FOR IMMEDIATE RELEASE
George Town, Grand Cayman, June 11th, 2024, Chainwire.
Binance Labs, the investment and incubation branch of Binance, has recently put its support behind Zircuit, a cutting-edge zero-knowledge rollup that incorporates AI-driven sequencer-level security measures.
Zircuit stands out as a revolutionary Layer 2 (L2) network that revolutionizes on-chain security. By implementing sequencer-level security and automated AI features, the network effectively shields users from potential smart contract vulnerabilities and malicious entities. Through its innovative hybrid design, which merges established rollup infrastructure with zero-knowledge proofs, Zircuit offers a rapid, cost-effective, and fully EVM-compatible ZK rollup solution that ensures top-notch security without compromising on speed or compatibility. Zircuit’s efficiency is further enhanced by breaking down circuits into specialized components and combining proofs, resulting in increased efficiency and reduced operational expenses.
Yi He, Co-Founder of Binance and Head of Binance Labs, expressed his enthusiasm for Zircuit’s innovative approach, stating:
“Here at Binance Labs, we are dedicated to supporting projects that drive innovation in Web3 and propel the blockchain industry forward. With its focus on sequencer level security, Zircuit is paving the way for a more secure L2 solution, and we are excited to witness its continued growth and progress.”
As Zircuit gears up for the launch of its mainnet later this summer, its ecosystem has already experienced remarkable expansion. With over $3.5 billion in staked assets and more than 1,100 applications for its “Build to Earn” initiative, Zircuit has attracted a diverse range of partners including Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero, and others.
Dr. Martin Derka, Co-Founder of Zircuit, highlighted the network’s commitment to advancing scaling and security research, stating:
“Zircuit is the product of cutting-edge research in scaling solutions and security. By building on a strong technical foundation, we are making Ethereum a safer environment for the next wave of users. We are thrilled to have Binance Labs on board for this exciting journey.”
About Zircuit
Zircuit is a ZK rollup platform that incorporates AI-driven sequencer-level security and parallelized circuits. Developed by a team of experts in web3 security and computer science, Zircuit’s innovative design combines performance and security to offer a comprehensive solution. For more information, visit zircuit.com or follow @ZircuitL2 on Twitter.
About Binance Labs
As the venture capital arm and accelerator of Binance, Binance Labs has emerged as a key player in the industry with a portfolio exceeding $10 billion. With investments in 250 projects from over 25 countries across six continents, Binance Labs boasts a remarkable return on investment rate of over 14X. To learn more, follow Binance Labs on social media platforms.
Contact
Jessica Graber
Zircuit
[email protected]
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