Aleo has been online for a few months, why is it still hovering at the bottom? When will it improve? Isn't this a question everyone has? I have the same question.
Look at the neighboring STRK, which also uses zero-knowledge proofs; however, Aleo implements the Snark algorithm while STRK implements the SRTK algorithm. Aleo has two additional features: one is zk cloud off-chain computing, and the other is privacy protection. STRK can also perform a large amount of TPS calculations through scaling, and so can Aleo.
STRK has been at the bottom for so long; it recently just broke through the bottom but was knocked back down. More importantly, it was personally invested in by Vitalik Buterin. Compared to the STRK algorithm, Aleo's Snark algorithm is currently the mainstream algorithm for zero-knowledge proof projects.
Filecoin has recently also used the Snark algorithm to enhance mainnet performance, significantly increasing TPS capacity, and is currently developing quite well.
The Aleo project team, especially Howard Wu, has a deep understanding and research background in zero-knowledge proofs.
Howard Wu created wallets for Zcash and provided open-source code for Ethereum and Filecoin. Zcash was also the first cryptocurrency to use the Snark algorithm, but it lacked scalability and gradually declined.
Aleo combines Ethereum's scalability with the Snark algorithm technology from Zcash, using off-chain zk cloud computing to feed transaction results back to the Aleo chain for result confirmation. Therefore, Aleo's mainnet can do more, eliminating unnecessary storage and confirmations.
Therefore, Aleo's design philosophy is very innovative, which has garnered recognition and support from giants like Samsung, SoftBank, A16z, and Tiger Global.
It was extremely difficult for Ethereum to issue tokens for financing; it hovered at the bottom for a long time, and many people have not looked into Ethereum's difficult development history. Greatness is achieved through endurance.
The Aleo development team has spent five years designing the instruction set architecture, Leo programming language, SnarkVm virtual machine, SnarkOS zero-knowledge proof operating system, and zk cloud off-chain technology for the Aleo project.
However, Aleo has removed the concept of gas fees. The costs required for transfers are calculated through zero-knowledge proofs, which will not result in high transfer costs due to significant network fluctuations. In the 2021 bull market, Ethereum's gas fees were as high as hundreds of dollars, as anyone who has used it knows.
All of the above are the underlying technical supports for Aleo's development. It is thanks to these technologies that the Aleo project can go further. It is not a token on the Ethereum chain, nor is it a copy; Aleo, through mainnet upgrades and hardware enhancements, can achieve transaction speeds of hundreds of thousands or even millions of TPS per second, thanks to Aleo's advanced Snarks algorithm and BFT consensus mechanism support.
Friends who understand technology can review how long it takes to develop an instruction set and a programming language. So sometimes, don't speak without thinking; have a bit of patience. If you can't hold on after buying Aleo for a few months, the project team has been developing for five years without complaint. What is there to complain about?
Moreover, Aleo has already partnered with blockchain game development companies, and in the future, large games can run on the Aleo chain. There are also medical companies providing data privacy protection.
Take some time to look at the open-source information and ecological introduction published on the official GitHub. Don't mindlessly shout about it being a copy or a token. Broaden your perspective; what you see is just the tip of the iceberg of Aleo. Expand your horizons; institutional investment insights are much better than ours. Don't think you are smart; financing institutions grow to this scale by exploiting others.