What is Aleo Coin?
Aleo is an American blockchain-based platform company based in Nevada.
One of the reasons why the Aleo project has recently attracted great attention is that there have been investments from many large investors, including Japan’s ‘soft bank.’
TestNet 3 is currently in progress and will be released later this year. So what can we notice about Aleo? Aleo’s important keywords can be divided into three main categories.
1. Establishing a privacy app platform
2. Zero Knowledge
3. PoSW (Proof of Succinct Work)
1. Establishing a privacy app platform
One important thing that is absolutely required in the modern information age is ‘personal information’.
It is essential to provide “personal information” in the Internet or smartphone apps that are indispensable in modern society.
However, there are many risk factors as personal information is required in various ways. If I enter my personal information on the platform I use, the personal information will remain forever. Later, I may not remember myself as a provider, and sometimes I experience various accidents, including leakage accidents.
To solve this problem, Aleo is building a private app platform that doesn’t know who they are and doesn’t know who they are. It is through Zero Knowledge.
2. Zero Knowledge
Zero Knowledge is the core technology of Aleo. When a situation requires personal information or identification card, the proof of knowledge is a method of increasing the probability through various problems without identification and proving oneself.
This proof of knowledge is not a public transaction proof method of the blockchain, so anonymity is completely guaranteed and transactions can be made.
3. PoSW (Proof of Succinct Work)
The last keyword is PoSW. PoSW is Aleo’s own coin mining method. There are two main methods of coin mining: PoW (Proof of Work) and POS (Proof of Stake). However, Aleo’s PoW method is PoW’s method, but it has the advantage of mining by utilizing only the simple and necessary parts, thereby solving the energy usage problem, which is a disadvantage of the PoW method.
TENET DS, an affiliate that cooperates with the Tokencan in various technologies, will participate in the Aleo project in earnest this time.
TENET DS is a company that studies and provides services for the next generation of data storage technologies for new Internet environments. It is also curious why ‘TENET DS’ which has studied various technologies for distributed storage services by spurring research and investment for real data storage from the past, paid attention to the Aleo project.
The reason why TENET DS, which boasts the best distributed data technology, paid attention to Aleo is that Aleo’s extraordinary technology is the main. However, large investment companies that have invested in the Aleo project are also indispensable.
The following are the investment companies that have invested in the Aleo project.
1. A16Z
2. Soft Bank
3. Coin Base
4. Samsung NEXT
1. A16Z (Andreessen Horowitz)
Andreessen Horowitz is an American company specializing in IT venture investment. Co-founded by Marc Andreessen and Ben Horowitz, Andrewson, a former programmer who developed a mosaic web browser when he was an Illinois college student, has invested in Facebook, Twitter, Instagram, Airbnb, Skype, Jingheub, and numerous other ventures. It was also evaluated as the №1 venture capital company in the United States in 2011.
2. SOFT BANK
Softbank Group is Japan’s largest IT company and a global investment company. On April 1, 2015, the three Softbank telecommunications companies (Softbank Mobile, Softbank Platform, and Y! Mobile) were merged, and the surviving corporation was decided as Softbank Mobile. The founder, CEO, and largest shareholder of the Tokyo Stock Exchange are Masayoshi Son, a Korean-Japanese.
Key affiliates include Softbank Corporation, Japan’s third-largest mobile carrier, SBC&S (distribution, commerce), and Z Holdings (Internet service). In addition, a $100 billion corporate investment fund called Vision Fund was operated with joint investments from Saudi Arabia’s sovereign wealth fund, Apple, and Qualcomm, and invested in promising companies around the world such as Uber, Nvidia, Alibaba, Cyberzen, and WeWork. In addition, Japan’s professional baseball team, “Softbank Hawks,” is also in operation.
In Korea, it operates Softbank Ventures as a subsidiary and is famous for investing a large amount of money in Coupang, an e-commerce company.
3. SAMSUNG NEXT
Samsung Next is a subsidiary of Samsung Group and is famous as a blockchain investment company. Samsung Next is expanding its investment by evaluating that blockchain and cryptocurrency have high future value.
Examples of places Samsung Next has invested include Alchemy (developer platform), Zengo (blockchain wallet), HYPR (biometrics encryption), Phase (non-replaceable token), and Metrica (monitoring platform).
Samsung NEXT recently attracted $200 million worth of investment in the Alleo Series B round.
4. Coinbase
Coinbase is the largest exchange in the United States. Coinbase is an end-to-end investment company, and currently Coinbase has 43 million users, 7,000 institutions, and 115,500 ecosystem partners in about 100 countries.
The Aleo project, which possesses such extraordinary technology and invests in huge investors, is expected to advance. In addition, attention is being paid to what role TENET DS, which is most technically cooperating with Tokencan Exchange, will play in this project.
Learn more about the Aleo project:
Aleo Official Website:
TENET DS Official Blog(Naver):
