Is Aleph Zero (AZERO) Halal or Haram?
Shariah compliance review of Aleph Zero (AZERO) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
Aleph Zero is a privacy-enhancing Layer 1 blockchain designed for speed, achieving efficiencies comparable to traditional web2 systems while maintaining high standards for data privacy and transaction security. It aims for genuine decentralization over time and boasts over 40 actively developed use cases across various sectors. The project raised $15 million for ongoing development, initially bootstrapped by its founding team in early 2018, with the first version of its mainnet launching on November 10, 2021. Aleph Zero's growth plans include implementing privacy features based on secure Multi-Party Computation (sMPC) and zero-knowledge proofs (ZKP), requiring identity verification under AML policies, while maintaining a transparent network mode that operates in a permissionless manner.
Staking verdict: Questionable
Delegated Proof-of-Stake consensus protocol is available to participate in. However, some applications built on this platform may potentially involve Shariah non-compliant elements, leading to questions regarding participation in the consensus protocol for this platform.
Browse all Shariah-compliant cryptocurrencies on the EthicalNode halal crypto screener.