficient than Proof of Work (PoW) networks thanks to its usage of IBTF 2.0 Proof of Authority Consensus.
Since it is an EVM network, it is possible to easily run familiar ETH-Based apps such as MetaMask, Hardhat, Remix, and many other tools that will make it easy for developers and users alike to feel right at home on the Alphabet network. In addition to being user-friendly, Alphabet will be very utility-dominant right from the beginning. Some of the examples of their revolutionary utilities are the following:
AlphaSwap – It’s flagship DEX where investors can use $ALT – the governance token of the network – to buy ANY tokens they choose, without the need to switch to another network first. It does so by making use of multi-chain interoperability and will have a strong partnership with Rubic to remain at the cutting edge of this tech. This means you can use the Alt Network to buy ANY token you choose without having to switch between networks and wallets.
Staking – Alphabet uses Proof of Authority Consensus with network validators being run by key stakeholders. Essentially, a validator’s voting power becomes proportional to the number of tokens staked locked up on the network. Governance – Through the above mechanism, investors and validators alike that hold ALT have more of a say in the decision-making process over the network.
Eckodao and Eckodex blockchain tech have expanded significantly(Opens in a new browser tab)
In addition to the current utility, there is plenty to look forward to for investors of $ALT. The mastermind developers behind the network plan to implement a bridge to the ALT20 network, an ERC20 builder for DeFi developers, and a vibrant NFT marketplace. But not only that, the team and community behind the Alphabet Network are working to expand and launch huge marketing campaigns, and as well to bring their token to major T1 exchanges and into the mainstream.
Discussion about this post