Aleo, the first Layer-1 (L1) for decentralized private applications, has appointed Alex Pruden to CEO role. Alex previously served as Chief Operating Officer at Aleo before assuming the CEO title from Aleo Co-Founder, Howard Wu. Mr. Wu will be shifting his role to Chief Technology Officer.
Alex Pruden worked as a Deal Partner at Andreessen Horowitz, a Blockchain Research Analyst at GGV Capital, and a US Army Green Beret before to joining Aleo. His international leadership experience and in-depth technical knowledge as a blockchain investor and analyst provide the right skill set foundation to expand Aleo into the Layer 1 required to create the next generation of private, decentralised applications.
Alex Pruden, CEO of Aleo, said:
“I’m extremely proud to lead the world-class team at Aleo. What we’ve been able to build so far is extremely exciting and brings an entirely new vision to highly-scalable blockchain technology with privacy built in from the ground up. Privacy is fundamental to a wide range of applications, and over the coming months I’m looking forward to leading this incredible and fast-growing team to finally realize the potential of blockchains.”
Commenting on the news, Howard Wu, Aleo Co-Founder and CTO, said:
“Alex is exactly the right person to lead Aleo into the future. He’s a proven expert in the space with some of the greatest leadership skills I’ve seen. Together, we’ve assembled a truly stunning team and I’m very excited for us to be bringing zero-knowledge technology to life with Aleo.”
Aleo is the leading developer platform for building fully-private, scalable, and cost-effective decentralized applications. Using zero-knowledge cryptography, Aleo moves smart contract execution off-chain to enable new use cases like identity, finance, and gaming, scaling to thousands of transactions per second.
Built on a decentralized and permissionless blockchain, Aleo brings the flexibility of Ethereum with a more scalable architecture that’s designed from the ground up for privacy.
Aleo takes Layer 1s into the future by being the first blockchain to enable totally private applications. By leveraging zero-knowledge proofs, both the content of transactions as well as their senders and receivers remain fully encrypted even as they’re verified and added to the blockchain.
According to Aleo, it is the solution for the future of the decentralized internet that enables applications to offer users the privacy they demand and deserve.
Alex takes the helm as Aleo readies for mainnet launch with its third testnet underway. This testnet sees the debut of Aleo’s proof of stake consensus and novel decentralized prover layer.
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