Hello everyone, I am Stan, an ordinary passerby!
Before you read the following article, you can first take a look at my personal space and check out my articles and text messages to have a basic understanding of me...
As the first purely subjective blockchain value analysis, I am going to directly choose Aleo, the âepoch-makingâ project that brought my family back to life.
Aleo, the ultimate toolkit for building zero-knowledge applications, creates a decentralized network that breaks the impossible triangle of blockchain.
First, the most practical way is to go directly to investment institutions and existing financing.
(This picture comes from Feixiao)
The Aleo project has currently received US$298 million in investment. There are only public offerings and no private placement transactions. It has not yet been officially launched, and the network ecosystem has tens of thousands.
In the last bull market and even this bull market, the last two people who had such high hopes were called Fil and the other was called Sol.
It is important to note that Sol and Aleo belong to the same track, and Sol only received 2kw US dollars of investment before going online, and it did not break the impossible triangle problem of the blockchain. Like fil, it was pushed to the forefront by powerful capital. fil is The last round of "hurricane guest", sol is one of the "leaders" of this round of bull market.
The analogy is over, and I will add a historical high and low of futures prices, and then enter the value analysis other than "capital investment".
(The above information comes from XT.com)
Aleo breaks the impossible triangle of blockchain. First, we have to understand what the blockchain triangle is.
Trigonometry problem:
Privacy, programmability and efficiency.
Before the emergence of Sol and Aleo, it was generally believed in the blockchain that no network could take care of all three at the same time. The recent Cancun upgrade led by Eth was to upgrade its high efficiency.
privacy,
It is not difficult to understand that this is a major feature of web3 decentralization.
Generally speaking, there is basically no privacy in on-chain transactions. Your wallet address can be recorded and directly observed, and your transaction records have corresponding hash values.
Solving privacy issues is a major problem that Web3 must face when creating social networks.
No one wants others to know everything about you through your account.
(Anyone can track and view your wallet and find more wallets related to you based on interaction records)
programmable,
A simple metaphor is whether you can use language to speak, whether you can use building materials to build a building, and if you cannot program, it can only be a readable file...
The metaphor should be more vivid. The Leo language under Aleo and web2 programming languages ââââsuch as Java, C++, rust, etc. play the same role on the Internet.
Not programmable means that you cannot add your content to the "New Folder".
The so-called chain games and social activity platforms have no place to survive.
efficiency,
Efficiency determines the height that Web3 applications can reach.
To give a simple example, 2G reads novels, 3G reads pictures, 4G barely runs normal definition videos stably, and 5G downloads in seconds.
The current operating efficiency of Ethereum is still at the kb level, which is approximately equal to 3g. The low efficiency determines that it is difficult for you to see high-definition videos that are cached and played in a timely manner on the blockchain.
Intuitively, you cannot find a short video platform like Tiktok among the Dapps (blockchain decentralized apps) currently on the market, nor can you find a long video social publishing platform like Bilibili.
Itâs not that everyone doesnât want to do it, but that everyone canât afford it. Online chain games are also online games in a broad sense. Most of them use pixel graphics and need to take the blame for the inefficiency of the current web3 network.
Just like Pixel chain games, pixel style...
So, what does the impossible triangle problem mean?
A blockchain network cannot satisfy both
Absolute privacy, programmable, high efficiency operation
Generally speaking, you can only choose two of the three, and Aleo, which has not yet officially set sail, has solved this problem using a method similar to off-chain calculations and on-chain proofs. And "selective privacy" might be possible.
Insert "selective privacy" here, that is, you can choose which content of your account is hidden and which content can be made public. It is very simple to implement in web2. The central server can easily obtain permissions, but on the chain, it can often only do to completely transparent or completely hidden.
Here is a small analogy. If it is completely hidden, no one will know how much money your evil boss has taken. Selective privacy can protect the personal privacy of a good boss while monitoring his funds to prevent him from doing so. Corruption is almost completely positive, that is, it benefits the users themselves and also facilitates the regulators.
Aleo breaks the triangle,
It's like building a foundation for the Web3 network software building.
Purely subjective and personal,
After confirming that the information is correct, my family invested a total of more than one million to participate in Aleo new coin mining machine half a year ago, but it has not yet been officially launched.
Individuals can achieve total freedom of wealth simply by anticipating future earnings.
And I am preparing a technology company with aleo as the core.
"Getting tokens" we chose Molika Core Computing Company, which is backed by Mainland China's Privacy Supercomputing Service Center Sanxia Star. It occupies the right time (Btc halving is imminent), the right location (low cost of water conservancy and power generation) and the right people (national policy support, no risk) )
An article will be published later to introduce you to Sanxiaxing, a "supercomputing company" that once dominated Fil distributed storage and has now turned to Aleo private computing services. It has been certified by the Industrial and Commercial Administration of Mainland China with three certificates in one.
Located in the Three Gorges Dam, guarded by armed police, recognized by the government, we emphasize that this is a legal VPN.
The reason why the word mining is not used but "get tokens" is that Aleo's entire token distribution is not traditional mining and skips the concept of mining. It uses pow+pos and the contract agreement is also written as "distributed privacy computing." Serve"
Aleo is about to be launched and is expected to be launched on the mainnet in the first quarter of this year (2024). At the same time, its tokens will be listed on multiple exchange platforms.
Purely personal opinion (joking),
Large funds directly carry heavy positions, and small funds directly trade.
If you want to seize the last wave of time to buy mining machines in advance,
The chase will be brutal once it goes online...
I rarely use so many absolute words in short messages and articles. I can only say that I personally have very high expectations for this.
Let me just say this, the above does not involve investment opinions.
Aleo itself has nothing more to say, other than how awesome its founder is and how excellent its development is.
Those who are interested can directly log in to Aleo.org to check it out.
Finally, attached is a screenshot of my email from participating in the Aleo Shanghai Developer Conference:
