Coin overview
ZRC
In progress0.07-12.5%
Last price (USDT)
85.00K
24h total (USDT)
988.15K
Total vol (USDT)
Ends in
2024-11-01 14:00:00 ~ 2024-11-25 09:30:00
Trading time (UTC+0)
2024-11-25 14:00:00
Delivery time (UTC+0)
Total supply10.00B
Resources
Introduction
Zircuit is a fully EVM-compatible,zero-knowledge rollup powered by the latest research in L2 technology.
ZircuitDEX Debuts on Zircuit L2 with Concentrated Liquidity and Meme Coin Launchpad
Like a great, big opportunity machine, the DeFi industry is constantly spitting out one exciting project after the next. A recent interesting entrant is ZircuitDEX, a high-performance decentralized exchange (DEX) running on the Zircuit L2 blockchain. Jump Aboard the DeFi Fast Track—Get Your ZDEX Tokens Now With the presale for the platform’s native token in full swing, ZDEX presents an opportunity to dip into potentially high gains. Indeed, speculation suggests the returns on ZDEX could soar over 1000%, especially considering that the presale price sits at a low entry point of $0.0017. But what exactly is ZircuitDEX? In DeFi’s vast sea of ambitious projects, investors must know exactly what they’re getting into. So, let’s take a closer look at ZircuitDEX and its numerous exciting offerings. ZircuitDEX Battles High Fees and Low Speed The biggest selling point of ZircuitDEX is its versatility. Being built on the Zircuit L2 chain, ZircuitDEX allows for the transfer of its more advantageous properties onto the decentralized exchange. Users on a lot of existing platforms often battle challenges such as high fees, slow transaction times, and liquidity inefficiencies. However, the Zircuit chain is ZircuitDEX’s response to such drawbacks. It leverages the network to process trades faster than almost any existing DEX, says the team, while keeping fees so low “they’re nearly nonexistent.” ZircuitDEX prioritizes speed and efficiency, qualities that make the platform perfect for both seasoned traders and the green crypto-curious. The exchange is fully EVM compatible, meaning users can integrate it with a variety of Ethereum tools. The ZDEX Presale Presents Lucrative Investment Opportunities The ZDEX token is the native currency of the ZircuitDEX ecosystem. With the coin, holders get a say in key decisions and can also leverage ZDEX for staking rewards and liquidity incentives. The presale is a chance to get in on the project as it kicks off a potential rise to the top. Starting at just $0.0017 per token, there’s no better time to hop on the train, with upswings firmly on the horizon. Join the ZDEX Presale Today and Tap into Epic Gains ZDEX token powers a solid and transparent DeFi project. The official website features, in heavy detail, a presale structure and a tokenomics plan. Along with roadmaps, future developments, and specific plans for community engagement as the project takes off. Additionally, the website reveals an enthusiastic team heavily in tune with the crypto space’s thriving meme culture, who are just as passionate about all the solutions the project stands to offer. Key Features of Zircuit DEX Concentrated Liquidity With the concentrated liquidity feature Zircuit DEX aims to help liquidity providers maximize returns while minimizing risk. This works by optimizing the trading process letting LPs focus their assets within certain price ranges. According to the Zircuit DEX team, this lets liquidity providers enjoy up to 500x more capital efficiency than traditional DEXes typically provide. The reduced slippage enables LPs and traders to make the most of their assets. Automated Liquidity Strategies ZircuitDEX provides users with automated liquidity strategies. These take the task of managing liquidity off the hands of traders. Instead, the platform offers strategies such as auto-compounding, and rebalancing all with the aim of ensuring maximum returns without the need for constant supervision. Meme Coin Launchpad Exciting new meme coins continue to flood the market, presenting traders with opportunities for unprecedented profits. Investors intent on boarding the train to the next token that yields 5000% or 15,000% returns, such as BRETT with its recent 14,000% surge, can leverage ZircuitDEX to get ahead. One of the platform’s more notable offerings is its memecoin launchpad – a dedicated space for launching and trading joke tokens. The launchpad affords users the chance to capitalize on the next big memecoin sensations way before they gain mainstream popularity. Fungible LPs & DeFi Integration Liquidity positions on ZircuitDEX are fungible, allowing easy use across various DeFi applications. These LP tokens can be staked for rewards, used as collateral for loans, or traded on secondary markets, providing users with additional value within the broader DeFi ecosystem. Don’t Miss Out on ZDEX—Get In Early and Maximize Your DeFi Earnings Why Zircuit L2 AI-chain? ZircuitDEX is built on the Zircuit network, which is designed to bring speed, security, and efficiency to blockchain users. The core of this ecosystem is the Zircuit L2 AI-chain, a Layer 2 solution that uses zero-knowledge rollups for enhanced on-chain security. Zircuit’s unique design combines rollup technology with zero-knowledge proofs, making transactions fast, private, and compatible with the Ethereum network. Unlike older chains, Zircuit offers advanced security by using AI to protect against threats at the base layer, not just at the app level. In the past year, Zircuit’s team has been recognized for its work in security and scalability, even earning grants from the Ethereum Foundation. The Zircuit project also has stamps of approval from Binance Labs, the venture capital and incubation arm of the leading exchange as well as hedge fund and VC firm Pantera Capital, both of whom have invested in the layer 2 rollup. Final Thoughts ZircuitDEX and its native ZDEX token showcase an interesting combination of innovation and spirited momentum. It’s a platform worth watching as the team appears to be working strategically and optimistically to provide users with a worthwhile and profitable trading experience. ZDEX is more than just a token; part of the Zircuit ethos is that there’s a spot for everyone in their ecosystem. As such, the presale presents early adopters with an open door to the inventive world of ZircuitDEX, one that is clearly built to last. Disclaimer and Risk Warning This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.
The token claim event for Zircuit's second season has begun
On November 23, according to official news, the second season fairdrop token claim event of Zircuit has started. The snapshot time for this claim was at 5 a.m. UTC on November 20, and more than 130,000 users are eligible to receive a total of 300 million $ZRC tokens.
Zircuit: The total supply of ZRC tokens is 10 billion, with 21% used for airdrops and community rewards
According to the official information disclosed by Zircuit, the total supply of ZRC tokens is 10 billion, of which: 21% are used for airdrops and community rewards, making it one of the projects with the highest proportion of airdrops among all L2s, including; -7.00% for Q1 airdrop: unlocked at TGE; -3.00% for Q2 airdrop: unlocked at TGE; -2.45% for events (Fairdrop, Catizen, Binance Web3 etc): unlocked at TGE; -8.55% for future airdrops and rewards: 6 months and 12 months cliff period followed by linear vesting over 24 months; 13.08% are allocated to Community Provisions: with a one-year cliff period followed by linear vesting over two years; 17.93% are allocated to ecosystem development: with a one-year cliff period followed by linear vesting over two years;18.70 % are allocated to foundation :with one year cliff period then linearly vested over two years ;18 .74 %are allocated to team :with one year cliff period then linearly vested over two years ;10 .55 %are allocated to investors :with one year cliff period then linearly vested over two years.
Zircuit: ZRC token transfer restrictions will be lifted
Layer2 project Zircuit officially announced that it will lift the ZRC token transfer restrictions on November 25th and plans to launch important product updates next week.
Bitget is about to launch the Launchpool project ZRC, lock BGB or USDT to earn 9.12 million ZRC
According to the official announcement, Bitget will soon launch the Launchpool project Zircuit (ZRC), with a total prize pool of 9,125,000 ZRC. The lock-up period is from November 25 at 18:00 to November 30 at 18:00 (UTC+8). This round of Launchpool opens two lock-up pools as follows: BGB Lock-Up Pool - Maximum pledge for ordinary users: 20,000 BGB Maximum pledge for VIP users: 50,000 BGB Total Prize Pool: 8,750,000 ZRC USDT Lock-Up Pool (Exclusive for New Users) - Pledge Limit: 2,000 USDT Total Prize Pool:375,000 ZRC
Zircuit will officially lift the transfer restrictions on ZRC tokens on November 25th
On November 22, Zircuit officially announced on platform X that they will formally lift the transfer restrictions of ZRC tokens on November 25. In addition, Zircuit will also launch a major product next week.
Join Bitget x Zircuit Community Campaign Now to Win Your Share of 62,500 ZRC!
Bitget announced that ZRC/USDT is listing on Bitget! In order to show our warm welcome, we have set aside a reward pool of 62,500 ZRC for our special new joins during this period. Participate in the event and join Bitget now to receive your exclusive token airdrop. So, what are you waiting for? Join today! Campaign Period: 24th November, 10:00 – 4th December, 10:00 (UTC) How to participate: Sign up, download Bitget APP and complete KYC Join both Bitget Discord and BGB Holders Group Complete a ZRC/USDT deposit or spot trade of any amount 🎁 Bonus: 300 qualified users will be randomly selected to equally share the campaign pool! Terms and conditions: The campaign is only open for new Bitget APP users who have registered and downloaded through the specified link and not open for affiliates. Users must register before downloading. Rewards are limited to 300 winners. Campaign rewards can not be received at the same time as other platform campaigns. Rewards will be distributed within 7 working days after the campaign completion. Any mischievous behavior is strictly prohibited. Bitget has the right to revoke the participants' right to receive rewards. Join Bitget, the World's Leading Crypto Exchange and Web3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
[Initial Listing] Bitget Will List Zircuit(ZRC). Come and grab a share of 9,562,500 ZRC!
