The Problem with Blockchains
Why most blockchains can't be used for real payments
Imagine This...
You just got paid. Your salary hits your account. Normally, that's privateβbetween you, your employer, and your bank.
But what if everyone could see it?
All visible to everyone, forever
This is how it should be
Sounds insane, right?
That's How Most Blockchains Work
Every Bitcoin transaction is public. Every Ethereum payment is visible to the world. Forever.
Anyone can view your entire financial life:
Go to any blockchain explorer (like Etherscan). Pick any wallet. You can see their entire financial life. Every transaction. Every balance. Everything.
Why this is a problem:
Privacy isn't a luxury. It's a requirement.
Enter Aleo
Aleo is different. It's a blockchain where privacy is the default.
How can a blockchain verify transactions if they're private? That's where the magic happens. Let's dive in...