HomeCayman IslandsBinance Labs Invests In Zircuit To Advance L2 With AI-Enabled Sequencer Level...

Binance Labs Invests In Zircuit To Advance L2 With AI-Enabled Sequencer Level Security

-

George Town, Grand Cayman, June 11th, 2024, Chainwire

Binance Labs, the venture capital and incubation arm of Binance, has invested in Zircuit, a zero-knowledge rollup with AI-enabled sequencer-level security.

Zircuit is a new Layer 2 (L2) network that introduces a novel approach to on-chain security. The network safeguards users with sequencer-level security and built-in, automated AI mechanisms that guard against smart contract exploits and malicious actors. The networkā€™s hybrid architecture, which combines battle-tested rollup infrastructure with zero-knowledge proofs, results in a fast, low-cost, and fully EVM-compatible ZK rollup to provide unparalleled security for users without sacrificing speed or compatibility. More specifically, Zircuitā€™s performance comes from decomposing circuits into specialized parts and aggregating proofs, which achieves greater efficiency and lower operating costs. 

Yi He, Co-Founder of Binance and Head of Binance Labs said: “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.ā€ 

As Zircuit prepares to debut its mainnet this summer, its ecosystem is already demonstrating impressive growth. The network presently hosts over $3.5 billion in staked assets and its ā€œBuild to Earnā€ program has drawn more than 1,100 applications. Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero, and others are among its launch partners.

ā€œZircuit was born out of cutting-edge scaling and security research. Weā€™re innovating on top of a deep technical foundation, and making Ethereum safer for the next billion users. Weā€™re thrilled to have Binance Labs join us in this journeyā€, said Dr. Martin Derka, Co-Founder of Zircuit.

About Zircuit

Zircuit is a ZK rollup with AI-enabled sequencer-level security and parallelized circuits. Built by a team of web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuitā€™s unique architecture combines the best of both worlds of performance and security. To learn more visit zircuit.com or follow us on Twitter/X @ZircuitL2

About Binance Labs

As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labsā€™ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.

Contact

Jessica Graber
Zircuit
[email protected]

THE DAILY NEWSLETTER - SIGNUP