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Aleo

Aleo

Aleo is a decentralized autonomous organization offering privacy applications for blockchain ecosystems.

Aleo is building a developer platform for enabling privacy on blockchains. The platform provides toolkits for Windows, Linux, and macOS that let users write, deploy, and share applications with a package manager, allowing them to privately compile and test codes.

In an interview with CoinDesk, the CEO Alex Pruden said:

“The way to think about it is, Aleo is like if the Ethereum model and the Zcash model had a baby.” An alternative analogy: “Zcash with smart contracts."

Platform

Zero-knowledge execution, also referred to as Zexe, is Aleo’s smart contracts-compatible evolution of ZKPs. Zeke will see users execute off-chain transactions that come with on-chain cryptographic proofs. Aleo’s privacy chops utilize the privacy technology underpinning Zcash.

Transactions on Aleo are processed off-chain and solely verified by the network nodes. This setup enables the platform to be able to support various transaction volumes and allows developers to create decentralized applications that seek to address complicated use cases.

Daniel Jacobs, founder at Kora Management, said in a statement:

The two biggest challenges in the blockchain space are privacy and scalability. Aleo is building a foundational layer that addresses both, which we believe will help to catalyze and grow the next generation of truly mass-market use cases in blockchain, from gaming to DeFi and beyond.”

Timeline

February 7, 2022
Aleo raises a $200,000,000 series B round from Andreessen Horowitz, Samsung NEXT, Sea Capital, Slow Ventures, SoftBank Group and Tiger Global Management.
April 20, 2021
Aleo raises a $28,000,000 seed round from Andreessen Horowitz, Balaji S. Srinivasan, Coinbase Ventures, Ethereal Ventures, Placeholder, Polychain Capital, Scalar Capital, Slow Ventures and ZKValidator.

Funding Rounds

Products

Patents

Further Resources

Title
Author
Link
Type
Date

Aleo

Web

13 September. 2021

Aleo Ambassadors Program - Community Feedback

Web

October 6, 2021

Aleo Blog | Aleo Community: 2021 Year in Review

Web

31.12.2021

Aleo Blog | Where Applications Become Private.

Web

-

Aleo Community Call #1 - 5/13/21

Web

September 17, 2021

...

References

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