Aleo, a privacy-minded blockchain network, has raised $200 million...

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Aleo, a privacy-minded blockchain network, has raised $200 million in preparation for its mainnet launch later this year.

Aleo’s Series B funding round was led by Kora Management and SoftBank Vision Fund 2. Other participants include Tiger Global, Sea Capital, Slow Ventures, Samsung Next and Andreessen Horowitz, a16z .

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Unlike other blockchains like Ethereum, Aleo transactions are processed off-chain and only verified by the network nodes. The setup allows the platform to support high transaction volumes and empower developers to create decentralized applications, or dApps, that address complex use cases.

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Privacy-minded Blockchain Aleo Raises $200M Prior to Mainnet Launch - Blockworks

blockworks.co

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IDEAS CURATED BY

Decebal Dobrica

@decebaldobrica

#engineering, #machinelearning and #crypto

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