Investing in the Future: Binance Labs Backs Zircuit
Binance Labs, the venture capital arm of Binance, has recently made a strategic investment in Zircuit, a Layer 2 network that combines zero-knowledge rollup and artificial intelligence (AI) technology to bolster security against smart contract vulnerabilities and malicious threats.
– Zero-knowledge rollup integrated with AI technology
– Aiming to enhance security on Layer 2
– Investment made by Binance Labs in Zircuit
– Specific amount and terms undisclosed
Enhancing Security with Innovative Technology
Zircuit’s architecture blends existing rollup frameworks with zero-knowledge proofs, resulting in a fast, cost-effective solution that is fully compatible with the Ethereum Virtual Machine (EVM).
– Established rollup frameworks integrated with zero-knowledge proofs
– Emphasis on high speed and low costs
– Full compatibility with Ethereum Virtual Machine (EVM)
Support and Optimism from Binance Labs
Binance Labs’ Head, Yi He, expressed confidence in Zircuit’s approach to providing enhanced security at the L2 level and highlighted the potential for further growth and development.
– Praise for Zircuit’s sequencer level security
– Positive outlook on Zircuit’s growth trajectory
– Endorsement from Binance Labs’ Head, Yi He
Addressing Security Concerns in the Crypto Space
Crypto hackers often target the Ethereum blockchain, leading to significant financial losses. Immunefi’s report revealed that Ethereum and BNB Chain were the most frequently attacked networks, with Ethereum experiencing multiple security breaches.
– Ethereum and BNB Chain top targets for hackers
– Ethereum faced nine security breaches in a single month
– Ongoing efforts to enhance Ethereum’s security for users
Anticipation Surrounding Zircuit’s Mainnet Launch
As Zircuit prepares for its upcoming mainnet launch, it has already attracted over $3.3 billion in staked assets. The “Build to Earn” program has garnered significant interest, with more than 1,100 participants already involved.
– Over $3.3 billion in staked assets
– “Build to Earn” program draws over 1,100 participants
– Potential airdrop post mainnet launch for early adopters
Recent Updates in Binance’s Trading Operations
Binance recently delisted several trading pairs, including ALPACA/BTC and QUICK/BTC, due to low liquidity and trading volume. These changes, effective from June 14, are aimed at maintaining a robust and high-quality trading market.
– Delisting of trading pairs with low liquidity
– Continued availability of base and quote assets on other pairs
– Focus on enhancing trading quality and market dynamics
Integration of Curve (CRV) on Leading Networks
Binance has successfully integrated Curve (CRV) on the Arbitrum One and Optimism networks. This integration allows for deposits and withdrawals of CRV tokens, boosting liquidity and expanding user engagement on these platforms.
– Integration of Curve (CRV) on Arbitrum One and Optimism networks
– Opening of deposits and withdrawals for CRV tokens
– Expected impact on liquidity and user interaction on the networks
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