Binance Labs, the venture capital arm of Binance, has made a strategic investment in Zirsheet, a layer 2 network. Zircircuit integrates zero-knowledge rollup and artificial intelligence (AI) to enhance security and aims to protect users from smart contract vulnerabilities and malicious threats.
However, Binance Labs did not disclose the investment amount and other investment conditions.
Cryptocurrency community anticipates Zircircuit airdrop
ZirCircuit’s architecture integrates existing rollup frameworks and zero-knowledge proofs. The result is claimed to be a high-speed, low-cost solution that is fully compatible with the Ethereum Virtual Machine (EVM).
“By incorporating sequencer-level security, Zircircuit is providing a more secure L2 solution, and we look forward to its future growth and development,” said Heo Lee, Head of Binance Labs.
Read more: A Beginner's Guide to Layer 2 Scaling Solutions
In fact, cryptocurrency hackers mainly focus their attacks on the Ethereum blockchain . According to Immunefi's report , the most frequently attacked networks during May 2024 were Ethereum and BNB chains , accounting for 62% of total financial losses. Ethereum experienced nine security breaches, accounting for 43% of the total damage suffered across the entire network.
“We are innovating on a deep technical foundation and making Ethereum more secure for the next billion users,” said Dr. Martin Derka, co-founder of Zircuit.
Jirsit, which is preparing to launch its mainnet this summer, has over $3.3 billion in staking assets. The “Build to Earn” program had more than 1,100 participants.
Therefore, the community is excited in anticipation of offering airdrops as a reward to early adopters after the mainnet launch.
“ZirCircuit could be the next large-scale airdrop. Although it is still unknown to most people, crypto whales are (quietly) farming Pendle, Fluid, and other protocols,” says DeFi researcher Ignas.
Additionally, Binance has updated its trading operations. After routine evaluation, several trading pairs including Alpaca/BTC and Quick/BTC were delisted due to low liquidity and trading volume.
This change, effective from 03:00 UTC on June 14, 2024, is intended to maintain a high-quality trading market. Despite the delisting , users can still trade the underlying assets of that pair and the quoted assets of other pairs on Binance.
Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?
Additionally, Binance has completed the integration of Curve (CRV ) on the Arbitrum One and Optimism networks . CRV can now be deposited and withdrawn, which is expected to increase liquidity and user participation on the network.
Trusted
The information contained on the BeInCrypto website is published in good faith and for informational purposes only. Users are solely responsible for any consequences arising from their use of information on the website.
In addition, some contents are AI-translated English versions of BeInCrypto articles.
