ALEPH Token Used for Decentralized Cloud Infrastructure Despite 99% Crash from All-Time High
Aleph Cloud is a decentralized cloud infrastructure built for Web3 applications. It offers computing, storage, hosting, and blockchain data indexing services using ALEPH token as an access and incentive mechanism.
The project targets decentralized cloud infrastructure rather than file storage alone, making it distinct from other solutions like Filecoin and Arweave. Aleph Cloud combines several backend services into a distributed environment, allowing developers to store data, run serverless functions or virtual machines, and access indexed blockchain data.
Aleph Cloud's broader scope is key to its functionality, which includes decentralized storage, serverless functions, persistent and confidential virtual machines, GPU instances, web hosting, distributed storage, and a resource grid of Compute Resource Nodes. This allows developers to build applications that are not dependent on centralized cloud service providers.
The ALEPH token is used for payment and as an incentive mechanism for node operators. The project has undergone changes in its tokenomics, introducing a usage-based revenue share model and modifying emission-funded node rewards. Aleph Cloud's cross-chain infrastructure supports message signatures across various blockchains, including Ethereum, Solana, and Polygon.