Aztec, a curled up layer 2 centered on privacy, shared on Thursday that his testnet has finally left live.
The announcement occurs when a wave of new privacy -focused solutions begins to capture the interests of large institutions that need confidentiality with large lots of transactions.
The team behind Aztec said they have been working on the product for more than 8 years, bringing avant -garde technology one more step to the Nent.
Aztec differs from other zero -knowledge rollups because it focuses on helping applications and users to preserve their private details by incorporating encryption into the protocol level.
“All the secret information you want to keep encrypted, is published in our block chain in an encrypted form,” said Zac Williamson, co -founder of the Aztec network, to Coindesk.
Capa 2 networks have appeared in mass in the Ethereum space in recent years, and are seen as a faster and more cheap alternative to the transaction in the Ethereum protocol. But Aztec will have to give up the elements of that to preserve its mission of being the preservation of privacy and decentralizing.
“A totally private transaction will have more associated data, because everything is encrypted. Which means that it has required more resources, therefore, it cannot climb so much,” said Williamson. “And then we are fine with that. Aztec’s unique value proposal is not climbing. We do a little of that, [because] We are a layer 2, but we never need to be as cheap as other layers 2 “.
Institutions have sought privacy preservation tools for a long time, since they are key to handling confidential transaction data for public books books. Aztec raised $ 100 million in a B series in 2022, led by A16Z, when conversations around Blockchain Privacy began to take off.
Recently, privacy preservation tools are resurfaceing as a key to the industry as large institutions begin to be in the chain. On Tuesday, the privacy solution measured said it had raised $ 25 million in initial funds from A16Z.
Read more: Defi Privacy Bridge Aztec connect Sunsets after less than a year
Correction (May 1, 2025, 15:30 UTC): An earlier version of this story said that Paradigm led the B $ 100 million series round for Aztec, but it was A16z.
