Startup Aleo Wants to Help You Use the Internet Without Sacrificing Data Privacy
Aleo co-founder Howard Wu says a better data privacy model for both companies and consumers can be built using zero-knowledge proofs.
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Aleo will use the funds to support developers in building applications within its private and scalable platform. Zero-knowledge applications platform Aleo has raised $200 million in a solid investment round, pushing the company forward and supporting its goals to develop products and services that encourage and assist developers in building applications on top of its decentralized network.The Series B investment round was led by Kora Management LP and SoftBank Vision Fund 2, which invest in fintech projects within emerging digital economies. Samsung Ventures also participated in the raise....
If there is anything the internet loves these days, it’s privacy. From the boom in VPN use to anonymous accounts and encrypted websites, maintaining privacy is certainly appealing to the average internet user. This interest in privacy has also coincided with the rise in blockchain technology, a concept that thrives on the idea of privacy. […]
Sacrificing individuals is and always will be an immoral choice. If you want a better society, responsibility is probably a good place to start.
Several other high-profile investors contributed to the raise, including Coinbase Ventures and Galaxy Digital. Aleo, a privacy-focused blockchain, has secured $28 million in investments to bring its zero-knowledge applications to a wider market.California-based venture capital firm Andreessen Horowitz led the private investment round. Notable contributions also came from Coinbase Ventures, Galaxy Digital, Variant Fund, Polychain Capital and the Joseph Lubin-led Ethereal Ventures, among others. Described as the “first platform for fully private applications,” Aleo uses a cryptography....
Today is International Data Privacy Day — a day focused on raising awareness around data privacy best practices. Data privacy is an important aspect of Bitcoin and some other altcoins, and as such, we’re celebrating Data Privacy day with a list of best practices for crypto users. Cypherpunks: Remembering Satoshi, Finney, And The Fight For […]