Azero: Exploring the Privacy-Enhanced Crypto
Azero is the native crypto of the Aleph Zero network, a blockchain focused on ensuring privacy.
Undoubtedly, blockchain technology has revolutionised the world economy. Its decentralisation has opened the gateway for a transparent financial system. However, transparency can often compromise user privacy. Besides, there are scalability and lack of efficiency issues with conventional blockchains.
Aleph Zero focuses on ensuring privacy. It is an L1 blockchain which also solves the blockchain trilemma. This article will explore Azero crypto and how it maintains privacy, security, and decentralisation. We will also discuss the potential of the coin as an investment.
What is the Azero crypto network?
Azero crypto is the native cryptocurrency of the Aleph Zero, L1 solution. It is a public blockchain that works with the Proof of Stake mechanism and offers impeccable privacy. It conceals your personal details as it works with zero-knowledge proof. This allows the blockchain to validate transactions without knowing user data.
Azero's privacy through ZKP sets it apart from standard L2 solutions. This is why the blockchain offers developers and cryptocurrency users various use cases. Moreover, it is shaping an ecosystem of trustless transactions which can be a game changer for blockchain and other industries.
This native cryptocurrency’s protocol can be used in numerous sectors, like smart contracts, Internet-of-Things (IoT), in-game assets, tax payment systems, supply chains, asset digitisation, and others.
Aleph Zero tokenomics
Azero crypto is the utility token on the platform, which powers the entire ecosystem by filling various roles. This includes staking, rewarding users, paying fees for the platform, and others.
In terms of its tokenomics, there are a total of 300,000,000 tokens. It is an inflationary token with a circulation supply of 160,000,000 tokens. That's why more than three million tokens are introduced to the market annually, to inflate their price.
The total supply of the tokens is distributed in several parts. These include a percentage for the blockchain foundation, the founding team, and the stakes. More than 80% of the founding team's share is locked for the network's security.
Azero crypto price prediction
The current price of Azero crypto is $1.86. According to CoinMarketCap, its current trading volume is $4,306,415, with a market cap of $369,040,554.
The token is gaining traction in the market because of its unique use cases. Its privacy-focused blockchain has attracted several DeFi projects, including virtual games, NFT collections, and more. It is the reason investors are looking to buy the asset. So, if you need insights into Azero crypto price prediction, here are estimated prices for 2023, 2025, and 2030.
According to the forecast from PricePrediction.Net, the token will be averaging $2.52 in 2023, and its max value will be $2.89. In 2025, Azero's price may reach $5 and go up to $5.93. In addition, the token will probably maintain the average of $32.15 and can hit the max value of $37.33.
On the other hand, CoinCodex also shows bullish sentiments for the cryptocurrency. Its forecast suggests there will be “buy” and “strong buy” signals until 2026.
Where to buy the Aleph Zero coin?
Aleph Zero coin is listed on some of the best-known crypto exchanges, so it is easy for you to buy. Here is the list of exchanges you can get the crypto from:
Is the Azero coin a good investment?
The Aleph Zero blockchain is an exciting project in Web3. It is built with ZKP technology which ensures trustless contracts and enhanced privacy. Due to this, the blockchain and its crypto can be used in various sectors while also creating good prospects for Azero as an asset.
The future price predictions of the coin also suggest bullish signals. As more projects enter the network, Azero may attract more users. This mass adoption may strengthen the coin’s position in the market.
Author: Wasay Ali
Wasay Ali is a versatile professional writer with global experience and a background in mechanical engineering and social science. He is adept at crafting news and informational content for the crypto space and has experience writing for other niches. He is a professional SEO content writer who has worked with several digital marketing agencies and clients in the US, UK, Pakistan, and Europe. He is a dedicated volunteer and enjoys reading, writing, poetry, and going to the gym. He is an INFJ-A personality type dedicated to positively impacting the world. Wasay has a passion for writing as it allows him to express his creativity, share his knowledge, and connect with people worldwide.