On the 7th of July, the Aztec network announced the launch of Aztec Connect on mainnet. For the first time, a decentralized platform powered by Aztec’s private ZK rollup will be on Ethereum.
Aztec Invented Plonk to curb the risks associated with public blockchains, such as breached privacy, exposure to targeted attacks, and vulnerable security.
Plonk is an enterprise-level ZK-SNARK that provides quick privacy and also provides the ZK community at large with enormous on-chain value.
Users can make Ethereum Dapps private in two easy steps. First, the bridge contracts provide a link between Aztec’s rollup and smart contracts on Ethereum. Second, the SDK makes Aztec Connect accessible to web interfaces
Aztec Connect’s inception is an iconic prototype for Defi and more. Staking, swapping, lending, as well as vault entry are all confidential on the network. Also, gas fees are significantly low.
Aztec Connect’s reliability on Ethereum has kept liquidity and contracts on the mainnet and at the same time, Ethereum’s ecosystem’s composability is maintained. This implies that parties can gain from a private rollup without reauditing code and contracts, redeploying contracts, and liquidity fragmentation.
In the past year, Aztec has improved significantly in a bid to enhance privacy. Internal transfers are settled instantly using chained transactions. Additionally, multi-asset Defi deposits and withdrawals are supported.
The communities of Ethereum, ZK, and Aztec are supportive and committed to implementing privacy on Ethereum by putting their community first.
Aztec, Aave, and many others work collaboratively to bring the privacy ecosystem immense growth.
Aztec has supported a cumulative of 75,000 users and 250,000 transactions since its inception in 2021. They have also hit a 100 million-dollar transaction volume.
Aztec’s community welcomes developers, cryptographers, and skilled engineers to join them on their quest to make Ethereum privacy scalable.