A layer-1 blockchain that enables privacy-focused applications (dApps) using zero-knowledge proofs (ZKPs),
ALEO officially launched its mainnet on the 18th. ZKP technology is a technology that can verify the validity of data without disclosing users' confidential information.
This is expected to bring about major innovations in terms of privacy protection and scalability of blockchain. The launch of the mainnet will be a new step forward in the development of next-generation decentralized applications.
In particular, ZK technology has enabled the development of a variety of applications, including secure medical record management and verifiable machine learning, and has already been used in 3
Aleo has attracted over 50 projects, proving its technological capabilities. Following the launch of its mainnet, the US cryptocurrency exchange Coinbase announced that it will list Aleo on its exchange.
The company also announced that it will launch Coinbase Prime, a service platform for institutional clients.
Prime) will support Areo's custody and staking services.
This raises expectations that Areo will play an important role in the cryptocurrency market.
"Areo will present a new paradigm for decentralized applications to achieve scalability, confidentiality, and interoperability," Wu said, adding that blockchain technology will be a key enabler for blockchain makers.
Areo is headquartered in Nevada, USA, and is owned by Samsung Electronics' investment subsidiary Samsung Next, SoftBank, a16z, and Galaxy.
With support from leading investment companies such as Luxy Digital, Aleo is attracting attention. The launch of the mainnet will further expand Aleo's growth potential in the global blockchain market.
This is expected to be an exciting and important milestone.
2024/09/20 16:58 KST
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