George City, Grand Cayman, June 11, 2024, Chainwire
Binance Labs, the enterprise capital and incubation arm of Binance, has invested in Zircuit, a man-made intelligence sequencer-level zero-knowledge aggregation.
Zircuit is a brand new Layer 2 (L2) community that represents a brand new strategy to chain safety. The community protects customers with sequencer-level safety and built-in, automated synthetic intelligence mechanisms that shield in opposition to sensible contract abuse and malicious actors. The community's hybrid structure, which mixes a battle-tested stacking infrastructure with zero-knowledge proofs, leads to a quick, low-cost, and absolutely EVM-compliant ZK rollup that gives customers with unmatched safety with out sacrificing velocity or compatibility. Extra particularly, Zircuit's efficiency comes from decomposing circuits into specialised elements and aggregating proof, leading to increased effectivity and decrease working prices.
Yi He, Co-Founding father of Binance and Head of Binance Labs mentioned: “At Binance Labs, we assist initiatives that innovate in Web3 and speed up the blockchain business. By integrating safety on the sequencer degree, Zircuit gives a safer L2 answer, and we stay up for its continued progress and improvement.”
As Zircuit prepares to launch its mainnet this summer time, its ecosystem is already displaying spectacular progress. The community presently hosts greater than $3.5 billion in staked property, and its “Construct to Earn” program has acquired greater than 1,100 functions. Athena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero and others are amongst its launch companions.
“Zircuit was born from cutting-edge scaling and safety analysis. We're innovating on prime of a deep technical basis, rising safety for the subsequent billion customers. We’re excited to have Binance Labs be part of us on this journey.” mentioned Dr. Martin Derka, co-founder of Zircuit.
About Circuit
Zircuit is a ZK rollup with sequencer degree safety with AI assist and parallel circuits. Created by a staff of skilled 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 be taught extra, go to zircuit.com or comply with us on Twitter/X @ZircuitL2
About Binance Labs
Binance Labs, the enterprise capital arm and accelerator of Binance, has now grown to a worth of 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. Fifty of the Binance Labs portfolio corporations are initiatives which have handed by our incubation packages. For extra info, comply with Binance Labs on X.
ContactJessica GraberCircuitjessica@circuit.com
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