3 years ago

Aztec Network Secures $100M to Encrypt Ethereum and Enhance Blockchain Privacy

  • London-based crypto-security startup Aztec Network has raised $100 million in a Series B funding round led by Andreessen Horowitz's blockchain investment arm, a16z crypto

  • Aztec Network focuses on providing encryption to the Ethereum blockchain network, enhancing privacy and security for users

  • The funding will primarily support team expansion, particularly in engineering, as Aztec Network aims to further develop its encrypted network.

      • ProblemTechnology

      "Currently, transactions on the Ethereum blockchain are public, exposing users' private information and making the use of cryptoassets unsustainable."

      Solution

      "Aztec Network provides encryption to the Ethereum blockchain, making transactions private and protecting users' information. This allows for the development of a more secure and sustainable decentralized financial system."

      Covered on