Thread by @AleoHQ

Many next-generation L1s focus on scalability. But are they missing the point? In fact, scalability is only half the story. Privacy is also essential for a real economy. Using #zeroknowledge proofs, @AleoHQ is the only next-gen L1 that guarantees *both* privacy and scale

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Why even focus on privacy? The reality is, the entire financial system today is private b/n interacting parties. By sending someone a bank wire, you don't see their account balance. Signing a contract doesn't mean you learn about other contracts your counter-party also signed

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Using #zeroknowledge proofs, @AleoHQ enables a paradigm of privacy-by-default. But the developer and/or user of an app can decide what they share w/ who and when. Not only does this protect consumers, it enables compliance to be built right into the logic of the application.

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For example, a regulated stablecoin could be issued on @AleoHQ that works just like cash, but the issuing authority could ensure that no one can interact w/ a sanctioning party and that appropriate compliance measures are followed.

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Ignoring user privacy on #Web3 platforms is anti-consumer, because consumers can suffer very real harm when they lose control of their data. It's bad enough in Web 2, but the persistent nature of data on blockchains makes the problem much worse.

https://twitter.com/sthenc/status/1579242063924977664?s=20&t=Up4r8aE58hUu0i4x22gkrA

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Come check out @AleoHQ and learn about the next-generation protocol that will power the next generation web:

Write an application: leo-lang.org
Run a client on Testnet 3: github.com/AleoHQ/snarkOS
Join us on Discord: aleo.org/discord

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