RATE Group | Aztec Protocol Launches on Mainnet
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Aztec Protocol Launches on Mainnet

03 Feb Aztec Protocol Launches on Mainnet

Posted at 12:50h in Ethereum News by

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The Aztec privacy network has officially launched on the Ethereum blockchain on Feb. 1. Using Zcash-based technology, it introduces confidential tokens where all amounts are cryptographically hidden.

The network is currently in limited deployment as it only supports zkDai, a private version of Maker’s stablecoin. Other zero knowledge tokens are set to be released in the coming weeks, while full access to custom token creation will be granted in two months, the company says.

The Aztec protocol, just like Zcash (ZEC), uses Zk-SNARKs to validate encrypted transactions. When generating a transfer, a proof of correctness is generated as the amount gets encrypted. 

The system hinges on Aztec’s Cryptography Engine smart contract, which can be used to validate the transactions. The contract is based on a system of “notes,” which are generally used in a Bitcoin-like structure of inputs and outputs. Unlike Zcash, however, Aztec currently does not hide the money’s sender and…

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