Aleo Review: Top Blockchain Projects Applying ZKP Technology Are Expected
The post Aleo Review: Top Blockchain Projects Applying ZKP Technology Are Expected appeared on BitcoinEthereumNews.com.
In the context of the increasingly popular Zero Knowledge Proof (ZKP) technology, Aleo becomes one of the first Layer 1 blockchain projects to provide completely private applications using ZKP technology and is led by the famous venture capital devil a16z. The project is committed to providing users with unlimited computing power with absolute privacy. Let’s find out more about this project in this Aleo review. What is Aleo? Aleo is a decentralized blockchain platform that helps secure data. Platform with a completely new programming model to provide Web 3.0 application developers and users with a personalized experience that is almost completely secure and does not have to worry about revealing private data. Aleo applies a decentralized system and unique technique, “Zero Knowledge Proof,” to protect user data on the web. Aleo will structure its platform based on the blockchain system in a private-by-default direction to address the shortcomings of blockchain adoption and help users have a completely personalized browsing experience without losing control of their personal data. Born in 2016 as a study on programmable ZK, Aleo was officially founded in 2019 by Howard Wu, Michael Beller, Collin Chin, and Raymond Chu. Thanks to its groundbreaking approach to security technology, Aleo has received widespread support from academic researchers to the web, blockchain, and community developers… In April 2021, US$28 million Series A funding was completed, led by a16z and Galaxy Digital, Variant, and more participated in the investment; In February 2022, a $200 million Series B funding led by SoftBank and Kora Management was completed. What problem does Aleo solve? Most online business models today operate in the form of providing free services to users. Instead, they will take each customer’s private data to “own” it. This model (Web 1.0 and 2.0) needs to be updated and will cause users…
Filed under: News - @ October 22, 2023 8:08 am