Aleo sprints with all his strength, and the Q1 mainnet launch enters the final countdown!
Aleo officials recently announced that they are working hard to build privacy technology to ensure that the mainnet can be launched smoothly in Q1.
Since this is a difficult task, they require more time and everyone’s patience. Currently, they are conducting network stress testing before the mainnet goes online. During this process, some glitches may occur, which may be caused by network outages. If public information such as public balance and pledged balance is affected, for example, the test points of the LEO wallet return to zero, this may be due to a BUG in the wallet, and they are actively fixing it.
According to our observations, Aleo encountered a lot of problems during the testing process, and it took a certain amount of time to solve them . Whether it can be launched normally in Q1 is still a question, and further delays cannot be ruled out . Therefore, everyone should be mentally prepared and pay close attention to the latest news on this official account.
In addition, I need to remind everyone that yesterday a self-media published an article about Aleo being airdropped in the first quarter of this year. This is false information . The official Aleo community has never released any news about airdrops, and all interactive rewards come from third parties. Please do not trust information from unofficial channels to avoid unnecessary losses.
Aleo official latest news
1. Aleo official said: In the amazing Aleo ambassador community, we are celebrating a year full of great significance. Your efforts are driving the progress of the Aleo network and making the future of ZK possible. Let us raise a toast to the acceleration of 2024 and celebrate the glory of this moment.
2.Aleo official said: Most blockchains will make your data public. However, Aleo is different. It is designed based on ZK and adopts a unique approach that takes zero-knowledge proof as the primary consideration to achieve privacy protection in Layer-1.
3.Aleo is a privacy-centered zero-knowledge layer blockchain. Aleo uses a cryptographic proof technology called zk-snark to enable various activities and private transactions to be hidden while being verifiable. If you want to know more about this new network, our article will provide you with a detailed explanation.
4.Aleo official said: For every transaction that Aleo previously needed to rerun, Aleo only needs to verify one proof later. By moving calculations out of the chain and using ZKPs, it has achieved highly scalable private dApps.
Before the Aleo mainnet is launched, we encourage everyone to actively participate in the interactive experience to better understand the progress of this project and the application ecological scenarios of the privacy public chain on the zero-knowledge proof track. In order to help you better participate, we provide detailed tutorials, including how to receive testnet points, how to redeem value and interact with ecological projects, etc.
At the same time, we remind you to pay attention to risk prevention. Please be sure to read our official announcements and safety reminders carefully to avoid unnecessary losses. Finally, we emphasize again that testnet points have no monetary value and are for testing purposes only.
Aleo Staking: A Step-by-Step Guide to Using Leo Wallet
In this comprehensive exploration, we’ll dig deep into the core essence of Aleo, a trend-setting zero-knowledge proof layer 1 blockchain. At the same time, we will also explain in detail the steps to stake Aleo tokens, so whether you are a veteran or newbie in the crypto field, you can easily participate. With the innovative Leo Wallet, you will start your journey to earn passive income on the Aleo blockchain.
Let’s embark on this Aleo staking journey together, from understanding the characteristics of this unique blockchain to how to easily complete staking using the Leo wallet. In this privacy-focused blockchain world, Aleo will bring you unprecedented opportunities and benefits.
What is Aleo?
Aleo is an innovative Layer 1 blockchain that uses zero-knowledge proof technology to bring breakthroughs in transaction privacy protection. Its unique “concise proof of work” consensus mechanism cleverly combines proof of equity and proof of work, allowing participants to serve as both verifiers of mortgage credit and contributors of other identities.
How to Stake Aleo: 6 Steps to Using Leo Wallet
Staking Aleo is a piece of cake using Leo Wallet. Follow these steps to start earning rewards:
1. Download and install:
Get the Leo wallet from the official website and install it on your desktop browser.
2. Create or import wallet:
Set up a new wallet or import an existing wallet.
3. Deposit Aleo tokens:
Fund your wallet with Aleo tokens.
4. Access pledge:
Click on the Aleo token in your wallet and select “Stake Aleo”.
5. Enter the amount:
Specify the amount of Aleo you want to stake, view the transaction and confirm.
6. Confirm:
Once confirmed, your Aleo tokens are staked and you can earn rewards.
Running a validator: For those who are ambitious, running a validator requires a large deposit and specific hardware. Discord provides insights to interested users.
Please note:
Minimum deposit for validators: To run a validator on Aleo, a deposit of 1,000,000 Aleo points is required. However, the Leo wallet only allows 10 Aleo points for staking.
Rewards and APY: The official Aleo team has not yet determined the staking rewards. Stay up to date with the latest announcements.
Hardware/Software Requirements : For Leo wallet staking, you only need a desktop browser with Leo wallet installed.
Staking options: In addition to Leo Wallet, there is also the option of staking via the command line.
Direct staking as a validator: Yes, but requires a minimum stake of 1,000,000 tokens and infrastructure setup. Discord guide on validator setup.
Choose a validator: Consider team trust, reliability, wallet quality, security, customer service, and fees when choosing a validator.
Conclusion: Staking Aleo is a rewarding endeavor and is seamlessly supported by Leo Wallet, with a minimum deposit of 10 Aleo points. As of now, staking is in the testing phase and can be tested by some users. It will be publicly released and awaits the mainnet release.
