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25 June 2024
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Binance Labs Invests In AI zk Rollup Zircuit: Here’s Everything

In a bid to boost its commitment to offer users a seamless Web3 experience, Binance’s venture capital and incubation arm, Binance Labs, has recently revealed that it invested in AI zk rollup Zircuit.

Zircuit is a ZK (zero knowledge) rollup that boasts AI-enabled security at the sequencer level. In context, a new Layer 2 (L2) network that revolutionizes on-chain security.

Here’s a report on one of the world’s leading crypto exchange’s investment announcement.

Binance Jacks Up L2 Network Zircuit

Binance’s strategic move to invest in Zircuit, as announced officially, is a testament to the company’s dedication to a seamless Web3 experience worldwide. While the details of this strategic move are not fully disclosed, Zircuit’s strong stance on user security is a clear highlight.

Zircuit’s sequence-level security and built-in automated AI mechanisms provide robust protection against smart contract exploits and malicious actors. The L2’s hybrid infrastructure, a fusion of ‘battle-tested’ rollup infrastructure and zk proofs, delivers a fast, low-cost, and fully EVM-compatible zk rollup, setting a new standard in user experience and security.

These benefits come without hampering the speed or compatibility across the network. Moreover, the mind-blowing performance comes from ‘decomposing circuits into specialized parts and aggregating proofs,’ facilitating better efficiency and lower operating costs.

Meanwhile, Yi He, the head of Binance Labs, stated, “At Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry. Through its integration of sequencer level security, Zircuit is providing a more secure L2 solution and we look forward to watching it grow and develop further.”

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More About Zircuit

Zircuit is promptly gaining significant traction across the global crypto realm and readies to debut its mainnet this summer. With Binance extending support to the L2, a wave of benefits further remains poised to aid the project’s journey.

The network currently flaunts over $3.5 billion in staked assets. Its ‘Build To Earn’ program has already magnetized more than 1100 applications. Whereas, other prominent launch partners encompass Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero, etc.

Dr. Martin Derka, Co-founder of Zircuit, stated, “Zircuit was born out of cutting-edge scaling and security research. We’re innovating on top of a deep technical foundation, and making Ethereum safer for the next billion users.”

Zircuit stands to benefit substantially with the abovementioned investment, in turn gaining popularity across the crypto space with Binance’s announcement and its tapping into AI-based solutions.

Also Read: ZKsync Announces Massive ZK Token Airdrop, Here’s All

The post Binance Labs Invests In AI zk Rollup Zircuit: Here’s Everything appeared first on CoinGape.

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