30 min
End to End Developer Platform with Alex Pruden The DIVI Crypto Podcast
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- Business
Today on the DIVI Crypto Podcast, we are talking with Alex Pruden from Aleo. Aleo Modular and compliant. The ultimate toolkit for building private applications is finally here; Zero-Knowledge is finally here.
Aleo is an end to end developer platform and tool kit for building and deploying private applications that users can interact with. The whole thing is powered by zero-knowledge cryptography, allowing you to prove something is true, without revealing why.
At the bottom stack of Aleo is the blockchain, “Snark OS,” or Synced Non-interactive Augmented Knowledge, the Zero Knowledge Proof. The purpose of the blockchain is to persist records to represent the state of a program at any given time, and to host transactions that are verified by miners. With Zero Knowledge Proofs, miners only have to verify the correctness of the transactions. This also helps to manage consensus for the system.
The next layer is Snark, where transactions happen inside of Zero Knowledge Proof. This layer is followed by LEO, that switches smart contract language for writing high-level application logic. This bridges the gap between cryptograpy and the layman user. This allows other programming languages to be used to interact with the Zero Knowledge Proof.
The last stack is the front end interface, the wallet, the explorer, and the studio to write Leo applications. This allows one to write a package which can then be added to a registry for others.
The first benefit of this is privacy. A practical application of this is the issue of the various decentralized exchanges known as front-running. All transactions are public in the ledger, and each miner can look at it before it is added to a block. Miner Extractable Value is where a miner can see a transaction, and if there is value in a user’s transaction, the miner can take it for themselves. The miner can copy your transaction, take it for themselves, and thus, take your profit.
With Aleo and Zero Knowledge Proof, miners have no way to extract the information, as miners look at each transaction as being valid, without knowing the contents of the transaction.
If you would like to know more, visit: https://www.aleo.org
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Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.
Today on the DIVI Crypto Podcast, we are talking with Alex Pruden from Aleo. Aleo Modular and compliant. The ultimate toolkit for building private applications is finally here; Zero-Knowledge is finally here.
Aleo is an end to end developer platform and tool kit for building and deploying private applications that users can interact with. The whole thing is powered by zero-knowledge cryptography, allowing you to prove something is true, without revealing why.
At the bottom stack of Aleo is the blockchain, “Snark OS,” or Synced Non-interactive Augmented Knowledge, the Zero Knowledge Proof. The purpose of the blockchain is to persist records to represent the state of a program at any given time, and to host transactions that are verified by miners. With Zero Knowledge Proofs, miners only have to verify the correctness of the transactions. This also helps to manage consensus for the system.
The next layer is Snark, where transactions happen inside of Zero Knowledge Proof. This layer is followed by LEO, that switches smart contract language for writing high-level application logic. This bridges the gap between cryptograpy and the layman user. This allows other programming languages to be used to interact with the Zero Knowledge Proof.
The last stack is the front end interface, the wallet, the explorer, and the studio to write Leo applications. This allows one to write a package which can then be added to a registry for others.
The first benefit of this is privacy. A practical application of this is the issue of the various decentralized exchanges known as front-running. All transactions are public in the ledger, and each miner can look at it before it is added to a block. Miner Extractable Value is where a miner can see a transaction, and if there is value in a user’s transaction, the miner can take it for themselves. The miner can copy your transaction, take it for themselves, and thus, take your profit.
With Aleo and Zero Knowledge Proof, miners have no way to extract the information, as miners look at each transaction as being valid, without knowing the contents of the transaction.
If you would like to know more, visit: https://www.aleo.org
--
Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.
30 min