Irrespective of what industry we speak of, those with authority or production power exploit their users and consumers for their products and services. In recent years, blockchain technology has shown a unique proposition to decentralise the concentration of power and authority throughout various processes. It makes it possible to make various internet platforms user-centric so they become the ones who draw maximum value out of those.
Aladin Network was developed as a platform that solves major issues faced by blockchain network participants. Over time, Aladin, though its secure and scalable framework, will make the usage of blockchain platforms as simple as using other common platforms on the internet. However, Aladin seeks to make a difference by ensuring that it is the network users that gain the most from its platform.
What benefits users enjoy on Aladin?
Truly decentralised framework
Most blockchain networks deploy nodes who are responsible for operation consensus as well as governance decision consensus. In such a case, a few mining behemoths control most of the governance power on the network, narrowing the ‘decentralized’ aspect of the ecosystem. On the Aladin Network, the nodes only control the operation consensus (algorithm consensus) while the users hold the power to make governance decisions through their voting power. This ensures an extended level of decentralisation on the Aladin blockchain.
Zero transaction fee for all transactions
Users signing up on the Aladin Network will never pay a transaction fee for transactions made in ALA coin on any DApp within the ecosystem. In case they pay in other cryptocurrencies, the sender will have to allocate ALA tokens worth 0.01% to 0.05% of the total amount to the transaction, which will be credited into the receiver’s account. The network itself does not take any commission for using services on the blockchain.
Block rewards for users
As users of the Aladin, each person is eligible to cast their votes to decide whether or not a proposed governance campaign must be passed. To do so, they can stake ALA tokens per their choice and later utilise those to cast their votes. Every month, Aladin distributes 5% of the total block rewards to those users casting votes and keeping the ecosystem decentralised and secure.
On-chain data encryption for cloud data
Aladin Network has an integrated, universal blockchain oracle which allows it to read and store an encrypted version of all forms of off-chain data. This refers that Aladin users can easily encrypt and decrypt their off-chain data irrespective of the size of it. Additionally, Aladin has an integrated decentralised storage system, hence, it encrypts and decrypts data on the blockchain itself while the data can be stored in the cloud storage of their choice.
Aladin users can host third-party applications on the network by creating a self-controlled server within the ecosystem. This way, they remain in control of the usage of the applications.