Over 100,000 Wallets Have Used Aztec Connect
Aztec, a group engaged on privacy-focused scaling options for Ethereum, plans to sundown the Aztec Connect Layer 2 community.
Aztec stated it can disable the deposit contract for its Connect product on March 21, stopping customers from transferring property onto the community. The rollup will proceed working for 12 months to facilitate consumer withdrawals earlier than its sequencer is retired on March 21, 2024.
The group is urging customers to withdraw their property earlier than March 2024, noting that customers will “have to run withdrawal software or rely on community-run sequencers” after the deadline.
“While withdrawals will always be possible, they will become significantly more burdensome after March 21st, 2024,” Aztec stated.
Connect’s whole worth locked peaked above $17M on Tuesday, in accordance with L2Beat. Aztec stated greater than 100,000 distinctive wallets have executed transactions on the community.
Aztec additionally open-sourced all the codebase for Connect and inspired group members to fork, deploy, or develop a brand new model of the rollup. “We’d love to see an independently-operated Aztec Connect and are ready to fund it,” it stated.
Connect and different rollups work by bundling collectively transactions on Layer 2 networks and submitting them to the Ethereum mainnet for finalization.
Connect is a zero-knowledge (ZK) rollup, that means it’s powered by ZK proofs. ZK-rollups provide higher pace and privateness than rival designs however usually endure from poor compatibility with the Ethereum Virtual Machine (EVM) — that means builders should make important modifications to port their code between the Ethereum mainnet and Layer 2.
Aztec Launches Private DeFi Platform on Ethereum
With Aztec’s zk.cash DeFi aggregator, DeFi apps like Lido and Curve can be utilized privately.
Aztec plans to deal with its subsequent ZK-rollup resolution.
The group can also be engaged on a “universal language of zero knowledge” referred to as Noir, describing Noir as the best option to write ZK-powered applications. Aztec stated Noir is EVM appropriate and would be the native sensible contract language for its subsequent rollup product.
The ZK-rollup sector is changing into more and more aggressive, with Polygon, Matter Labs, Scroll, and Consensys all aiming to deploy ZK-rollups that includes EVM compatibility within the coming months.