Aztec Network (AZTEC)

Aztec Network is a privacy-first Layer 2 on Ethereum that uses zk-rollups to enable programmable, composable privacy for digital money and smart contracts. By combining private and public states and execution, it empowers users and developers to build applications with selective data disclosure, private transactions, and compliant on-chain privacy. 

Aztec Crypto Network operates with the help of the following stack:

• Private Execution Environment (PXE): A client-side TypeScript library for Aztec that simulates and proves private transactions, manages secrets and accounts, syncs network state, and provides secure authorization and contract/oracle handling, keeping all private data local;
   
• ACIR Simulator: A core Aztec component that simulates smart contract function execution by generating witnesses, public inputs, and state changes for accurate transaction processing;
   
• Circuits: A core part of Aztec that encodes protocol and contract rules into zk-SNARKs, enabling private state, private functions, and secure transaction validation beyond what Ethereum natively supports.

Get more info on the technologies used by the project in their docs.

🪙 Aztec Network Token: $AZTEC is the native token of the network that is used for staking, governance and as a means of payment for transaction fees on the network. 

In addition to that, starting from May 1st, it runs the Testnet Campaign, allowing users to interact with projects from the Aztec ecosystem on the test network, thus qualifying for the potentially upcoming Aztec Network airdrop.
 

Considering the strong Aztec Network fundraising followed by an ongoing Aztec Testnet, our team has completely analyzed the project, revealing reasonable pros and cons:
 

✅ Aztec Network pros:

• Very high SEO score;
• High PR and Growth Marketing;
• Above-average SMM and Marketing Infrastructure score;
• Strong backers (ConsenSys, Paradigm, HashKey Capital, and others);
• Decent ecosystem of partners (a16z crypto and others);
• CMO has work experience in a top-tier company (Ripple).
   

❌ Aztec Network cons:
 

• Below-average Influencer Marketing performance;
• High FDV ($302M);
• No info on Inital MC;
• The CEO and other C-level team members don’t have work experience in top-tier companies;
• No Security Audits.