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 network’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, Zircuit’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.” 

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 “Build to Earn” program has drawn more than 1,100 applications. Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero, and others are among its launch partners.

“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. We’re thrilled to have Binance Labs join us in this journey”, 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, Zircuit’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 Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.

ContactJessica GraberZircuitjessica@zircuit.com

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Latest posts

post-thumbnail
Polygon and Ethereum Investment Innovation: Spiko Launches Tokenized Mutual Funds for US Treasury and European Bonds
Two tokenized mutual funds for the US Treasury and European Bonds have been launched by Spiko and wi...
READ MORE
post-thumbnail
Cardano Founder Speculates: Does Elon Musk Possess 20% of Dogecoin’s Total Supply?
Cardano founder Charles Hoskinson recently speculated that Elon Musk might be holding 20% of DOGE su...
READ MORE
post-thumbnail
BlockDAG Clinches High-Profile Influencer Endorsement, Presale Climbs 1120%, Dwarfing PEPE Coin & Floki Prices
Floki Inu recently enjoyed a notable upswing following a robust investment from DFW Labs, while disc...
READ MORE
post-thumbnail
Terra Classic Nears Decision: Proposal 12114 to Redefine Burn Tax Allocation
The Terra Classic community is voting on Proposal 12114 which aims to revise the LUNC burn tax to al...
READ MORE
post-thumbnail
TON Price Up 4% as TON Blockchain Launches Open League: Win $40M+ in Rewards
The Toncoin network has attracted notable investments from legacy web3 venture capitals in addition ...
READ MORE
post-thumbnail
Ethereum ETF Approval on the Horizon: What It Means for Shiba Inu and Furrever Token Investors
The post Ethereum ETF Approval on the Horizon: What It Means for Shiba Inu and Furrever Token Invest...
READ MORE
post-thumbnail
Veteran Crypto Trader Predicts Bitcoin’s Market Cap to Equal Global Gold Reserves
The post Veteran Crypto Trader Predicts Bitcoin’s Market Cap to Equal Global Gold Reserves appeare...
READ MORE
post-thumbnail
Moody’s Delivers Critical Warning To Investors, XRP Gets Explosive Price Prediction
The post Moody’s Delivers Critical Warning To Investors, XRP Gets Explosive Price Prediction appea...
READ MORE
default post thumbnail
Rapper Gazzy Garcia Gets A Forehead Tattoo Featuring Solana, Says He Sold His SOL
The post Rapper Gazzy Garcia Gets A Forehead Tattoo Featuring Solana, Says He Sold His SOL appeared ...
READ MORE
post-thumbnail
After Regaining $0.01, Here is What’s Next for BOOK OF MEME (BOME) Price Rally!
The post After Regaining $0.01, Here is What’s Next for BOOK OF MEME (BOME) Price Rally! appeared ...
READ MORE
Read more posts