Students, all your questions about Aleo are here! Take a look! Don’t forget to retweet and like after reading it! ❤️Aleo basic information: Official Twitter: @AleoHQ Official website: aleo.org Total token supply: 3 billion, initial circulation: 1.5 billion Token: $Aleo Coin price: unknown Mainnet time: Official announcement No. 1 in 2024 Expected to be listed on the stock exchange in the quarter (February or March): both first-tier and second-tier tiers will be online…………………………………………Aleo is a developer platform for building fully private, scalable and cost-effective app. Using zero-knowledge cryptography, Aleo moves smart contract execution off-chain to enable a variety of decentralized applications that are both completely private and scale to thousands of transactions per second. To achieve this goal, Aleo has launched many unique tools and software. snarkVM: decentralized virtual machine snarkOS: operating system Leo: dedicated programming language, including ZK function………………………………1/n Financing situation Completed Series A of US$28 million in April 2021 Financing In February 2022, it completed a Series B financing of 200 million US dollars, with a valuation of US$1.45 billion. The investors are as follows: 2/n Development History In 2019, Aleo was established. It was officially announced on August 19, 2020, and the developer version will be launched in 2021 At the beginning of the year, the official Aleo Discord server was launched on April 20, 2021, with a Series A financing of US$28 million. On June 3, 2021, it received a US$1 million grant from the Ministry of Finance and launched the Aleo community reward program. Leo Programming Competition on August 16, 2021 On December 6, 2021, Aleo setup (mining) was officially started, and Testnest1 was launched simultaneously. On December 6, 2021, the incentivized test network Testnet2 was officially launched, with more than 10,000 nodes, and millions of zero-knowledge proofs were generated. On February 7, 2022, B In March 2022, Aleo launched the ambassador program and Testnet 3 was ready to go online. On August 19, 2022, Aleo Discord officially announced that the three test phases of Aleo Testnet 3 would be postponed. On November 10, 2022, Aleo network launched the third test phase. Phase 2 On January 24, 2023, Aleo released the 2023 roadmap. On March 30, 2023, Aleo released a summary of the second phase: more than 94 countries, 44,000 certifiers connected to the network. On May 2, 2023, Aleo announced the deployment Incentives, total: 5 million Aleo points May 22, 2023, Aleo Tools and Infrastructure Grant Program announced May 30, 2023, Aleo Bug Bounty Program announced June 21, 2023, Aleo Deployment Incentives launched, 2023 On August 29, 2023, the new logo of Aleo was launched. On October 31, 2023, the third phase deployment incentive review of Testnet 3 (6 million points were allocated). On December 20, 2023, the establishment of the Aleo Network Foundation was announced, a new chapter in 2023 On December 29, 2024, Aleo completed the security audit of snarkOS and snarkVM. In January 2024, the second stress test was launched. On January 17, 2024, the community phone stated that it would hold a semi-finals from February 29 to March 2. Official Mainet celebration January 19, 2024, in DC, Alex stated that the previous POSW algorithm had loopholes and was game-like, and a new POWS algorithm would be released in February January 25, 2024, Aleo temporarily shut down Aleo Faucet Test Coin…………………………………………3/n Introduction to Aleo Points (Points = Coins) Aleo Points allow users and developers to ensure verification and data services on a decentralized network secure and compensate service providers for their work, benefiting the entire Aleo open source ecosystem.Points Purpose: Grant Access Create Incentives Enable Staking Drive Governance Point Distribution Token Economics The latest token economics are not currently public, but several key pieces of information can be gleaned from the latest code. (Personal analysis by Xiao Fan) The coinbase reward ratio between POW and POS is half and half. Official source: Provers provide 50% of the Coinbase solution reward to validators to incentivize their participation and reward receipt. Link: aleo.org/faq/?mtm_campa… Block reward is: 23 points per block. The genesis block will include approximately 1.5 billion points in initial circulation of tokens, and the specific locking and release mechanisms are unknown. [This is important] Approximately 40 million were distributed for Testnet2 and Testnet3. There were only 3.7 million miners in the second phase of the third test, and the rest were given to ecological people. A validator needs 1 million points to start, and the 55 validators announced in the early stage will require: 55 million points. Including the issuance of 40 million points, the points circulating in the market are approximately: 100 million………………………………………………4/n Aleo’s three roles and AleoBFT consensus mechanism pledgers: pledgers Provers (miners): use specialized hardware to generate proofs and solve puzzles, and are rewarded with Aleo points to help validators participate in consensus and protect the network Provers (miners): run nodes, verify transactions, and participate in consensus to add new ones Block, get fees and rewards (requires 1 million points to become a validator) AleoBFT is a novel consensus algorithm based on Bullshark/Narwhal tailored for Aleo. Official details: aleo.org/faq/…………………………………………5/n Aleo’s official minimum mining machine configuration official link: github.com/AleoHQ/snarkOS The official will launch the latest POSW algorithm in February 2024, which will seal previous loopholes. This is of vital reference significance for the selection of mining machines. Regarding the selection of Aleo mining machines: 1. Since the chip machine will be on the market, when choosing a GPU graphics card machine, you need to consider the impact, depreciation and recycling of the chip machine after it is launched. 2. The chip machine will be available 6-8 months after the main network, and mass production will take more than 10 months. 3. Choose a cost-effective graphics card for your graphics card, such as 3080 and 3080Ti, which are good choices.The following is reference information for using ZKLION hoe to test graphics cards. 4. Choose Intel or AMD for CPU, few cores or multiple cores. You can wait for the new algorithm to come out before deciding. It will be compatible with more other mining and AI computing power rentals in the future. Consider multi-core and high frequency. CPU is also a good choice. (The speed of PCI 4.0 or 3.0 channel is an indicator of AI computing power) 5. Choose a server-like chassis and can enter the IDC computer room. Non-standard ones can only be placed in the mine. 6/n Aleo ZK Ecosystem and Apps zPass: A privacy-focused solution that allows users to securely prove identity to third parties using pre-verified documents, user data and digital signatures without revealing more than you need to personal information. For example, proving to a cryptocurrency exchange that you are over 18 and a resident of a country without actually providing your name or date of birth. Neural Networks in zkSNARKs (ZKML): Aleo has launched a converter that makes it easy to convert Python machine learning models into Leo code. Leveraging the power of ZK, models can access and train sensitive data such as health or financial information without revealing the specific information to outsiders. ZKGaming Toolkit: The beginning of a full-fledged gaming toolkit for building games using open source zero-knowledge proofs. The initial toolkit features a verifiable randomization engine, zero-knowledge powering, proof generation, and in-game state aggregation. Leo Wallet: is a privacy-preserving wallet for the Aleo network that guarantees confidentiality through the ability to generate zero-knowledge proofs directly in the browser. It also provides developers with a platform to create, deploy, sign and deliver privacy-focused programs. …………………………………………7/n How does Aleo participate? I will teach you how to play airdrops in the next thread. Although the official says there are no airdrops, you can interact with them at zero cost. Purchase a mining machine and mine directly when the mainnet is launched. The second step is to take orders from the market and buy Aleo’s spot after listing on the exchange. Those who know development can write Dapps in LEO language and get official rewards. …………………………………………8/n Aleo third-party ecosystem The Aleo ecosystem is booming, and projects will be launched hundreds of times when Aleo is launched, which will be introduced in detail in the next thread.