Aztec Network shifts focus to privacy smart contract protocol

03/14/2023 06:49 • Crypto & Markets • 69 views

On March 14, Aztec Network, a privacy and expansion solution based on ZK Rollup, said that it had not been contacted by the regulatory authority and that closing Connect was a commercial consideration; The maintenance cost of Aztec Connect is not low; The team is focusing on the next generation of default privacy programmable smart contract protocol Noir (using the bitcoin style UTXO model, which will abstract zero-knowledge proof and cryptography, and application developers can develop Noir smart contracts without understanding cryptography); Still focus on Layer2, not Layer1. （ ChainFeeds）

Aztec Network: not contacted by the regulatory authority, closing Connect is a commercial consideration

Analysis based on this information:

Aztec Network, a privacy and expansion solution based on ZK Rollup, recently made an announcement regarding its decision to shift its focus from Aztec Connect to the next generation of privacy smart contract protocol, Noir. According to the company, the decision to close Connect was a commercial consideration, as the maintenance cost was high and the service had not been contacted by regulatory authorities.

While Aztec Connect was a privacy solution that allowed users to privately transfer ERC20 tokens, Aztec Network’s new solution, Noir, is a privacy smart contract protocol that uses the bitcoin-style UTXO (Unspent Transaction Output) model to abstract zero-knowledge proof and cryptography. This means that application developers can develop Noir smart contracts without the need to understand cryptography. This feature could prove advantageous to developers who want to incorporate privacy features into their applications but lack the technical expertise in cryptography.

The use of the UTXO model also allows Noir to enable privacy features by default, while maintaining scalability and efficiency. By utilizing Layer2 solutions, such as ZK Rollup, Noir aims to scale without compromising the privacy or security of transactions. The focus on Layer2 solutions indicates that Aztec Network is still prioritizing scalability, but not at the cost of privacy.

This pivot to Noir from Aztec Connect indicates that Aztec Network is re-evaluating its strategy to improve and expand its privacy solutions. Furthermore, by developing a new privacy smart contract protocol, Aztec Network is positioning itself to address the growing demand for privacy-focused solutions in the DeFi space. As privacy concerns continue to gain importance in the blockchain industry, solutions like Noir could help address these concerns and promote wider adoption of blockchain technology.

In conclusion, Aztec Network’s decision to shift its focus to the privacy smart contract protocol, Noir, is a strategic move to improve and expand its privacy solutions. With Noir, Aztec Network has prioritized privacy by enabling it by default while also focusing on scalability through Layer2 solutions. This move could give Aztec Network an edge in the DeFi space as privacy continues to gain importance.

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Aztec Network shifts focus to privacy smart contract protocol

Aztec Network: not contacted by the regulatory authority, closing Connect is a commercial consideration

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