What is the algorithm of Alephium coin?

Alephium stands as an innovative blockchain platform, distinguished by its groundbreaking sharding algorithm known as BlockFlow. This advanced system forms the cornerstone of Alephium's ability to handle immense volumes of transactions efficiently.

At the heart of Alephium's technology lies a stateful UTXO (Unspent Transaction Output) model, which contributes significantly to its performance prowess. This model enables the platform to maintain a detailed record of all unspent transaction outputs, facilitating swift and accurate transaction verification.

Furthermore, Alephium utilizes a DAG (Directed Acyclic Graph) data structure, enhancing its scalability and throughput capabilities. By adopting this structure, Alephium can process transactions in parallel, drastically reducing latency and boosting overall efficiency.

The combination of BlockFlow, the stateful UTXO model, and the DAG data structure enables Alephium to natively support over 10,000 transactions per second. This remarkable throughput sets Alephium apart from its competitors, making it a viable solution for high-demand applications requiring rapid transaction processing.

Despite its impressive transaction capacity, Alephium maintains a seamless 'single-chain' user experience. This feature ensures that users do not encounter the complexities often associated with sharded blockchains, such as cross-shard communication or increased latency.