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## What is Alephium?
Alephium is the first operational sharded L1 blockchain scaling and enhancing on PoW & UTXO concepts. Decentralization, self-sovereignty, and security meet high-performance, accessibility, and energy efficiency in a dev-friendly network optimized for DeFi & smart contract applications.

**From its technical design to its interfaces**, Alephium has been created to address the challenges of accessibility, scalability, and security encountered by decentralized applications today.

**It is programmable & secure.** Alephium proposes a stateful UTXO model offering layer-1 scalability and the same level of programmability as the account model implemented on ETH, whilst being more secure.

**It is less energy consuming thanks to PoLW.** Proof of Less Work combines physical work and Coin economics to dynamically adjust the work required to mine new blocks. Given the same network conditions, Alephium only uses ⅛ of the energy compared to Bitcoin.

**It improves on chain structure with its own custom VM (Fi-VM)**. It resolves many of the critical issues of the current dApps platforms with huge improvements on security, development experience and introductions of new paradigms such as trustless P2P smart contracts transactions.

**It has its own programming language for dApps.** Fi-Lang is similar to the Rust syntax. It allows to build efficient and secure smart contracts easier than Solidity for example. It is specifically designed to facilitate the creation of Decentralized Finance applications, hence its name.

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