Aleo is a privacy-focused blockchain that enables developers to build decentralized applications (dApps) with strong privacy features using zero-knowledge proofs (zk-SNARKs). It allows users to execute computations off-chain while keeping both the data and the logic private, ensuring secure and private transactions.
Aleo uses a unique consensus mechanism called Proof-of-Succinct Work (PoSW), which combines proof generation with mining. The network prioritizes scalability, privacy, and efficiency. Its native token, Aleo credits, incentivizes participants for securing the network and generating proofs.
Aleo's network participants
These include;
Provers: generate zero-knowledge proofs (zk-SNARKs) that validate private computations and are rewarded with puzzle rewards.
Miners: create new blocks by aggregating these proofs and solving puzzles, and they earn block rewards.
Validators: verify the correctness of the proofs and blocks, ensuring the security and integrity of the Aleo blockchain.
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