StakeNEST Capital

The Aleph Zero blockchain is a privacy-enhanced, scalable blockchain platform that aims to offer fast, secure and low-cost transactions. It combines the benefits of blockchain technology, such as decentralization and transparency, with enhanced privacy features and scalability solutions. More information on https://alephzero.org/

Here are some key aspects of the Aleph Zero:

1. Consensus Mechanism: Aleph Zero utilizes a unique consensus algorithm based on Directed Acyclic Graph (DAG) technology combined with a Byzantine Fault Tolerance (BFT) protocol. This hybrid approach is designed to achieve high transaction throughput and reduced transaction times while maintaining security.
2. Privacy Features: The platform incorporates advanced cryptographic techniques, including zero-knowledge proofs, to ensure that transactions remain confidential while still being verifiable. This makes Aleph Zero suitable for applications requiring privacy without sacrificing the transparency and security benefits of blockchain technology.
3. Scalability: Aleph Zero is designed to address common scalability issues in traditional blockchain systems. By using DAG technology, it can process a large number of transactions in parallel, significantly increasing the network's overall capacity.
4. Interoperability: The blockchain is developed with interoperability in mind, allowing for seamless interactions with other blockchain systems. This is essential for facilitating cross-chain transactions and enhancing the utility of Aleph Zero in a broader blockchain ecosystem.
5. Use Cases: Aleph Zero targets a variety of use cases, including finance, healthcare and supply chain, where privacy and scalability are critical concerns. It is particularly focused on enabling secure, private transactions in environments where data sensitivity is paramount.

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Staking is an attractive option for both network participants looking to support blockchain infrastructure and investors seeking to accrue additional cryptocurrency over time. Some of the benefits are:

1. Rewards: Stakers earn rewards, typically in the form of additional cryptocurrency, as compensation for locking up their funds and participating in network operations.
2. Security: By staking, participants contribute to the network's security. A larger staking pool means a more secure network as it becomes harder for any single entity to control a majority of the stake.
3. Lower Energy Consumption: Compared to Proof of Work (PoW) systems, staking is more energy-efficient as it requires less computational power to maintain the network.
4. Passive Income: For individual holders, staking offers a way to generate passive income from their cryptocurrency holdings without needing to trade them.

A node validator is a participant responsible for verifying and validating new transactions and blocks within the network. Validators play a critical role in maintaining the integrity and security of the blockchain by ensuring that all transactions adhere to the network's rules and are free from fraud. In return for their services, validators often receive rewards in the form of transaction fees or newly minted cryptocurrency, depending on the blockchain's consensus mechanism. Validators are essential for the decentralized and trustless nature of blockchain, as they prevent any single entity from controlling or altering the recorded data.

There are two ways of staking, as a direct nominator or through nomination pool. Check out the StakeNEST staking guideline for a detailed presentation of the step by step process.

Source: Aleph Zero

It's essential to understand that both staking approaches are equally secure and you maintain custody of your coins at all times; you're merely delegating them to chosen validators, as StakeNEST (who cannot simply take them away).

More information in the picture above.

If you are a direct nominator, your rewards will be claimed daily automatically. If you chose the nomination pool, you must claim your rewards manually whenever you want, unless you select the option to “Enable Permissionless Claiming”, and the claim is triggered by anyone else from the pool.

Yes, to enable the permissionless claiming, you need to access Aleph Zero Dashboard, Select “Manage” and then “Update Claim Permission”.

To create your wallet, you need to create a new AZERO account on the mainnet, through azero.dev . For the step by step instructions, please visit Aleph Zero Wallets guide