June 11, 2024 \u2013 George Town, Grand Cayman<\/span><\/em><\/p>\n Zircuit is a new layer two network that introduces a novel approach to on-chain security.<\/p>\n The network safeguards users with sequencer-level security and built-in, automated AI mechanisms that guard against smart contract exploits and malicious actors.<\/p>\n The network\u2019s hybrid architecture \u2013 <\/span>which combines battle-tested rollup infrastructure with zero-knowledge (ZK) proofs \u2013 <\/span>results in a fast, low-cost and fully EVM-compatible ZK rollup to provide unparalleled security for users without sacrificing speed or compatibility.<\/p>\n More specifically, Zircuit\u2019s performance comes from decomposing circuits into specialized parts and aggregating proofs, which achieves greater efficiency and lower operating costs.<\/p>\n Yi He, co-founder of Binance and head of Binance Labs, said,<\/p>\n \u201cAt Binance Labs, we support projects that are innovating in Web 3.0 and accelerating the blockchain industry.<\/em><\/p>\n \u201cThrough its integration of sequencer-level security, Zircuit is providing a more secure [layer two] solution, and we look forward to watching it grow and develop further.\u201d<\/em><\/p>\n As Zircuit prepares to debut its mainnet this summer, its ecosystem is already demonstrating impressive growth.<\/p>\n The network presently hosts over $3.5 billion in staked assets, and its \u2018build-to-earn\u2019 program has drawn more than 1,100 applications.<\/p>\n Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero and others are among its launch partners.<\/p>\n Dr. Martin Derka, co-founder of Zircuit, said,<\/p>\n \u201cZircuit was born out of cutting-edge scaling and security research. We\u2019re innovating on top of a deep technical foundation and making Ethereum safer for the next billion users.<\/em><\/p>\n \u201cWe\u2019re thrilled to have Binance Labs join us in this journey.\u201d<\/em><\/p>\n Zircuit is a ZK rollup with AI-enabled sequencer-level security and parallelized circuits.<\/p>\n Built by a team of Web 3.0 security veterans and PhDs in computer science, algorithms and cryptography, Zircuit\u2019s unique architecture combines the best of both worlds of performance and security.<\/p>\n To learn more, visit the website<\/a> or follow on X<\/a>.<\/p>\n As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion.<\/p>\n Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14 times.<\/p>\n Fifty of Binance Labs\u2019 portfolio companies are projects that have gone through our incubation programs.<\/p>\n For more information, follow Binance Labs on X<\/a>.<\/p>\n Jessica Graber<\/a>, Zircuit<\/p>\n Follow Us on Twitter<\/a> Facebook<\/a> Telegram<\/a><\/span><\/p>\n
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Binance Labs<\/a>, the venture capital and incubation arm of Binance, has invested in Zircuit<\/a>, a zero-knowledge rollup with AI-enabled sequencer-level security.<\/h5>\n<\/blockquote>\n
About Zircuit<\/strong><\/h5>\n
About Binance Labs<\/strong><\/h5>\n
Contact<\/strong><\/h5>\n
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