We are thrilled to announce that Zircuit(ZRC) will be listed in the Innovation, Layer 2 and ZK Zone. Check out the details below: Deposit Available: Opened Trading Available: 25 November 2024, 10:00 (UTC) Withdrawal Available: 26 November 2024, 11:00 (UTC) Spot Trading Link: ZRC/USDT Activity 1: Launchpool — Lock BGB and USDT to share 9,125,000 ZRC Locking period: 25 November 2024, 10:00 – 30 November 2024, 10:00 (UTC) Lock Now Total ZRC Campaign Pool 9,125,000 ZRC BGB Campaign Pool 8,750,000 ZRC USDT Campaign Pool 375,000 ZRC Activity 2: PoolX — Lock ZRC to share 375,000 ZRC Locking period: 25 November 2024, 10:00 – 5 December 2024, 10:00 (UTC) Lock Now Locking pool Total ZRC Campaign Pool 375,000 ZRC Maximum ZRC locking limit 6,250,000 ZRC Minimum ZRC locking limit 62 ZRC ZRC pool airdrop per user = user's locked ZRC ÷ total locked ZRC of all eligible participants × corresponding pool. Activity 3: Community Giveaway: Win Your Share of 62,500 ZRC Campaign Date： 24 November 2024, 10:00 – 4 December 2024, 10:00 (UTC) How to participate: 1. Sign up, download Bitget APP and complete KYC 2.Join both Bitget Discord and BGB Holders Group 3. Complete a ZRC/USDT deposit or spot trade of any amount 🎁Bonus: 300 qualified users will be randomly selected to equally share the campaign pool! Introduction Zircuit is a fully EVM-compatible,zero-knowledge rollup powered by the latest research in L2 technology. Contract Address (ERC20): 0xfd418e42783382E86Ae91e445406600Ba144D162 Website | X | Discord How to Buy ZRC on Bitget ZRC to FIAT Calculator Fee Schedule Price & Market Data 7-Days Limited-time Buy Crypto Offer: Buy ZRC with your credit/debit cards at 0% fee with 140+ Currencies, EUR, GBP, AUD, TWD, UZS, TRY, THB, BRL, PLN, IDR and CAD etc. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Zircuit(ZRC) to be listed on Bitget Launchpool — lock BGB and USDT to share 9,125,000 ZRC!
Bitget Launchpool will be listing Zircuit(ZRC). Eligible users can lock BGB and USDT to share 9,125,000 ZRC. Locking period: 25 November 2024, 10:00 – 30 November 2024, 10:00 (UTC) Lock Now Project details • Token name: Zircuit(ZRC) • Total supply: 10,000,000,000 ZRC • Launchpool allocation: 9,125,000 ZRC • About the project: Zircuit is a fully EVM-compatible,zero-knowledge rollup powered by the latest research in L2 technology. Locking pool - BGB: Total ZRC Campaign Pool 8,750,000 ZRC Maximum BGB locking limit for VIP1-VIP7 50,000 BGB Maximum BGB locking limit for VIP0 20,000 BGB Minimum BGB locking limit 5 BGB BGB pool airdrop per user = user's locked BGB ÷ total locked BGB of all eligible participants × corresponding pool. Locking pool - USDT: Total ZRC Campaign Pool 375,000 ZRC *Eligibility for new user Only new users who sign up after November 22, 2024, 08:00 (UTC) are eligible. Maximum USDT locking limit 2,000 USDT Minimum USDT locking limit 5 USDT USDT pool airdrop per user = user's locked USDT ÷ total locked USDT of all eligible participants × corresponding pool. Notes: 1. Token airdrop from Launchpool locking pools will be distributed hourly to participants based on their locked volume. 2. Bitget will take hourly snapshots of each participant's locked volume and distribute airdrop accordingly. 3. Airdrop will be distributed hourly. When a user locks at hour H, the locked volume is calculated at hour H+1, and airdrop is distributed at hour H+2. For example, if a user locks at 10:46 AM, the locked volume is confirmed at 11:00 AM, and airdrop is distributed at 12:00 PM. 4. The APR of each locking pool is calculated separately. 5. Users can unlock their locked tokens from the locking pool at any time. 6. Locked assets will be automatically returned to the user's spot account after the locking period ends. Terms and conditions 1. Users must complete identity verification to participate in the promotion. 2. All participants must strictly comply with Bitget's terms and conditions. 3. Sub-accounts, institutional accounts, and market maker accounts are not eligible for the promotion. 4. Bitget reserves the right to disqualify any user from participating in the promotion and confiscate their rewards if any fraudulent conduct, illegal activities (e.g., using multiple accounts to claim rewards), or other violations are found. 5. Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion. 6. Bitget reserves the right of final interpretation of the promotion. Contact customer service if you have any questions. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
The Fort Knox Blockchain
From decentralised by Saurabh Deshpande TLDR; Proactive Security is Essential: Digital threats are growing, and proactive security is no longer optional. It is crucial for building trust in blockchain and DeFi systems. Zircuit's Opinionated and Differentiated Approach: Zircuit leverages AI-Sequencer Level Security (SLS) to detect and quarantine harmful transactions before they impact the blockchain. Minimal Latency: Zircuit's security measures add minimal latency, with most transactions verified in just 100 milliseconds, making the process virtually seamless for users. Built-in Security Without Cost: Zircuit acts as zero-cost additional insurance coverage at the infrastructure level for developers. It offers enhanced security without adding expenses, encouraging safer DeFi usage and developer trust. Rapidly growing Ecosystem: ~$2 billion in TVL, over 50 ecosystem projects, including Catizen, the top Telegram game, and a to-be-announced exciting fair launch consumer AI app being incubated on the chain. Hello, Imagine if our bodies had no immune system and doctors could only treat diseases after we got sick. No antibodies to recognise and fight off threats. No fever to stop infections in their tracks. We'd be constantly vulnerable, only able to react after an illness had already taken hold. Every new virus would be a potential catastrophe. Our industry faces a similar crisis of confidence today. Each new hack splashed across headlines is another infection, another reason for potential users to keep their money in traditional banks. Like a body without immunity, the crypto industry's future depends on its ability to detect and neutralise threats before they can cause damage. But what if we could give blockchain an immune system? What if we could identify and quarantine malicious attacks before they spread instead of scrambling to patch vulnerabilities after millions are lost? This is where Zircuit comes in, reimagining blockchain security from the ground up. In this article, we'll trace the evolution of financial security from physical bank vaults to digital fortresses, examine how the threat landscape has transformed, and explore how Zircuit's approach to blockchain security could finally give users the confidence they need to embrace cryptocurrency's potential. Let's start at the beginning. From Iron Vaults to Internet Walls A grand building with marble floors, imposing iron vaults, and a team of watchful guards standing by. Security was a matter of physical barriers in the early days of banking. Thick steel doors and alarm systems were the height of security technology. The primary threats were tangible—robbers with guns, not hackers with keyboards. If someone wanted to rob a bank, they had to be there in person, face-to-face with the vault and the guards. The bank's safety depended on how well they could protect their physical assets from being breached; how many guards they could post at the entrance, and the thickness of the vault that held their customers' wealth. During this time, physical proximity was a security mechanism. To pose a threat to a bank, you had to be physically present in the same place at the same time. This limitation acted as a natural barrier, making bank robberies rare and often dangerous for the attacker. The idea that a bank could be robbed by people who are tens or thousands of miles away from the bank was unimaginable. As banks were forced to go digital, these barriers began to crumble. Computers and the internet made geographic locations redundant when it came to bank robberies. The internet broke the traditional concept of proximity-based threats. Suddenly, a bank in the US could be attacked by North Korea by a distributed group of people—coordinated, anonymous, and invisible. A hacker sitting in their bedroom halfway across the globe could now breach a bank's defences as easily as a thief once broke through a vault door. The first major cyber heist occurred between 1994 and 1995 when a Russian computer engineer managed to steal $10 million from Citibank using a dial-up wire transfer exploit. Since then, banks have increasingly fallen victim to sophisticated cyberattacks. One notable example is the attack on the Federal Reserve Bank of New York, where hackers compromised the account of Bangladesh's central bank and managed to successfully transfer $101 million. Fortunately, the Federal Reserve Bank of New York blocked 30 remaining transactions worth $850 million due to suspicions raised by a simple misspelling in the transaction instructions. Beginning in 2013, another significant threat came from a group of hackers known as Carbanak. This group reportedly stole nearly $1 billion from over 100 banks across 30 countries by infiltrating their systems and mimicking legitimate transactions. Carbanak's methods were particularly alarming because they demonstrated how cybercriminals could remain inside a bank's network for months, learning its processes and executing attacks that appeared entirely legitimate. According to the FBI’s Internet Crime Report 2023 , in the five years between 2019-23, the world has lost over $37 billion to cybercrimes. This shift fundamentally changed the nature of security for financial institutions. Banks and fintech companies were no longer dealing with threats that could be countered with guards and alarms. They had to develop new strategies to combat invisible enemies whose attacks could come from anywhere, at any time. And thus began the race to stay one step ahead in an increasingly digital and distributed threat landscape. Fintech Dealing with Security In the early days of companies like PayPal and eBay, security was largely reactive, dealing with incidents after they occurred. But, as cyber threats became more sophisticated, both companies began to invest in real-time risk monitoring systems. PayPal introduced fraud detection mechanisms that used machine learning models to analyse vast amounts of real-time transaction data. By monitoring transaction history, behavioural patterns, and geographic data, PayPal could identify anomalies that might indicate fraudulent activity. Their system used risk-scoring models to flag high-risk transactions and route them for further review. This proactive approach significantly reduced the incidence of financial fraud. This capability became the foundation for broader applications when Peter Thiel, one of PayPal's co-founders, went on to co-found Palantir Technologies in 2003. Palantir expanded upon PayPal's pattern recognition and anomaly detection techniques, adapting them to ingest and synthesise data from various sources beyond just financial transactions. Palantir’s tools became invaluable to intelligence agencies like the National Security Agency (NSA) and the Central Intelligence Agency (CIA). They used them to analyse vast financial records, telecommunications, and travel data. These tools were instrumental in tracking Osama bin Laden, as they could identify hidden connections, map networks, and visualise patterns that might otherwise have been missed. The same pattern and network analysis that helped PayPal fight fraud was ultimately used to map out bin Laden's courier network and trace money flows, leading to his location in Abbottabad, Pakistan. E-commerce giant eBay followed a similar path by implementing thorough buyer and seller protection programs. They used data analytics to monitor activity patterns and spot irregular behaviours, such as rapid changes in pricing or repeated attempts to sell high-risk items. Additionally, eBay developed reputation systems for buyers and sellers, which helped in identifying potentially fraudulent accounts early. By combining machine learning models with data-backed insights, eBay was able to flag and investigate suspicious activities before they escalated. This resulted in improved platform security. Similar advancements took place in the banking industry as well. For instance, when I use my credit card from India’s HDFC Bank while travelling in Dubai, I receive a call from the bank to verify my identity. This typically occurs for transactions that exceed my usual spending patterns. Receiving these calls for every small purchase, like buying coffee or dinner, would be both irritating and inefficient. So, implementing spending analysis to identify unusual transactions in real-time makes sense. These efforts exemplify how the evolution of security measures in the Web2 world has focused on proactive threat detection and response instead of waiting for something to happen and then reacting to it. Ultimately, it improved user trust and safety. But it is not hunky dory in the Web2 world either. McKinesy’s 2019 research on financial crime and fraud highlights how banks often underestimate the total cost of financial crime, fraud, and cybersecurity. Beyond direct fraud losses, there are significant indirect costs such as regulatory fines, customer attrition, transaction declines, and system unavailability. Including these costs provides a more comprehensive understanding of the impact of financial crimes on institutions. Source: Mckinsey By focusing only on direct losses, many institutions fail to address the broader implications that can deeply affect their reputation and customer experience. This leads to an important question: how can these indirect impacts be mitigated effectively? Could there be a more proactive, real-time approach to prevent issues before they escalate? Security in Crypto According to Slow Mist, crypto has lost to the tune of $33 billion in different hacks since 2012. Out of close to 1700 incidents, the chart shows the top few categories of attacks. Contract vulnerability and rug pulls are the leading causes of lost funds. Chainalysis report s the amount received by illicit addresses is far higher. 