Aleo there Blockchain Layer 1
Aleo is designed to protect privacy (private-by-default), open source (open - source). And the DEV Aleo team believes that their project will help Blockchain become more widely available.
In the next few years, blockchain-related network services will become popular and it will be very important for users to keep their personal information secure.
Outstanding information and data security with ZK (Zero-knowledge) encryption technology
Zero-knowledge is a technology that authenticates information without providing that information. This is one of the upcoming trends of the market.
What makes ALeo special?
Aleo uses ZK technology. This technology has many advantages that help users have many service choices and reduce risks when using the service.
Some outstanding advantages of Zk technology include:
Security for the web: Instead of logging in the password, or saving the password on the web or device, there is a risk of the password being revealed. The technology will encrypt and you can log in to the web and device without a password, helping to keep users safe, protect the web, and avoid security and legal issues that web services are subject to.
Enhance personal privacy: You will still have to worry about your information being sold by the WEB you visit, or the web service you use being attacked and leaking information.
Aleo is a private blockchain so it uses its own programming language called Leo. The language is inspired by Ethereum's Solidity language.
Aleo uses the Proof of Succinct Work (PoSW) consensus mechanism: A variation of the self-increasing difficulty algorithm based on Bitcoin's SHA algorithm.
The computation is based on proof of knowledge instead of an arbitrary hash function.
Aleo also mines like Bitcoin
Network fees are calculated in advance and users know how many Aleo points are needed to run the dapp. Aleo does not use the term Gas like some other L1 Blockchains.
Aleo development team:
Aleo was founded in 2019 with founding members including: Collin Chin, Howard Wu, Raymond Chu and Michael Beller...
These are engineers, cryptographers, researchers, and partners of many large technology companies such as Google, Amazon.... and major universities such as NYU, Cornell University, University of California...
Aleo's headquarters is in Reno, Nevada, USA.
Fund investing in Aleo:
Investor interest in ZK technology and the Aleo project is huge. From 2 rounds of capital raising, the project has successfully raised $298 million.
See at: https://www.crunchbase.com/organization/aleo-673f/investor_financials
Aleo has many community development policies & incentives such as:
Aleo Ambassador Program: Aleo Ambassador with the task of promoting the brand to the community
Aleo Feature Bounties: Rewards community members who have ideas to help Aleo add features and network security
Community Grants Program: Fund to encourage projects running dapps on the Aleo network.
Incentivized Testnet: Rewards fund for those who participate in early network operations (early mining operations)
ZPrize Competition: ZK technology research and development competition. 2M$ reward and opportunity to cooperate with industry-leading projects.
ALEO Token Allocation
ALEO is expected to be allocated according to the following ratio:
At the beginning:
Early Backers: 57%
Team: 20%
Public: 15%
Grants: 8%
After 5 years of operation:
Early Backers: 33%
Team: 11%
Public: 55%
Grants: 1%
How to own Aleo?
The project does not initially sell coins. If you want to have Aleo at this time, you must participate in operations, network security, mining, and participate in programs organized by the Aleo team.
Above is the basic information of the Aleo Project. It is expected that this year the project will issue coins and sell them on the exchange, then you can consider adding them to your investment portfolio. Or you can dig now.
All informational purposes only, and not investment advice
Thanks everyone. #LoveBinance
Like and share to support feed #Kienthuctradehold .
