How to file your Aleph Zero (AZERO) taxes with Koinly
How to do your Aleph Zero (AZERO) taxes with Koinly
Aleph Zero (AZERO) is a layer 1 blockchain designed to enhance privacy and achieve high-speed performance. It maintains strict standards for safeguarding data privacy and transaction security, with a long-term goal of achieving true decentralization. Aleph Zero has secured $15 million for ongoing development, with its initial bootstrap by the founding team in early 2018. Its growth strategy includes the implementation of privacy-enhancing features based on secure Multi-Party Computation (sMPC) and zero-knowledge proofs (ZKP). Whatever your investments, Koinly can help with your Aleph Zero (AZERO) taxes.
Follow these steps to sync your Aleph Zero (AZERO) data automatically to Koinly:
- Open your Aleph Zero (AZERO) wallet app
- Locate and copy your public address or key
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Aleph Zero (AZERO) in the list
- Select API > Paste the public address/key you copied above in the appropriate box
- Hit Import and wait for Koinly to sync your data. This can take a few minutes
- Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
- Go to the Tax Reports page to view your tax liability!
How to find your Aleph Zero (AZERO) public address
To connect to Koinly, all you need is your Aleph Zero (AZERO) public address for each wallet you use. The exact steps on how to get your public address vary a little depending on the wallet you’re using, but we’ve got instructions on how to get your public address for popular wallets including Talisman Wallet, Fearless Wallet, Ledger, and hundreds more on our integration guides.
And don't forget, for Koinly to calculate your crypto taxes correctly you’ll need to add your public address from every wallet you use to interact with Aleph Zero.
Your frequently asked questions...
What is Aleph Zero (AZERO)?
Aleph Zero is a privacy-focused public blockchain that addresses the limitations of existing distributed ledger technologies, offering superior speed, validation times, scalability, and security. Powered by a custom algorithm utilizing Directed Acyclic Graph (DAG) technology, Aleph Zero creates an efficient and decentralized system, excelling in value transfers and smart contract capabilities. Its "hub and spoke" model enables businesses to interact on a trustless, cost-effective basis while maintaining their private networks.
The blockchain utilizes zero-knowledge proofs (ZKPs) and secure multi-party computation (sMPC) to ensure user data security and privacy. ZKPs enable secure, secret key exchanges, while sMPCs protect data through unanimous consensus. Ultimately, Aleph Zero aims to facilitate seamless communication for small to large businesses, combining the speed of regular internet communication with the advantages of decentralization.
What does Aleph Zero do?
As a layer 1 solution, Aleph Zero empowers teams to launch cost-effective, secure, scalable products with enhanced privacy using zero-knowledge (ZK) technology. This capability spans various sectors, including DeFi, gaming, and enterprise applications.
Is Aleph Zero a blockchain?
Yes. Aleph Zero is a layer one blockchain platform based on a unique peer-reviewed consensus protocol, AlephBFT. The consensus utilizes a Directed Acyclic Graph (DAG) architecture to deliver faster and more efficient transactions.
Can you store Aleph Zero on Ledger?
Yes. Aleph Zero (AZERO) is compatible with Ledger hardware devices.