Sign Up on MEXC
Highlights
- Binance invests in L2 Zircuit, an AI-enabled zk rollup.
- Zircuit is a unique L2 that aims to revolutionize user security with the help of AI.
- Binance Labs and Zircuit's comments on the strategic investment.
In a bid to boost its commitment to offer users a seamless Web3 experience, Binance’s venture capital and incubation arm, Binance Labs, has recently revealed that it invested in AI zk rollup Zircuit.
Zircuit is a ZK (zero knowledge) rollup that boasts AI-enabled security at the sequencer level. In context, a new Layer 2 (L2) network that revolutionizes on-chain security.
Here’s a report on one of the world’s leading crypto exchange’s investment announcement.
Binance Jacks Up L2 Network Zircuit
Binance’s strategic move to invest in Zircuit, as announced officially, is a testament to the company’s dedication to a seamless Web3 experience worldwide. While the details of this strategic move are not fully disclosed, Zircuit’s strong stance on user security is a clear highlight.
Zircuit’s sequence-level security and built-in automated AI mechanisms provide robust protection against smart contract exploits and malicious actors. The L2’s hybrid infrastructure, a fusion of ‘battle-tested’ rollup infrastructure and zk proofs, delivers a fast, low-cost, and fully EVM-compatible zk rollup, setting a new standard in user experience and security.
These benefits come without hampering the speed or compatibility across the network. Moreover, the mind-blowing performance comes from ‘decomposing circuits into specialized parts and aggregating proofs,’ facilitating better efficiency and lower operating costs.
Meanwhile, Yi He, the head of Binance Labs, stated, “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.”
Also Read: Microsoft Partners G42 Enabling UAE Collaboration With OpenAI
More About Zircuit
Zircuit is promptly gaining significant traction across the global crypto realm and readies to debut its mainnet this summer. With Binance extending support to the L2, a wave of benefits further remains poised to aid the project’s journey.
The network currently flaunts over $3.5 billion in staked assets. Its ‘Build To Earn’ program has already magnetized more than 1100 applications. Whereas, other prominent launch partners encompass Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero, etc.
Dr. Martin Derka, Co-founder of Zircuit, stated, “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.”
Zircuit stands to benefit substantially with the abovementioned investment, in turn gaining popularity across the crypto space with Binance’s announcement and its tapping into AI-based solutions.
Also Read: ZKsync Announces Massive ZK Token Airdrop, Here’s All
- Bitwise Files S-1 for Avalanche ETF With SEC Following Delaware Registration
- REX-Osprey Dogecoin and XRP ETFs Set to Launch September 18
- Coinbase’s Base Explores Issuing Network Token to Power ‘Global Economy’ Push
- Trump Urges Powell to Make a Larger Fed Rate Cut Ahead of FOMC Meeting
- Breaking: PayPal to Integrate Bitcoin, Ethereum, PYUSD In New P2P Payments System
- Solana Price Prediction: Analyst eyes $1,250 as Galaxy Digital and Forward Industries Intensify Accumulation
- Trump Coin Price at Risk of a 16% Dive as Open Interest, Whale Selling Intensify
- Hype Price Prediction Gains Momentum — Is USHD Launch the Fuel for $72 Target?
- Bitcoin Price Prediction: Q4 Rally Looms as ETF Inflows Hit $642M—Analyst eyes $150K
- Pepe Coin Price Prediction as the Token Jumps Nearly 20% – Will Whale Accumulation Take it to $0.00003?
