To know where we’re going, you must understand where we’ve been.
Aztec started in 2017 with CreditMint- an onchain debt platform.
But no one would trust public blockchains without privacy guarantees.
That insight led @Zac_Aztec, @jaosef, @_ArnaudS_, & @tomwalpo to found Aztec.
In 2019, Aztec created PLONK- a SNARK-based proving system.
PLONK has been implemented by @zksync, @0xPolygon, @MinaProtocol, & others.
It inspired an entire category of proving systems called PLONKish, and was instrumental in paving the way for zkmoney & Aztec Connect.
Between 2021–2023, Aztec operated zkmoney and Aztec Connect- proving demand for onchain privacy & private networks powered by PLONK.
Full decentralization wasn't possible, so both were sunset.
@NoirLang was born - a Rust-like, general-purpose DSL for privacy-preserving apps.
Today, Aztec is building a fully private, decentralized L2 on Ethereum - unlocking new use cases like private lending, games with information asymmetry, social apps, & more.
Because privacy isn’t a feature, it’s the foundation.
Make sure your notifications are on this week 👀
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3/ Join Aztec’s ‘Road to Mainnet’ X Space this Thursday at 9AM PST.
Listen to both our cofounders, @Zac_Aztec and @jaosef while they dive deeper into the product roadmap and Aztec’s road to mainnet in a conversation hosted by our CMO @clairekart.
How can blockchains, privacy, and verifiability disrupt, heal, expand, and modify the world around us, addressing its problems, weaknesses, points of failure, and fragilities?
We came up with 47 use cases and 75 examples! Let's review some of them👇🧵
We start with more widely known examples and then jump to those less intuitive and obvious.
Example 1: Programmable identity
Today, when someone needs to confirm their identity, age, citizenship, or residential address, they provide a passport, ID, or other formal documents.
With zero-knowledge proofs, one can manage all their documents client-side and provide proofs of specific properties upon request, without requiring documents.
One should note that for this use case we strictly need privacy-preserving composable blockchain (e.g. Aztec).
Ethereum is, at its heart, a state machine. It takes a starting state, ingests transactions (sequenced into blocks), and transitions state deterministically.
Aztec takes the original promise of a global state machine and extends it to private state.
In February of this year, His Majesty’s Treasury (HMT) published a consultation and call for evidence for the regulation of cryptoassets.
We're excited to share our response on how the UK can create a progressive regulatory regime tailored to DeFi's unique benefits to consumers:
It's crucial to recognize the differences between centralized finance, decentralized financial protocols, and decentralized apps.
The UK's current "same risk, same outcome" approach could lump them all together, stifling innovation.
While we support proportionate regulation, we urge the government to think from first principles rather than regulating by analogy to traditional financial systems.