George City, Grand Cayman, June 11, 2024, Chainwire
Binance Labs, the enterprise capital and incubation arm of Binance, has invested in Zircuit, a synthetic 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 good 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 totally EVM-compliant ZK rollup that gives customers with unmatched safety with out sacrificing pace or compatibility. Extra particularly, Zircuit's efficiency comes from decomposing circuits into specialised elements and aggregating proof, leading to larger effectivity and decrease working prices.
Yi He, Co-Founding father of Binance and Head of Binance Labs stated: “At Binance Labs, we help tasks that innovate in Web3 and speed up the blockchain trade. By integrating safety on the sequencer degree, Zircuit offers a safer L2 answer and we sit up for its continued progress and improvement.”
As Zircuit prepares to launch its mainnet this summer season, its ecosystem is already displaying spectacular progress. The community at the moment hosts greater than $3.5 billion in staked belongings, and its “Construct to Earn” program has acquired greater than 1,100 purposes. 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 high of a deep technical basis and making Ethereum safer for the subsequent billion customers. We’re excited to have Binance Labs be part of us on this journey.” stated Dr. Martin Derka, co-founder of Zircuit.
About Circuit
Zircuit is a ZK rollup with sequencer degree safety with AI help and parallel circuits. Created by a workforce of skilled web3 safety veterans and PhDs in pc science, algorithms and cryptography, Zircuit's distinctive structure combines the perfect of each worlds of efficiency and safety. To study extra, go to zircuit.com or observe us on Twitter/X @CircuitL2
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 tasks from greater than 25 international locations on six continents and has a return on funding of greater than 14 occasions. Fifty of the Binance Labs portfolio firms are tasks which have handed via our incubation applications. For extra data, observe Binance Labs at X.
Contact
Jessica Graber
Circuit
(electronic mail protected)
