🛠 Toolkit for Building Private Applications

Today's Highlights

  • Aleo - enabling utmost privacy on blockchain
  • Learn - a couple of courses to further your knowledge in crypto.
  • In Other News - a few interesting developments we're tracking.

Aleo - enabling utmost privacy on blockchain

Aleo is building the world’s leading developer platform for enabling absolute privacy on blockchains. Aleo uses blockchain technology and zero-knowledge cryptography to deliver a new web experience which is both personal and private. The zero-knowledge cryptography enables developers to build decentralized applications that offer users personalized web3 services without sacrificing control of their personal data.

Zero-knowledge cryptography is used to move smart contract execution off-chain to enable a diverse range of decentralized applications that are entirely private and scale to thousands of transactions per second. By architecting a blockchain that is private-by-default, open-source, and built for the web, Aleo is uniquely positioned to address the shortcomings of blockchain adoption.

In contrast to other blockchains, such as Ethereum, Aleo payments are executed off-chain and only validated by network nodes. This enables the platform to endorse a greater amount of trade while also empowering developers to create decentralized applications that address complex real-world use cases that require specific centralized servers, all while remaining compliant with relevant laws.

The two most difficult issues in the blockchain space are confidentiality and expandability. Aleo is constructing a fundamental layer that addresses both, which they think will assist in catalyzing and developing the next generation of truly mass-market blockchain cases, ranging from video games to DeFi and even beyond. As the blockchain industry evolves, it demonstrates its capacity to support a digital ecosystem identified by the ease of access, effectiveness, and interoperability.

Aleo is preparing to launch its mainnet afterward this year, making it easier than ever for developers to create privacy-enabled, decentralized apps for both Web 2.0 and Web 3.0.

Aleo was founded by Howard Wu and Raymond Chu. Aleo has raised a total of $228M in funding.


📚 Learn

Enrique Barra and Asja Kamenica
Bina Ramamurthy

In Other News

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The cryptocurrency market is going through a rough patch, with the last few days seeing billions wiped off its total capitalization. Bitcoin has pulled below $21K once again. All in all, the market cap is closing in on $1 trillion once again, and it’s interesting to see if the coveted level will hol…
How Samsung Could Enter Crypto With Trading Platform
Report claims that at least seven major securities firms are pursuing preliminary approval to launch a crypto exchange from South Korea’s regulator.
BendDAO contract now has only 15 ETH left to pay lenders
More NFTs on BendDAO’s health factor alert list are about to default and be put into auction.