2023 alone sees $24 billion transferred to illicit addresses. The difference in the amounts could be because of how Chainalysis accounts for illicit addresses, whereas Slow Mist focuses on specific blockchain incidents. Crypto’s ongoing battle with hacks and security breaches is like a persistent cold that just won't go away. These incidents don't just burn a hole in people's pockets; they make a massive dent in the industry's reputation. Imagine you're about to try a new restaurant, but every other review mentions food poisoning—you'd probably give it a miss, right? That's what's happening with crypto. Each hack is another reason for potential users to stick with their trusty old banks. These security nightmares also give regulators sleepless nights. Every time a major hack hits the news, it's like ringing a dinner bell for watchdogs. They swoop in with a flurry of new rules and regulations, often leaving crypto companies feeling like they're navigating a minefield blindfolded. While some oversight is necessary, this reactive approach to regulation can be heavy-handed, potentially stifling innovation. It's a bit like using a sledgehammer to crack a nut—effective, sure, but it might just pulverise everything else in the process. This regulatory pressure and the trust issues arising from repeated hacks create a perfect storm that's keeping crypto from achieving mass adoption. Instead of focusing on cool new features or real-world applications, many crypto projects find themselves playing an endless game of whack-a-mole with security threats and compliance issues. Our dream is that crypto operates at the scale of the internet. Perhaps that will happen five or ten years from now. But are we ready? When a few billion people use crypto daily, the potential for fraud increases manyfold. We can’t build security then. We have to work towards it now. We need solutions to break the cycle of hacks and regulatory crackdowns. This is where Zircuit steps in with a fresh perspective. By analysing the categories of attacks mentioned earlier, Zircuit has identified patterns in how malicious actors operate. While these bad actors often seem to be one step ahead of protocols, Zircuit posits that leveraging artificial intelligence to process this data could be a game-changer. Their thesis is that by feeding information about past attacks into an AI system, it's possible to predict and prevent at least some instances of future attacks. This proactive approach not only enhances security but could also help ease regulatory concerns by demonstrating a commitment to robust, forward-thinking protective measures. OpenSea: A Story of Proactive Security OpenSea was the leading marketplace for non-fungible tokens (NFTs) until mid-2022. But with great popularity came great responsibility. As the platform grew, so did the challenges of keeping users safe from deception. The marketplace was awash with fake content. Many users, especially those new to NFTs, struggled to distinguish between original creations and copymints. OpenSea knew that to fulfil its mission of making NFTs open and accessible, trust and safety had to be at the forefront. Recognising the need for change, OpenSea made several security improvements. One of them was a partnership with Scale AI to build an advanced detection system. This collaboration marked a turning point in OpenSea's journey towards creating a safer platform for all users. OpenSea needed a solution that could handle millions of NFTs weekly, processing them with speed, accuracy, and consistency. With Scale AI's expertise, they implemented a real-time fraud detection system. The system could scan newly minted NFTs, determine if they were copymints, and flag them for removal—all within seconds. By swiftly identifying and removing fake NFTs, OpenSea significantly reduced the risk of users purchasing fraudulent items. But OpenSea's proactive approach didn't stop there. Like a diligent librarian ensuring every book is in its rightful place, OpenSea conducted full catalogue scans to catch any fraudulent NFTs that might have slipped through initially. These scans processed hundreds of millions of NFTs, providing an additional layer of security. Handling such massive amounts of data presented its own challenges. With up to 50 million items needing processing each week, precision was paramount. Machine learning models helped handle this volume with an impressive 95% average precision rate. By combining real-time detection, batch scans, and sophisticated data handling, OpenSea created a safer and more trustworthy marketplace. Users could now browse, buy, and sell NFTs with greater confidence. OpenSea's story exemplifies the power of proactive security in the digital age. It demonstrates that even in a rapidly evolving landscape, building trust through innovation is not just possible—it's essential. The need for security in the blockchain space is even more critical due to the irreversible nature of blockchain transactions. Unlike Web2 platforms, where central authorities can intervene and reverse transactions or help recover assets, blockchain transactions cannot be reversed. This makes proactive security essential. OpenSea has shown the importance of building strong security systems to prevent malicious activities. But, if we are to follow what OpenSea did, every application will have to spend significant resources on security. Can we do something at the infrastructure level so that applications don’t have to worry much about security? Enter Zircuit. Its proactive Sequencer Level Security (SLS) aims to address these challenges head-on, not at the application level but at the infrastructure level. This means that individual applications have an additional layer of security. Extending our banking analogy, Zircuit provides applications with bars and locks. Zircuit aims to do this by detecting and quarantining harmful transactions before they can impact the blockchain. Imagine it as an extra layer of security, similar to a gatekeeper that carefully checks each transaction before allowing it into the record. To understand how Zircuit secures this process, imagine an airport where every passenger and their belongings go through multiple security checkpoints before boarding. In the same way, Zircuit adds multiple layers of verification to ensure that only safe transactions are processed. Now, let’s explore the basic building blocks of a Layer 2 (L2) system and how Zircuit has modified the OP Stack architecture to improve its functionality. The Basic Building Blocks of a Layer 2 System Imagine the blockchain as a rapidly expanding metropolis. As more residents (users) flock to this digital city, the streets (Layer 1) become congested, slowing down every transaction. Layer 2 (L2) solutions are like constructing a network of elevated highways and underground tunnels, allowing for faster travel without disrupting ground-level traffic. Let's explore the key components of these blockchain superhighways in greater detail. Execution: The City's Brain CentreAt the heart of any L2 solution is the execution component, which acts like the city's brain centre. It processes transactions, manages the overall state, executes smart contracts, and handles deposits. Picture it as a command hub that controls all the key functions of the city, directing every operation smoothly. It ensures that power, water, transportation, and communication systems all work in harmony. Just like a brain ensures that every part of the body performs optimally, the execution layer guarantees that all transactions are processed efficiently, account balances are updated accurately, smart contracts are executed properly, and deposits from L1 are integrated seamlessly. As the blockchain grows, this brain centre ensures the system can handle increasing demands, keeping everything functioning seamlessly. Sequencing: The Master Traffic ControllerThe sequencer in an L2 system acts as a high-tech traffic controller in a bustling control room. It doesn’t just react to congestion; it anticipates it, coordinates traffic, and opens or closes lanes to keep things flowing smoothly. In blockchain terms, the sequencer determines the order in which transactions are processed, greatly impacting the state of the blockchain. It’s like choreographing a complex dance of data to ensure every step is perfectly timed and executed. Currently, the sequencer in Zircuit is centralised, which allows for faster transaction processing. However, this also introduces certain challenges and responsibilities, much like having one highly efficient control centre managing an entire city's traffic. This can, however, be decentralised over time. Batching: The City's Express Bus SystemBatching in L2 is like running an express bus system in our growing city. Instead of every person (transaction) taking their own car, batching groups multiple transactions together—much like passengers on a bus. These grouped transactions are then posted to the L1 as "blobs." Picture these buses using dedicated express lanes to quickly transport groups to the city centre (L1). This significantly reduces congestion and costs, just as an efficient public transport system eases traffic and lowers travel expenses. In Zircuit, this is managed by a component called the 'batcher', which doesn’t just group transactions randomly but compresses them to reduce the gas cost of recording data to L1—much like a bus system optimising routes for fuel efficiency and convenience. State Root Proposal: The City Planning Record KeeperThe state root in blockchain can be thought of as a city planner’s record keeper. After development and changes in the city (transactions in L2), the city planner (proposer) submits an updated master or blueprint plan to the city council (L1 blockchain). It summarises the city's current state rather than every detail of each building or road. In blockchain terms, the proposer takes the current state of all transactions and posts this summary to L1, ensuring that the main blockchain has an accurate overview of what’s happening in L2. The state root is critical for maintaining security and synchronisation between L1 and L2. It allows L1 to verify the validity of L2 operations without processing every single transaction—much like how a city council can approve changes without inspecting every brick laid. But be sure that even if you make changes to a single brick in the city, the city council will know that you attempted to change something. This is because when you change even one brick, the change is reflected in the new blueprint. Prover: The City's InspectorThe prover is like an inspector who verifies that everything is in order. In Zircuit, ZK circuits are used by the prover to create zero-knowledge proofs, which verify that transactions are correct without revealing sensitive details. To boost efficiency, Zircuit divides the prover into smaller components for parallel processing, similar to having multiple inspectors checking different parts of a vehicle at the same time. This makes the verification process faster and more scalable, which is crucial for maintaining high transaction throughput and security. ZK Circuits and their Role In simple terms, ZK circuits are like electronic circuits but for mathematical proofs. Just as an electronic circuit is made up of various components that work together to control the flow of electricity and produce a specific outcome, ZK circuits are made up of logical components that perform specific calculations to prove that something is true without revealing the underlying details. In the context of Zircuit, ZK