Coming soon
Big news! The Aleo project has finally launched its long-awaited mainnet. Since the Aleo project received nearly $300 million in investment from 19 top institutions including a16Z, SoftBank, and Samsung, the Aleo team has been actively promoting the development and testing of the project. After a long period of research and development, testing, and optimization, the Aleo project is finally ready and is now open to global users.
The latest news is that the Aleo team revealed a series of important progress at the community meeting on June 12. The first is the code freeze, which is scheduled to be completed this Friday (June 15), which means that the basic framework of Aleo has basically taken shape and the main network will be officially launched soon. After the code freeze, the Aleo team also plans to update the algorithm on July 1 and officially open the Genesis block on July 8, which marks the full launch of the Aleo main network, and users can officially participate in Aleo's mining and trading activities. This news is undoubtedly good news for the rapid development of the Aleo ecosystem.
Friends who are interested in Aleo should plan as early as possible to avoid missing out on early dividends. The wealth-making effect of blockchain has already made traditional finance eager to move. Friends who want to participate in Aleo mining can add WeChat crypto-web3
Meeting Summary
ARC-41 (https://github.com/AleoNet/ARCs/discussions/72) is being reviewed by 4 different teams and should be finished by the end of this week. So far, no major discoveries.
Leo Update: The team is working on updating the syntax while developing a roadmap for future features. Weekly core developer calls are held on Tuesdays and are open to everyone.
The test network BetaPR has been launched.
The more delegators there are, the slower the calculation and block time will be, so the native maximum number of delegators is set to 100,000. However, Arc-38 (https://github.com/AleoNet/ARCs/discussions/52) allows exceeding this maximum and minimum staking amount.
The method that splits the precord into two has the same cost as other calls, but it is the cheapest operation.
With more validators, transaction speed can be further increased.
Code Freeze is scheduled for this Friday (June 15th)!
Incentives for the Testnet Beta may be launched in July! Two types of incentives are planned: For provers - for program deployment.
The team is making final preparations before the new Coinbase puzzle mechanism is released to the public, so stay tuned!
The best way to contribute to the network right now is through ARC.
Testnet Beta is the last testnet before the mainnet launch: there will be multiple testnets after the release for testing new features.
It is particularly worth mentioning that Aleo has set up rewards for the Testnet Beta phase before the mainnet launch, which is scheduled to start in July to provide incentives for provers and program deployers. This undoubtedly provides an excellent opportunity for users who want to enter the Aleo ecosystem in advance and gain benefits.
The new incentive test network means that computing power service providers may start pre-mining rewards in advance, and there will be new rewards for interactions with other ecological partners. This move is very similar to the "space race" before the launch of the FIL mainnet. On the one hand, it attracts and motivates the enthusiasm of the community and service providers, and on the other hand, it also creates public opinion for the launch of the mainnet to increase exposure.
According to Aleo's official plan, the mainnet will be launched on August 13, 2024, when more than 100 leading exchanges will be online simultaneously. This is a rare opportunity for Aleo miners. As soon as the Aleo mainnet is launched, users who participate in mining can receive considerable rewards, and Aleo's algorithm and hardware equipment costs are relatively low, and the input-output ratio is relatively high.
For users, now is the best time to participate in the construction of the Aleo ecosystem. By participating in the mining of Testnet Beta in advance, users can not only receive generous incentive rewards, but also make their own contributions to the smooth launch of the Aleo mainnet. After the mainnet is launched, Aleo also plans to launch more testnets to test new features. This means that users will have the opportunity to directly participate in the Aleo mainnet first mine and receive continuous mining rewards! At the same time, Aleo's unique privacy protection attributes also make it a super potential project worthy of attention.
Aleo Highlights
As a new privacy computing public chain, Aleo has attracted much attention from the market. Based on zk-SNARKs technology, Aleo can provide a high degree of privacy protection. It is also programmable and compatible with Dapps on Ethereum and Binance Smart Chain. This brings broad space for the future ecological development of Aleo.
As a public chain project focusing on privacy computing, Aleo is compatible with all DAPP, DEFI and GAMEFI applications of Ethereum and Binance Smart Chain. This also means that the launch of Aleo's mainnet will have a profound impact on the entire Web3 ecosystem.
For Aleo, a highly anticipated blockchain project, we can focus on the following points:
Aleo is an open-source privacy computing public chain that aims to provide a secure and reliable privacy computing environment for decentralized applications (DApp). It is compatible with the ecosystems of Ethereum (EVM) and Binance Smart Chain (BSC), providing seamless migration for existing DApps.
Aleo has a strong lineup of investors, including a16z, SoftBank, Samsung and other well-known institutions, with a total financing amount of up to 298 million US dollars. This undoubtedly provides a solid financial guarantee for Aleo's future development.
Aleo's computing power hosting service is also a highlight. Users can use the supercomputing servers provided by Aleo to perform various computing tasks, such as scientific computing, 3D modeling, etc., which not only meets the needs of Web3, but also serves the traditional Web2 field. This brings double benefits to users.
Aleo has a low mining threshold, and only a GPU mining machine is required to participate. Compared with other mainstream public chains, Aleo's mining cost is more affordable. At the same time, Aleo also provides a variety of mining reward plans, such as incentives for provers and program deployers, to attract more users to participate.
In summary, the Aleo mainnet has officially entered the countdown stage. From code freezing, test mining to the mainnet launch, Aleo is creating more value for users. These exciting steps show that Aleo has started the final sprint for the successful launch of the mainnet. The day when the Aleo mainnet is launched is not far away!
As a well-known privacy computing public chain, Aleo will surely become an important member of the future Web3.0 era. Let us pay attention to the future development of Aleo and witness the rise of this new public chain together! Friends who are interested in Aleo should make arrangements as early as possible to avoid missing out on early dividends.
