Layer-1 Zero-Knowledge Platform Leaps After Sudden Surprise Coinbase Listing

The Daily Hodl
2024.09.19 22:35
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The native token of Aleo, a privacy-focused zero-knowledge layer-1 blockchain, surged after its listing on Coinbase, a leading US crypto exchange. The token, labeled as experimental, is designed for high volatility and has seen a 6% increase in value, trading at $0.39. Aleo's protocol emphasizes privacy and scalability through zero-knowledge proofs, allowing users to verify transactions without disclosing specific details. The network also announced future partnerships with Coinbase, as stated by CEO Alex Pruden.