1. What is Aleo?
Aleo is the first platform to offer fully private applications.
It was born out of a desire to achieve the impossible - to build a truly personal and truly private user experience on the web.
Aleo achieves this by leveraging a decentralized system and zero-knowledge cryptography to protect user data on the network. At its core, Aleo provides users and application developers with unbounded computing with absolute privacy.
By designing Aleo as a private-by-default, open-source blockchain built for the web, we believe Aleo is uniquely positioned to address the shortcomings of blockchain adoption. With Aleo, users can access a truly personalized world of web services without giving up control of their private data.
We believe Aleo will reshape the role decentralized systems play in our society and introduce new online experiences never before possible.
2. Who are the members of the Aleo team?
According to the information, Aleo was originally conceived in 2016 to study programmable zero-knowledge and was officially established in 2019. Its co-founder Howard Wu is from the University of California, Berkeley, and has a bachelor's degree in applied mathematics and a bachelor's degree in computer science. He has contributed to the encryption libraries used in Ethereum and Zcash.
The team also includes Michael Beller, Collin Chin and Raymond Chu, world-class cryptographers, engineers, designers and operators from companies such as Google, Amazon, Facebook, and research universities such as Johns Hopkins University, New York University and Cornell University.
(III) Aleo’s financing situation
Aleo has two rounds of financing, namely Series A and Series B. Series A raised US$28 million and Series B raised US$200 million.
In April 2021, the zero-knowledge private application platform Aleo announced that it had received US$28 million in financing, led by Andreessen Horowitz (a16z), with participation from Placeholder, Coinbase Ventures, Galaxy Digital, Polychain Capital, Scalar Capital, Slow Ventures, Variant Capital, Balaji Srinivasan and Ethereal Ventures.
Aleo's Series B round was led by Kora Management LP and SoftBank Vision Fund, with participation from Tiger Global and Sea Capital, Samsung Next, Slow Ventures and Andreessen Horowitz (a16z), ultimately valuing the company at $1.45 billion. Following the company's $28 million Series A round led by a16z in April 2021, Aleo's Series B round is the largest round of financing ever in the zero-knowledge industry.
It is reported that Aleo will use the latest funds to develop products and services to help developers build an ecosystem on top of the decentralized network.
4. LEO Language
Leo is a statically typed programming language inspired by Rust, built for writing private applications. It is designed to let developers intuitively build on the Aleo blockchain, laying the foundation for a private, decentralized ecosystem. It is the first known programming language to introduce a testing framework, package registry, import resolver, remote compiler, and theorem generator for general-purpose zero-knowledge applications. Leo aims to eliminate as much cryptographic knowledge requirements as possible.
(V) Can Aleo come to the rescue?
As you can see, the current ALEO OTC futures price is also firmly in double digits. The first thing that can be confirmed is that the stability of this privacy public chain is very high. Secondly, the value it brings to the crypto market. High privacy is also the demand of the entire market. I believe that ALeo will definitely bring some good things after its debut, which is a much-needed booster for the current weakness of the market!