In Web 2.0 (traditional Internet), websites obtain their users’ data and send it to central Internet companies.

From a technical perspective, these companies can process this data in any way they see fit, and it is difficult to prevent data leakage, despite the limitations of laws and regulations.

For most users, maintaining the privacy of personal data is a major challenge.

Although we consider personal privacy to be a major asset, existing infrastructures in cyberspace fail to ensure the safety of these assets.

Additionally, when talking about the disruptive applications of Web 3.0 and the transformations it can bring about, the main theme is that Web 3.0 can help users take full control of their private information.

Read:One of the founders of crypto projects admits that he cheated investors out of $25 million

Although blockchain technology makes data more reliable and transparent, the level of data transparency enabled by blockchain fails to meet the demand of Web 3.0 users in certain scenarios.

In the world of Web 3.0, anyone can easily access users’ sensitive information, such as transaction/transfer records and activities on the network.

Moreover, most public networks of the first layer are now suffering from a lack of privacy.

As such, the emergence of public privacy-preserving networks fully satisfies the demand for privacy protection among Web 3.0 users.

These networks provide users with privacy protection solutions that allow them to selectively hide their sensitive information through technologies such as Zero-Knowledge Proofs (ZKP) and Multiparty Secure Computing (MPC).

Currently, the privacy section is divided into four categories:

Privacy Coins, Privacy Account Networks, Privacy Trading Networks, and Private Apps.

In this article, we’ll dive into two new public networks that offer privacy-preserving trading networks:

Aleo and Aztec projects:

Due to its status as a privacy-preserving layer-one public network, Aleo can now be seen as a zero-knowledge modular platform for private applications that provides integrated solutions.

Read:The digital currency “XVG” is under attack by 51% and the project team denies it!

Aleo strives to build a modular, compliant, zero-knowledge platform for special applications, creating the ultimate toolkit for special applications.

To achieve this, the network makes use of decentralized systems and zero-knowledge encryption to protect user data on the web.

At its core, Aleo provides users and app developers with unlimited computing space and absolute privacy. With Aleo, users can access a world of personalized web services without giving up control of their own data. Apps built on Aleo can achieve ultimate privacy.

More specifically, it helps users hide interaction details such as the parties involved, the amount and smart contracts, and will not reveal information unrelated to the current transaction.

Aleo Project Team:

Aleo team members come from giant companies like Google, Amazon, and Meta.

The team also includes world-class cryptographers, engineers, and designers from renowned institutions such as UC Berkeley, New York University, and Cornell University.

Howard Wu, co-founder of Aleo, graduated from the University of California, Berkeley, with a BA in Computer Science and Mathematics.

Howard worked as a software engineer at Google after graduating with a bachelor’s degree, then returned to UC Berkeley to complete his master’s degree.

Read:UK authorities seize $9.5 million worth of Ethereum found in USB sticks

Since 2014, he has contributed to the development of cryptocurrency wallets, exchanges, ZCash and Ethereum.

In addition, Colin Chen, another member of the team, also graduated from UC Berkeley with a degree in computer science and is now heading up the development of the Leo programming language.

Besides, Aleo is backed by a strong group of institutional investors, including a16z, SoftBank, Tiger Global, etc.

Aleo ZKPs use an improved version of PoSW, which is a variant of PoW, to avoid huge useless computations in PoW.

This not only ensures proper privacy, but also solves the performance issue, which is the biggest challenge facing existing blockchain networks.

According to its test data, the TPS of the network has reached 10,000, although the actual performance is subject to testing after the main network is launched.

The first layer of Aleo basically acts as a data layer.

In addition, the off-chain transaction execution layer, the validation layer consists of validators of the first layer on the network, which is similar to ETH 2.0.

Aztec Network Project:

With the goal of keeping transactions private, Aztec Network is a scalable and programmable Layer 2 privacy-preserving protocol based on ZK-Rollup.

The network uses a solution called private pooling which is similar to ZK-Rollup to encrypt and hide users’ confidential transactions.

Aztec has two main functions:

1) Protect privacy

2) Users can provide programmable contracts through Aztec to build completely private applications.

Aztec is headquartered in London, United Kingdom.

With strong technical capabilities, Aztec’s core team has achieved many research and development results in the second layer on Ethereum.

Two of the three co-developers of Plonk, the underlying network proofing system, are now on the team.

Aztec’s CEO is Zack Williamson, who holds a PhD in neutrino physics from the University of Oxford and is a former physicist at CERN and T2K Japan.

Zack is also a co-founder of Plonk and founder of Aztec Protocol.

The Aztec team invented Plonk, a general-purpose zk-snark technology, to provide ZKP support for privacy contracts.

Users can operate Plonk Rollup’s programmable privacy protection contracts through Noir, its own programming language, and develop applications according to different privacy needs and application scenarios.

Web 3.0 asserts user identity and data ownership.

Users must have privacy on the blockchain or network, which turns privacy-preserving computation into a core requirement of Web 3.0.

Blockchains without privacy protections are exposed to many risks.

For example, in such networks, assets are less secure, transactions can be traced and also face censorship risks, making it difficult to build and develop commercial applications on the blockchain.

If public networks can guarantee privacy, achieve programmability, high performance, compatibility, and compliance, they can be widely adopted for commercial purposes.

As a kind of layer-one infrastructure, privacy-preserving public networks are a competitive player in the new public network category with broad and promising prospects.

Platform official links coinex On social networks:

The official website of the platform:

– Facebook:

https://www.facebook.com/CoinExMENA
Telegram:

Telegram news channel:

– Twitter:

Instagram:

Medium:

– Tik Tok:

– The YouTube: