Aztec, one of the most prominent features of Blockchain is transparency. However, there is still a great need for privacy to avoid tracking. Aztec was born to solve these problems. So what is Aztec? Let’s dive into this article.
What is Aztec?
Aztec Network is a layer-2 solution on Ethereum, focused on providing privacy and scalability for decentralized applications (dApps). By using Zero-Knowledge Proofs technology, Aztec allows users to make anonymous and secure transactions on Ethereum, while reducing transaction costs by up to 100x.
The project aims to provide private transactions while still ensuring transparency and public authentication, while allowing developers to integrate security features into their applications without affecting other functionality.
Technology of Aztec
PLONK
PLONK is a zk-proof technology that improves on zk-SNARKs, offering many advantages such as:
- More flexibility: PLONK allows for the creation of zero-knowledge proofs for more complex computations than zk-SNARKs, effectively supporting complex private DeFi applications.
- Higher computational efficiency: PLONK is capable of generating and verifying proofs faster in some cases, especially with large computational circuits.
- Universal and updatable trust settings: PLONK uses a single universal reference parameter for all applications, instead of having to create separate parameters for each application like the original zk-SNARKs. This simplifies application development and deployment. This parameter can also be updated securely, minimizing the risk associated with initial parameter settings.
Aztec Rollup
The rollup that Aztec uses is a hybrid zkRollup between public and private states, aiming to provide a secure and scalable smart contract execution environment on Ethereum. This solution allows smart contracts to flexibly interact between public and private states, opening up many new applications such as anonymous voting, private transactions on public AMMs,...
Aztec’s product
Noir Programming Language
Noir is an open-source programming language developed by Aztec Network to simplify the construction of secure applications using zero-knowledge proofs. With a syntax similar to the Rust language, Noir makes it easy for developers to approach and create ZK programs without requiring deep knowledge of cryptography.
One of the outstanding advantages of Noir is its flexibility, allowing both on-chain and off-chain use and compatibility with many different proof systems. This makes Noir not only limited to the Aztec ecosystem but also widely applicable to other blockchain projects.
In addition, Noir integrates basic cryptographic functions, helping developers not need to re-implement from scratch. This reduces risks and increases efficiency in the process of developing secure applications.
Aztec Sandbox
The Aztec Sandbox is a local development environment provided by the Aztec Network that makes it easy for developers to build and test secure smart contracts. It is the first step in Aztec's roadmap to develop a decentralized, privacy-first layer-2 on Ethereum.
$AZTEC Token Information
$AZTEC Key Metrics
Here is the information of $AZTEC
- Token Name: Aztec
- Ticker: $AZTEC
- Token Type: TBA
- Total Supply: 10.35B $AZTEC
- Contract address (CA): 0xa27ec0006e59f245217ff08cd52a7e8b169e62d2
$AZTEC Use Case
Currently, Aztec has not announced any official use case of $AZTEC for the project. Whales Market will update immediately when the official Aztec website announces.
$AZTEC Listing
Here are important details revealed to $AZTEC:
- Listing time: TBA
- Confirmed CEX Listings: TBA
- Pre-market Price (Whales Market): TBA
Aztec Tokenomics & Fundraising
Tokenomics
Currently, Aztec has not announced any official tokenomics for the project. Whales Market will update immediately when the official Aztec website announces.
Fundraising
Aztec has raised successfully total of $171.41M, led by Paradigm, Consensys,... The project will also launch an ICO round on Dec 02rd.
Aztec Roadmap & Team
Roadmap
Currently, Aztec has not announced any official roadmap for the project. Whales Market will update immediately when the official Aztec website announces.
Team
Aztec core team include:
- Joe Andrews: Head of Product
- Zachary Williamson: CEO
Conclusion
Aztec is shaping up to become one of the most advanced privacy-focused Layer-2 networks on Ethereum, combining zero-knowledge technology, hybrid rollups, and developer-friendly tools like Noir.
The project has technological strengths and has raised a large amount of money from leading investors in the market.
Disclaimer: This article is for informational purposes only, not investment advice, and Whales Market is not responsible for any of your investment decisions.
FAQs
1. What is the native token of Aztec?
The native token of Aztec is $AZTEC, used to facilitate coordination across the ecosystem.
2. What is the price of Aztec ($AZTEC) today?
While Aztec ($AZTEC) hasn't been listed yet, users can trade $AZTEC pre-market on Whales Market before the TGE. Here you can trade $AZTEC before the asset gets listed on leading CEXes like Binance, Bybit or OKX.
3.What is Aztec ($AZTEC) pre-market price?
Currently, $AZTEC is trading on Whales Market. Whales Market is the leading pre-market DEX platform to trade pre-TGE tokens and allocations, with over $300 million in volume, no middlemen, trustless and on-chain.
4. How much has Aztec ($AZTEC) raised?
Aztec has raised successfully total of $171.41M, led by Paradigm, Consensys,...
5. What is $AZTEC allocation?
Currently, Aztec has not announced any official tokenomics for the project. Whales Market will update immediately when the official Aztec website announces.
6. How can I trade $AZTEC before official listing?
You can buy or sell pre-TGE $AZTEC on Whales Market by creating or filling orders with collateral-based settlement.