Understand the problems of Aleo graphics cards, chip machines, and ASIC chips, as well as Aleo’s strong technical strength!

As the Aleo project is about to be mainnet, the market has become active, and more and more participants are getting ready to take action. You may face various pitfalls or doubts when participating in Aleo. Based on the recent feedback and private messages from many netizens, let’s sort out the valuable information about Aleo for everyone, so that everyone can keep the information symmetrical, avoid falling into pitfalls, and improve self-prevention.

Points transactions

Participants in Aleo’s second and third tests will more or less receive official Aleo Credits (Aleo points). They can also receive points through the official Aleo faucet for testing ( receipt method ). It is rumored that the test network obtained Points can be exchanged for Aleo tokens after the subsequent mainnet launch according to a certain ratio. There are 1:1 and 5:1, but they are not officially clear. The specific details have to wait for the official announcement of Aleo. Points in the current testing phase can only be used It is being used in the test network stage, so if any institution mentions that OTC trading is now available, please be cautious.

About airdrop

Regarding receiving airdrops from Aleo, some friends asked in the early stage about how to receive airdrops. Basically, they teach everyone how to receive faucets. We have also published tutorials before ( How to receive Aleo faucets ). At present, there is no official news about airdrops. The early airdrops may be a misunderstanding of the official second test. Therefore, if someone authorizes you to use your wallet to receive airdrops, you must be cautious.

About private placement

Regarding Aleo’s private placement quota, a friend recently asked someone to promote Aleo’s private placement quota to him. Is this true? I specifically went to the official website to check this information, but I didn’t find any official news about private placements. So if someone asks you for a fee and invites you to conduct private placements, please be cautious.

About chip computers and graphics cards

Considering the technical strength of miners is one of the important factors in choosing to participate in the Aleo project. A hardware supplier with strong technical strength can usually provide more stable, secure and efficient mining pool services.

Aleo will adopt the PoS+PoW method after the mainnet goes online. PoW can simply be understood as mining with graphics cards. In fact, in the second phase of testnet 3, a round of graphics card mining has been started. Mining can still be done after the mainnet goes online. .

Judging from our many years of experience in the industry, if Aleo can mine more cost-effectively in the future, it must be an ASIC chip machine. Graphics cards and ASIC chips have different advantages at different stages. This is an absolute advantage in technology.

Of course, many friends will also ask how to choose a graphics card or lay out an ASIC chip. Let me sort out a few points for you here:

• Purchase or host a multi-card server: You can look for larger or familiar resources on the market to purchase and entrust. For newly purchased graphics card machines, you should pay attention to whether the machine is new or second-hand, the detailed configuration of the machine, etc., and pay attention to the cost calculation.
• Purchase Aleo ASIC chip machines: As Aleo becomes more and more popular, more miners are turning their attention to ASIC chip machines with low energy consumption and high efficiency. Because Aleo is not yet on the mainnet, the algorithm is still uncertain, and the ASIC chip design has not yet been taped out, so if someone recommends it to you, please participate with caution. If the algorithm changes, the machine may become scrap metal. The production cycle of ASIC machines is about 6 months. After the Aleo algorithm is determined, ASIC chips will be tape-out and produced, so the current ASIC machines are futures. The current market forecast is that there will be a dividend period of about 6–8 months before the ASIC chip machine comes out.
• Other machines: So far, in addition to graphics cards and ASIC machines, there is no more suitable IDE machine. If it appears in the future, just check the cost.
• Cost and payment: No matter what configuration and solution is given on the market, it ultimately depends on how much C/S computing power the machine can actually have, because in the end the Aleo points reward is only related to the computing power that the machine can generate, not to other things. Nothing to do. Therefore, no matter it is a two-card machine, a four-card machine, a six-card machine, an eight-card machine, etc., no matter how complex the configuration is, in the end investors only need to focus on the investment cost of each C/S and the income generated. Whether you are purchasing a new graphics card machine or an ASIC chip machine, payment must be made through formal channels, business-to-business, and non-business payments are required to be cautious.
• In addition to the above-mentioned points, there are other aspects such as security, stability and usability that also deserve attention. Through a comprehensive examination of these factors, I hope it will be helpful to Aleo value enthusiasts when choosing hardware such as chip graphics cards, so as to achieve better experience and benefits in the Aleo project.

Aleo’s strong technical strength:

Next, I will give you a detailed explanation of Aleo’s technical team, so that everyone can have a clearer understanding of Aleo’s technical strength. Aleo’s success is no accident !

