Aztec, a Layer-2 Rollup dedicated to privacy, shared on Thursday whose testnet has finally lived live.
The announcement came as a wave of new privacy-focused solutions begins to capture the interests of large institutions that require confidentiality with a large batch of transaction.
The team behind Aztec said they have been working on the product for more than 8 years, bringing the technology to cut a step closer to Mainnet.
Aztec is different from others Zero-knowledge rollups Because it focuses on helping applications and users maintain their private details by integrating the protocol level.
“All the secret information you want to keep encrypted, it’s posted to our blockchain in an encrypted form,” said Zac Williamson, co-founder of the Aztec Network, in CoinDesk.
Layer-2 networks Many appear In the Ethereum space for the past few years, and seen as a faster and cheaper alternative to transacting with the Ethereum protocol. But the Aztec had to surrender to its elements to maintain its mission to be privacy-care as well as decentralized.
“A completely private transaction will have more data associated with it, as everyone is already in the end. That means you need more resources, therefore you can’t measure,” Williamson said. “And so we’re fine.
Institutions have long sought tools that maintain privacy as they are the key to handling sensitive transaction data for public ledgers. Aztec Raised $ 100 million in a series B in 2022Led by paradigm, when the conversations around the blockchain privacy begin to remove.
Recently, the tools that maintain privacy are emerging as the key to the industry as large institutions begin to come to the chain. On Tuesday, Miden of Privacy Solution It said it raised $ 25 million in seed funding from A16Z.
Read more: Defi Privacy Bridge Aztec Connect Sunsets after less than one year
