Home » Cryptocurrency » Binance Labs Invests in Zircuit for Advanced AI-Driven Layer 2 Security

Binance Labs Invests in Zircuit for Advanced AI-Driven Layer 2 Security

Binance Labs, the venture capital branch of Binance, has invested in Zircuit. Zircuit is a Layer 2 (L2) network that uses AI-enabled security to protect its users. 

Binance Labs Zircuit Layer 2 Network with AI-Enabled Security
Source: https://www.zircuit.com/

Key Features 

Feature 

Zircuit 

Security 

AI-enabled sequencer-level 

Rollup Type 

Zero-Knowledge (ZK) 

EVM Compatibility 

Yes 

Staked Assets 

Over $3.5 billion 

Build to Earn Applications 

Over 1,100 

Mainnet Launch 

Summer 

Investment Partner 

Binance Labs 

What is Zircuit? 

Zircuit focuses on advanced on-chain security. It uses AI to guard against smart contract exploits and malicious actors. The network combines proven rollup infrastructure with zero-knowledge proofs. This makes Zircuit a fast, low-cost, and fully EVM-compatible ZK rollup. 

Key Features of Zircuit 

  • Sequencer-Level Security: Automated AI mechanisms protect against exploits. 
  • Zero-Knowledge Proofs: Ensures fast and secure transactions. 
  • EVM Compatibility: Fully compatible with the Ethereum Virtual Machine. 
  • Efficient Performance: Decomposes circuits into specialized parts and aggregates proofs, lowering operating costs. 

Zircuit’s Ecosystem 

Zircuit is set to launch its mainnet this summer. The network already hosts over $3.5 billion in staked assets. Its “Build to Earn” program has attracted over 1,100 applications. Launch partners include: 

  • Ethena 
  • Renzo 
  • Ether.fi 
  • KelpDAO 
  • Elixir 
  • Ambient 
  • Pendle 
  • LayerZero 

 

About Zircuit 

Zircuit is a ZK rollup featuring AI-enabled sequencer-level security and parallelized circuits. Developed by experts in web3 security and PhDs in computer science, algorithms, and cryptography, Zircuit excels in both performance and security. For more information, visit zircuit.com or follow them on Twitter/X @ZircuitL2. 

About Binance Labs 

Binance Labs, the venture capital and incubation arm of Binance, has a portfolio worth over $10 billion. It includes 250 projects from over 25 countries across six continents. Binance Labs boasts a return on investment rate of over 14X, with fifty projects having gone through its incubation programs.  

Zircuit represents a promising advancement in Layer 2 security and scalability. With strong backing from Binance Labs and a solid technical foundation, it aims to enhance the Ethereum ecosystem significantly.

July 12, 2024 at 8:00 pm

Updated July 12, 2024 at 8:00 pm

Disclaimer

Remember, investing in cryptocurrencies involves risks, and it’s important to conduct thorough research and seek professional advice before making any financial decisions. (Please keep in mind that this post is solely for informative purposes and should not be construed as financial or investment advice.)

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