Aztec Network discontinues Aztec Connect to focus on Noir and Layer2
On March 14, Aztec Network, a privacy and expansion solution based on ZK Rollup, said that it had not been contacted by the regulatory authority and that closin
On March 14, Aztec Network, a privacy and expansion solution based on ZK Rollup, said that it had not been contacted by the regulatory authority and that closing Connect was a commercial consideration; The maintenance cost of Aztec Connect is not low; The team is focusing on the next generation of default privacy programmable smart contract protocol Noir (using the bitcoin style UTXO model, which will abstract zero-knowledge proof and cryptography, and application developers can develop Noir smart contracts without understanding cryptography); Still focus on Layer2, not Layer1. ( ChainFeeds)
Aztec Network: not contacted by the regulatory authority, closing Connect is a commercial consideration
Analysis based on this information:
Aztec Network, a privacy and expansion solution based on ZK Rollup, announced on March 14 that it had closed Aztec Connect, its first product offering. The closure, according to the company, was a commercial decision which they said had nothing to do with regulatory authorities, and that they had not been contacted by any. The cost of maintaining Aztec Connect was stated to be high, thus making it economically unviable for the firm.
Aztec Connect was designed as a decentralized private communication network using Ethereum’s Layer2 technology. The network aimed to fill the gap in Ethereum’s infrastructure, offering a solution for private and anonymous messaging, critical in some industries like finance, where secrecy is the norm.
Aztec Network said it is instead focusing on its next-generation default privacy programmable smart contract protocol, Noir. Noir is designed with the bitcoin style UTXO model, which is less complex than Ethereum’s account model, and also incorporates zero-knowledge proofs and cryptography in its design. Noir is intended to be a more user-friendly way of developing smart contracts, providing its users full privacy without needing to understand the underlying cryptography.
Additionally, the company remains focused on Layer2 technology, with its ZK Rollup protocol being integrated into Noir. Layer2 offers scalability by processing transactions off-chain, resulting in faster transaction times, lower fees, and reduced network congestion. Aztec Network believes Layer2 offers a scalable solution for the Ethereum network and will help keep the network robust and efficient as it grows.
In conclusion, Aztec Network’s decision to discontinue Aztec Connect and instead focus on Noir and Layer2 technology, reveals the company’s commitment to building a privacy-focused solution for the decentralized ecosystem. Their move illustrates the importance of cost-effectiveness for businesses in the space as they strive to offer innovative solutions.
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