What you need to know about the project?

First, let's remember what the Aleo project is.

Aleo is a project that uses ZK technology, which can provide users with many options and minimize the risk of data theft. Outstanding advantages of ZK encryption technology:

• Enhanced online security: Instead of leaking passwords, users can encrypt data and sign in to the device without sending a password. It also helps reduce the cost of access control and reduce the responsibility that web services have today.

• ZK technology is compatible with web services: today, when using web services, users are often given access to personal data, and web service providers can sell this information to third parties. This is a pretty serious unresolved issue.

• ZK technology makes web transfers fair: users need to interact with network services without disclosing information, as well as the freedom to use data.

Aleo is a separate blockchain so it also uses its own programming language called Leo.

It is a programming language inspired by Ethereum's Solidity language, which is designed to write private applications, surf the Internet smoothly, and ensure that user data is not stolen.

In addition, Leo has a lot in common with Javascript and Typescript, developers fluent in these languages will be easily accessible to Leo. The Aleo team has also launched the Aleo Package Manager (PM), similar to the Cosmos SDK, to make it easier for project developers to create DApps on Aleo.

Aleo uses the Proof of Succinct work (PoSW) consensus mechanism: as a variant of Bitcoin's SHA-based difficulty adjustment algorithm, the main difference is that the underlying calculation is not an arbitrary hash function, but a proof of knowledge. Thus, Aleo has a mining mechanism similar to BTC.

Aleo network fees can also be calculated in advance, users will know how many Aleo points (Aleo credits) are needed to run a normal dapp. Unlike Ethereum, Aleo does not use the concept of gas.

Technical goals and benefits

Zero knowledge proof technology, which is a privacy protection technology, is used in various places. In the classic example, Zcash provides users with complete privacy, but programmability is limited and smart contracts cannot be executed. Ethereum also offers powerful programmability, but with limited privacy. Aleo's goal is a proprietary programmable protocol. Such protocols prevent abuse by users, but allow you to create powerful applications on a chain and configure them among themselves. Because in the world of web3, protecting privacy is very important for users.

Aleo is the first open source decentralized platform that allows you to create both private and programmable applications. With privacy by default, Aleo allows you to create a sustainable and fair Web3 world that can meet the needs of developers, consumers, and businesses.

Aleo uses zero-knowledge cryptography for privacy and programmability. Zero-knowledge encryption and zero-knowledge proof allow third parties to verify the truth of information without having to reveal it directly. Aleo uses this as the basis for a system called ZEXE (Zero Knowledge EXEcution). In ZEXE, users perform state transitions offline. This process creates a proof and includes it in an on-chain transaction. This transaction updates the state of the system by consuming/creating records on the chain. As with Zcash, a transaction contains only proof, not the input that generated it, so this system provides a strong guarantee of confidentiality.

Aleo perspectives

Aleo uses a different algorithm than Ethereum, so Ethereum miners cannot simply run their existing machines to mine Aleo.

We still expect the graphics card to be more important for Aleo mining, but Ethereum miners will most likely have to adapt their hardware to Aleo.

We have raised funds through our recently announced Series A Venture Round. We want to be as inclusive as possible and give all members of the community access to the value we all help to create. With that said, this is a sensitive matter and we want to make sure everything we do is fair, in line with incentives, and complies with all relevant laws and regulations. We are working hard to give people the opportunity to earn Aleo Credits, so stay tuned.

A Beautiful Life with Aleo Token Ownership

A little about the benefits of owning an Aleo token. Aleo is Aleo's native blockchain token, which is used for the following purposes:

• A native token that represents value and development in the ecosystem.

• Use as a transaction fee on the network.

• Used for operations in DApp on Aleo.

• A miner reward used as a system to encourage members to contribute to the security of the network.

• Incentives accrued are similar to AWS credit for using a cloud service.

  How about profitable mining of Aleo tokens?

  By participating in mining, you can participate on more favorable terms. It appears that those who have been involved in Bitcoin and Ethereum mining from an early stage have made a lot of profits. There is a possibility that the annual profit will be 2500%. In order to participate in the mining of Aleo tokens, you need to register and participate in the Aleo mining program.

  Processor for mining Aleo

  In terms of processor, the old Intel Xeon E5 chips make sense as they are bargain-priced in used computer markets. Thus, this is a great way for miners to get access to a large number of cores (up to 18) on the cheap. In addition, Xeon E5 processors are scalable, allowing miners to create 2S configurations.

  The most popular cryptocurrencies are mainly dependent on the power of the video card, and miners often use cheap options for their mining rigs, such as Celeron or Pentium processors. So while the graphics card is still a big deal for the Aleo, the number of CPU cores seems to help somewhat.

  Chinese motherboard manufacturer Shenzhen AngXun Technology has seized the opportunity to release new LGA2011 mining motherboards for Aleo. According to the report, Shenzhen AngXun Technology has prepared three X99 motherboards. The E5-ALEO-IDC holds up to two Xeon E5 processors, 512GB of memory, and six graphics cards. X99-6PLUS-V2.0 has similar specifications but only supports up to 256GB of memory. Finally, X98-ETH-V1.0 is designed for more demanding miners. The motherboard still supports up to two Xeon E5 chips and 256GB of memory, but has a slot for eight graphics cards.

  The power of video cards during mining

Lastly

As with any other cryptocurrency, there is no guarantee that Aleo will prosper. Given all of the above, the question pops up - Could Aleo be the next Ethereum or Bitcoin? Today, this seems unlikely, given the state of the cryptocurrency market, time will tell.

You need to understand that Aleo has every chance to become your opportunity for a beautiful life. It has many advantages over other projects, and most importantly, the team does not stand still and pleases its community with good news :)

Posted by Kristos#6419 (Discord) Twitter