Aleo’s L1 creates a new ecosystem for secure and programmable applications that allow users a new level of control over their data
Today, the Aleo Network Foundation officially announced the launch of the Aleo Network, a layer-1 blockchain that combines general-purpose programmability with the power of zero-knowledge proofs (ZKPs). The network enables the next generation of decentralized apps that provide data confidentiality to users and scale to enterprises.
Mainnet marks a critical turning point for zero-knowledge technology. For the first time ever, developers can deploy and execute applications on a layer-1 blockchain that is zero-knowledge by default. ZKPs are used to prove knowledge about a specific set of data, without having to reveal the data itself. This gives developers a platform for building private-by-default, cost-effective decentralized applications and makes new use cases in identity, finance, and gaming feasible at scale.
Starting now, developers can build applications that allow users to safely provide the information necessary to access online services while keeping enterprises from bearing the risk of maintaining and securing that data.
Developers benefit from a network that provides:
About the Aleo Network Foundation
The Aleo Network Foundation is a Wyoming-based non-profit 501c4 organization created to guide and support the Aleo Network, focusing on open-source governance, developer engagement, and promoting zero-knowledge cryptography applications.
About the Aleo Network
The Aleo Network is a decentralized and leading developer platform for building secure, scalable, and cost-effective decentralized applications. Using zero-knowledge cryptography, Aleo moves smart contract execution off-chain to enable new use cases for applications like identity, finance, and gaming, scaling to thousands of transactions per second. Built on a decentralized, permissionless blockchain, Aleo brings the flexibility of Ethereum with a more scalable architecture that’s designed from the ground up for privacy.
ContactSenior PR ManagerPatrick KennedySerotoninpatrick@serotonin.co
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
