In the blockchain network, what each of us exposes is actually account information and transaction information.
From the moment you have a blockchain account, Aleo can put on an “invisibility cloak” for this account. After that, all transactions you make through this account will also be private. For example, if you transfer 2,000 yuan to a friend, except Other than you and your friend, no one else will know that you initiated the transfer to this friend, because the transaction is completely private.
This is possible because Aleo uses a cutting-edge blockchain cryptography technology: zero-knowledge proof.
In the example of transfer, zero-knowledge proof allows users to transfer money with confidence without having to worry about account owners, balances, transaction records and other information being seen by others.
Based on zero-knowledge proof, Aleo has good privacy and it also achieves scalability.
How was the expansion achieved? Let’s take the example of clothes. Aleo puts on an invisibility cloak for every account and every transaction. In fact, this is not simple. It is a big challenge to the data processing capabilities of the blockchain. It is very difficult. This is also the case with blockchain. One of the reasons why there are relatively few privacy projects in the chain industry.
So what did Aleo do? We can think of a blockchain as a small factory. This small factory is responsible for processing various transactions on the blockchain. Since the scale of the factory is fixed, the transactions it processes per minute or per day are very limited, and the transaction order volume is large. It is very prone to congestion. This type of congestion is very common on blockchains such as Ethereum.
Aleo adopts an innovative approach. It allows small blockchain factories to engage in outsourcing cooperation with some large factories. The small factories send transactions to the large factories. These large factories are responsible for processing transactions in batches and then transmit the processing results back to the small factories. factory. In this way, the processing capacity of the small factory is increased exponentially. In other words, the efficiency of the small factory in producing invisibility cloaks is increased exponentially.
The big factories here are actually miners. They get the raw materials for clothes from Aleo’s small factories, process them and send them back. In this way, the miners can get the “processing fee”, which is the “block reward” paid to the miners by the Aleo network. .
Aleo application tools
Aleo is an open blockchain network on which developers can develop the privacy applications they want. For this purpose, Aleo provides rich infrastructure and development tools.
Among them, the Leo programming language and snarkOS have received the most attention.
Leo language, developed by the Aleo team, is a programming language specifically used to write privacy applications. It is very easy to use, and developers do not need much cryptography foundation to learn to use Leo.
Looking at the entire industry, there are only a handful of blockchain projects that can independently develop a programming language for their own blockchain ecosystem, which is enough to show the strong technical strength of the Aleo team.
snarkOS; you can think of snarkOS as the Apple or Android operating system on your phone, just like the various apps on your phone now. In the future, you can run various blockchain applications and other blockchain projects on it. The difference is that Aleo will bring strong versatility and privacy to these applications.
Aleo Ecology
In addition to strong technical support, Aleo also attaches great importance to ecological construction and expansion. It actively cooperates with major developer communities to promote the development of open source projects and injects continuous vitality into the ecosystem.
There are currently more than 14,000 smart contracts deployed on Aleo, and Aleo has a total of 44,000 nodes around the world. From these data, we can see that Aleo is officially building a super-large scalable and private public chain, the “private version of Ethereum”, the “ecological king” of blockchain 3.0.
Aleo wallet
1.Avail (wallet): https://avail.global/about
2.Leo Wallet: https://www.leo.app/
3.Puzzle Wallet: https://aleoglobal.org/PuzzleWallet
4.FoxWallet (wallet): https://foxwallet.com/
Of course, Aleo’s ecology goes far beyond that! It also cooperates with major enterprises and institutions to jointly explore the application of blockchain technology in various fields and promote the development and innovation of the entire industry. Whether it is finance, logistics, supply chain or medical care, Aleo is constantly expanding its boundaries and striving to bring blockchain technology into more practical scenarios and bring more convenience and possibilities to people’s lives.
