Aztec Network Introduces World’s First Ethereum Layer-2 Scaling Solution With Privacy at its Core
According to the announcement, through Aztec 2.0, the Ethereum network can “scale on-demand up to a hard limit of ~300 TX/S, while preserving on-chain data availability.”
The solution is based on an emerging technology known as zero-knowledge(zk) rollup. It employs an Aztec self-developed zkSnarks standard called PLONK. According to the company, PLONK has now become a widely-used standard within the community developing zkSNARKs to build L2 solutions.
Unlike classical layer-2 solutions that only offer scalability but leave privacy behind, Aztec 2.0 offers both these important features. To make transaction private, the solution first hides the sender, recipient, and amounts using zkSnarks. These transactions are then batched by relayers using a further rollup zkSNARK, thus creating a double (zk-zk) zk rollup. This single rollup proof is then sent to Ethereum, scaling the network.
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