• Ticker: ALEO
• Network: Layer-1, Aleo
• Category: Privacy, Zero-Knowledge, Infrastructure

About ALEO

Aleo is a Layer-1 blockchain designed to make the internet and decentralized applications private by default. It achieves this by integrating zero-knowledge proofs (ZKPs), which allows participants to verify information without revealing the underlying data. The ALEO token is the network's fuel and security bond: it’s used to pay transaction fees and can be staked with validators to earn rewards while helping secure the network.

Key points

• Privacy by Default: Unlike most public blockchains, Aleo’s architecture is built so that application data and transaction inputs are private unless you choose to reveal them.
• Zero-Knowledge Programmability: Aleo uses its own programming language, Leo, to allow developers to build any private decentralized application, from gaming to identity solutions, all while maintaining user confidentiality.
• Incentive Mechanism: The network features a dual system of Provers (who generate the zero-knowledge proofs and earn ALEO rewards) and Validators (who verify transactions and secure the network by staking ALEO).
• Future Governance: Post-mainnet launch, ALEO holders will be able to participate in decentralized governance, voting on upgrades and changes to the protocol.

FAQs

• What is ALEO used for?

ALEO is the network's fuel and security bond. You use it to pay transaction fees when submitting requests to the network, which compensates Provers and Validators for their work. Additionally, you can stake ALEO with a Validator to earn rewards and contribute directly to the network's security.

• How does ALEO work?

The token powers a unique consensus mechanism called AleoBFT. This system separates the work into two specialized roles:

1. Provers solve complex computational puzzles to generate the zero-knowledge proofs, earning ALEO.
2. Validators verify these proofs, add new blocks, and secure the network by staking ALEO, earning block rewards and fees.

This separation ensures both scalability (off-chain execution) and privacy (ZKPs).

• How can I buy ALEO on Bitso?

1. Log in to your Bitso account or sign up if you don’t have one.
2. Go to “Buy/Sell” and select any available fiat currency (MXN, ARS, BRL, COP, or USD) as your base.
3. Choose ALEO as the token you want to purchase.
4. Enter the amount, review the details, and confirm your transaction.

You can track the token’s performance directly in the app.

Tokenomics

The ALEO tokenomics model is built on an incentive structure similar to Bitcoin's, with new tokens being algorithmically issued to reward network participants over time. The total circulating supply is designed to grow gradually, reaching approximately 2.6 billion after 10 years. The inflation rate is also designed to decrease significantly over the first decade to promote economic stability.

Example use case

Imagine you are a global corporation using Aleo for payroll. Instead of broadcasting every employee's salary and private data on a public ledger, you can use an Aleo application to compute and verify all the payments privately. You pay the transaction fee using $ALEO, and the system generates a zero-knowledge proof that confirms all payments were processed correctly, without revealing any sensitive financial details to the public.

Disclaimer

This Help Center article is for informational purposes only and does not constitute investment advice. Please conduct your own research (DYOR) and assess your risk tolerance before trading. As always, invest responsibly and stay informed.