Bitget Lists Alephium (ALPH), Elevating the Landscape of Blockchain Scalability and Efficiency - Chainwire

19Apr

Bitget Lists Alephium (ALPH), Elevating the Landscape of Blockchain Scalability and Efficiency

Victoria, Seychelles, April 19th, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and web3 company, announces the listing of Alephium (ALPH), a groundbreaking sharded L1 blockchain, poised to revolutionize the landscape of decentralized finance (DeFi). With its innovative architecture and commitment to scalability, security, and energy efficiency, Alephium represents a significant advancement in blockchain technology.

Alephium (ALPH) introduces a novel approach to blockchain scalability by building upon Bitcoin’s Proof of Work (PoW) and Unspent Transaction Output (UTXO) model. Leveraging its proprietary sharding algorithm called BlockFlow, Alephium achieves exceptional performance without compromising on security. This sharded design allows Alephium to process over 10,000 transactions per second, setting new standards for throughput in the blockchain industry.

Alephium’s architecture is designed to provide a seamless user experience while ensuring the security and integrity of the network. By utilizing a stateful UTXO model and Directed Acyclic Graph (DAG) data structure, Alephium enables efficient and practical sharding, paving the way for a new era of high-performance decentralized applications (dApps) and financial services.

Bitget is intensifying its focus on fortifying its spot market presence. Our proactive strategy involves identifying and fostering early-stage projects with promising potential, enabling more crypto gems to shine brightly upon listing on Bitget. This approach has firmly established Bitget as a leader in providing a wide array of asset options. Remarkably, it has introduced 186 new listings in the current quarter alone.

For more information, please visit: https://www.bitget.com/support/articles/12560603808325

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For media inquiries, please contact: media@bitget.com