Aztec’s Privacy Rollup Hits Testnet Amid Growing Demand

Aztec, a Layer-2 rollup targeted on privateness, shared Thursday that his take a look at community lastly went reside.

The announcement comes as a wave of recent privateness -oriented options begins to seize the pursuits of enormous establishments that want confidentiality with giant transaction batches.

The staff behind Aztec mentioned that they’ve been engaged on the product for greater than 8 years, making the superior know-how a step nearer to the Mainnet.

AZTEC differs from different zero-knowledge rollups as a result of it’s aimed toward serving to purposes and customers who retain their personal particulars by together with coding on the protocol degree.

“All the key data you wish to encrypt, it has been posted on our blockchain in a coded type,” mentioned Zac Williamson, the co-founder of the AZTEC community, to Coindesk.

Layer-2 networks have appeared en masse within the Ethereum area lately and are seen as a quicker and cheaper various to transactions on the Ethereum protocol. However AZTEC must specify components of this to take care of its mission to take care of each privateness retention and decentralized.

“A totally personal transaction can have extra data, as a result of the whole lot is encrypted. Which implies that you want extra assets, due to this fact you’ll be able to’t scale,” mentioned Williamson. “And so we’re advantageous. [because] We’re a layer 2, however we by no means must be as low cost as different layer 2s. “

Establishments have lengthy looked for instruments for preserving privateness, as a result of they’re the important thing to processing delicate transaction knowledge for public grandbooks. Aztec collected $ 100 million in a collection B in 2022, led by Paradigm, when conversations about blockchain privateness began to begin.

Not too long ago, privacy-retaining instruments have come up once more as the important thing to the business, as a result of giant establishments are beginning to come on-chain. On Tuesday, privateness resolution ants mentioned that the $ 25 million in seed financing had collected from A16Z.

Learn extra: Defi Privateness Bridge Aztec Join Sunsets after lower than a yr