George City, Grand Cayman, June 11, 2024, Chainwire
Binance LabsThe enterprise capital and incubation arm of Binance has invested in ZircuitA zero-knowledge rollup with AI-enabled sequencer-level safety.
Zirkuit is a brand new Layer 2 (L2) community that introduces a brand new strategy to on-chain safety. The community protects customers with sequencer-level safety and built-in, automated AI mechanisms that defend towards sensible contract exploits and malicious actors. The community’s hybrid structure, which mixes battle-tested rollup infrastructure with zero-knowledge proofs, offers a quick, low-cost, and absolutely EVM-compatible ZK Rollup to ship unparalleled safety for customers with out sacrificing velocity or compatibility. Extra particularly, Zirkuit’s efficiency comes from decomposing circuits into specialised components and aggregating the proofs, which achieves higher effectivity and decrease operational prices.
Yi He, co-founder of Binance and head of Binance Labs, stated: “At Binance Labs, we help tasks which might be innovating in Web3 and accelerating the blockchain business. By means of its integration of sequencer degree safety, Zirkuit is offering a safer L2 answer and we sit up for watching it develop and develop additional.”
As Zirkuit prepares to launch its mainnet this summer time, its ecosystem is already exhibiting spectacular progress. The community at present hosts over $3.5 billion in staked belongings and its “Construct to Earn” program has garnered over 1,100 functions. Athena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero and others are amongst its launch companions.
“Zirkuit was born out of cutting-edge scaling and safety analysis. We’re innovating on prime of a deep technological basis, and making Ethereum secure for the subsequent billion customers. We’re thrilled to affix Binance Labs on this journey”, stated Dr. Martin Derka, co-founder of Zircuit.
About Zircuit
Zirkuit is a ZK Rollup with AI-enabled sequencer-level safety and parallel circuits. Constructed by a staff of Web3 safety veterans and PhDs in laptop science, algorithms, and cryptography, Zirkuit’s distinctive structure combines the perfect of each worlds of efficiency and safety. Go to to study extra zircuit.com Or comply with us on Twitter/X @ZircuitL2
About Binance Labs
Because the enterprise capital arm and accelerator of Binance, Binance Labs is now valued at over $10 billion. Its portfolio consists of 250 tasks from over 25 international locations on six continents and has seen a return on funding of over 14x. Over fifty of Binance Labs’ portfolio firms are tasks which have gone by means of our incubation applications. For extra, comply with Binance Labs X,
Contact
Jessica Graber
Zircuit
(email protected)
