Before we start talking about the ALEO project, we should take a small digression and figure out what zero-knowledge proof is.
Zero-knowledge proof in cryptography (eng. Zero-knowledge proof) is an interactive cryptographic protocol that allows one of the interacting parties (“The verifier” - verifying) to verify the validity of a statement without having any other information from the second side (“The prover” - proving). Moreover, the last condition is necessary, since it is usually trivial to prove that a party has certain information in most cases, if it has the right to simply disclose information. The whole difficulty lies in proving that one of the parties has information without disclosing its content. The protocol must take into account that the prover will be able to convince the verifier only if the statement is actually proven. Otherwise, it will be impossible to do this, or extremely unlikely due to computational complexity.
If you are already familiar with Aleo, then you know that it is the first platform to offer completely private applications. And for those who hear about the project for the first time. It must be said that Aleo was born out of a desire to achieve the impossible, namely to create an online user experience that was both truly personal and truly private.
Aleo achieves this by using decentralized systems and zero-knowledge cryptography to secure user data online.At its core, Aleo offers users and application developers unlimited computing resources with absolute privacy.
Aleo is being developed as a blockchain that is private, open source, and built for the web by default. Aleo is uniquely positioned to address the shortcomings of blockchain adoption. With Aleo, users have access to a world of truly personalized web services without relinquishing control over their personal data.
Aleo was created to change the role of decentralized systems in our society and provide new opportunities that were not previously available on the network.
Unlike today's web technologies, zero-knowledge cryptography represents a secure, interoperable, and fair foundation for the Internet. New web standards based on this technology offer users choice and mitigate the effects of data breaches.
From all of the above, we can conclude that the effect of the full functionality of the Aleo project will have an explosive effect. This is essentially a revolution in the world of technology, which will bring invaluable benefits primarily to ordinary users.
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Discord: TetianaTan#9147