Privacy Troubles on the Internet
In the current Internet era, on the one hand, the Internet provides a lot of convenience to our daily lives; on the other hand, the Internet is also constantly collecting all kinds of our data. These seemingly scattered data are aggregated into big data, and almost everyone We have become a “transparent person”. Once this data is leaked or misappropriated, it will cause us privacy exposure and direct economic losses.
In 2020, someone secretly used other people’s identity information to exchange airline mileage points for air tickets, and used them for themselves and their friends. This situation has been going on for three years. Subsequently, many people posted articles stating that they had also experienced airline mileage theft, which exposed the privacy concerns.
According to a survey data, 43.6% of China’s Internet users have encountered network security problems, among which the highest proportion has been the problem of personal information leakage. In fact, the privacy issues that exist on the Internet also exist in blockchain.
Web3 privacy is essential
Let’s start with a cruel truth about the blockchain world: there is no privacy at all in the blockchain.
As blockchain data analysis companies become more and more professional, coupled with the requirements of many exchanges for user KYC real-name authentication, it is now easy for us to bind a person’s real identity to his Web3 identity.
Moreover, almost all blockchains are currently open and transparent. Users have no choice but to disclose their account balances, transaction information, and every move you make on the blockchain. This is like putting all your social media, Uber ride records, Google search records, emails, etc. are all open to others.
Imagine you live in a house with only glass walls but no curtains. Everyone who walks by your home can see what you have and what you do, which is the price Web3 pays for without privacy.
And since blockchain data cannot be deleted once it is made public, your exposed privacy will remain on the blockchain forever.
Aleo was born to solve the pain point of privacy. Starting from the most indispensable privacy of Web3, it allows Web3 users to have a truly personalized and absolutely private experience in the Web3 world.
How Aleo solves privacy pain points
So how did Aleo do it? We won’t talk about extremely complex technical principles here. I will give you vivid examples.
We just said that if you are a blockchain user, you are like living in a house with only glass walls but no curtains. This situation will bother you all the time.
How does Aleo solve this blockchain pain point? Aleo allows every user to wear an invisibility cloak.
In the real world, making an invisibility cloak is impractical, but in the world of blockchain, Aleo has successfully made an invisibility cloak so that others don’t know who you are. What you do on the blockchain No one else will know that you did it.
You may ask, is Aleo the first blockchain project that can create a similar “invisibility cloak”? In fact, it is not the case. Many projects have been done before, but the invisibility cloaks they produced are difficult to apply on a large scale due to production capacity constraints.
Aleo is the first one that can truly achieve “one piece for everyone”, allowing every ordinary blockchain user to have privacy. Therefore, we say that Aleo is a phenomenal blockchain project.
We will talk about how Aleo achieves large-scale mass production of the “invisibility cloak” so that “everyone has one”.
Aleo Team
Having just talked about Aleo’s privacy solution, let’s learn about Aleo’s team.
First, let’s look at the academic background of Aleo. The birth of Aleo is inseparable from some researchers from famous Web3 institutions such as Berkeley, Cornell, and Zcash. They have deep attainments in the field of zero-knowledge proofs. Howard Wu, the founder of Aleo, has had a very close relationship with them in research cooperation for several years. In this field, they have always been at the forefront of the world.
It can be said that Aleo stands on the shoulders of giants. It integrates the most cutting-edge and promising zero-knowledge proof technology in the Web3 industry. The Aleo founding team was established in 2019.
CEO, CTO & Co-founder Howardwu is a cryptography legend and a top student. Graduated from the University of California, Berkeley. Berkeley is a prestigious college in the field of computer science. It is extremely difficult for the public to enter. However, he studied at Berkeley with a bachelor’s degree and a master’s degree, and obtained a double-degree master’s degree diploma in applied mathematics and computer science.
Howard has been studying blockchain technologies such as Bitcoin since 2011, and has made some contributions to the code bases of Ethereum and Zcash. Later, he co-authored the paper “Zexe: Realizing Decentralized Private Computing” with his friends. Once published, it caused a huge response in the industry, just like the white paper written by Satoshi Nakamoto for Bitcoin. It can be said that this paper laid the foundation for Aleo’s current .
COO: Alex Pruden. Alex graduated from West Point Military Academy. He was once a partner of a16z and also worked at Coinbase. Before that, he was a member of the U.S. Army Green Beret Special Forces and has strong social resources.
CGO Anthony DiPrinzio , Anthony is an entrepreneur and venture capitalist with extensive experience in operational strategy, partnerships, and ecological development.
Investment institution a16z has publicly stated that the Aleo team is a world-class team. Even in the fast-paced Web3 industry, the Aleo team’s execution is the most impressive they have ever seen.
