Georgetown, Grand Cayman, June 11, 2024, Chainwire
Binance Labs, the enterprise and incubation arm of Binance, has invested in Zircuit, a zero-knowledge aggregator with AI-enabled sequencer-level safety.
Zircuit is a brand new Layer 2 (L2) community that introduces a brand new strategy to on-chain safety. The community protects customers with sequencer-level safety and built-in automated AI mechanisms that defend towards using good contracts and attackers. A hybrid community structure that mixes a battle-tested packet digest infrastructure with zero-knowledge proofs ends in a quick, low-cost, and totally EVM-compatible ZK packet digest that gives unprecedented safety for customers with out compromising velocity or compatibility. Particularly, Zircuit’s efficiency is pushed by decomposing circuits into specialised elements and aggregating proof, which achieves higher effectivity and decrease working prices.
Yi He, co-founder of Binance and head of Binance Labs, stated: “At Binance Labs, we assist initiatives that innovate the Web3 and speed up the blockchain trade. By integrating the sequencer’s safety layer, Zircuit supplies a safer L2 answer, and we look ahead to its continued progress and growth.”
As Zircuit prepares to debut on the mainnet this summer time, its ecosystem is already displaying spectacular progress. The community at present has greater than $3.5 billion in invested belongings and its Construct to Earn program has attracted greater than 1,100 functions. Launch companions embody Athena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero and extra.
“Zircuit was born from cutting-edge analysis in scalability and safety. We’re innovating from a deep technical basis and making Ethereum safer for the following billion customers. We’re very excited to have Binance Labs be a part of us on this journey.” stated Dr. Martin Derka, co-founder of Zircuit.
About Circuit
Zircuit is a condensed model of ZK with sequencer degree safety with AI assist and parallelized circuits. Created by a workforce of web3 safety veterans and PhDs in pc science, algorithms and cryptography, Zircuit’s distinctive structure combines the most effective of each worlds of efficiency and safety. To study extra, go to zircuit.com or comply with us on Twitter/X @CircuitL2
About Binance Labs
Because the enterprise capital arm and accelerator of Binance, Binance Labs has now grown to over $10 billion. Its portfolio covers 250 initiatives from greater than 25 nations on six continents and has a return on funding of greater than 14 occasions. Binance Labs’ fifty portfolio firms are initiatives which have handed by way of our incubation packages. For extra info, comply with Binance Labs on X.
Contact
Jessica Graber
Circuit
[email protected]