What is Aztec?
Aztec is a trustless, scalable, decentralized Layer 2 (L2) solution called a hybrid zkRollup. It aims to support public and private smart contract execution while preserving user privacy. Aztec utilizes a UTXO architecture and enables the development of applications and tools on public smart contract platforms.
Background
Zac Williamson and Joe Andrews founded Aztec to address the need for privacy-preserving solutions on public smart contract platforms. Their previous product, Aztec Connect, focused on enabling anonymous access to existing dApps on Ethereum L1.
How It Works
Aztec Network utilizes a UTXO-based architecture and employs zero-knowledge proofs to ensure privacy and scalability. It enables the execution of private and public functions, allowing private functions to call both private and public functions and vice versa.
In March of 2023, the company behind Aztec shut down its Ethereum ZK rollup Aztec Connect. They will be releasing more products in the future.
Key Takeaways
- Aztec is a trustless and scalable Layer 2 solution.
- It supports both public and private smart contract execution.
- Aztec utilizes a UTXO architecture to preserve user privacy.
- The network aims to foster an ecosystem of applications and tools.
- Their previous product, Aztec Connect, enabled anonymous access to existing dApps on Ethereum L1.