circuits are used to create "zero-knowledge proofs," which verify that transactions are legitimate without needing to expose all the sensitive information involved. This makes the verification process both private and secure. Think of ZK circuits as a series of switches in an electronic circuit. When certain conditions are met, the switches are turned on, allowing the proof to be generated. This process ensures that all the criteria for a valid transaction are satisfied without revealing the actual data behind those conditions. Zircuit's Modifications to OP Stack Zircuit has taken the OP stack blueprint and transformed it into a city of the future, optimising every step to enhance security and efficiency. Let's dive deeper into the key modifications that make Zircuit stand out. Parallel Proving: The Multi-Dimensional Inspection TeamProving is one of the most resource-intensive tasks in a ZK rollup. The process of generating zero-knowledge proofs involves complex calculations that can be demanding, especially with a high transaction volume. Zircuit's solution is to split the prover into eight specialised components. This parallelisation is like having a multi-dimensional inspection team, where each inspector focuses on a different aspect of verification, such as signature checks, state transitions, or arithmetic operations. By breaking down the proving process, Zircuit dramatically speeds up proving facts about the execution of blocks while ensuring a thorough examination of every transaction component, thereby maintaining both speed and precision. Proof Aggregation: The Holographic City ModelAfter the parallel proving, Zircuit compiles all individual inspections into one comprehensive proof—similar to creating a holographic model of the city that incorporates all individual inspection reports. This aggregation step ensures that the final proof is comprehensive and compact, reducing both the verification time and cost on L1, which is crucial for maintaining scalability without sacrificing security. EIP-4844 Implementation: The Teleportation GridZircuit leverages Ethereum's new data availability feature (EIP-4844) to post transactions as "blobs" on the mainnet. Imagine if our futuristic city developed a teleportation grid—goods and people are converted into data (blobs) and reassembled at their destination. EIP-4844, also known as proto-danksharding, is a significant upgrade to Ethereum that allows for more efficient data storage. By implementing this, Zircuit reduces the cost and complexity of posting data to L1. It helps enhance the system's scalability and cost-effectiveness, which benefits all users by keeping transactions affordable. With these modifications, Zircuit has reimagined how transactions flow through a Layer 2 system to create a more efficient and secure network. To better understand how all these components work together, let’s walk through the supply chain of a Zircuit transaction—from the moment it's created to the point where it becomes a permanent part of the ledger. The Journey of a Transaction in Zircuit Initial Security Screening and Sequencing: When a transaction first arrives at the sequencer, it encounters Zircuit's security oracles, which form the heart of the SLS protocol. Much like parcels going through airport security, each transaction undergoes an immediate scan for potential threats, a process completed in roughly 100 milliseconds. Should the security oracles flag anything suspicious, the transaction is promptly diverted to quarantine for a more thorough inspection. Transactions that pass this initial screening advance to sequencing, where they're organised for inclusion in the next block. Block Creation and Chain Extension: Approved transactions are gathered into blocks, rather like sealed containers ready for shipping. Zircuit produces new blocks every two seconds, steadily extending the L2 chain. As each block is created, it updates the local state, making transactions final at the L2 level. Batching for L1: Instead of posting each transaction individually on the data availability (DA) layer, Zircuit uses a component called the "batcher" to group transactions together. It is like containers on the ship. Each small container is like a transaction, and the ship is the batch. The batcher posts these grouped transactions onto the main blockchain in units called "blobs." This makes the process more efficient, allowing multiple transactions to be processed together. This results in reducing the costs and workload on the main network. Parallel Proof Generation: To ensure that transactions are legitimate, Zircuit breaks down the verification process into smaller steps that can be handled simultaneously. This is like having multiple inspectors check different parts of a shipment at the same time to speed things up. Zircuit has split its prover—the part responsible for proving transactions are correct—into eight smaller provers. This parallelisation makes it possible to verify transactions faster and more efficiently. Proposing State Roots: After the transactions are batched and proofs are generated, a "proposer" takes the state of all transactions and posts it onto the L1. You can think of this as someone summarising the contents of all the packages and officially recording that summary with a trusted authority. This summary, called the "state root," helps ensure that everyone agrees on the current state of the blockchain. If you make the slightest change, the summary will not match, and you will get caught for making the change. Aggregation and Submission: Once all the smaller proofs are complete, Zircuit gathers them into a single, comprehensive proof. This proof is then submitted to the main blockchain for verification. Imagine taking all the inspection reports and compiling them into one final document that gets reviewed by a trusted authority. This comprehensive proof covers multiple blocks of transactions, ensuring everything is in order before they are permanently recorded. Quarantine Management: If the oracle flags a transaction as suspicious during the initial verification, it's diverted to quarantine—a secure holding area where potentially harmful transactions undergo additional scrutiny. Think of it like a special inspection area where suspicious packages receive extra attention. During quarantine, transactions undergo in-depth examination using both automated checks and, where necessary, manual reviews by security experts. This process ensures that no potentially harmful transaction can impact the blockchain while legitimate transactions continue flowing through the system. This carefully orchestrated process ensures both security and efficiency, with SLS providing protection from the earliest possible moment in a transaction's lifecycle. The system maintains its vigilance without compromising on speed, processing legitimate transactions swiftly while keeping a watchful eye for potential threats. Source - Zircuit Documentation Now, think about what it would mean if we could take all of these preventative measures one step further—creating not just a reactive but a proactive defence system. Imagine a world where crimes can be stopped before they happen. That's the premise of the sci-fi thriller " Minority Report ." Now, picture that same predictive power applied to blockchain transactions. That's essentially what Zircuit has set out to achieve with its innovative Sequencer Level Security (SLS). While the components we've discussed so far are common to many L2 solutions, Zircuit sets itself apart with its security system. Think of SLS as the Department of Precrime of the blockchain world, identifying and neutralising potential threats before they can materialise. Just as the precogs in "Minority Report" could foresee criminal activities, Zircuit's SLS can detect malicious transactions before they impact the blockchain. This isn't just a security upgrade; it's a paradigm shift in how we approach blockchain safety. Let's dive into the three main components of this security system: SLS and Its Role in Zircuit Zircuit’s SLS is designed with three main components: Malice Detection, Quarantine-Release Criterion, and Transaction Execution. These components work together to enhance the sequencing process, ensuring that harmful transactions do not affect the blockchain state. Malice Detection: The Precognitive Defense GridThis is a defence system capable of detecting threats before they even fully materialise. As transactions approach the Zircuit sequencer, they first encounter the Malice Detection module. This is like having a team of precogs from "Minority Report" scanning each transaction for potentially malicious intent. This system doesn't just look at the transaction in isolation. It performs a dependency analysis, understanding how each transaction might interact with others. It's as if the precogs can see not just individual crimes, but entire networks of criminal activity before they happen. Benign transactions, which are more than 99.9% (malicious are only a few thousand out of billions) of total transactions, are swiftly ushered through to be included in the next block. If a transaction raises red flags, it's immediately flagged for further scrutiny. This proactive approach ensures that potentially harmful interactions are identified and managed long before they can impact the blockchain. Quarantine-Release Criterion: The Isolation ChamberTransactions flagged as suspicious are whisked away to a quarantine zone in ~100ms, faster than you can say the word "blockchain". In this holding area, suspicious transactions undergo rigorous verification processes. It's like subjecting them to a gauntlet of tests across multiple timelines and realities. The AI systems analyse every aspect of the transaction. In some complex cases, human experts can step in, like interdimensional judges passing the final verdict. This quarantine mechanism ensures that no potentially harmful transaction sneaks through to the blockchain. Only when a transaction meets specific release criteria, proving its benign nature across all possible scenarios, is it allowed to proceed. Transaction Execution: The Reality Integration ProtocolOnce a transaction has passed through the gauntlet of Malice Detection and, if necessary, the Isolation Chamber, it reaches the Transaction Execution stage. This is where verified transactions are finally integrated into the blockchain's reality. The SLS protocol also integrates malice detection by simulating transactions in different contexts to assess their impact accurately. This hybrid approach combines parallelisation for independent transactions and sequential analysis when context is needed, enabling Zircuit to maintain both security and efficiency. The SLS Advantage: Proactive Defense in a Reactive WorldWhat makes Zircuit's SLS truly different is its proactive stance. While other systems might detect and react to threats, SLS aims to prevent them entirely. It's the difference between having a security system that alerts you to a break-in and having one that stops the burglar before they even touch your door. This approach provides four key benefits: Enhanced Security: By catching potential threats at the sequencer level, Zircuit creates an additional, powerful layer of defence against attacks. Improved Efficiency: Malicious transactions are stopped before they can waste system resources or cause disruptions. User Protection: SLS helps protect users from inadvertently interacting with malicious smart contracts or falling victim to sophisticated scams. Ecosystem Integrity: By maintaining a clean, secure environment, Zircuit fosters trust and stability in the entire blockchain ecosystem. With these core principles established, it's important to address some practical considerations—like the impact of added security on transaction speed. Balancing Security and Latency When reading about Zircuit, I wondered whether adding an extra verification step would lead to increased latency. Imagine this process like a security checkpoint at an airport. Just as airport security checks every passenger quickly yet thoroughly to ensure safety, Zircuit performs an additional verification step to secure each transaction. The goal is to prevent any harmful elements from passing through while keeping the process efficient and minimising delays. While it might seem like an additional step that could slow things down, it is designed to be quick and efficient. Although the security element in Zircuit does introduce some latency, it operates at a per-transaction level and remains virtually unnoticeable to users. Once a transaction is accepted into the mempool, the user waits for it to be included in a block, similar to how it works on Ethereum. Zircuit produces a new block every 2 seconds in contrast to Ethereum’s 12 seconds, and the system is designed so that each transaction analysis fits within that timeframe. Most transactions are analysed in around 