Binance Labs, the investment and incubation branch of Binance, has recently disclosed its support for Zircuit, a Layer 2 network that employs zero-knowledge rollup technology coupled with AI-driven sequencer-level security.
The investment has been made in Zircuit, a cutting-edge blockchain platform that aims to bolster on-chain security. By utilizing sequencer-level security and AI-powered systems, Zircuit strives to safeguard smart contracts and thwart malicious activities effectively. Through its unique hybrid architecture that integrates a reliable rollup structure with zero-knowledge proof, Zircuit offers a swift, cost-effective ZK rollup that seamlessly aligns with EVM standards.
This innovative approach prioritizes user security without compromising on speed or compatibility. Zircuit’s efficient operation involves circuit disaggregation and proof accumulation, resulting in enhanced performance and efficiency.
Yi He, the Co-Founder of Binance and Head of Binance Labs, has expressed optimism towards Zircuit, emphasizing the importance of investing in projects that advance Web3 and blockchain technology. She highlighted the significance of sequencer-level security in enhancing L2 security at Zircuit and looks forward to the lab’s continued growth and expansion.
Zircuit is gearing up to launch its mainnet in the upcoming summer, having already secured over $3.5 billion in staked assets. The “Build to Earn” initiative has attracted over 1,100 applications, with launch partners including Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, and LayerZero.
Dr. Martin Derka, Co-Founder of Zircuit, expressed his delight in partnering with Binance Labs, citing the platform’s foundation in cutting-edge scaling and security research aimed at fortifying Ethereum for a broader audience.
Binance Labs’ funding of Zircuit signals a vote of confidence in the project’s potential to enhance blockchain reliability and efficiency. With the impending mainnet launch and ongoing development, Zircuit is poised to emerge as a key player in the industry. Investors and blockchain enthusiasts alike are closely following Zircuit’s progress, anticipating how its innovations will influence the evolution of Ethereum and other similar platforms.