Aleo
Created by Mel McG, on 2023-01-16 17:26:43Project Image
Synopsis
Aleo is a decentralized autonomous organization offering privacy applications for blockchain ecosystems.
Our Big Idea Is...
Imagine a world of truly private applications. Aleo is building the world's leading developer platform for enabling absolute privacy on blockchains. Aleo enables engineering teams to build web applications that are performant, secure, and anonymous. With our vocal advocacy for privacy tech in the blockchain ecosystem, we are playing a major part in mainstream awareness and industry adoption of privacy-preserving technologies. Aleo introduces an application runtime environment that allows your software to compile, execute, and finalize its state autonomously. We are proud to offer a platform of services that exemplify privacy.
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.”
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."
Some Details About The Team
This team has chosen not to share any details about themselves.
Like this project? Why not check out the creator's profile.Types
Deadline
No DeadlineLocation
UnspecifiedThis is what I need help with...
Nothing at the moment
Interested? Share or Leave a Comment!
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
Have an issue with this startup?
Any problems? Let us know, and we'll get right on it.- SureIn Secures €4M to Close the SMB Insurance Gap 15th Aug 2023 Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
- SuperFi raises $1M pre-seed funding round 28th Jul 2023 SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
- Startups rely on AI & sustainability for new partnerships 27th Jul 2023 41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
- Another Round closes £300k Seed round to revolutionise personal training 21st Jul 2023 Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.