- Booming Hashrate and Potential Growth
- Recent Price Action and Future Outlook
- Conclusion and Key Points
Alephium uses a new sharding algorithm called BlockFlow, enabling the network to process transactions in parallel across multiple shards. This greatly increases the blockchain's throughput, allowing Alephium to achieve up to 10,000 transactions per second compared to Bitcoin's 7 transactions per second.
Booming Hashrate and Potential Growth
A crypto trader known as 'Marx' highlighted Alephium's booming hashrate in a tweet, suggesting that ALPH could mirror Solana's explosive growth. Alephium's hashrate currently stands at 8.2 PH/s, and its growth indicates strong network security and miner confidence. > "$ALPH's hashrate is ready to skyrocket, signaling massive growth in interest and participation. Currently set at 8.2 PH/s," - Marx.
Recent Price Action and Future Outlook
The ALPH price didn't stay immune to September's correction, plunging 18% last week and 8% in the last 24 hours. Alephium is now trading around $1.56. However, Marx’s predictions indicate Alephium has the potential to become a $1 billion dollar coin in the coming months.
Conclusion and Key Points
Alephium showcases significant innovations in mining, integrating oracles, smart contracts, and advanced technologies like PoLW (Proof of Less Work) and sharding. All these factors could position it for a breakthrough similar to Solana's historic rise. With the current hashrate growth and increasing interest, Alephium holds promising prospects.
Alephium displays a strong potential for future growth with its innovative approach to blockchain and mining technologies. Keeping an eye on this project’s development could provide valuable insights.
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