The post Aleo Launches Mainnet, Bringing Zero-Knowledge Cryptography to the Masses appeared on BitcoinEthereumNews.com.

San Francisco, United States, September 18th, 2024, Chainwire Aleo’s L1 creates a new ecosystem for secure and programmable applications that allow users a new level of control over their data Today, the Aleo Network Foundation officially announced the launch of the Aleo Network, a layer-1 blockchain that combines general-purpose programmability with the power of zero-knowledge proofs (ZKPs). The network enables the next generation of decentralized apps that provide data confidentiality to users and scale to enterprises.  Mainnet marks a critical turning point for zero-knowledge technology. For the first time ever, developers can deploy and execute applications on a layer-1 blockchain that is zero-knowledge by default. ZKPs are used to prove knowledge about a specific set of data, without having to reveal the data itself. This gives developers a platform for building private-by-default, cost-effective decentralized applications and makes new use cases in identity, finance, and gaming feasible at scale. Starting now, developers can build applications that allow users to safely provide the information necessary to access online services while keeping enterprises from bearing the risk of maintaining and securing that data.  Developers benefit from a network that provides: High scalability through off-chain execution with ZK proofs, reducing computation and speeding up transactions. True decentralization thanks to a diverse, intentionally planned network of validators, ensuring stability, resilience, and inclusive governance. Unlimited runtime through off-chain execution, eliminating gas fees common to other blockchains. A full-stack development experience that makes it easy for developers to build ZK dApps by handling the complex cryptography.  This launch marks a significant milestone following the successful validation of Testnet Beta, where the network was thoroughly tested across diverse environments. The Foundation enhanced the network’s security by addressing findings from audits by three independent firms and resolving issues identified through bug bounty programs. “The launch of Aleo’s mainnet marks…

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Filed under: News - @ September 18, 2024 7:27 pm