100 milliseconds, which means the analysis takes less than 10% of the 2-second block time. Depending on when the transaction arrives at the sequencer node, it can either be included in the current block or the next one, resulting in a maximum latency of up to 4 seconds per transaction. So, Zircuit adds a little time to your transactions. But most transactions, like simple transfers, swaps, or interactions with a lending platform in a non-flash loan transaction, will immediately go through the SLS security almost 100% of the time. The next critical question is: how does Zircuit determine what constitutes malicious activity? Zircuit relies on databases of previous hacks, which provide valuable insight into past vulnerabilities and attack patterns. This approach, combined with community input, effectively boils down to a form of social consensus, where collective knowledge is used to identify potentially harmful transactions. Why Zircuit’s Approach Matters Zircuit’s combination of batching, parallel proof generation, and oracle-based quarantining makes the blockchain more secure and efficient. By processing transactions in groups and using multiple provers, Zircuit can effectively block harmful transactions while keeping legitimate ones flowing smoothly. Each transaction is thoroughly vetted by an oracle, adding another layer of security. It’s like having multiple checkpoints to ensure that only safe, verified transactions make it through. The Zircuit team has been building in the space for the past several years. Zircuit is built by a veteran team of blockchain engineers, security researchers and cryptographers with PhDs in Computer Science and related fields. Beyond their academic excellence, they have diverse backgrounds from companies such as Google, MathWorks, Opera, ProtonMail and Samsung. They bring a wealth of security expertise from their former experience at Quantstamp, a leading smart contract security auditing firm. The core Zircuit team has authored and presented 12+ papers and talks on bridge hacks, rollup escape hatches, bridge architecture and formal methods. They have received 3 Ethereum Foundation grants for researching rollup security, rollup compression and scaling cryptography. An investor we spoke to who preferred to remain anonymous explained his rationale for backing Zircuit. First, in the endless pursuit of more TPS, we often forget that users prefer security over speed. It does not matter how fast your money moves if you are unsure about its security. So, backing a network that focuses primarily on security would be key to growing the number of users that exist in the industry today. It expands the nature of applications that can be built, too. Second, Zircuit's team is a unique blend of expertise in security and experience in scaling consumer apps. It is not just the "theoretical how" that they possess. They also understand what breaks systems as they scale from their experience over the past few years. The code can be open-source. The expertise cannot be easily forked. The way Zircuit's tech stack is constructed also puts it in a unique position to serve as a gateway to "safe DeFi usage." Many DeFi users and whales have been burned in the past and are now looking for safer yield opportunities. Zircuit’s SLS model shines in this context by adding an extra layer of safety to protocol audits at the sequencer level. This detailed supply chain approach to handling transactions is what sets Zircuit apart. By treating each transaction like a package that goes through multiple levels of inspection, Zircuit ensures the integrity of the blockchain. This approach protects it from both small-scale fraud and large-scale coordinated attacks. From a developer's perspective, Zircuit helps them make their applications more secure. Traditionally, developers of DeFi applications have had to undertake a series of complex measures to secure their protocols. These steps include obtaining an audit, setting up alert systems for potential exploits, understanding the nature of any exploit, responding effectively by pausing or freezing contracts, and managing the reputational and financial fallout afterwards. This process demands significant time, technical expertise, and the ability to respond immediately when threats emerge. In addition, the DeFi application’s developer team has to be globally distributed to cover all time zones. Consider the recent exploit of Penpie , where attackers drained significant funds due to a vulnerability in the smart contract. The developers had to quickly understand the nature of the exploit, pause the contract, and address the aftermath, including tracing stolen funds and managing reputational damage. If Zircuit had been in place, it would have done more than just flag the suspicious transaction—it would have fundamentally changed the outcome in three crucial ways. First, by detecting and quarantining the malicious transaction before execution, it would have prevented the hack from occurring. Second, the quarantine analysis would have provided the development team with detailed information about the targeted vulnerability, offering valuable technical insights. Third, this early warning system would have given the team time to implement a complete fix for the vulnerability. Or, if a fix wasn't immediately possible, allow users to safely withdraw their funds. This would prevent both financial losses and reputational damage. This proactive approach transforms crisis management into risk prevention, fundamentally changing how protocols handle security threats. This would have provided a crucial window to prevent the exploit from impacting the protocol and saved both the developers and users from significant financial and reputational losses. Zircuit simplifies this process by taking on much of the security load. Instead of developers being solely responsible for every aspect of security, Zircuit's SLS integrates these protective measures directly at the transaction level. This extra layer of scrutiny acts like a built-in security guard, identifying potentially malicious transactions before they are added to the block. In a way, Zircuit is like additional coverage for your insurance at zero cost—since the security it provides comes at no additional expense to developers. If you were offered additional coverage on your travel insurance for free, you would take it, right? Similarly, Zircuit offers developers a safety net without any incremental cost. This means developers can focus more on building their applications rather than worrying about constant monitoring, response mechanisms, or the fallout from potential security incidents. By effectively adding an automatic layer of real-time security at the sequencer level, Zircuit serves as a gateway to safer DeFi usage, allowing users to trust the platform with their transactions and reducing the burden on developers to manage all security aspects alone. Zircuit Ecosystem All of this is great. But can Zircuit get to product-market fit? How does the landscape look today? What is Zircuit’s go-to-market (GTM) strategy? Liquidity on a chain is one of the scarce resources for DeFi protocols. Apart from incentives, liquidity is probably the single most important parameter for DeFi protocols. A chain with higher liquidity will almost always attract more traders and investors, and thus, DeFi protocols. Zircuit’s GTM was availing of the points meta by distributing points to users who staked on Zircuit using re-staking protocols like EtherFi, Swell, and Renzo. A key partnership is with Catizen, Telegram's leading blockchain game with over 3 million users and 400,000 daily active users. By deploying their game on Zircuit, Catizen will help introduce blockchain gaming to their substantial user base in a secure environment. This partnership demonstrates Zircuit's appeal beyond pure DeFi applications. In addition, the Zircuit team is incubating a fair launch consumer AI project, which will be publicly announced very soon. Zircuit has also formed a significant alliance with EigenLayer, executing a well-received fairdrop that allocated 2% of ZRC supply to over 200,000 EIGEN token holders. This strategic distribution, targeting users holding a minimum of 3 EIGEN tokens, has garnered strong support from the EigenLayer community and team. The endorsement from prominent figures like EigenLayer founder Sreeram Kannan and ETHSingapore founder fishbiscuit underscores the industry's confidence in Zircuit's vision. Zircuit currently has over $2B worth of total value locked (TVL). Comparing TVL with other L2s on L2Beat , it ranks 4th, just above Scroll ($1.5B) and below Arbitrum (%13.8B), Base ($8B), and OP Mainnet ($6.6B). Please note that this is only the liquidity hub TVL. This is designed to reward participating users and communities that help bootstrap native, day-one liquidity to Zircuit. With security at the centre and amassing over $2B in staking TVL, Zircuit remains focussed on DeFi and Infrastructure, with a few applications being developed in the social category. This is not intended to be an exhaustive map but a representation of applications building on top of Zircuit. Source: Zircuit Zircuit's Moment of Truth: Can It Win the Long Game? Zircuit acts as zero-cost additional security for developers. If all else is equal, the Nash equilibrium suggests that developers will build their DeFi apps on Zircuit. But, it's not always that simple. An established L2 like Arbitrum or Base could potentially offer something similar to Zircuit. But replicating Zircuit's approach is not straightforward because security isn't embedded in their DNA. Just as many have copied Uniswap’s model, Uniswap remains the leader due to its foundational strengths. Similarly, the Zircuit team has over seven years of experience in smart contract auditing—expertise that very few teams in the crypto space possess. This deep background creates a high barrier to entry for competitors. Unlike projects that merely promise future security features, Zircuit's SLS is already live and operational, actively protecting transactions on their network. This combination of proven expertise and working technology sets Zircuit apart in an industry where security solutions often remain theoretical. In addition, they are highly dependent on cumbersome processes like formal verification. It demands a lot of human capital. Hackers are always trying to stay one step ahead, but Zircuit fundamentally changes this dynamic. Not only does Zircuit's system detect and block known attack patterns, but its AI-powered security layer can also identify new, suspicious behavioural patterns that deviate from legitimate transaction norms. This means hackers face a dual challenge: they must not only devise entirely new attack methods, but these methods must be so innovative and sophisticated that they can evade an AI system trained to recognise malicious patterns—even ones it hasn't seen before. This raises the bar significantly, making successful attacks exponentially more difficult and costly to execute. Crypto is largely driven by incentives, which can attract users, liquidity, and developers in the short term. We've often seen that the market can remain irrational for longer than you can remain solvent. For example, consider the Bitcoin L2 landscape. Several L2s have emerged that are not well differentiated and are struggling to gain adoption. It takes time to get sticky adoption. So, it is possible that other L2s or chains take user and developer attention away from Zircuit. But, long-term success is driven by valuable and differentiated offerings. There is already some evidence that the market is taking notice. During the sideways market in 2024, Zircuit maintained a TVL of ~$1.5B to $2B. It shows the faith users put in Zircuit. Zircuit’s value proposition is also attractive for players such as financial institutions and RWA protocols, as they rely on minimising risk and avoiding transactions with compromised or malicious counterparties due to operating within regulatory boundaries and compliance requirements. As the ecosystem continues growing, it will be interesting to see more of these use cases emerge on Zircuit. Zircuit's unique approach to security provides lasting value by offering a zero-cost solution that continually forces bad actors to adapt, making exploits increasingly challenging. While short-term incentives may attract users temporarily, it's the robust, differentiated security model that will win in the long run. To build trust, Zircuit must prove its effectiveness by preventing a few significant hacks. Once it demonstrates this capability, developers will see the clear benefit of getting an additional line of defence at no cost, helping create a safer ecosystem for everyone. Thinking about sentient beings, Saurabh Deshpande Disclaimer - DCo members may have positions in assets mentioned in the article. No part of the article is financial or legal advice.
