Aleo mainnet launches in September 2024. Aleo is a privacy-focused L1 blockchain that uses zero-knowledge proofs (ZKP) to enhance privacy, security, and scalability. Aleo employs a unique consensus mechanism called AleoBFT. AleoBFT is a proof-of-stake algorithm that uses Narwhal + Bullshark + dynamic committee sets. Aleo Provers generate proofs for puzzle rewards. This incentivizes optimization and ZK hardware development. The ALEO token was launched simultaneously with the mainnet. The initial supply of ALEO is 1.5 billion tokens and will increase over time. Aleo has a purpose-built zero-knowledge programming language called Leo designed to build private applications using zero-knowledge proofs.

The rise of blockchains that support smart contracts has fueled the development of unique decentralized applications and increased transparency in financial transactions. However, while transparency is beneficial for certain use cases, the demand for on-chain privacy is also growing. This has led to a large number of applications and blockchains prioritizing privacy by implementing cryptographic primitives such as zero-knowledge proofs, ring signatures, and multi-party computation (MPC).

Aleo is a privacy-centric L1 blockchain designed to enhance scalability and security through zero-knowledge proofs (ZKPs). Aleo combines its unique Coinbase Puzzle and AleoBFT mechanisms to verify ZKPs and transactions. This enables validators to verify the validity of transactions without knowing potentially sensitive information, such as the addresses involved in the transaction or the transaction amount. These privacy components create a favorable ecosystem for developers who want to build privacy-centric decentralized applications (dApps).

Aleo uses a unique mechanism, Succinct Proof of Work (PoSW), combined with a Byzantine Fault Tolerant (BFT) consensus protocol, AleoBFT. In this dual system, provers are responsible for solving cryptographic puzzles to generate zero-knowledge proofs (ZKPs), which are then verified by verifiers. The separation of roles ensures both privacy through zero-knowledge proofs (ZKPs) and network security, allowing Aleo to achieve scalable decentralized consensus without sacrificing user privacy.

A zero-knowledge proof (ZKP) is a cryptographic method that allows one party (the prover) to prove to another party (the verifier) ​​that a statement is true, without revealing any information other than the truth of the statement. In Aleo’s architecture, the prover generates cryptographic proofs to verify transactions, ensuring their correctness, without revealing sensitive details such as the amounts transferred or the identities involved. This feature is critical in Aleo’s architecture because it enables privacy-preserving dApps that can verify the execution of smart contracts without exposing the contract’s inputs or outputs.

Aleo mainnet launches in September 2024. Aleo is a privacy-focused L1 blockchain that uses zero-knowledge proofs (ZKP) to enhance privacy, security, and scalability. Aleo employs a unique consensus mechanism called AleoBFT. AleoBFT is a proof-of-stake algorithm that uses Narwhal + Bullshark + dynamic committee sets. Aleo Provers generate proofs for puzzle rewards. This incentivizes optimization and ZK hardware development. The ALEO token was launched simultaneously with the mainnet. The initial supply of ALEO is 1.5 billion tokens and will increase over time. Aleo has a purpose-built zero-knowledge programming language called Leo designed to build private applications using zero-knowledge proofs.

The rise of blockchains that support smart contracts has fueled the development of unique decentralized applications and increased transparency in financial transactions. However, while transparency is beneficial for certain use cases, the demand for on-chain privacy is also growing. This has led to a large number of applications and blockchains prioritizing privacy by implementing cryptographic primitives such as zero-knowledge proofs, ring signatures, and multi-party computation (MPC).

Aleo is a privacy-centric L1 blockchain designed to enhance scalability and security through zero-knowledge proofs (ZKPs). Aleo combines its unique Coinbase Puzzle and AleoBFT mechanisms to verify ZKPs and transactions. This enables validators to verify the validity of transactions without knowing potentially sensitive information, such as the addresses involved in the transaction or the transaction amount. These privacy components create a favorable ecosystem for developers who want to build privacy-centric decentralized applications (dApps).

Aleo uses a unique mechanism, Succinct Proof of Work (PoSW), combined with a Byzantine Fault Tolerant (BFT) consensus protocol, AleoBFT. In this dual system, provers are responsible for solving cryptographic puzzles to generate zero-knowledge proofs (ZKPs), which are then verified by verifiers. The separation of roles ensures both privacy through zero-knowledge proofs (ZKPs) and network security, allowing Aleo to achieve scalable decentralized consensus without sacrificing user privacy.

A zero-knowledge proof (ZKP) is a cryptographic method that allows one party (the prover) to prove to another party (the verifier) ​​that a statement is true, without revealing any information other than the truth of the statement. In Aleo’s architecture, the prover generates cryptographic proofs to verify transactions, ensuring their correctness, without revealing sensitive details such as the amounts transferred or the identities involved. This feature is critical in Aleo’s architecture because it enables privacy-preserving dApps that can verify the execution of smart contracts without exposing the contract’s inputs or outputs.