Tech, AZTEC, Aztec Network, Privacy, rollup, Zero data, layer 2, News The resolution comes after 8 years of improvement and as establishments search transaction confidentiality. 

Aztec, a layer-2 rollup targeted on privateness, shared Thursday that its testnet has lastly gone dwell.

The announcement comes as a wave of latest privacy-focused options begins to seize the pursuits of huge establishments that want confidentiality with giant transaction batches.

The workforce behind Aztec stated that they’ve been engaged on the product for over 8 years, bringing the cutting-edge expertise one step nearer to the mainnet.

Aztec differs from different zero-knowledge rollups as a result of it’s targeted on serving to purposes and customers protect their personal particulars by incorporating encryption on the protocol degree.

“All of the secret information that you want to keep encrypted, it’s posted on our blockchain in an encrypted form,” stated Zac Williamson, the co-founder of the Aztec Network, to CoinDesk.

Layer-2 networks have appeared en masse within the Ethereum area over the previous few years, and are seen as a quicker and cheaper various to transacting on the Ethereum protocol. But Aztec must hand over components of that with the intention to protect its mission of being privacy-preserving in addition to decentralized.

“A fully private transaction will have more data associated with it, because everything is encrypted. Which means that you’ve required more resources, therefore you cannot scale as much,” Williamson stated. “And so we are fine with that. Aztec’s unique value proposition is not scaling. We do a little bit of that, [because] we are a layer 2, but we never need to be as cheap as other layer 2s.”

Institutions have lengthy sought privacy-preserving instruments since they’re key to dealing with delicate transaction knowledge for public ledgers. Aztec raised $100 million in a series B in 2022, led by Paradigm, when conversations round blockchain privateness began to take off.

Recently, privacy-preserving instruments are re-emerging as key to the business as large establishments start to return on-chain. On Tuesday, privacy solution Miden stated it had raised $25 million in seed fundingfrom a16z.

Read extra: DeFi Privacy Bridge Aztec Connect Sunsets After Less Than a Year

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