After being listed at the largest US cryptocurrency exchange based on trading volume, the native token for a zero-knowledge-layer-1 blockchain that focuses on privacy is on the upswing.
Coinbase has listed Aleo in the last 24 hours.ALEOUnder the Experimental label.
“Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”
This label is used to indicate a new, high-volatility cryptocurrency. The trading volume of these assets is usually lower than that of more established cryptos.
As per its websiteAleo’s protocol prioritises privacy and scalability, relying on zero-knowledge to ensure privacy. With zero-knowledgeproofs, one party can prove (to another) that they possess a value while not revealing the value. Aleo claims that its network employs zero-knowledgeproofs to enable users to demonstrate that they possess the funds necessary to complete a particular transaction, without disclosing any specific details.
A tweet from the network revealed that it would be relocating to a new location. partnering Coinbase is also available in many other forms.
“We’re excited to announce that Aleo has selected Coinbase to support custody and several exciting programs across Learn Rewards, Quests, and Staking.”
Alex Pruden CEO at Aleo.
“We chose Coinbase because of their unmatched experience and robust infrastructure. Their integrated product offerings are exactly what we need to support the successful launch and long-term growth of the Aleo Network.”
Aleo currently trades for $3.39, an increase of about 6% since its launch less that 24 hours earlier.
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