What are the advantages of Aleo?
Aleo is the first platform to offer completely private applications.
Aleo achieves this by using a decentralized system and zero-knowledge cryptography to protect online user data. In essence, Aleo provides users and developers with additional unlimited computing resources, absolute privacy, and can be said to provide personalized Web3 services.
Using zero-knowledge cryptography, Aleo moves the complement of smart contracts across the network to provide a wide range of decentralized applications that are absolutely frequent and can perform up to a thousand operations per second.
Aleo has created its own programming language for officially tested zero-knowledge applications.
Web developers publish their work to the Aleo Package Manager (PM), a registry for free distribution and redistribution of commonly used code. With the help of AleoPMDevelopers, you can quickly import packages to create new web applications. A new Teams feature has also been released, allowing you to develop collaboratively. This will make it easier for developers to collaborate on complex packages like SHA256 or AES and easily publish their work for others to use.
To make it easier for developers to get started, AleoPM is integrated with AleoStudio, the first IDE for private web applications. Using AleoStudio, developers can now quickly search and import new packages for use in their applications.
Aleo's zkCloud solves one of the most difficult problems facing blockchains today: the privacy dilemma.
For example, in public blockchains, program execution occurs in a global "virtual machine" managed by each network node. This means that every node in the network has to enumerate every step of the program. It is safe to say that this is inefficient, and also reduces speed and increases costs for the end user. Privacy options are limited because this VM must have access to relevant information.
zkCloud overcomes these limitations by decoupling application execution time from blockchain maintenance state. This enables Aleo to offer full programmability and privacy thanks to zero-check enforced proofs, combined with high-throughput operations according to the on-chain VM model.
Thanks to zkCloud, individual objects interact with other objects through secure transactions. While the sophistication of programs running on zkCloud varies, the only thing that can be hacked on the Aleo network is the "shadow" cast by shielded transactions running on zkCloud. Thanks to zero-knowledge proofs, if these nodes (or other third parties) see a secure transaction sent on-chain, nothing will be revealed. In simple terms, you see this happening, but no one knows the details, for example, who transferred a certain amount to whom. If you're going to share access, you can find out.
One of the important differences between Aleo and other networks such as Ethereum is that the fees for the Aleo network are calculated prematurely. Aleo has no concept of "gas", which makes the program very expensive to run on Ethereum. Currently, everyone at Aleo knows ahead of time how many Credits Aleo needs to run the program.
Aleo's "Proof of Necessary Work" is a proof-of-work with the usual benefits of maximum non-resolving, making it impossible to always gain network power and incentivize optimal validator behavior, but without "wasting" processing power. The full power of Aleo's proof-of-work, allowing computational work to be done, is itself useful for securing blockchains.
One of the advantages of Aleo using a proof-of-work variant rather than an alternative consensus mechanism such as proof-of-stake is that, especially in the early stages of the network, the token will be more widely distributed. Governance will be decentralized from day one, and the Aleo network will continue to exist with or without the core Aleo team.
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