@AztecNetwork is the first smart contract platform with privacy by default and secured by Ethereum. Let's explore the possibilities and learn more about it
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#AlphaInsiders 🧵🕵️♂️⚡️🪂
WE (AlphaInsiders) ARE NOT FINANCIAL ADVISORS.
THIS IS NOT FINANCIAL ADVICE.
Everything in this thread is intended as educational material, not financial advice for any individual. ALWAYS DYOR.
⭕️ What's AZTEC?
Aztec Network is the first private ZK-rollup on Ethereum, enabling decentralized applications to access privacy and scale. Aztec’s rollup is secured by its industry-standard PLONK proving mechanism used by the leading zero-knowledge scaling projects.
⭕️ Why Aztec?
🔸Private
Aztec is the only zero-knowledge rollup built with a privacy-first architecture from the ground up, allowing users to access their favorite apps on Layer 1 completely privately.
🔸Accessible
Proving Aztec transaction validity through zero-knowledge proofs on Ethereum reduces transaction costs by up to 100x.
🔸Compliant
Aztec programmable private system supports opt-in auditability and compliance while fully preserving confidentiality.
⭕️ Products
🔸Zk.money
a private transfer protocol built on Aztec.
🔸Aztec Connect
Aztec Connect is the first private bridge for Ethereum’s decentralized finance ecosystem. It allows users to confidentially access world-class DeFi services on Ethereum
⭕️ Noir / Privacy isn’t EVM-compatible
Aztec’s Rust-based privacy programming language allows for seamless construction of privacy-preserving zero-knowledge circuits.
Noir can be used for a variety of purposes.
🔸Ethereum Developers
🔸Protocol Developers
🔸Blockchain developers
⭕️ Benefits
🔸Privacy is free
🔸DeFi fees are reduced proportionally with batch size
🔸Fees are fixed to their cheap, long-term level and backstopped by Aztec & partners
⭕️ Token
Their token is confirmed but their main focus is now on building but being early is recommended.
⭕️ What you can do?
🔸Create an acc/shield some $ETH on zk.money
🔸Lend/stake tokens
🔸Claim rewards
🔸Send Money to another acc or to L1
🔸Repeat with different tokens and options
🔸Wait for upcoming integrations and Trades
🔸Follow @AlphaInsiders for updates
⭕️Aztec Grants
Build on Aztec, They'll fund it if you can build
🔸Aztec Connect bridges;
🔸Standalone consumer-facing frontends for Aztec Connect bridges;
🔸Full-fledged Aztec-native applications;
🔸A handful of Noir testers
Apply here if capable
⭕️ Source
Project Aztec tbh is too big to cover everything about it in 1 thread so if you got interested here are some links to look at
🔸https://docs.aztec.network/zk-money/userguide
🔸https://docs.aztec.network/how-aztec-works/aztec-connect
if you don't wanna miss the next Alpha/Airdrop
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