At present, the homogeneity problem on the application side of the encryption market has become very serious. There may be a large number of similar projects on the same track. Therefore, for a new project, in addition to the basic elements of the project’s positioning or highlights, the ability of its team is particularly important, which determines the success or failure of a project and how far it can go in the future.

Aleo is undoubtedly one of the “stars” in the Web3.0 privacy public chain, a landmark innovation event in the blockchain field. However, in recent years, there have been countless celebrity platforms and capital platforms in the blockchain field, and projects that have experienced a surge in popularity in stages. It is difficult to distinguish between true and false, and in the end they are just like chicken feathers.

Especially when seeing the founder of Aleo, who is very young and has a familiar Asian face, it is hard not to think about him. Looking at the essence through phenomena, for any blockchain technology and Internet companies, celebrity effect and hype can bring short-term enthusiasm to the project. The final direction of the project still depends on whether the core technology and related ecological applications are perfect. Today we change roles and analyze the Aleo project. From the technical aspect, we understand the story of the Aleo core founding team and judge the quality of the project from the technical aspect.

Aleo was conceived in 2016 as research into programmable zero-knowledge. The company was officially founded in 2019 by Howard Wu, Michael Beller, Collin Chin and Raymond Chu. The team is comprised of world-class cryptographers, engineers, designers, and operators from companies like Google, Amazon, and Facebook, as well as from the University of California, Berkeley, Johns Hopkins University, New York University, and Cornell University, among others Research Universities.

Howard Wu is a cryptography legend and co-author of the groundbreaking paper “Zexe: Enabling Decentralized Private Computing.” He has also worked at A16Z and Coinbase.

Howard Wu studied at the University of California, Berkeley, where he received a bachelor’s degree in applied mathematics and computer science, and then studied for a master’s degree in electrical engineering from the University of California, Berkeley.

Howard Wu first came into contact with Bitcoin in 2011. Since then, he has been an active researcher in the field of computer science theory and computer security. He has researched and worked with Zcash co-founder Professor and others, and has also contributed to successful projects such as Ethereum and Zcash. , has made irreplaceable code contributions. In addition, Howard Wu is also the co-founder of the investment company DekryptCapital.

Michael Beller attended Staples High School from 1976 to 1980; he then attended Cornell University where he studied Science (B.S.) Operations Research and Industrial Engineering. After graduation, he became a senior manager at Accenture.

• In 1991, he began serving as vice president of Technology Solutions Corporation.
• In 1994, he became the founder and partner of Diamond Management & Technology Consultants.
• In 2001, Beller became a managing partner of Lightship Partners.
• In 2007, he became the executive vice president of strategic management and chief information officer of Steve & Barry’s.
• In 2014, Michael became a general partner of CoVenture,
• In 2019, he became the co-founder of Aleo and held the position of chief financial officer.

Michael Beller has a rich skill set of 43. Therefore, Beller understands start-ups and has extensive working experience in business strategy and strategic planning.

Collin Chin studied electrical engineering and computer science at the University of California, Berkeley, from 2015 to 2018.

From June 2014 to August 2015, he was a robotics and programming instructor at SySTEMic Solutions. From May 2016 to August 2016, Chin was a software QA intern at Sportvision. In October of the same year, Collin became a technical fellow at Berkeley Blockchain. Gu, Collin is a real editor. He knows programming languages ​​​​such as Python, Java, SQL, Rust, C++, Solidity, JavaScript, Scheme and MIPSAssembly. Chin also knows robotics, LaTeX, React.js , Cascading Style Sheets (CSS), and Microsoft Visual Studio C++. Collin Chin is currently mainly responsible for developing the programming language of the Aleo public chain — LEO.

Raymond Chu studied computer science at Berkeley from 2015 to 2019.

• From May 2014 to June 2014, he served as a summer research intern at the UCLA Henry Samueli School of Engineering,
• In June 2014, I obtained the position of engineering intern at Aitech.
• In June 2016, Raymond became an academic intern at the University of California, Berkeley. In the same year, he also served as a software project manager at a blockchain company in Berkeley.
• In 2017, I worked as a software engineering intern at IBM for 4 months.
• In 2018, Chu was a software engineering intern at Amazon.

Through the above introduction, we can already have a preliminary understanding of the strong strength of the Aleo team.

The zero-knowledge encryption technology used by Aleo is extremely technically difficult and is currently the cutting-edge technology in related fields. Therefore, it has extremely high requirements for the technical strength of the team, and the strong technical background of the Aleo team has also become the support for the application of this technology.