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Recent News on Aleo
On April 12, Aleo shared a post from Flipside Crypto, revealing that the number of Aleo wallets has officially surpassed 2.5 million. This marks a significant milestone in the zero-knowledge ecosystem, with interaction speeds stabilizing at 2.58 million transactions per second (TPS).
Today, Aleo achieved a 50% single-day breakthrough and a 100% surge since April 12. This growth is closely related to technological advancements such as CodeSprint v3 and snarkOS v3.6, as well as ecosystem dynamics. Just recently, Aleo announced that it is the only vertically integrated ZK Layer 1!
Introduction to Aleo
Aleo is the first developer platform to utilize Zero-Knowledge Proofs (ZKPs) technology to build fully private, scalable, and cost-effective applications. By constructing a blockchain that is private by default and open-source, Aleo addresses the shortcomings of traditional data protection methods. Users can access a world of truly personalized web services through Aleo, ensuring privacy while managing their own data and enjoying efficient, secure network services.
Aleo's Core Architecture
Aleo's proprietary consensus algorithm is called AleoBFT, with Zero-Knowledge Proofs (ZKPs) technology at its core, making it suitable for the development of DeFi applications. Its main components include:
Leo Programming Language: Based on the Rust language, Aleo offers a programming language called Leo. This language protects user data while ensuring data integrity and reduces the cryptographic knowledge required by developers.
snarkVM and snarkOS: snarkVM is an EVM that runs off-chain applications and sends interactions to the Aleo blockchain, where only the computational results are verified, thus enhancing efficiency. snarkOS is a decentralized operating system for zero-knowledge applications, providing robust technical support for private applications and ensuring the security of data and computations.
zkCloud: A peer-to-peer, decentralized private computing model that enables programmable interactions between protected identities, which can be users, organizations, DAOs, or more.
Aleo Team
The story of Aleo began in 2016 with a vision to explore the boundaries of programmable zero-knowledge. The team consists of world-class cryptographers, engineers, designers, and operators from companies like Google and Amazon, as well as research universities such as UC Berkeley, Johns Hopkins University, New York University, and Cornell University:
Howard Wu: Co-founder, previously a software engineer at Google. With his deep expertise in cryptography, he leads the technical team in continuous innovation and breakthroughs.
Raymond Chu: Co-founder and security consultant at Argus. He has worked at Amazon and IBM and graduated from UC Berkeley.
Collin Chin: Co-founder, also a co-founder of Provable and an alumnus of UC Berkeley. Since 2014, he has over six years of experience and is primarily responsible for the development of Aleo's programming language, Leo.
Aleo Funding
According to available information, Aleo has conducted two funding rounds, Series A and Series B, raising a total of $228 million. This is the largest amount ever raised in the zero-knowledge proof field. Aleo has received support from prominent investors such as Andreessen Horowitz (a16z), Galaxy Digital, Variant Capital, and Coinbase Ventures.
Summary of Aleo
The Aleo team believes that in the next decade, web services will be ubiquitous, extending beyond browsers to many other areas. As of March, Aleo's validation nodes had reached 25, and in April, the number of wallets surpassed 2.5 million. Aleo is gradually realizing its vision of a new Web3 ecosystem centered on "privacy as a service." As Aleo's CEO Alex Pruden said, "Providing the world with secure and scalable applications." This is especially true for blockchain Layer 1 solutions.
