The Good Tech Companies - Binance Labs Invests In Zircuit To Advance L2 With AI-Enabled Sequencer Level Security

Episode Date: June 11, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/binance-labs-invests-in-zircuit-to-advance-l2-with-ai-enabled-sequencer-level-security. More specifically, Zircuit’s performance comes from decomposing circuits into specialized parts and aggregating proofs, which achieves greater efficiency and lo Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #binance-labs, #chainwire, #press-release, #binance-labs-announcement, #zero-knowledge, #ai, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Zircuit is a new Layer 2 (L2) network that introduces a novel approach to on-chain security. The network safeguards users with sequencer-level security and built-in, automated AI mechanisms. Zircuit’s performance comes from decomposing circuits into specialized parts and aggregating proofs.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Binance Labs invests in Zirket to advance L2 with AI-enabled sequencer-level security by Chainwire. Georgetown, Grand Cayman, June 11, 2024, Chainwire, asterisk asterisk Binance Labs, the venture capital and incubation arm of Binance, has invested in Zirket, a zero-knowledge roll-up with AI-enabled sequencer-level security. Zirket is a new Layer 2, L2, network that introduces a novel approach to chain security. The network safeguards users with sequencer-level security and built-in, automated AI mechanisms that guard against smart contract exploits and

malicious actors. The network's hybrid architecture, which combines battle-tested roll-up infrastructure with zero-knowledge proofs, results in a fast, low-cost, and fully EVM-compatible ZK roll-up to provide unparalleled security for users without sacrificing speed or compatibility. More specifically, Zerkit's performance comes from decomposing circuits into specialized parts and aggregating proofs, which achieves greater efficiency and lower operating costs. Greater than Yeehee, co-founder of Binance and head of Binance Labs said, At Binance Labs, Greater than we support projects that are innovating in Web3 and

accelerating the greater than blockchain industry. Through its integration of sequencer-level security, Greater than Zerkit is providing a more secure L2 solution and we look forward to watching Greater Than it grow and develop further. As Zerkit prepares to debut its main at this summer, its ecosystem is already demonstrating impressive growth. The network presently hosts over $3.50 billion in staked assets and its Build to Earn program has drawn more than 1,100 applications. Athena, Renzo, Ether.fi, Kelp DAO, Elixir, Ambient, Pendle, Layer Zero, and others are among its launch partners. Greater than Zerkid was born out of cutting-edge scaling and security research. We're greater than innovating on top of a deep technical foundation and making Ethereum

safer greater than for the next billion users. We're thrilled to have Binance Labs join us in greater than this journey, said Dr. Martin Durka, co-founder of Zerkit. About ZerQ at Zerkit is a ZK roll-up with I-enabled sequencer-level security and parallelized circuits. Built by a team of Web 3 security veterans and PhDs in computer science, algorithms, and cryptography, Zerkit's unique architecture combines the best of both worlds of performance and security. To learn more visit Zerkit.com or follow us on Twitter x at Zerkit L2ABOUT Binance LABSA is the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across

six continents and has a return on investment rate of over 14x. 50 of Binance Labs' portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on x-contact Jessica Graber Zerkit Jessica at Zerkit.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.