Binance Labs, the investment and innovation division of Binance, the leading cryptocurrency exchange in the world, has recently made an undisclosed financial commitment to Zircuit, a developer of Layer 2 solutions for the Ethereum (ETH) network.
Zircuit is a cutting-edge Layer 2 network that utilizes AI technology to ensure top-level security. This investment reflects Binance Labs’ commitment to supporting projects that push the boundaries of Web3 and drive progress in the blockchain industry.
Yi He, Co-Founder of Binance and Head of Binance Labs, expressed excitement about the potential of Zircuit, stating, “We believe that Zircuit’s innovative approach to on-chain security, with its sequencer-level security integration, will contribute to the growth and development of the blockchain ecosystem.”
Zircuit’s technology, a zk rollup featuring parallelized circuits and AI-driven security measures at the sequencer level, offers a novel solution for enhancing the security and efficiency of Ethereum transactions.
For more information about Binance Labs’ investment in Zircuit, you can visit their official Twitter account. As a reminder, this information is not intended as investment advice.
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