Aleo is an environment for those who create blockchain applications. It is entirely private — zero-knowledge is used for applications. The threshold of entry is low — knowledge of cryptography is not needed. Earnings for testers and ambassadors — available.

How Aleo works, how it develops, who will suit — read on.

Why do you need Aleo?

So, Aleo solves the problem of private data on the Web. Today there are none. People use free services on the Internet. But they are not free. In return, the services receive personal data. If the data is stored incorrectly, it will fall into the hands of scammers.

Aleo’s vision is to strengthen the protection of information. Services will work with anonymized data. Users will take back control of their digital lives.

This requires Zero Knowledge. Unlike the Internet now, ZK is safe and fair. The technology is compatible with the current Web. It will mitigate the consequences of data leakage and empower the user.

Benefits of Zero Knowledge

Services become more secure. Users encrypt passwords themselves. This is safe for the user and reduces the responsibility of the service.

The data is not passed on to third parties. The broker knows all the client’s data — what deal he made and when. The Company may transfer information to third parties. Or she can use it herself — to outperform traders in the market, denying them service, and driving up prices. This is not the case with Aleo.

How is Aleo arranged?

Aleo allows you to create applications with Zero Knowledge and deploy them on the blockchain. You don’t need to understand cryptography.

The platform has its language — Leo. It is the first language for formally verified applications with ZK. Software user data is private by default.

For testing Leo and software, there is the Leo Playground sandbox.

Find frequently used code and share best practices — this is in the Aleo Package Manager. Download ready-made packages and create an application faster. You can work as a team — the package manager has a Teams option.

Aleo Studio

Aleo Studio is an IDE, a private application development environment. It’s like Android Studio, but with blockchain.

Aleo Package Manager is built into Aleo Studio. This makes it easier to find and use the packages you need.

When the application is ready, it is deployed on the blockchain. Applications run flawlessly on the blockchain, and developers can remain anonymous.

Available packages

See aleo.pm for available packages. New and downloaded are Hello World, Sudoku, Image Rotation, Bubble Sorting, Root Extraction, and Token Creation.

What blockchain does Aleo run on?

Aleo is a tier 1 blockchain like Ethereum or Tron. The smart contracts you wrote with Leo are running on the Aleo network.

Aleo smart contracts are called Zexe — “Zeksi”. They combine two possibilities:

users can conduct off-chain operations — outside the network;
users can secure on-chain cryptographic proofs from the network.

In Ethereum, everything happens on-chain. Because of this, the network becomes slow. Due to the different approach to on-chain, Aleo applications are not compatible with Ethereum.

At what stage is Aleo?

In November 2022, Aleo launched Testnet 3. This is a testnet with user rewards. Developers join Preview 2.

You can subscribe to updates, participate in the Ambassador Program, receive testnet rewards, and try the first packages and tools.

Aleo Studio is in alpha. There are versions for Windows 10/11, Mac, and Linux. Available Linuxes are Ubuntu, Fedora, and Arch.

There is a community on Twitter and Discord: source codes and hangout of developers — on GitHub.

Team and Investors

The developer company is Aleo Systems.

Howard Wu — Founder, CTO, former CEO. Participated in Dekrypt Capital.

Alex Pruden has been CEO since November 2022. Stanford graduate, military. Partner of the Andreessen Horowitz fund, blockchain analyst at GGV Capital.

Since 2018, Aleo has been collaborating with Andreessen Horowitz. In 2021, the startup raised $28 million from Andreessen Horowitz and Coinbase.

In 2022 — $200 million. 2022 Series B members:

Andreessen Horowitz;Tiger Global;Samsung;Softbank;Kora Management.

Aleo token. Tokenomics

The native token is ALEO. The maximum is 100 million coins. Distributed differently:

rewards for testnet participants;
developer grants;
mining.

The network uses a mixture of Proof of Work and Proof of Stake. The coin can be mined and staked.

ALEO is used in network management. Token holders put proposals to the vote and vote. Another application is payment for transactions and access to services. With the launch of the main network, the cryptocurrency will appear on the general market. The launch is in December 2023.

Final Thoughts

Aleo is a project at the testnet stage. It will be of interest to developers and those who are for privacy. Secure passwords and personal data, and mitigate the consequences of leaks.

Aleo has everything you need to quickly create software on the blockchain. Leo language, Studio, packages — in the set.

For investors — LEO token. Will be used in management to access branded services. Andreessen Horowitz, Coinbase, Samsung, Softbank invested in LEO.

Testnet participants and brand ambassadors can earn money right now.

The release will take place in December.

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AleoWeb site — https://www.aleo.org/

Twitter — https://twitter.com/AleoHQ

Discord — https://discord.gg/aleohq