Aleo launches mainnet, bringing zero-knowledge cryptography to the masses

[PRESS RELEASE – San Francisco, United States, September 18th, 2024]

Aleo’s L1 creates a brand new ecosystem for safety and programmable functions, giving customers a brand new degree of management over their information

At present, the Aleo Community Basis formally introduced its launch Ario Networksa layer 1 blockchain that mixes common programmability with the facility of zero-knowledge proofs (ZKP). The community helps the following technology of decentralized functions, offering information confidentiality for customers and scaling for enterprises.

Mainnet marks a vital turning level in zero-knowledge expertise. For the primary time ever, builders can deploy and execute functions on a layer-1 blockchain that’s designed to be zero-knowledge by default. ZKP is used to show data a few particular set of information with out revealing the info itself. This gives builders with a platform to construct pre-built personal, cost-effective decentralized functions and make new use circumstances in id, finance and gaming possible at scale.

Any longer, builders can construct functions that allow customers to securely present the knowledge they should entry on-line providers, whereas liberating companies from the danger of sustaining and defending that information.

Builders can profit from a community that gives:

• Excessive scalability Scale back calculations and pace up transactions by way of off-chain execution of ZK proofs.
• True decentralization Stability, resiliency, and inclusive governance are ensured because of a various, deliberately deliberate community of validators.
• Limitless run time Remove fuel charges frequent in different blockchains by way of off-chain execution.
• Full-end growth expertise This enables builders to simply construct ZK dApps by dealing with complicated cryptography.

This launch marks an vital milestone following the profitable validation of the testnet Beta, which was completely examined in several environments. Basis strengthens community safety by resolving audit findings three independent companies and resolve points found by way of the bug bounty program.

“The launch of the Aleo mainnet marks a milestone in our mission to assist customers shield their private data. This isn’t only a technological development; A elementary shift in how we work together with information. “Customers can now securely share solely the non-public data related to a particular question, similar to their precise age or credit score rating, with out revealing the complete contents of non-public paperwork similar to start certificates, monetary information, well being data, and so on. Our in-house id answer Merchandise like ZPass display the potential of an Web the place customers, not platforms, management the info they see and share.

“At Variant, our infrastructure investments are guided by the thought of ​​increasing the design house for functions. The significance of decentralized, privacy-preserving computing can’t be overstated—think about defending customers,” mentioned Jesse Walden, founder and managing companion of Variant. App for actually safe and personal information. “Aleo is a pioneer in personal computing and we’re excited to proceed supporting the community.” “

There may be already a robust ecosystem of companions constructing real-world use circumstances on the community. Enterprise capital agency Electrical Capital ranks Aleo as one of many prime 5 ecosystems with the quickest total developer progress, with an total progress of 167%, and greater than 330 lively initiatives up to now, overlaying DeFi, instruments and infrastructure, id, and recreation.

“Creating secure on-line areas that assist and shield kids has been on the coronary heart of Bandio’s work because the program started. Lynzi Ziegenhagen, CEO of Bandio, the Aleo-based digital age assurance software in-built partnership with Frequent Sense Media, mentioned: The assist and cooperation we’ve obtained from Aleo all through its life cycle has been invaluable. “It’s actually thrilling to see the mainnet launch being the fruits of this crew’s exhausting work and dedication. “

The launch of Aleo Community comes at a time when demand for safe digital options is at an all-time excessive. With out safety, web3 dangers turning into a digital on line casino, missing the mandatory belief and utility. wider adoption. Aleo’s strategy ensures that privateness just isn’t an afterthought, however a elementary component that’s vital to the event of significant and safe digital interactions.

Aleo selects Coinbase for day one assist

Coinbase, one of many world’s largest cryptocurrency corporations identified for groundbreaking improvements in digital property, is offering Aleo with day-one assist in three key areas: custody, staking, and studying rewards.

• Coinbase Prime is the main institutional prime brokerage platform for crypto property, trusted by a few of the largest institutional shoppers on the planet. Institutional buyers can securely custody native Aleo tokens by way of Prime.
• Pledge: Coinbase will function one of many preliminary validators of the Aleo community, bringing best-in-class staking providers to assist the ecosystem. By leveraging Coinbase’s intensive expertise within the proof-of-stake ecosystem and its observe file of supporting staking innovation, this relationship will improve the Aleo community’s infrastructure and supply its individuals with dependable, safe staking providers.
• Coinbase Studying Rewards Present builders and customers with the chance to study concerning the distinctive benefits of the Aleo community and obtain rewards. Duties problem customers by way of on-chain duties, serving to them earn rewards and turn out to be conversant in key companions similar to Demox Labs, Puzzle, Apybara, Arcane Finance and Aleo Identify Service.

This announcement underscores Aleo’s dedication to constructing a robust and safe community from the start.

Lewis Han, head of developer gross sales at Coinbase, mentioned: “Aleo’s choice to decide on Coinbase for day one assist is one other sign to the market that customers desire a self-directed expertise, which for some means precedence assist. Expertise with privateness in thoughts. “We’re excited to assist the launch of the Aleo mainnet by integrating our staking providers into the genesis set of validators, serving to to construct a safer, user-centric on-chain ecosystem. “

The launch of the Aleo mainnet fuels the necessity for a safer web, the place the privateness of consumer information takes priority. Because the Aleo ecosystem continues to construct, zero-knowledge will ultimately achieve a foothold within the mainstream. To study extra about Aleo, go to www.aleo.org.

About Aleo Web Basis

The Aleo Community Basis is a Wyoming-based nonprofit 501c4 group established to information and assist the Aleo Community, specializing in open supply governance, developer engagement, and selling zero-knowledge cryptographic functions.

About Aleo Community

Aleo Community is a decentralized and main developer platform for constructing safe, scalable and cost-effective decentralized functions. Aleo makes use of zero-knowledge cryptography to maneuver good contract execution off-chain, enabling new use circumstances for functions similar to id, finance and gaming, and scaling to 1000’s of transactions per second. Constructed on a decentralized, permissionless blockchain, Aleo brings the pliability of Ethereum with a extra scalable structure designed from the bottom up for privateness.