Get Started in Aleo
To help you better understand how to use our product, we will first walk you through some basic Aleo usage guidelines to lead you into the Aleo ecosystem.
In this section, we will provide detailed information about the features of Aleo, basic usage guidelines, and the differences between Aleo and other blockchains. This will help you understand the Aleo on-chain ecosystem and better interact with our product.
Please follow the guidelines to set up and trade in AlphaSwap. If you have already understood the features and basic usage of Aleo, you can skip this section and proceed directly to learn how to use the AlphaSwap product.
This section is divided into the following parts:
Public and Private Trade: As a privacy-oriented public blockchain, Aleo supports both public and private transactions.
Wallet Usage: On the Aleo public blockchain, learn how to select, configure, and use wallets to perform operations.
Public、Private Trade
Aleo is a privacy-focused, zero-knowledge proof-based Layer 1 blockchain. The most important aspect is that Aleo provides privacy for users and applications. Zero-knowledge proofs are the core cryptographic function of the protocol, which protects user information and transaction history. With a standard non-encrypted public blockchain, all the transaction history is fully visible to the public, but with the built-in cryptographic proof called ZK-SNARK, Aleo allows for hidden but verifiable activity and truly private transactions.
Therefore, the biggest difference in usage compared to other public blockchains is that Aleo supports privacy mode. Aleo's tokens are divided into two models: Public Tokens follow the Ethereum-style account system, while Private Tokens follow the UTXO model.
For Public Tokens, the transaction attributes are consistent with Ethereum, meaning that the detailed information of public transactions can be queried on the chain, and all public transactions are public.
Private Tokens use the UTXO model, where all transaction information is not queryable on the chain, meaning that no one knows the token type, token amount, or transaction recipient of your transactions, fully protecting your privacy.
AlphaSwap primarily supports public transactions to ensure a good user experience. We are also actively developing the Private mode, and currently support the Private Swap functionality, with more features to support private transactions in the future.
Wallet
To start using AlphaSwap, the first thing you need to do is set up a wallet that supports Aleo. Wallets can be used on both computers and mobile phones. Mobile wallets and desktop-based wallets have different advantages and disadvantages, you can choose the wallet that best suits your needs.
Protect the security of your wallet:
Only download and install the latest version from Official Links.
Securely back up your recovery phrase. Never share your recovery phrase with anyone under any circumstances.
Do not add your seed phrase to websites or applications outside of the wallet app.
Wallet to Select
After installing your preferred wallet, you can create an Aleo account to store and transact your assets. Once you've created your account, please securely store your mnemonic phrase and private key. If you already have an Aleo account, you can import the account by entering your private key into the wallet.
Get ARC20 Tokens
The native token on Aleo is called ARC20. To complete most operations on Aleo, you need to pay gas fees in ALEO. You can convert tokens to ARC20 in two ways, and we recommend the following:
Via the Aleo on-chain bridge, transfer your ARC20 assets to your Aleo chain wallet.
Purchase ARC20 tokens through a centralized exchange and withdraw them into your wallet.
After your tokens have been transferred to your wallet, you can first wrap them using the AlphaSwap wrap function, and then use the Trade function to freely convert the ARC20 tokens.
Convert Tokens between Public and Private in the Wallet
You can use your wallet to convert tokens between Public and Private to protect your privacy. Using the Leo Wallet as an example:
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