Aztec, a LAG-2-Rollup, who focused on privacy, shared on Thursday that its test network has finally gone live.
The message comes as a wave of new privacy -focused solutions begins to capture the interests of large institutions that need confidentiality with large transaction batches.
The team behind Aztec said they have been working on the product for over 8 years, which brought advanced technology one step closer to mainnet.
Aztec differs from other zero-knowledge rollups because it is focused on helping applications and users maintain their private details by incorporating protocol levels.
“All the secret information you want to keep encrypted, it’s placed on our blockchain in an encrypted form,” Zac Williamson, co-founder of the Aztec network, told Coindesk.
LAG-2 networks have appeared galore in the Ethereum room for the past few years and is seen as a faster and cheaper alternative to acting on the Ethereum protocol. But Aztec will have to give up elements of it to preserve his mission to be privacy and decentralized.
“A fully private transaction will have more data associated with it because everything is encrypted. Which means you have required more resources, so you can’t scale so much,” Williamson said. “And then we feel good about it. Aztec’s unique value proportion does not scale. We do a little of it, [because] We are a layer 2, but we never have to be as cheap as other layers 2s. “
Institutions have long sought tools for privacy, as they are the key to dealing with sensitive transaction data for public headbooks. Aztec raised $ 100 million in a Series B in 2022, led by A16Z when conversations about blockchain private life began to start.
Recently, privacy protection emerges that resurrects as the key to the industry when large institutions begin to get on the chain. On Tuesday, the Privacy Solution Miden said it had raised $ 25 million in seed financing from A16Z.
Read more: Defi Privacy Bridge Aztec Connect Sunsets after less than a year
Correction (May 1, 2025, 15:30 UTC): An earlier version of this story said Paradigm led $ 100 million Series B round for Aztec, but it was A16Z.