Zircuit Launches ZRC Token – Pioneering the Next Era of Decentralized Finance
November 21, 2024 – George Town, Grand Cayman Zircuit , the chain where innovation meets security, today announced its ZRC token launch on Monday, November 25, 2024 – a key step in building a thriving, decentralized ecosystem. ZRC serves as the foundation of Zircuit’s architecture, enabling participants to receive additional rewards, participate in network app fair launches and drive its growth. As the ecosystem’s cornerstone, ZRC aligns incentives across developers and users, fostering active collaboration and innovation. The ZRC launch follows a series of notable achievements for Zircuit – including the successful rollout of mainnet, a $2 billion TVL (total value locked) ecosystem, the groundbreaking EIGEN fairdrop with over 190,000 participants, the liquidity hub launch and strategic investment from Binance Labs , Pantera and other strategic partners. Together, these milestones underscore Zircuit’s position as a leader in DeFi (decentralized finance) and staking. Martin Derka, co-founder of Zircuit, said, “The ZRC token is more than a milestone – it’s a gateway to the decentralized future we’ve been building at Zircuit. “By aligning incentives across our ecosystem, ZRC empowers developers and users to shape the network collaboratively.” Designed with transparency and accessibility in mind, the ZRC token launch ensures participants can seamlessly engage with staking partners through season one to three of Zircuit’s ecosystem. This includes staking through the liquidity hub, offering the potential to earn rewards. Zircuit protects users from hacks through its built-in, automated AI techniques that guard users against smart contract exploits and malicious actors. This system automatically guards against smart contract exploits and malicious actors, making Zircuit one of the safest blockchain platforms available. As the safest chain for DeFi and staking, Zircuit is the premier liquidity hub for various assets, including ETH, BTC, LSTs and LRTs, while providing robust security guarantees. Zircuit’s strong infrastructure allows users to earn competitive yields natively, combining safety with attractive returns. Users can explore the ZRC token’s role in Zircuit’s ecosystem by engaging with staking and reward opportunities through the liquidity hub . For more information, users can visit the website and follow Zircuit on X . About Zircuit Zircuit – where innovation meets security, designed for everyone. Zircuit offers developers powerful features while giving users peace of mind. Designed by a team of Web 3.0 security veterans and PhDs, Zircuit combines high performance with unmatched security. Experience the safest chain for DeFi and staking. To learn more about Zircuit, visit the website and follow us on X . Contact Jennifer Zheng , head of communications at Zircuit
Devcon 2024 kicks off: Top events and parties to check out in Bangkok
Web3 engagement platform Belong is organizing a scavenger hunt to complement the excitement and hype surrounding Devcon Week in Bangkok. Anticipation is electric among Web3 and blockchain enthusiasts as Devcon, “the Ethereum conference for developers, thinkers and makers,” is set to kick off. Held from Nov. 12 to 15, Devcon Southeast Asia 2024 promises to be a milestone for blockchain, Web3 and artificial intelligence, drawing global developers, innovators and enthusiasts to the vibrant and dynamic backdrop of Bangkok, Thailand. Alongside Devcon’s packed schedule, attendees will find no shortage of networking events, parties and exclusive gatherings throughout the city. To help navigate the 740+ events taking place, Cointelegraph Accelerator participant Belong has crafted a curated guide to the most anticipated events of Devcon Week. From building connections to enjoying the energy, this guide aims to help visitors make the most of their Devcon experience. Scavenger Hunt to add a fun twist to networking At the heart of this guide is a unique Scavenger Hunt designed to enhance the experience and interaction for attendees. The Bangkok Tech & Crypto Week Scavenger Hunt, powered by gasless non-fungible tokens (NFTs) from Belong , invites participants to explore the city and collect digital keepsakes along the way. Participants can gather exclusive NFTs by attending key partner events, scanning QR codes at select locations and completing a full collection for a special prize reveal. The Hunt is simple: tap your phone or scan the QR code found on the NFC stations set up at various events. Scanning these with a smartphone camera opens the Belong app (or a browser option) on which participants can instantly claim gasless NFTs. Downloading the Belong app offers visitors access to the map of all events and claims based on geolocation. The NFTs accumulate as attendees explore more events, and those who collect all items will unlock a secret prize, along with an additional token airdrop from Belong. It’s an interactive way to engage with Bangkok’s blockchain community and make memories through digital collectibles . Belong’s top picks for Devcon 2024 Here’s a glimpse of Belong’s top picks for networking events and parties for attendees to check out. Check out this blog post to get the full list of top events to look out for during Devcon Week. Events from Nov. 10 Welcome To Bangkok Events from Nov. 11 All Time High Rooftop Party Azuki x Arbitrum sub0 closing party with OpenGuild CypheRave Chain Fusion Tribe Night Web3 Social x AI Immersion Events from Nov. 12 Rooftop Drinks and Hors d’oeuvres with Wormhole Open #AI Launch Party - RSS3 Novembull Party - Blum, Trust Wallet, Impossible Finance, DOGS Serotonin Full Moon Festival DeAI: The After Party Boys Night Out Bangkok with Space and Time & Harpie Events from Nov. 13 Agents Unleashed Bangkok The Best Event. DevCon BKK with TBV and BitcoinOS Builder Nights Bangkok - Presented by MetaMask, Linea, Safe, 1inch and Web3auth Events from Nov. 14 Ready Player Party rAIve the Night in Bangkok Zircuit x API3 Present Zircuit Tribe Degen Night at MUIN KOL Gathering: Bangkok Edition These events promise a blend of learning, networking and unforgettable moments, providing a perfect balance of professional engagement and social connection. Multi-platform Web3 engagement Belong’s multi-platform Web3 service is tailored to enhance user engagement , making event discovery and participation seamless. With a user-friendly setup on iOS, Android and the web, Belong simplifies the process for Devcon attendees. Users can log in with familiar platforms like Google or Apple, creating a non-custodial wallet without the usual setup complexities. Plus, the gasless NFT model ensures that users can claim collectibles easily without incurring additional fees. As Devcon 2024 unfolds, Belong’s guide offers a streamlined way to experience the conference’s vibrant social landscape. Learn more about Belong and check out the scavenger hunt Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.
