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George City, Grand Cayman, June eleventh, 2024, Chainwire
Binance Labs, the enterprise capital and incubation arm of Binance, has invested in Zircuit, a zero-knowledge rollup with AI-enabled sequencer-level safety.
Zircuit is a brand new Layer 2 (L2) community that introduces a novel strategy to on-chain safety. The community safeguards customers with sequencer-level safety and built-in, automated AI mechanisms that guard in opposition to good contract exploits and malicious actors. The community’s hybrid structure, which mixes battle-tested rollup infrastructure with zero-knowledge proofs, leads to a quick, low-cost, and absolutely EVM-compatible ZK rollup to offer unparalleled safety for customers with out sacrificing pace or compatibility. Extra particularly, Zircuit’s efficiency comes from decomposing circuits into specialised components and aggregating proofs, which achieves higher effectivity and decrease working prices.
Yi He, Co-Founding father of Binance and Head of Binance Labs mentioned: “At Binance Labs, we assist initiatives which are innovating in Web3 and accelerating the blockchain trade. By way of its integration of sequencer stage safety, Zircuit is offering a safer L2 resolution and we sit up for watching it develop and develop additional.”
As Zircuit prepares to debut its mainnet this summer season, its ecosystem is already demonstrating spectacular development. The community presently hosts over $3.5 billion in staked belongings and its “Construct to Earn” program has drawn greater than 1,100 functions. Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero, and others are amongst its launch companions.
“Zircuit was born out of cutting-edge scaling and safety analysis. We’re innovating on high of a deep technical basis, and making Ethereum safer for the following billion customers. We’re thrilled to have Binance Labs be part of us on this journey”, mentioned Dr. Martin Derka, Co-Founding father of Zircuit.
About Zircuit
Zircuit is a ZK rollup with AI-enabled sequencer-level safety and parallelized circuits. Constructed by a group of web3 safety veterans and PhDs in laptop science, algorithms, and cryptography, Zircuit’s distinctive structure combines one of the best of each worlds of efficiency and safety. To study extra go to zircuit.com or observe us on Twitter/X @ZircuitL2
About Binance Labs
Because the enterprise capital arm and accelerator of Binance, Binance Labs has now grown to be value over $10 billion. Its portfolio covers 250 initiatives from over 25 nations throughout six continents and has a return on funding price of over 14X. Fifty of Binance Labs’ portfolio firms are initiatives which have gone by way of our incubation applications. For extra data, observe Binance Labs on X.
Contact
Jessica Graber
Zircuit
[email protected]