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Towards the future of a more secure web: Aleo Token

2024-09-09 18:34:14

The mission of the Aleo community is to create a more secure Internet, and the default private zero-knowledge network is the key to achieving this goal. Since the release of Aleo Testnet 1 in 2020, community efforts and achievements have paved the way to mainnet. This article will detail Aleo’s development history, technological innovations, and how the community contributes to this vision.


The origin and development of Aleo

Aleo Systems was founded in December 2019 by Howard Wu, Michael Beller, Collin Chin, and Raymond Chu with the goal of becoming "the first fully private application platform." This platform provides blockchain developers with zero-knowledge cryptography and programming tools so they can build secure applications.

Testnet 1: Initial Exploration: In June 2020, Aleo released a developer preview, along with Aleo Studio and the Leo v1 coding language. By August, Aleo officially launched Testnet 1, an implementation based on the ZEXE research paper. This stage lays the foundation for subsequent technical verification and community building.


Launch Ceremony: Milestone Event

In August 2021, the Aleo launch ceremony became an important milestone in the history of blockchain. The event attracted more than 2,200 global participants to contribute to Aleo’s foundational zkSNARK security. This setting not only ensures the functionality of decentralized private computing (DPC), but also lays a solid foundation for Aleo’s future development.

Continuous technological innovation: Testnet 2: Verification at scale: The launch of Testnet 2 from 2021 to 2022 marks a major advancement in Aleo’s technical architecture. Provers at over 10,000 nodes produce millions of zero-knowledge proofs, validating the network’s cryptoeconomic design. During this phase, the team resolved key consensus issues and established multiple mining pools to ensure control and accountability of the network.


Testnet 3: Introduction of new consensus algorithm

From 2022 to 2023, the launch of Testnet 3 brought a new consensus algorithm AleoBFT. This algorithm combines proof-of-stake with a work-based prover compensation scheme to allow developers to deploy ZK programs on Aleo and interact with users. Through this phase of the incentive program, Aleo has witnessed the participation of more than 44,000 certifiers from 94 countries around the world.

The power and engagement of the community: The Aleo community is incredibly active and now has over 500,000 active Discord members, over 10,000 programs deployed, and over 300 Aleo Ambassadors. Over the past few years, the Aleo Network Foundation has awarded 40 million Aleo Points and more than $8 million in awards to the community to encourage active participation.


Ambassador Program: Knowledge Sharing and Dissemination

Since its inception in 2022, the Aleo Ambassador Program has aimed to cultivate a community that creates quality content. Ambassadors not only contribute to promoting Aleo’s mission, but also play an important role in network governance. Today, more than 415 ambassadors are involved, working together to drive Aleo’s growth.

ZPrize Competition: Catalyst for Technological Breakthroughs: In 2022-2023, Aleo launched the inaugural ZPrize competition, attracting sponsorship from more than 30 companies and totaling prizes of more than $7 million. The goal of this competition is to improve the performance of key common algorithms, increase the potential of zero-knowledge encryption, and promote the development of open source projects. The success of the ZPrize competition sets a new benchmark for the industry and promotes the advancement of zero-knowledge proof technology.


Future Outlook: Upcoming Mainnet Release

As the Aleo community continues to grow and technology continues to advance, the much-anticipated mainnet release is imminent. Aleo's developer community has worked hard over the past five years to realize the vision of a zero-knowledge network, with privacy and security always being top priorities. The mainnet launch in 2024 will mark the beginning of a new milestone for Aleo.


in conclusion

Aleo's development history fully demonstrates how the power of community and technological innovation can work together to promote a more secure network. Through zero-knowledge encryption and private computing, Aleo not only provides developers with powerful tools, but also creates a secure environment for users. With the upcoming release of the mainnet, the Aleo community will continue to work hard to promote the progress and application of blockchain technology and embrace a better future.

Disclaimer:

1. The information does not constitute investment advice, and investors should make independent decisions and bear the risks themselves

2. The copyright of this article belongs to the original author, and it only represents the author's own views, not the views or positions of HiBT