Aztec Network Shuts Down Aztec Connect, Focuses on Next Generation Protocols

03/13/2023 10:49 • Tech Ticker • 158 views

On March 13, The relevant head of Aztec Network, a privacy and expansion solution based on ZK-Rollup, responded in the community: “The decision to close Aztec Connect is mainly for commercial reasons, and there is no regulatory agency to contact the team. The privacy of Aztec Connect has led to some problems in the design and increased maintenance costs. The company is focusing on the next generation of protocols, which will support fully programmable smart contracts, which are privacy by default. Considering the scale of the new project, we need to focus on all engineering resources to complete it. We still Focus on L2 Rollup and never establish L1. The strategy has never changed but is entering the next stage. “

Aztec responded by “shutting down Aztec Connect”: mainly for commercial reasons, not related to regulation

Analysis based on this information:

Aztec Network, a privacy and expansion solution based on ZK-Rollup, announced on March 13 that it was shutting down its product Aztec Connect. According to the relevant head of Aztec Network, the decision was made for commercial reasons, as the privacy features of Aztec Connect led to increased maintenance costs and design problems. Additionally, there was no regulatory agency that needed to be contacted by the team.

However, this is not the end for Aztec Network. The company has shifted its focus to building the next generation of protocols that will support privacy as the default setting for smart contracts. The company plans to use all of its engineering resources to complete this project, which will be based on L2 Rollup technology. Aztec Network has never intended to establish L1, and the strategy has not changed – the company is simply moving into the next stage of development.

The decision to shut down Aztec Connect may seem sudden, but it is a strategic move by Aztec Network to prioritize its resources and focus on the development of its next-gen protocols. The company’s focus on privacy remains strong, and it recognizes the need for fully programmable smart contracts that are privacy by default. Aztec Network is positioning itself as a leader in this space, using the power of ZK-Rollup technology to build the most secure and private blockchain solutions.

In conclusion, Aztec Network’s decision to close Aztec Connect may have come unexpectedly, but it is a calculated move that signals the company’s commitment to its long-term goals. Aztec Network is primed to lead the way in blockchain privacy and security, with its focus on smart contract protocols that are fully programmable and privacy by default. As the blockchain space continues to evolve, Aztec Network is well-positioned to be at the forefront of this rapidly-changing industry.

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