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Binance Labs Invests in Layer 2 Security Protocol Zircuit

Published 06/12/2024, 05:00 AM
Updated 06/12/2024, 05:45 AM
Binance Labs Invests in Layer 2 Security Protocol Zircuit

  • Binance Labs has invested in Zircuit, a zero-knowledge roll-up network that uses AI-enabled sequencer-level security.
  • Zircuit has shown impressive growth with over $3.5 billion in staked assets and more than 1,100 applicants for its “Build to Earn” program.
  • Binance has introduced USDS-M contracts to its Futures Copy Trading Platform.

Binance Labs has invested in Zircuit, a new layer 2 on-chain security protocol. Zircuit is a zero-knowledge rollup network that protects against malicious attacks and smart contract exploits using AI-enabled sequencer-level security and built-in mechanisms.

The network ensures robust user security without sacrificing speed or compatibility through a hybrid architecture that combines battle-tested rollup infrastructure and zero-knowledge proofs.

Zircuit achieves efficient and cost-effective operations by breaking down circuits into specialized units and aggregating proofs.

Yi He, Co-founder of Binance and Head of Binance Labs, said, “At Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry. Through its integration of sequencer-level security, Zircuit is providing a more sec…

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