The power of Aleo Credits: your guide to staking, proving, and validating
Heorhii is here, and I’m excited to guide you through the world of Aleo Credits, the fuel powering the decentralized future!
Aleo Credits are the heartbeat of the Aleo Network, facilitating secure verification, data services, and compensation for service providers. Let’s explore what makes Aleo Credits a game-changer!
How it works:
- Granting access: users pay Aleo Credits to submit transactions and process them.
- Creating incentives: Provers and validators earn Aleo Credits, fostering a robust decentralized network.
- Enabling staking: Stakers contribute to network security by staking Aleo Credits with validators, earning rewards.
Features & advantages of Aleo Credits:
- Privacy-powered: Aleo Credits leverage zero-knowledge proofs for secure and private transactions.
- Incentivized ecosystem: users, prover, and validators are rewarded in Aleo Credits, ensuring active participation.
- Governance role: Credit holders can participate in decentralized governance, shaping the future of the protocol.
Diving into the details: how Aleo Credits are distributed:
- Initial distribution:
- Strategic partners (8%): building strong partnerships to fortify the Aleo ecosystem.
- Employees & contributors (15%): recognizing and rewarding those who contribute to Aleo’s growth.
- Company / Foundation (17%): allocating credits for the sustained development of the protocol.
- Public distribution (25%): ensuring a fair share for the wider community.
- Early backers (35%): rewarding those who believe in Aleo’s potential from the start.
2. Rewards over time:
- Post-launch: Provers solve puzzles, validators secure the network, earning Aleo Credits.
- Block rewards: Validators receive a constant block reward, encouraging continuous validation.
Circulating supply & inflation:
- The circulating supply grows to 2.6 billion over 10 years.
- Inflation decreases from 12% in year 1 to 2% in year 10, approaching 0%.
More info you can find here:
Earning Aleo Credits: your role in the ecosystem
- Stakers: fortify and earn
- Who are stakers? Individuals or organizations locking up credits to support network security.
- How staking works: delegate credits to validators, earn a share of inflationary rewards.
- Minimum staking requirements: start securing Aleo with just 1 credit, rewards kick in at 10 credits.
- When can you start staking? Soon after mainnet launch.
2. Provers: unleash the power of zk
- Who are provers? Specialized class ensuring Aleo’s security through SNARK proofs.
- How proving works: compete to solve Proof of Succinct Work Coinbase puzzles.
- Starting proving: utilize proving software like snarkOS and specialized hardware.
3. Validators: safeguarding the network
- Who are validators? Infrastructure providers securing Aleo through AleoBFT.
- How validating works: verify and confirm transaction blocks, earn rewards and fees.
Learn how you can earn Aleo Credits as a staker, prover, or validator:
Get Started: your journey with Aleo Credits begins
Aleo Credits offer more than just a transactional currency — they empower you to actively contribute to and benefit from the decentralized revolution. Whether you stake, prove, or validate, Aleo Credits make it rewarding at every step. Dive into the future; Aleo Credits await your participation!
Prepared by Colliseum
