Aztec Network

On April 25th, it was announced that Aztec Network, a privacy and expansion solution based on ZK Rollup, has launched its second round of grant programs, focusing on providing gran

It is reported that Aztec Network did not decide to abandon its Aztec Connect private payment product due to regulatory concerns, but only for “commercial” reasons. The company is moving from supporting its own payment products to developing software tools for use by decentralized communities. On March 13, the company announced that it would discontinue one of its projects, Ethereum Zero Knowledge (ZK) Aggregation Aztec Connect. It stopped accepting new deposits on March 23rd, but will allow withdrawals for another year. Interpretation of this information: The news regarding the discontinuation…

On March 21st, Aztec Network, a privacy and expansion solution based on ZK-Rollup, officially announced that the deposit function of its DeFi privacy bridge project, Aztec Connect, has been disabled, but users will still have one year to withdraw funds for free. Interpretation of this information: Aztec Network, the privacy and expansion solution based on ZK-Rollup, has recently announced that the deposit function of its DeFi privacy bridge project, Aztec Connect, has been disabled. Aztec Connect was designed as a privacy-focused project that allowed users to bridge transparent DeFi assets…

According to reports, Aztec Network officially tweeted that the new blockchain network planned to be launched by the project is not Layer1, but will be an updated and more powerful Rollup Layer2 using Noir language. Interpretation of this information: Aztec Network has announced that its new blockchain network will not be a Layer1 technology; Instead, it is developing an updated and powerful version of the Rollup Layer2. Rollup technology is a scaling solution that increases the capacity of blockchain networks. Aztec’s new blockchain network is being built with Noir language,…

On March 14, Aztec Network, a privacy and expansion solution based on ZK Rollup, said that it had not been contacted by the regulatory authority and that closing Connect was a commercial consideration; The maintenance cost of Aztec Connect is not low; The team is focusing on the next generation of default privacy programmable smart contract protocol Noir (using the bitcoin style UTXO model, which will abstract zero-knowledge proof and cryptography, and application developers can develop Noir smart contracts without understanding cryptography); Still focus on Layer2, not Layer1. （ ChainFeeds）…

On March 13, The relevant head of Aztec Network, a privacy and expansion solution based on ZK-Rollup, responded in the community: “The decision to close Aztec Connect is mainly for commercial reasons, and there is no regulatory agency to contact the team. The privacy of Aztec Connect has led to some problems in the design and increased maintenance costs. The company is focusing on the next generation of protocols, which will support fully programmable smart contracts, which are privacy by default. Considering the scale of the new project, we need…