Assets, Ethereum

What Is Aztec Ethereum?

Aztec is a privacy protocol that enables private transfers on the Ethereum blockchain. The protocol uses zero-knowledge proofs to allow users to hide the amount, sender, and recipient of their transaction from the public while still remaining compliant with Ethereum’s smart contract language.

Aztec was founded in 2018 by Zac Manchester, a former engineer at Google and early investor in Ethereum. The protocol is currently in beta and is being tested by a number of companies including JPMorgan, Microsoft, and Samsung.

The Aztec protocol is based on Zcash’s zk-SNARKs technology. zk-SNARKs are a form of zero-knowledge proof that allows one party to prove to another party that they know a certain piece of information without revealing what that information is.

Aztec uses zk-SNARKs to create “private” versions of ERC20 tokens. These private tokens can be transferred between users without revealing the amount or identities of the sender or recipient.

NOTE: WARNING: Aztec Ethereum is a cryptocurrency which has been associated with fraudulent activities and scams. It is not affiliated with Ethereum, nor is it endorsed by any official institution. Investing in Aztec Ethereum could be highly risky, and could result in the loss of your entire investment. Therefore, we highly recommend that you thoroughly research this cryptocurrency and all related activities before making any decisions to invest.

Because the Aztec protocol is built on top of Ethereum, it is compatible with all Ethereum wallets and applications.

The Aztec protocol is still in beta and has not yet been audited by a third party. However, the team behind Aztec is working on making the protocol production-ready and plans to launch it on mainnet in 2019.

Aztec’s privacy protocol has the potential to change the way we use blockchain technology. By enabling private transfers of value, Aztec could make Ethereum an even more attractive platform for financial applications.

In addition, the protocol’s compatibility with existing Ethereum wallets and applications makes it easy for users to adopt.

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