Blockchain

Aztec Connect Is Officially Live On Mainnet

The Aztec Connect security bridge, an important part of the Aztec Network ecosystem, was officially broadcast on July 7.
Aztec Connect Is Officially Live On Mainnet 3

Aztec Connect is a bridge solution that allows DeFi transactions to take place under a layer of security and anonymity. This mainnet deployment announcement was also posted on the official Aztec Network Twitter.

Development Director Jonathan Wu said:

“I think of Aztec Connect as a VPN [virtual private network] for Ethereum. Anything that you can do on Ethereum you can now do with privacy through the Aztec Connect system.”

In March 2021, Aztec implemented the zk.money protocol, which brings a secure experience to transactions on Ethereum.

Accordingly, the Connect version is a step further, as it allows users to connect Ethereum with many other chains, hiding under a layer of information security for transactions. Common operations such as staking, swapping, and DAO fund management can all be performed with ease.

Aztec Connect Is Officially Live On Mainnet 4

The Aztec Network includes Zero-Knowledge Rollup (or ZK Rollup) technology, which encapsulates transactions prior to full validation on the Ethereum mainnet, saving gas fees for every single transaction.

Aztec Connect is looking to build a Software Development Kit (SDK) that will make the process of integrating applications into Aztec simpler.

The previous zk.money protocol has also been upgraded, allowing users to anonymously interact with liquid staking with Lido or lending on Element Finance.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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