Binance Labs Announces Latest Altcoin Investment! Worker Chose This Project for Ethereum Scaling!

Binance Labs, the $10 billion venture capital arm of giant cryptocurrency exchange Binance, announced an undisclosed investment in Ethereum Layer 2 network developer Zircuit. Zircuit is known for its innovative zero-knowledge (ZK) collection technology and offers “AI-enabled sequencer-level security.” This investment aims to support the growth of Zircuit and the further development of its network as it prepares for its mainnet launch this summer.

Zircuit is an Ethereum Virtual Machine (EVM) compatible ZK rollup and sits alongside projects like ZKsync, Scroll and Linea. What sets Zircuit apart is its focus on sequencer-level security, a feature highlighted by Martin Derka, the project's co-founder and a former executive at Quantstamp.

In traditional Blockchain systems, block proposers prioritize transactions based on availability. In contrast, Zircuit's sequencer uses artificial intelligence to examine transactions before they are included in blocks, identifying and isolating potential attacks.

The primary purpose of this sequencer-level security is to prevent hacks and other attacks, thus providing a safer environment for developers and users. Derka explained that transactions identified as hacks are quarantined and not included in blocks, thus ensuring a safe transaction process within the Zircuit ecosystem.

Founded in mid-2022, Zircuit is currently in the test network phase. The testnet was launched at the DevConnect 2023 event held in Istanbul last November, and the mainnet is expected to go live in the coming months. Although still in the testnet phase, Zircuit has already attracted a lot of attention with claims of over $3.5 billion in staked assets.

The “Build to Earn” program received more than 1,100 applications, and the project has established partnerships with many notable organizations, including #Ethena , #Renzo , Ether.fi, #KelpDAO , #Elixir , #Ambient , Pendle and LayerZero.
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