Celebrating the Success of Zircuit’s ZRC EigenLayer Fairdrop
George Town, Grand Cayman, November 8th, 2024, Chainwire Zircuit , the chain where innovation meets security, is thrilled to announce the success of its EIGEN Fairdrop initiative. With a first-of-its-kind distribution of 2% of ZRC tokens to eligible EIGEN holders, Zircuit has introduced a model of fairness and inclusivity in the Ethereum staking ecosystem, underscoring a commitment to decentralization and community empowerment. The EIGEN Fairdrop, an industry first, provided equal shares to over 190,000 eligible EIGEN holders and moved away from traditional distribution models that often favor larger stakeholders. Within just the first week, over 51,000 users claimed their ZRC and this fair and community-first approach has garnered widespread appreciation across the crypto space. The Fairdrop includes a wide range of contributors to the EigenLayer ecosystem, extending beyond EIGEN stakers to support Uniswap liquidity providers, EtherFi eEIGEN holders, and Renzo ezEIGEN holders. Sreeram Kannan, Founder of EigenLayer, praised Zircuit’s approach, saying, “Thrilled to see Zircuit introducing the first Fairdrop for EIGEN holders with 2% of their ZRC tokens. This is an amazing community-first approach, embodying fairness in the EigenLayer ecosystem, with everyone receiving the same amount.” The Fairdrop, an industry milestone, supports Zircuit’s vision of an inclusive Ethereum ecosystem and strengthens the EigenLayer network by recognizing all contributors. The initiative’s snapshot, taken on October 8, 2024, at Ethereum Block #20919999, included wallets with a minimum of 3 EIGEN tokens while excluding core EigenLayer team members and investors, keeping the focus on the community. Zircuit protects users from hacks through its built-in, automated AI techniques that guard against smart contract exploits and malicious actors. Bolstered by its strong security infrastructure, Zircuit is the central hub for restaked assets featuring unparalleled security and allowing users to potentially earn industry-leading yields natively. With $1.8 billion in Total Value Locked (TVL), Zircuit is the premier liquidity hub for restaked assets (ETH, BTC, LSTs, and LRTs) where users can receive stronger security guarantees and trust. During Mainnet, users can bridge their assets and start staking to potentially earn rewards and airdrops from the Zircuit ecosystem at the Liquidity Hub . To learn more about Zircuit, users can visit zircuit.com or read the developer docs at docs.zircuit.com About Zircuit Zircuit provides developers with advanced features and users with peace of mind. Built by a team of web3 security experts and PhDs, Zircuit merges high performance with unparalleled security, making it the safest choice for DeFi and staking. Users can visit zircuit.com or follow us on Twitter/X @ZircuitL2 . Contact Jennifer Zircuit jen@zircuit.com
Zircuit (ZRC): A Layer 2 for Secure Blockchain Transactions
What is Zircuit (ZRC)? Zircuit (ZRC) is a EVM-compatible zero-knowledge rollup that aims to provide a faster and more secure way to process blockchain transactions. By using zero-knowledge proofs, Zircuit enhances privacy and security, ensuring that users' information remains confidential while still allowing for transparent and verifiable transactions. Who Created Zircuit (ZRC)? The specific individuals behind Zircuit are not publicly known What VCs Back Zircuit (ZRC)? Zircuit has garnered significant support from several prominent venture capital firms in the blockchain space. These include Binance Labs, Pantera Capital, Dragonfly Capital, Maelstrom, Mirana Ventures, and Nomad Capital. How Zircuit (ZRC) Works Zircuit’s architecture is designed to improve the performance and security of blockchain transactions through a combination of several key components: 1. Hybrid Architecture Zircuit employs a hybrid architecture that combines rollup infrastructure with zero-knowledge proofs. This design allows Zircuit to efficiently process transactions while maintaining high levels of security and privacy. ● Rollup Infrastructure: In a rollup, transactions are processed off the main blockchain. This reduces the load on the main chain, making it faster and cheaper for users to conduct transactions. By batching transactions, Zircuit can lower the overall transaction costs. ● Zero-knowledge Proofs: This cryptographic technique allows Zircuit to validate transactions without revealing the actual data. For instance, a user can prove they have enough funds to complete a transaction without disclosing the exact amount they hold. This enhances user privacy and reduces the risk of data breaches. 2. Sequencers, Provers, and Smart Contracts Zircuit’s system consists of three main components: sequencers, provers, and smart contracts. ● Sequencers: These are the nodes that manage the order of transactions in the rollup. They collect and bundle multiple transactions, ensuring they are processed efficiently. Sequencers play a crucial role in maintaining the overall performance of the network. ● Provers: Provers are responsible for generating zero-knowledge proofs. When a sequencer bundles transactions, provers create a proof that verifies the validity of those transactions. This proof is then submitted to the main blockchain, allowing the transactions to be recorded without revealing sensitive data. ● Smart Contracts: Zircuit utilizes smart contracts to automate processes and ensure that transactions are executed according to predetermined rules. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. This minimizes the need for intermediaries and enhances the efficiency of transactions. 3. Transaction Processing Transactions in Zircuit can originate from either Layer 1 (the main blockchain) or Layer 2 (the rollup). Here’s how the process works: Step 1 - Initiating a Transaction: A user can initiate a transaction from their wallet, whether it involves sending tokens or interacting with a decentralized application (dApp). Step 2 - Transaction Collection: The sequencer collects these transactions and prepares to bundle them together. Step 3 - Zero-knowledge Proof Generation: As transactions are bundled, provers create zero-knowledge proofs to validate the legitimacy of each transaction without revealing any sensitive information. Step 4 - Submission to Layer 1: Once the transactions are bundled and validated, they are submitted to the main blockchain for final confirmation. The zero-knowledge proof is included in this submission, providing evidence of the transaction's validity. Step 5 - Finalization: The main blockchain processes the bundled transactions, and once confirmed, the user’s transaction is complete. The result is a secure, efficient, and privacy-focused transaction process. 4. Security Measures Zircuit emphasizes security throughout its architecture. One key feature is the implementation of Sequencer Level Security (SLS). This protocol monitors the mempool (a collection of unconfirmed transactions) for any malicious activity. ● Malice Detection: SLS uses algorithms to identify potentially harmful transactions before they are included in a block. This proactive approach helps to prevent malicious activities from affecting the network. ● Quarantine and Release Procedures: If a transaction is flagged as suspicious, it can be quarantined, allowing for further investigation. Once determined to be safe, the transaction can be released for processing. This adds an additional layer of security to the network. ZRC Goes Live on Bitget Zircuit represents a significant advancement in blockchain technology by offering a solution that combines efficiency, security, and privacy. With its innovative use of zero-knowledge proofs and rollup architecture, Zircuit enhances the transaction process, making it more accessible and secure for users. If you are ready to be part of the next big thing in blockchain technology? Zircuit's native token, ZRC, is now available for trading on Bitget! ZRC is designed to empower users within the Zircuit ecosystem, enhancing security and efficiency for blockchain transactions. With its innovative technology and strong backing from top venture capital firms like Binance Labs and Pantera Capital, ZRC is positioned for significant growth. ZRC on Bitget Pre-Market ZRC is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it! Start time: 1 November, 2024, 14:00 (UTC) Bitget Pre-Market offers flexibility in trading activities with two settlement options: ● Coin settlement, which uses a 'cash on delivery' method where a security deposit is forfeited if the seller fails to deliver. ● USDT settlement, a new option where trades are settled in USDT at the average index price at the last minute. To use Bitget Pre-Market, follow these simple steps: ● Step 1: Go to the Bitget Pre-Market page. ● Step 2: ○ For Makers: ■ Choose the desired token and click on ‘Post Order’. ■ Specify Buy or Sell, enter price and quantity, review details, then confirm. ○ For Takers: ■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm. Get ZRC on Bitget Pre-Market now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
ZK Rollup Hybrid Architecture Rising Star: Analysis of Zircuit's Potential
I. Project introduction Zircuit is a zk Rollup project fully compatible with the Ethereum Virtual Machine (EVM), developed by a team that received research funding from the Ethereum Foundation. Zircuit has received support from well-known venture capitalists such as Pantera Capital and Dragonfly Capital, including investment from Binance Labs. Zircuit's core mission is to solve the existing performance and scalability issues of Ethereum, help transactions execute faster and more efficiently, and ensure the security of users' assets and data. Zircuit adopts a unique hybrid architecture that combines zero-knowledge proof (ZK) and optimistic infrastructure, giving it dual advantages in speed and security. Its architecture is divided into three parts: a sorter responsible for processing transactions to build L2 blocks, a proof generator that generates validity proofs for these blocks, and a smart contract that interacts with the L1 system. This design ensures efficient L2 transaction processing and support for L1 data availability. In addition, Zircuit's Sequencer Level Security (SLS) is its unique highlight, designed to monitor and prevent potential malicious transactions and attacks. SLS maintains efficient network performance and security through parallel and sequential hybrid detection mechanisms. II. Project highlights 1. Serializer-level security (SLS): By monitoring and detecting transactions, Zircuit's SLS can effectively identify and isolate malicious transactions, prevent hacker attacks, protect user assets, and ensure network stability. 2. Hybrid architecture ZK Rollup: Combining optimistic infrastructure and zero-knowledge proof technology, Zircuit achieves efficient consistency, eliminates the challenge period of withdrawal transactions, and makes the User Experience smoother. 3, EVM full compatibility: Zircuit supports seamless deployment of Ethereum applications, developers do not need to learn new programming languages or frameworks, can immediately use all existing tools and ecological resources on Ethereum. 