ZK Rollup Hybrid Architecture Rising Star: Analysis of Zircuit's Potential

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远山洞见2024/11/04 08:24

By:远山洞见

I. Project introduction

Zircuit is a zk Rollup project fully compatible with the Ethereum Virtual Machine (EVM), developed by a team that received research funding from the Ethereum Foundation. Zircuit has received support from well-known venture capitalists such as Pantera Capital and Dragonfly Capital, including investment from inance Labs. Zircuit's core mission is to solve the existing performance and scalability issues of Ethereum, help transactions execute faster and more efficiently, and ensure the security of users' assets and data.

Zircuit adopts a unique hybrid architecture that combines zero-knowledge proof (ZK) and optimistic infrastructure, giving it dual advantages in speed and security. Its architecture is divided into three parts: a sorter responsible for processing transactions to build L2 blocks, a proof generator that generates validity proofs for these blocks, and a smart contract that interacts with the L1 system. This design ensures efficient L2 transaction processing and support for L1 data availability.

In addition, Zircuit's Sequencer Level Security (SLS) is its unique highlight, designed to monitor and prevent potential malicious transactions and attacks. SLS maintains efficient network performance and security through parallel and sequential hybrid detection mechanisms.

II. Project highlights

1. Serializer-level security (SLS): By monitoring and detecting transactions, Zircuit's SLS can effectively identify and isolate malicious transactions, prevent hacker attacks, protect user assets, and ensure network stability.

2. Hybrid architecture ZK Rollup: Combining optimistic infrastructure and zero-knowledge proof technology, Zircuit achieves efficient consistency, eliminates the challenge period of withdrawal transactions, and makes the User Experience smoother.

3, EVM full compatibility: Zircuit supports seamless deployment of Ethereum applications, developers do not need to learn new programming languages or frameworks, can immediately use all existing tools and ecological resources on Ethereum.

4. Parallel and Aggregated Proof Generation: Zircuit improves the efficiency and speed of proof generation and reduces operating costs by decomposing on-chain data and processing it in parallel. Proof generated by each batch of L2 blocks can be verified on-chain, ensuring data security and integrity.

III. Market value expectations

Zircuit ($ZRC) is an innovative zk Rollup Layer 2 project that aims to solve the scalability and performance issues of Ethereum. It combines a hybrid design of zero-knowledge proof and optimistic architecture to provide users with an efficient and secure trading experience. Currently, the unit price of $ZRC is 0.07 dollars, and the total supply is 10 billion coins.

To estimate the market value of the $ZRC token, which is consistent with the circulation market value of similar Ethereum expansion projects, the unit price of the token can be calculated as follows:

Benchmark project type and market value expectations:

Optimism ($OP) - Ethereum L2 Scaling Solution

Optimism is an L2 solution that reduces transaction costs and time by using optimistic rollup technology, while maintaining the security advantages of the Ethereum mainnet.

Token price: 1.4 dollars

Market capitalization: $1,757,098,687.40

If the circulating market value of $ZRC is the same as $OP, the token unit price is about 0.176 dollars

Increase: about 151.4%

Arbitrum ($ARB) - Ethereum Layer 2 Scaling Solution

Arbitrum provides fast and low-cost transactions through its efficient Rollup technology and is a major competitor in the Layer 2 field.

Token price: 0.485 dollars

Market capitalization: $1,930,619,002.258

If the circulating market value of $ZRC is the same as $ARB, the token unit price is about 0.193 dollars

Increase: about 175.7%

IV. Token Economics

Zircuit (ZRC) is the native token of the Zircuit project, aiming to improve the efficiency and security of transactions within the Ethereum ecosystem. The total supply of ZRC is 10 billion coins, and the distribution is as follows:

Airdrops and community rewards: 21% (7% for the first season airdrops, 14% reserved for future airdrops and community rewards)

B. Community supply: 12.61%

C. Ecosystem development: 17.93%

D. Foundation: 18.7%

E. Team: 18.74%

F. Investors: 11.02%

In August 2024, Zircuit launched the first phase of the mainnet and opened the first season of airdrops, with about 262,200 addresses eligible for collection.

In addition, Zircuit has launched a Gas mining program, where users can receive 125% of the value of ZRC tokens for every 1 ETH of gas spent. As of November 4, 2024, the price of ZRC is approximately $0.1644 and can be traded on the Bitget pre-market.

V. Team and financing

The Zircuit team is led by co-founders Martin Derka, Jan Gozny, Angel X., and Dr. Z, and the technical team also includes Krishna Sriram and project director Joshua Tjokrosurjo.

In terms of financing, Zircuit has received support from several well-known investment institutions, including Binance Labs, Pantera Capital, Dragonfly, Amber Group, Borderless Capital, Mirana Ventures, Selini Capital, etc.

VI. Risk Warning

1. Zircuit adopts a hybrid architecture that combines zero-knowledge proof (ZK) with optimistic infrastructure. Although this design aims to improve performance and security, its complexity may cause technical challenges and affect the stability and security of the system.

The competition in the Layer 2 solution field is fierce, and other projects such as Arbitrum and Optimism have already taken market share. Zircuit needs to continue to innovate in technology, performance, and ecosystem construction to maintain competitiveness.

VII. Official link

Website ： https://www.zircuit.com/

Twitter： https://x.com/ZircuitL2

Discord： https://discord.com/invite/zircuit

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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