Aleo: a blockchain based on the zero-knowledge protocol
Aleo defines a new standard for the Internet. It uses a completely different approach to security, privacy, and data ownership.
Almost everyone on the planet now uses the Internet. Unfortunately, people sacrifice their privacy for the sake of convenience. Large corporations already have all of our data, and they are free to use it however they see fit. You've probably noticed that after browsing on a number of web shops, advertisements start to haunt you on websites or social networks. Businesses gather information about your habits and data and use it to make money. Furthermore, this information is stored in an unknown location, and you have no access to it. Now consider the sheer volume of data breaches that various websites experience annually.
Web3 is the next evolution of the Internet. This open, decentralized Internet will allow users to own their content, which will be hosted on decentralized, community-run platforms. Users will log in to websites with their web wallet.
This is where the Aleo project, which can solve all of these problems, comes in handy.
Unlike others' ambitions to create a "new Internet," Aleo is intended to integrate with it. Aleo users benefit from new opportunities that are both personal and private. Additionally, Aleo developers are offered a programming model that works with already-existing web apps.
Zero-knowledge cryptography serves as the foundation of a secure, interoperable, and honest network. New web standards based on this technology provide users with options while mitigating the impact of data leaks.
The project developed the Leo programming language, which can be used to create private applications on Aleo. Additionally, the Leo Playground programming environment was launched so that programmers from all over the world could collaborate and share their work.
Aleo employs zero-knowledge cryptography to move smart contract execution outside of it, enabling a variety of dApps that are completely private and capable of scaling to thousands of transactions per second. Aleo offers all of Ethereum's flexibility, but with a more scalable architecture.
The project raised almost $300 million from investment funds such as a16z, Kora, SoftBank Vision Fund, and others.
The blockchain will be launched on the main network in July of this year.
The project's roadmap
The Aleo project thus provides a solution to a really pressing problem, such as the lack of privacy on the Internet in the modern era. If you like the project, you can join its discord and contribute to the cause. This will allow you to become a project ambassador.
