Devin Marble

Aleo network is live 🔥 Aleo introduces a new model for decentralized computation that combines confidentiality and scalability. Traditionally, blockchains have suffered from one big limitation: they are fully transparent by design. This is because trust requires verification. Transactions on a blockchain need to be transparent so that everyone can verify that they are correct. Aleo's breakthrough is to use cutting edge cryptography in the form of zero knowledge proofs to create a blockchain that is privacy-preserving while still being fully verifiable. This is an important feature, not just because it protects users’ personal data, but also because it extends the design space for application developers. There are things that can be built on Aleo that are simply impossible to build on a transparent blockchain. A few examples: (1) payment systems that are private, scalable, and compliant; (2) identity systems that allow people to prove who they are without unnecessarily leaking information; (3) on-chain games that require hidden information in order to be fun; and many others. Huge congrats to the team and ecosystem for all of the hard work that has led to this moment. Fired up for what's to come.