According to CoinDesk, Aztec, a privacy focused Layer-2 Rollup protocol, announced its online testing. The protocol uses protocol level encryption technology, allowing users to store privacy data in encrypted form on the blockchain. The project team stated that they have been committed to developing this product for over 8 years, taking this cutting-edge technology further to the mainnet. Co founder Zac Williamson stated that unlike conventional ZK Rollup, Aztec prioritizes privacy over scalability, and a single transaction requires more on chain resources. Previously, in 2022, Aztec Network completed a $100 million Series B financing, led by a16z.