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 towards sensible 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 totally EVM-compatible ZK rollup to offer unparalleled safety for customers with out sacrificing velocity or compatibility. Extra particularly, Zircuit’s efficiency comes from decomposing circuits into specialised elements and aggregating proofs, which achieves better effectivity and decrease working prices.
Yi He, Co-Founding father of Binance and Head of Binance Labs mentioned: “At Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry. Through its integration of sequencer level security, Zircuit is providing a more secure L2 solution and we look forward to watching it grow and develop further.”
As Zircuit prepares to debut its mainnet this summer time, its ecosystem is already demonstrating spectacular progress. The community presently hosts over $3.5 billion in staked belongings and its “Build 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 security research. We’re innovating on top of a deep technical foundation, and making Ethereum safer for the next billion users. We’re thrilled to have Binance Labs join us in 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 workforce of web3 safety veterans and PhDs in laptop science, algorithms, and cryptography, Zircuit’s distinctive structure combines the very 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 price over $10 billion. Its portfolio covers 250 initiatives from over 25 international locations throughout six continents and has a return on funding fee of over 14X. Fifty of Binance Labs’ portfolio corporations are initiatives which have gone via our incubation packages. For extra info, observe Binance Labs on X.
Contact
Jessica Graber
Zircuit
[email protected]