Aleph.im (ALEPH) is an open-source cross-chain network that provides decentralized database solutions, including file storage, confidential computing, indexing and a decentralized identity (DID) framework. The core mission of Aleph Cloud is to assist decentralized apps and protocols in eliminating the centralized parts of their stack, thereby striving to achieve a fully decentralized architecture. Aleph Cloud can be likened to a decentralized version of AWS or Google Cloud, with a focus on enhancing AI and DeFi ecosystem. The ALEPH token serves multiple purposes within the network, including processing transactions, compensation for processing transactions, running nodes, and payment for storage and computing services.

Aleph.im operates as a blend of onchain and offchain decentralized technologies. Its decentralized network is offchain but can only be interacted with through blockchain networks, enabling key features such as security and advanced crypto-economics. Aleph Cloud is compatible with any blockchain, including Ethereum, Solana, Base, BNB Chain or Avalanche. This compatibility allows any project building on these platforms to integrate with Aleph Cloud's decentralized database and file storage. Aleph Cloud also implements a channel mechanism that allows sharding, creating subnetworks with all the Aleph Cloud network features.

Aleph.im offers a wide range of potential use cases, particularly for decentralized apps (dApps) that aim to operate without centralized components. Aleph.im's decentralized network can replace centralized services such as AWS or Google Cloud for data storage and business logic. Some of the components of Aleph.im that developers can use include a decentralized database, IPFS storage for images and documents, virtual machines, and SDKs to interact with the Aleph network. Use cases range from decentralized exchange order books and document certification to KYC metadata, NFT metadata, document management, cloud storage, website hosting, real-time dApps, and social apps.

Aleph.im was created in 2018 by Jonathan Schemoul, also known as Moshe Malawach. Based in France, Moshe has been programming since childhood and has developed enterprise software across finance, supply chain, and other major industries before entering the blockchain space. He became a key contributor in the NULS community, building the explorer and the Proof of Credit Mining (POCM) system, among other things. Aleph.im did not hold an ICO. The initial minting process involved processing transactions with NULS tokens in the Proof of Credit Mining (POCM) platform, which compensated those who processed transactions in ALEPH tokens. The total token supply was reduced by half in July 2020. Tokens currently in circulation are intended for those who process transactions, node operators, liquidity providers, marketing, and company usage.

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The current circulating supply of Aleph Cloud is 247 million.

Aleph Cloud ranks 216 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 63% of Coinbase users are buying Aleph Cloud. In other words, 63% of Coinbase customers have increased their net position in Aleph Cloud over the past 24 hours through trading.

Yes, Aleph Cloud is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Aleph Cloud guide.