4. Parallel and Aggregated Proof Generation: Zircuit improves the efficiency and speed of proof generation and reduces operating costs by decomposing on-chain data and processing it in parallel. Proof generated by each batch of L2 blocks can be verified on-chain, ensuring data security and integrity. III. Market value expectations Zircuit ($ZRC) is an innovative zk Rollup Layer 2 project that aims to solve the scalability and performance issues of Ethereum. It combines a hybrid design of zero-knowledge proof and optimistic architecture to provide users with an efficient and secure trading experience. Currently, the unit price of $ZRC is 0.07 dollars, and the total supply is 10 billion coins. To estimate the market value of the $ZRC token, which is consistent with the circulation market value of similar Ethereum expansion projects, the unit price of the token can be calculated as follows: Benchmark project type and market value expectations: Optimism ($OP) - Ethereum L2 Scaling Solution Optimism is an L2 solution that reduces transaction costs and time by using optimistic rollup technology, while maintaining the security advantages of the Ethereum mainnet. Token price: 1.4 dollars Market capitalization: $1,757,098,687.40 If the circulating market value of $ZRC is the same as $OP, the token unit price is about 0.176 dollars Increase: about 151.4% Arbitrum ($ARB) - Ethereum Layer 2 Scaling Solution Arbitrum provides fast and low-cost transactions through its efficient Rollup technology and is a major competitor in the Layer 2 field. Token price: 0.485 dollars Market capitalization: $1,930,619,002.258 If the circulating market value of $ZRC is the same as $ARB, the token unit price is about 0.193 dollars Increase: about 175.7% IV. Token Economics Zircuit (ZRC) is the native token of the Zircuit project, aiming to improve the efficiency and security of transactions within the Ethereum ecosystem. The total supply of ZRC is 10 billion coins, and the distribution is as follows: Airdrops and community rewards: 21% (7% for the first season airdrops, 14% reserved for future airdrops and community rewards) B. Community supply: 12.61% C. Ecosystem development: 17.93% D. Foundation: 18.7% E. Team: 18.74% F. Investors: 11.02% In August 2024, Zircuit launched the first phase of the mainnet and opened the first season of airdrops, with about 262,200 addresses eligible for collection. In addition, Zircuit has launched a Gas mining program, where users can receive 125% of the value of ZRC tokens for every 1 ETH of gas spent. As of November 4, 2024, the price of ZRC is approximately $0.1644 and can be traded on the Bitget pre-market. V. Team and financing The Zircuit team is led by co-founders Martin Derka, Jan Gozny, Angel X., and Dr. Z, and the technical team also includes Krishna Sriram and project director Joshua Tjokrosurjo. In terms of financing, Zircuit has received support from several well-known investment institutions, including Binance Labs, Pantera Capital, Dragonfly, Amber Group, Borderless Capital, Mirana Ventures, Selini Capital, etc. VI. Risk Warning 1. Zircuit adopts a hybrid architecture that combines zero-knowledge proof (ZK) with optimistic infrastructure. Although this design aims to improve performance and security, its complexity may cause technical challenges and affect the stability and security of the system. The competition in the Layer 2 solution field is fierce, and other projects such as Arbitrum and Optimism have already taken market share. Zircuit needs to continue to innovate in technology, performance, and ecosystem construction to maintain competitiveness. VII. Official link Website ： https://www.zircuit.com/ Twitter： https://x.com/ZircuitL2 Discord： https://discord.com/invite/zircuit
Zircuit (ZRC) Will Go on Bitget Pre-Market Today at 22:00
On November 1, Bitget announced that it will launch Zircuit (ZRC) on the pre-market at 22:00 today. Start time: November 1, 22:00 (UTC +8) End time: TBD Spot trading time: TBD Settlement time: TBD Pre-market pairs: ZRC/USDT
Bitget pre-market trading:Zircuit (ZRC) is set to launch soon
We're thrilled to announce that Bitget will launch Zircuit (ZRC) in pre-market trading. Users can trade ZRC in advance, before it becomes available for spot trading. Details are as follows: Start time: 1 November, 2024, 14:00 (UTC) End time: 25 November 2024, 09:30 (UTC) Spot Trading time: 25 November 2024, 10:00 (UTC) Delivery time: 25 November 2024, 14:00 (UTC) Pre-market trading link: ZRC/USDT Bitget Pre-Market Introduction Delivery method: Coin settlement, USDT settlement Coin settlement Coin settlement: Utilizes a "cash on delivery" method. If the seller fails to deliver the required coins, the security deposit will be forfeited as compensation for the breach of contract. USDT settlement USDT settlement: A new option for pre-market trades. This is the second settlement option offered by Bitget for pre-market trades. Orders are settled at the average index price at the last minute as the delivery execution price. The losing party will pay the difference to the winning party. Both parties can lose or gain up to 100% of the security deposit, excluding transaction fees. Example: The user buys 10 tokens at 10 USDT (the filled order is called Order A) and sells 10 tokens at 15 USDT (the filled order is called Order B). At delivery time, the system calculates the delivery execution price based on the average index price from the last minute. Assuming the execution price is 5 USDT, the calculations are as follows: PnL of Order A = (5 – 10) × 10 = –50 USDT PnL of Order B = (15 – 5) × 10 = 100 USDT The total PnL for the user in pre-market trading is 50 USDT. For USDT settlement, orders are settled at the average index price from the last minute as the delivery execution price, determined by a weighted average of prices at leading exchanges to ensure fairness and transparency. Introduction Zircuit is a fully EVM-compatible, zero-knowledge rollup powered by the latest research in L2 technology. ZRC Total supply: 10,000,000,000 Website | X | Discord FAQ What is pre-market trading? Bitget pre-market trade is an over-the-counter trading platform specializing in providing a pre-traded marketplace for new coins before their official listing. It facilitates peer-to-peer trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. What are the advantages of Bitget pre-market trading? Investors often have expectations regarding the price of a new coin before spot trading becomes available. However, they may be unable to purchase the coin at their preferred price and secure liquidity in advance due to lack of access. In response to this, Bitget pre-market trading offers an over-the-counter (OTC) platform where buyers and sellers can establish orders in advance to execute trades as desired and complete delivery later. In this scenario, sellers are not required to own any new coins; instead, they only need to obtain sufficient new coins for delivery before the designated delivery time. How are pre-market trades deliveries completed? The system will pre-freeze the funds required for the current order between the buyer and seller as a transaction guarantee. Prior to the delivery time, the seller must ensure that their spot account holds the required amount of new tokens; otherwise, the transaction will be canceled. Similarly, the system will unfreeze the buyer's funds and compensate the buyer with the seller's frozen margin. Once the delivery is completed, the corresponding quantity of tokens will be transferred to the buyer's spot account, and the buyer's frozen funds will be transferred to the seller's spot account after deducting the transaction fee. Note: (1) Upon reaching the delivery time, the system will execute the delivery according to the transaction time in sequence, which is expected to be completed within one hour. The seller should refrain from any transactions involving the delivery currency funds within 30 minutes after delivery initiation to mitigate the risk of delivery failure due to insufficient funds. (2) If you have both buy and sell orders, ensure that your spot account holds the required quantity of the sell order currency at the time of delivery. Orders with insufficient balance will be processed using the "compensate with margin" approach. How can I make a pre-market trade as a seller? As a seller, you are required to use the USDT in your spot account to pay the margin. You can list your new tokens on the order market at your preferred price via Post Order, or you can find a suitable buy order on the order market and sell it to the buyer at the buyer's asking price. Once the order is filled, you just need to wait for the delivery. How can I make a pre-market trade as a buyer? As a buyer, you are required to use USDT from your spot account to pay for the trade. Using the Place Order function, set the quantity of coins you want to buy at your preferred price and list the maker order in the order market. Bitget will then lock the funds for the purchase and handle any related fees. Alternatively, you can directly select a sell order from the marketplace and buy the coins at the seller's designated price. Once the order is filled, simply await delivery. Do I have to fill the entire maker sell/buy order at once in pre-market trading? No, the platform allows you to trade any quantity of coins as long as it meets the minimum transaction limit. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. 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Zircuit Fairdrop is now open to Eigenlayer holders and stakers
On November 1, EVM-compatible ZK Rollup Zircuit tweeted that the Zircuit Fairdrop is now open to Eigenlayer holders and stakers. This event will allocate 2% of the total supply of ZRC tokens, and all eligible wallet addresses will receive the same reward (regardless of the staked amount). In addition, the official said that ZRC tokens will be airdropped to EIGEN holders on the trading platform in the future.
Zircuit Launches EIGEN Fairdrop, Aiming to Create a Fair and Inclusive Ethereum Staking Rewards Model
GEORGE TOWN, GRAND CAYMAN – Zircuit , the chain where innovation meets security, today announced the EIGEN Fairdrop initiative, designed to bring greater fairness and accessibility to Ethereum staking rewards. With this initiative, Zircuit seeks to recognize the contributions of all EigenLayer participants, regardless of stake size, and support a vision for a secure, decentralized future. The Zircuit Fairdrop is an industry first, intending to provide equal shares to all eligible EIGEN holders, offering a more inclusive approach to reward distribution. By moving away from traditional methods that often favor larger stakeholders, Zircuit hopes to contribute to a broader conversation on fairness in the Ethereum community. "The EIGEN Fairdrop is just the beginning of a more community-driven vision. We see a future where Ethereum staking is driven by an inclusive approach that equally supports all levels of contribution. We’re excited to take this first step toward making that vision a reality." stated Martin Derka, co-founder of Zircuit. EigenLayer plays a significant role in advancing Ethereum’s restaking capabilities, helping extend the network’s security across new areas of decentralized finance and web3. The Fairdrop recognizes and rewards the value of these contributions, aiming to support a community that bolsters Ethereum’s security model. Through this initiative, Zircuit hopes to build on EigenLayer’s contributions, adding security and resilience to the Ethereum ecosystem. More than 190,000 eligible participants are invited to claim their rewards by visiting Zircuit’s Fairdrop page and verifying their eligibility. On October 8, 2024, Zircuit captured a snapshot of Ethereum Block #20919999, and all wallets with at least 3 EIGEN tokens at that time eligible for this milestone airdrop. Zircuit protects users from hacks through its built-in, automated AI techniques that guard users against smart contract exploits and malicious actors. Bolstered by its strong security infrastructure, Zircuit is the central hub for restaked assets featuring unparalleled security and allowing users to earn industry-leading yields natively. Zircuit is the premier liquidity hub for restaked assets (ETH, BTC, LSTs, and LRTs) where users enjoy stronger security guarantees and trust. During Mainnet, users can bridge their assets and start staking to earn rewards and airdrops from the Zircuit ecosystem at the Liquidity Hub . To learn more about Zircuit, visit zircuit.com or read the developer docs at docs.zircuit.com About Zircuit Zircuit: Where innovation meets security, designed for everyone. Zircuit offers developers powerful features while giving users peace of mind. Designed by a team of web3 security veterans and PhDs, Zircuit combines high performance with unmatched security. Experience the safest chain for DeFi and staking. To learn more about Zircuit, visit zircuit.com , and follow us on Twitter/X @ZircuitL2 This post is commissioned by Zircuit and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.
CATIZEN: Pledging CATI and game assets can earn 8.3 million ZRC rewards
From October 28 to November 4, players can deposit CATI tokens and cat game assets of level 300 or above into the ZRC reward pool in CATIZEN BOT, participating in a seven-day staking event. The CATI token pool accounts for 85% of the total rewards, with the remaining 15% distributed to those who stake cat assets. Rewards are settled every hour, with up to $1.5 million worth of ZRC rewards available.
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