This article sorts out the key ecological projects of Aztec Network
Original title: "a16z leads investment and financing of 100 million US dollars in privacy L2 Aztec ecological inventory"
Original Author: Maverick
Original editor: Colin Wu
Aztec is a zero-knowledge Rollup built with a privacy-first architecture, allowing users to access the applications that Layer 1 wants to use while fully protecting privacy. Its product system is based on the underlying PLONK proof system, enabling anonymous transactions between accounts, and The private interaction with DeFi projects is realized through the grafting of gateway contracts. Aztec also recently launched the programming language Noir, making it easier and more convenient for developers to build applications with zero-knowledge proofs on Ethereum.
Aztec is a zero-knowledge Rollup built with a privacy-first architecture, allowing users to access the applications that Layer 1 wants to use while fully protecting privacy. Its product system is based on the underlying PLONK proof system, enabling anonymous transactions between accounts, and The private interaction with DeFi projects is realized through the grafting of gateway contracts. Aztec also recently launched the programming language Noir, making it easier and more convenient for developers to build applications with zero-knowledge proofs on Ethereum.
According to DeFi Llama data, the current TVL of Azetc is about 11 million US dollars. At present, Aztec has no plan to issue Token in the near future, but it is also considered to be a high-value airdrop similar to Arbitrum and ZkSync, which is expected to be released. However, the third-party compliance tools of FTX and other exchanges have previously frozen accounts transferred from privacy agreements such as Aztec, and users should pay attention to relevant security when interacting.
This article will introduce the key projects of Aztec ecology.
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Zk.money
Zk.Money is the first application of Aztec Network, released in March 2021. The old version of Zk.money can only realize simple transfer payment, so that the funds in it can be sent to another Aztec account completely privately or withdraw to Layer 1, but only supports a small amount of assets such as ETH, DAI and renBTC, and 5 ETH at a time Or a transaction limit of 10,000 DAI. The user sends zkETH or DAI to the username (@name) on Zk.money, and the recipient will get zkETH or DAI; while sending zkETH or DAI to any Ethereum address other than Zk.money, the wallet will receive regular ETH or DAI. Zk.money officially claims to have more than 75,000 registered users since its launch, more than 225,000 transactions and a total transaction of $80 million, while being 96% cheaper than existing privacy transfer protocols.
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ZKPay
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Trelis
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Nucleo
In November of this year, Nucleo completed a $4 million seed round led by Bain Capital and 6th Man Ventures. Nucleo is a private multi-signature infrastructure that provides organizations with the ability to conduct private transactions, private DeFi, private funding, etc. Public transparency is beneficial, but it also has the potential to expose individuals and organizations to legal, strategic and operational vulnerabilities in many areas, which Nucleo is committed to address. With Nucleo, individuals, communities, and organizations can enjoy privacy while remaining audit-friendly. In addition to working with Aztec, Nucleo also cooperates with Aleo, Espresso. At present, Nucleo only introduces the multi-signature function, and in the future, functions such as DeFi, Fundraise, and private cross-chain transactions will be launched one after another. Nucleo is currently in beta, and users who want to join the test need to join the waiting list.
Like most privacy tracks, the Aztec ecosystem is still in its infancy, with few native projects. Currently, it mainly integrates the DeFi protocol of the main network. Its goal is to realize the private interaction with all protocols and smart contracts of the main network.
