What has Aleo blockchain platform achieved in 2022?

• Raised 200 million USD from many leading investment funds
• Launching Aleo Ambassador program in March 2022
• Aleo becomes a partner of Forte
• Aleo launched the Incentivized Testnet 3
• Aleo's social media platforms reach impressive numbers

Aleo is a typical privacy public blockchain using Zero-Knowledge Proofs technology – this is a type of cryptographic protocol that allows one party (Provenor) to prove to another party (Verifier). verify) that they know a certain piece of information without disclosing any information about the actual content of that information. 

In the last days of 2022, Aleo created a fever with the Incentivized Testnet program series, giving participants extremely attractive rewards. In addition, in 2022, Aleo has achieved a lot of success in fundraising, organizing campaigns to reach new users. Let's look back at the successful year of Aleo with the TraderH4 team amid the crypto winter.

Raised 200 million USD from many leading investment funds 

In early 2022, Aleo raised $200 million in a Series B funding round led by Kora Management LP and SoftBank Vision Fund 2, with participation from Tiger Global, Sea Capital, Samsung Next, Slow Ventures and Andreessen Horowitz (a16z), which lifts Aleo's valuation to $1.45 billion. 

Following the company's $28 million Series A round, led by a16z in April 2021, Aleo's Series B represents the largest funding round ever in the technology-enabled project segment. Zero-Knowledge Proofs.

Aleo has used this latest funding to develop products and services that help developers build an ecosystem on its decentralized network.

Launching Aleo Ambassador program in March 2022

The Aleo Ambassador Program is a gathering of people from around the world who are passionate about, love Aleo, and want to support the project by driving adoption, raising awareness, and strengthening its community. this platform.

This is a program with a very rigorous application process designed for community members who love Aleo. Currently, Aleo has more than 200 ambassadors contributing to its ecosystem.

Aleo becomes a partner of Forte

On March 8, Aleo and Forte, a blockchain-based gaming company, became strategic and innovative partners. This partnership marks the latest expansion of the Forte platform, leveraging Aleo's scalable architecture to explore new depths of gameplay and build a more inclusive game ecosystem. 

Forte has used Aleo's technology to mint, transfer, and trade NFTs (representing in-game items) in several in-game economies to serve a real-world use case. Have.

Aleo launched the Incentivized Testnet 3

Following the outstanding success of Incentivized Testnet 1 in 2021, Aleo has launched 2 Testnet programs in 2022 with extremely attractive rewards.

Testnet 2 was launched on December 2, 2021, lasts 10 weeks, ends in February 2022, with more than 10,000 nodes from all over the world participating in the mining blocks, helping them test Aleo Technical architecture and crypto-economic design validation. 

The reward that Testnet 2 participants receive is 15,000,000 Aleo credits (equivalent to 1.5% of the initial supply).

• 10,000,000 Aleo credits for all miners
• 5,000,000 Aleo credits for the top 100 miners

Testnet 3 was launched on August 2, 2022, with 3 phases:

Stage 1 – Developer

• Developers can start writing, deploying, and executing programs.
• The Aleo team kicks off the network with the original beacon.

Stage 2 – Proven

• Experts start solving coinbase (PoSW) puzzles to earn credits.
• Aleo team launch bug bounty program for snarkOS and snarkVM.

Stage 3 – Validator

• Validators start creating blocks and earn rewards.
• Service providers with 1 million Aleo credits will be able to become validators.
• The Aleo team will launch the network for Phase 3 with AleoBFT.

The reward that Testnet 3 participants receive is 25,000,000 Aleo credits.

Currently, Testnet 3 is in phase 2, for Prover with a reward of 30% of the total amount of 7.5 million Aleo credits. The period starts from December 2, 2022 to January 26, 2023. 

In Testnet 2, the processing speed of Aleo network is only 20 thousand Proofs per second, while Testnet 3 has only completed ⅔ of the way but has reached 1 billion Proofs per second, 50,000 times higher than Testnet 2.

Aleo's social media platforms reach impressive numbers

By the end of 2021, Aleo's Twitter and Discord social networks only reached nearly 15,000 followers. After a year, that number has increased dramatically with the social platform Discord reaching over 50,000 members, while Twitter reaches an impressive number with more than 70,000 followers.

• Outstanding Speakers at Vietnam Blockchain Summit 2022
• Istanbul Blockchain Week 2022, the expected event will be held in November in Türkiye