Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Privacy-focused blockchain network closes Aztec Connect tool

CryptoExpert by CryptoExpert
March 13, 2023
in NFT News
0
Privacy-focused blockchain network closes Aztec Connect tool
  • Facebook
  • Twitter
  • Pinterest


You might also like

Morgan Stanley Sets 0.14% Fees for Ethereum and Solana ETFs, Undercutting All US Rivals

Satoshi’s Lost-Coin Quote Turns 16, Reigniting Bitcoin Scarcity Debate

Strategy’s Bitcoin and Cash Reserves Exceed Debt by $48B, Saylor Says

Privacy-oriented blockchain platform Aztec is preparing to shut down Aztec Connect, the network’s privacy infrastructure serving as the encryption layer for Ethereum.

Aztec Network officially announced the upcoming closure of Aztec Connect, and plans to disable Aztec Connect deposits from front-ends like zk.money and zkpay.finance on March 17.

According to a blog post by Aztec, users will be able to withdraw their funds from Aztec Connect with no fees for one year. “While withdrawals will always be possible, they will become significantly more burdensome after March 21, 2024,” Aztec said, recommending users withdraw funds as soon as possible. Since it launched in July 2022, Aztec Connect has amassed more than 100,000 users, the announcement notes.

From March 2024, Aztec will no longer run a sequencer, meaning the current system will no longer publish rollup blocks processing Aztec Connect transactions. “Contract permissions will be renounced, and all rollup functionality will be ceased,” the announcement reads.

Phemex

As Aztec has fully open-sourced the entire Aztec Connect protocol, the firm encourages the Aztec community to fork, deploy and operate a new version of the system. “We’d love to see an independently-operated Aztec Connect and are ready to fund it,” Aztec said.

According to the announcement, the shutdown of Aztec Connect marks a milestone in the development of a decentralized general-use encrypted blockchain. Before launching Aztec Connect in July 2022, Aztec first experimented with using a zk-Rollup with Aztec 1, which was “slow, inefficient, costly” and limited in functionality to “basic private transfers.”

Source: Aztec

Aztec emphasized that the research made with Aztec Connect will be usable and critical to the development of a next-generation blockchain, providing a basis for a fully programmable version of encrypted rollups, adding:

“It’s undeniable that Aztec Connect was an important stepping stone towards realizing our ultimate goal. It’s now time for us to focus fully on that goal: a decentralized general-use encrypted blockchain.”

After closing Aztec Connect, Aztec plans to focus on developing the universal zero-knowledge language known as Noir and the next-generation encrypted blockchain.

Related: Crypto projects respond to privacy coin ban in Dubai

The news comes amid ConsenSys preparing to release its zero-knowledge Ethereum Virtual Machine rollup on a public testnet on March 28. The launch will follow more than four years of research, potentially enabling faster transactions, higher throughput and better security of settlements on the Ethereum blockchain.



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Ethereum
CryptoExpert

CryptoExpert

Recommended For You

Morgan Stanley Sets 0.14% Fees for Ethereum and Solana ETFs, Undercutting All US Rivals

by CryptoExpert
June 24, 2026
0
logo

Morgan Stanley has moved to claim the lowest fee position in two crypto ETF categories simultaneously, filing second-amended S-1 registration statements with the U.S. Securities and Exchange Commission...

Read more

Satoshi’s Lost-Coin Quote Turns 16, Reigniting Bitcoin Scarcity Debate

by CryptoExpert
June 23, 2026
0
logo

Sixteen years after Bitcoin’s pseudonymous creator offered what may be the protocol’s most enduring philosophical aside, the crypto community is revisiting its implications with new data and renewed...

Read more

Strategy’s Bitcoin and Cash Reserves Exceed Debt by $48B, Saylor Says

by CryptoExpert
June 22, 2026
0
logo

Michael Saylor stated in a post on X that Strategy’s Bitcoin holdings and USD Reserve currently exceed its debt by approximately $48 billion, in sharp contrast to the...

Read more

Base Sets June 25 Mainnet Date for Beryl Upgrade and Native B20 Token Standard

by CryptoExpert
June 21, 2026
0
logo

Coinbase’s Ethereum Layer 2 network Base has confirmed June 25 as the mainnet activation date for its Beryl network upgrade, its most technically significant release since launch. Beryl...

Read more

Morgan Stanley Files Amended ETH and SOL ETFs With Market-Low 0.14% Fees and Staking Rewards

by CryptoExpert
June 20, 2026
0
logo

Morgan Stanley has taken another step toward launching its spot Ethereum and Solana exchange-traded funds, filing second-amended S-1 registration statements with the U.S. Securities and Exchange Commission on...

Read more
Next Post
you all kept asking me…

you all kept asking me...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 61,578.00
ethereum
Ethereum (ETH) $ 1,644.37
tether
Tether (USDT) $ 0.998334
bnb
BNB (BNB) $ 570.97
usd-coin
USDC (USDC) $ 0.999603
xrp
XRP (XRP) $ 1.09
solana
Solana (SOL) $ 69.31
tron
TRON (TRX) $ 0.328767
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.03
staked-ether
Lido Staked Ether (STETH) $ 2,265.05

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?