Alph is an EVM-compatible Ethereum sidechain utilizing a permissionless set of Proof of Authority (PoA) validators to provide high-speed, low-cost transactions with finality in under one second. It enables developers to deploy scalable decentralized applications (dApps) while maintaining control over their keys, addressing the limitations of transaction speed and cost in existing blockchain solutions.
Funding
Funding not disclosed
Founders
Product
Problem
Existing blockchain solutions face limitations in transaction speed and cost, hindering the deployment of scalable decentralized applications (dApps). Developers also seek greater control over their keys while maintaining compatibility with the Ethereum Virtual Machine (EVM).
Solution
Alph provides an EVM-compatible Ethereum sidechain that addresses these limitations by utilizing a permissionless set of Proof of Authority (PoA) validators. This architecture enables high-speed, low-cost transactions with finality in under one second. Developers can deploy their existing Ethereum smart contracts directly on the Alph chain, leveraging familiar tools like Remix, Truffle, and MetaMask. The non-custodial design ensures users retain control of their keys, while the open-source nature of the project promotes transparency and community collaboration. Alph aims to make Ethereum accessible by combining scalability and sovereign blockchains into a cohesive on-chain system.
Target Audience
The primary target audience includes Web3 developers seeking a scalable and cost-effective solution for deploying dApps, as well as enterprises looking for customized blockchain solutions with efficient upgrade capabilities.
Features
- EVM-compatible Ethereum sidechain secured by a permissionless Proof of Authority (PoA) validator set
- Transaction finality in under one second with low transaction costs
- Support for Solidity and standard development tools like Remix, Truffle, and MetaMask
- Open-source codebase promoting transparency and community contributions
- Customizable blockchain deployments for tailored application needs
- Support for launching blockchains with application-specific features using Alph Virtual Machines (VMs)