Aztec is working to bring real privacy to the world of DeFi, using Ethereum-based zero-knowledge rollups that compress data to keep transactions private. With Aztec, users can interact with popular DeFi apps without broadcasting their activity to the whole blockchain (offering a rare bit of discretion in a space that's usually wide open).
There’s been a lot of discussion about Crypto privacy of late. Supporters deem it essential, while sceptics suggest that malicious actors might abuse their privacy. Indeed, Aztec has had to recently overcome some difficulty when popular exchange FTX blocked accounts that were linked to the protocol.
However, if cryptocurrencies are to become mainstream – and maintain their safety – it seems that better privacy will be required, which puts Aztec in a good position to become an important player in the industry. And funding raised in 2024 will definitely help the company in achieving its lofty aims.
Freddie
Company Specialist at Welcome to the Jungle