Aleo
Aleo is a platform for building secure, full-stack applications using zero-knowledge technology on layer 1, featuring a vertically-integrated ZK platform and a Rust-based programming language called Leo.
Services
Aleo provides a vertically-integrated zero-knowledge (ZK) platform that focuses on building secure, full-stack applications. The platform includes features such as low complexity, high scalability, unlimited runtime, and absolute decentralization. Aleo offers an in-browser editor called Leo Playground for experimenting with their Rust-based DSL programming language, Leo. Additionally, Aleo's SDK provides tools for building zero-knowledge applications, including account management, program execution and deployment, credit transfers, and communication with the Aleo network.
Products
Aleo's products revolve around their zero-knowledge technology. The Leo programming language is a Rust-based DSL designed to abstract low-level cryptography, making it easy to express logic in zero-knowledge. The snarkOS is Aleo's permissionless and scalable network for ZK-powered smart contracts, driven by the AleoBFT consensus protocol. snarkVM serves as a powerful virtual machine for zero-knowledge execution with features such as a custom immediate representation (IR), unlimited runtime, and efficient proof generation. Aleo's zPass is a privacy-focused solution allowing secure proof of identity information using pre-verified documents and digital signatures.
Sector
Aleo operates within the blockchain and cryptocurrency sector. Their focus is primarily on zero-knowledge technology to build decentralized, secure applications. The integration of programming languages, virtual machines, and consensus algorithms makes Aleo a key player in the blockchain development and crypto infrastructure sectors. Their projects are tailored towards enhancing the scalability, security, and privacy of decentralized applications.
History
Aleo has strategically focused on developing zero-knowledge (ZK) technology. The platform has gone through multiple testing environments such as DevNet, CanaryNet, Testnet Beta, and Mainnet Beta, leading up to its mainnet launch. Aleo has actively engaged its community in governance through its platform that allows the submission and voting on Aleo Request for Comments (ARCs). The developer grants program has deployed over $1 million and funded more than 15 projects, incentivizing the development of ZK applications on their platform.
Governance and Credits
Aleo Credits are a core part of the Aleo network, used to access blockspace and computational resources. Provers and validators secure the network and are rewarded in Aleo Credits. These Credits can also be staked with validators for block production and network security. Governance on Aleo's platform allows credit holders to participate in protocol upgrades and changes through voting on Aleo Request for Comments (ARCs). The initial supply of Aleo Credits at launch will be 1.5 billion, and the circulating supply is projected to grow to 2.6 billion over 10 years with a decreasing inflation rate.