Critical Development: Binance Announces Its New Investment!

Binance Labs, the investment arm of cryptocurrency exchange giant Binance, invested in Zircuit, a zero-knowledge rollup technology (zk-rollup) with artificial intelligence-backed sequence-level security. This investment is seen as an important step in addressing security and performance together in Layer 2 (L2) scaling solutions.

Binance invested in a new cryptocurrency project

Zircuit is a new generation L2 network that aims to solve the transaction speed and cost problems faced by traditional blockchain networks. The most important feature of the network is that it provides sequencer-level security and automatically protects against smart contract vulnerabilities and malicious actors using artificial intelligence mechanisms. By combining its rollup infrastructure with zero proof knowledge, Zircuit offers a fast, low-cost and fully EVM compatible zk-rollup.

This hybrid architecture provides users with unmatched security without sacrificing speed or compatibility. The basis of Zircuit’s performance lies in separating circuits into specialized parts and combining the evidence. This results in higher efficiency and lower operating costs. Binance Labs and Binance Co-Founder Yi He said the following about the investment:

At Binance Labs, we support projects that innovate on Web3 and accelerate the blockchain industry. Zircuit offers a more secure L2 solution by integrating sequencer level security. We follow Zircuit’s growth and development with excitement.

This Week Is Critical For 25 Those Altcoins: Here's A List Of What's Happening!

Zircuit will enter the mainnet this summer

As Zircuit prepares to launch its mainnet this summer, its ecosystem is showing impressive growth. The network currently has over $3.5 billion in staked assets. Additionally, the “Build to Win” program received more than 1,100 applications. Important projects such as Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero are among Zircuit’s launch partners. Zircuit Founding Partner Dr. Martin Derka said:

Zircuit was born from cutting-edge scalability and security research. Working with a team experienced in Web3 security, we aim to make Ethereum more secure for the next billion users. We are excited to have Binance Labs join us on this journey.

Experienced Analyst: These 4 Altcoins May Skyrocket With Bitcoin's Move!

This investment once again emphasizes the critical importance of security in the adoption of blockchain technology. Projects like Zircuit try to achieve the balance between scalability and security by using innovative technologies such as artificial intelligence. Zircuit’s mainnet launch in the coming months could be an important step for the future of L2 scaling solutions. Time will tell what will happen in the future. We will also see if Binance will list the project when Zircuit’s altcoin launches.

To be informed about the latest developments, follow us twitterin, Facebookin And InstagramFollow on and Telegram And YouTube Join our channel!


source site-2