Breaking news! ALEO officially announced: The first mine will be opened on July 1, and 150 million TOKEN will be distributed within half a year!
1. ALEO miner incentives start from July 1st and end on July 15th, with a total of 1 million points;
2. ALEO will distribute 150 million tokens within 6 months after its launch;
Aleo Chain is a Layer 1 blockchain platform focused on privacy and scalability, utilizing Zero-Knowledge Proofs (ZKPs) technology. Here are some key details about Aleo:
1. Zero-knowledge virtual machine (zkVM):
- Aleo integrates zkVM in its core, making privacy-preserving computing possible. This allows applications to easily leverage zero-knowledge proofs, enhancing privacy and security without compromising performance.
2. Default privacy protection:
- Unlike other blockchains, Aleo makes every transaction private by default. This approach ensures a larger anonymity set, overall improving privacy for all users.
3. Scalability and efficiency:
- Aleo achieves greater scalability and efficiency by processing transactions off-chain and using ZKPs to verify these transactions on-chain, significantly improving throughput and reducing on-chain congestion.
4. Developer-friendly environment:
- Aleo simplifies the development process of privacy applications by automatically generating ZK circuits. This abstraction layer allows developers to build complex applications without a deep understanding of zero-knowledge cryptography.
5. Leo programming language:
- Aleo launches the Leo programming language, designed to simplify the development of zero-knowledge applications. Leo is user-friendly and integrates seamlessly with Aleo's zkVM, making it easier for developers to create secure and private applications.
6. Testnet and community participation:
- Aleo runs multiple testnets to optimize its technology and incentivize community participation. These testnets attract thousands of developers and miners, contributing to the growth of the network.
7. Token Economics and Financing:
-Aleo has raised significant funding, including $200 million to support its privacy-oriented DeFi projects. The network plans to launch a native token to be used for transactions and incentivize network participation.
8. Investment institutions:
-Aleo has received support from many well-known investment institutions