PANews reported on May 1 that according to CoinDesk, the privacy-focused Layer-2 Rollup protocol Aztec announced the launch of its test network. The protocol uses protocol-level encryption technology to allow users to store private data on the blockchain in encrypted form. The project team said that they have been committed to developing the product for more than 8 years, pushing this cutting-edge technology one step further to the mainnet. Co-founder Zac Williamson said that unlike conventional ZK Rollup, Aztec prioritizes privacy rather than scalability, and a single transaction requires more on-chain resources.
Earlier in 2022, it was reported that Aztec Network completed a US$100 million Series B financing round, led by a16z .
