Key Takeaways
- The Aztec Workforce launched its first decentralized L2 on Ethereum mainet right now.
- The launch is important because it introduces privateness to the Ethereum community by leveraging zero-knowledge protocols.
- The validator community of the protocol at present has over 120 nodes and greater than 500 validators unfold throughout the globe.
- The $AZTEC Token powering the community has a benign registration and early bidding on November 13 for contributors and Genesis individuals.
- The general public bidding will start on December 2 and conclude on December 6.
- The launch of the $AZTEC token and the ignition community marks a pivotal level for the undertaking.
The Aztec workforce launched its first decentralized L2 on Ethereum mainet right now. The ignition chain leverages zero-proof protocols to facilitate personal, safe, and scalable transactions on Ethereum. The Aztec Workforce had earlier begun registration and early bidding for the $AZTEC token prior to now week, on November 13.
Aztec Workforce Launches Personal L2 Protocol
The Azetec Workforce introduced the launch of a non-public L2 protocol. The launch submit on X learn.
“Aztec simply shipped the Ignition Chain, the primary absolutely decentralized L2 on Ethereum. This launches the decentralized consensus layer that powers the Aztec Community.”
The launch is important because it introduces privateness to the Ethereum community through the use of zero-knowledge protocols. The zero-knowledge protocol is a cryptographic methodology that helps you show one thing with out revealing the precise data, thus guaranteeing privateness. The crypto investor Ryan S Adams described the transfer as “zcash for Ethereum” in his submit on X. The launch additionally comes amid the hovering demand for privateness tokens. The validator community of the protocol at present has over 120 nodes and greater than 500 validators unfold throughout the globe. Earlier than the protocol launch, the Aztec began registering its native token $AZTEC in early November.
The $AZTEC Token Public Bidding To Start In Early December
The $AZTEC Token powering the community has a starting registration and early bidding on November 13 for contributors and Genesis individuals. The preliminary token distribution for early contributors is scheduled for December 1. The general public bidding will start on December 2 and conclude on December 6. Right here is the overview of the token.
$AZTEC Token Overview
| Complete provide | 10,350,000,000 tokens |
|---|---|
| Community | Ethereum Mainnet |
| Token Deal with | 0xA27EC0006e59f245217Ff08CD52A7E8b169E62D2 |
| Fee methodology | ETH |
| Sale format | Steady Clearing Public sale |
| Ground Worth | $350 million FDV |
| Staking requirement | 200,000 $AZTEC per sequencer |
The $AZTEC token can be utilized for staking, participation within the governance of the Aztec Community, and paying for transaction charges on the community. Based on the official website, despite the fact that anybody 18 years of age or older and capable of full all relevant sanctions and wallet-screening checks shall be eligible to take part within the token sale, the bids can solely be positioned in ETH on the Ethereum mainnet.
The launch of the $AZTEC token and the ignition community marks a pivotal level for the undertaking. The success of those launches shall be essential in figuring out the long-term potential of the community.
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