Aleo ALEOPrice $ 0.119

Aleo is a Layer-1 blockchain that uses zero-knowledge proofs to enable private transactions and smart contract execution by default, allowing users to verify computations without revealing underlying data such as amounts or addresses.

It processes off-chain computations where users generate proofs locally, which validators confirm on-chain through a dual consensus mechanism combining Proof-of-Succinct-Work for proof verification and AleoBFT for transaction validation, achieving high throughput of thousands of transactions per second while maintaining scalability and low costs.

The native token ALEO powers network operations, network security (Staking) and incentives.