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What is Zircuit (ZRC)?

Zircuit basic info

Name:Zircuit
Ticker:
Introduction:

What is Zircuit (ZRC)?

Zircuit (ZRC) is a EVM-compatible zero-knowledge rollup that aims to provide a faster and more secure way to process blockchain transactions. By using zero-knowledge proofs, Zircuit enhances privacy and security, ensuring that users' information remains confidential while still allowing for transparent and verifiable transactions.

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Who Created Zircuit (ZRC)?

The specific individuals behind Zircuit are not publicly known

What VCs Back Zircuit (ZRC)?

Zircuit has garnered significant support from several prominent venture capital firms in the blockchain space. These include Binance Labs, Pantera Capital, Dragonfly Capital, Maelstrom, Mirana Ventures, and Nomad Capital.

How Zircuit (ZRC) Works

Zircuit’s architecture is designed to improve the performance and security of blockchain transactions through a combination of several key components:

1. Hybrid Architecture

Zircuit employs a hybrid architecture that combines rollup infrastructure with zero-knowledge proofs. This design allows Zircuit to efficiently process transactions while maintaining high levels of security and privacy.

Rollup Infrastructure: In a rollup, transactions are processed off the main blockchain. This reduces the load on the main chain, making it faster and cheaper for users to conduct transactions. By batching transactions, Zircuit can lower the overall transaction costs.

Zero-knowledge Proofs: This cryptographic technique allows Zircuit to validate transactions without revealing the actual data. For instance, a user can prove they have enough funds to complete a transaction without disclosing the exact amount they hold. This enhances user privacy and reduces the risk of data breaches.

2. Sequencers, Provers, and Smart Contracts

Zircuit’s system consists of three main components: sequencers, provers, and smart contracts.

Sequencers: These are the nodes that manage the order of transactions in the rollup. They collect and bundle multiple transactions, ensuring they are processed efficiently. Sequencers play a crucial role in maintaining the overall performance of the network.

Provers: Provers are responsible for generating zero-knowledge proofs. When a sequencer bundles transactions, provers create a proof that verifies the validity of those transactions. This proof is then submitted to the main blockchain, allowing the transactions to be recorded without revealing sensitive data.

Smart Contracts: Zircuit utilizes smart contracts to automate processes and ensure that transactions are executed according to predetermined rules. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. This minimizes the need for intermediaries and enhances the efficiency of transactions.

3. Transaction Processing

Transactions in Zircuit can originate from either Layer 1 (the main blockchain) or Layer 2 (the rollup). Here’s how the process works:

Step 1 - Initiating a Transaction: A user can initiate a transaction from their wallet, whether it involves sending tokens or interacting with a decentralized application (dApp).

Step 2 - Transaction Collection: The sequencer collects these transactions and prepares to bundle them together.

Step 3 - Zero-knowledge Proof Generation: As transactions are bundled, provers create zero-knowledge proofs to validate the legitimacy of each transaction without revealing any sensitive information.

Step 4 - Submission to Layer 1: Once the transactions are bundled and validated, they are submitted to the main blockchain for final confirmation. The zero-knowledge proof is included in this submission, providing evidence of the transaction's validity.

Step 5 - Finalization: The main blockchain processes the bundled transactions, and once confirmed, the user’s transaction is complete. The result is a secure, efficient, and privacy-focused transaction process.

4. Security Measures

Zircuit emphasizes security throughout its architecture. One key feature is the implementation of Sequencer Level Security (SLS). This protocol monitors the mempool (a collection of unconfirmed transactions) for any malicious activity.

● Malice Detection: SLS uses algorithms to identify potentially harmful transactions before they are included in a block. This proactive approach helps to prevent malicious activities from affecting the network.

● Quarantine and Release Procedures: If a transaction is flagged as suspicious, it can be quarantined, allowing for further investigation. Once determined to be safe, the transaction can be released for processing. This adds an additional layer of security to the network.

ZRC Goes Live on Bitget

Zircuit represents a significant advancement in blockchain technology by offering a solution that combines efficiency, security, and privacy. With its innovative use of zero-knowledge proofs and rollup architecture, Zircuit enhances the transaction process, making it more accessible and secure for users.

If you are ready to be part of the next big thing in blockchain technology? Zircuit's native token, ZRC, is now available for trading on Bitget!

ZRC is designed to empower users within the Zircuit ecosystem, enhancing security and efficiency for blockchain transactions. With its innovative technology and strong backing from top venture capital firms like Binance Labs and Pantera Capital, ZRC is positioned for significant growth.

ZRC on Bitget Pre-Market

ZRC is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it!

Start time: 1 November, 2024, 14:00 (UTC)

Bitget Pre-Market offers flexibility in trading activities with two settlement options:

Coin settlement, which uses a 'cash on delivery' method where a security deposit is forfeited if the seller fails to deliver.

USDT settlement, a new option where trades are settled in USDT at the average index price at the last minute.

To use Bitget Pre-Market, follow these simple steps:

Step 1: Go to the Bitget Pre-Market page.

Step 2:

○ For Makers:

■ Choose the desired token and click on ‘Post Order’.

■ Specify Buy or Sell, enter price and quantity, review details, then confirm.

○ For Takers:

■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm.

Get ZRC on Bitget Pre-Market now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

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Current price:
All-time high:$0.1379
All-time low:$0.05729

ZRC supply and tokenomics

Circulating supply:1,491,598,700 ZRC
Total supply:10,000,000,000 ZRC
Max supply:0 ZRC
Market cap:$109.07M
Fully diluted market cap:$731.21M

Links

Buy Zircuit for $1Buy ZRC now

What is the development prospect and future value of ZRC?

The market value of ZRC currently stands at $109.07M, and its market ranking is #416. The value of ZRC is not widely recognized by the market. When the bull market comes, the market value of ZRC may have great growth potential.

As a new type of currency with innovative technology and unique use cases, ZRC has broad market potential and significant room for development. The distinctiveness and appeal of ZRC may attract the interest of specific groups, thereby driving up its market value.

What will the price of ZRC be in 2025?
Based on ZRC's historical price performance prediction model, the price of ZRC is projected to reach $0.1011 in 2025.
What will the price of ZRC be in 2030?
In 2030, the ZRC price is expected to change by -8.00%. By the end of 2030, the ZRC price is projected to reach $0.1759, with a cumulative ROI of +130.64%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of ZRC and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is ZRC worth investing or holding? How to buy ZRC from a crypto exchange?

If you want to buy ZRC, the following information may be helpful for your investment decisions:
In the last 7 days, the price of ZRC has fallen by -7.24%, leading to negative returns for most ZRC investors. The market is currently pessimistic about the price trend of ZRC.
It is important to note that the current price of ZRC has retreated by -46.98% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether ZRC is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in ZRC or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of ZRC, if you want to buy or sell ZRC, you can consider Bitget for your trading needs. The best place to buy ZRC is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Zircuit has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Zircuit. Here's a step-by-step guide on how to buy Zircuit on Bitget.

How to get Zircuit through other methods?

Using cash to buy Zircuit is not the only way to obtain Zircuit. If you have the time to spare, you can get Zircuit for free.
Learn how to earn Zircuit for free through the Learn2Earn promotion.
Earn free Zircuit by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Zircuit airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Zircuit through Bitget Convert, Bitget Swap, or spot trading.

What is Zircuit used for and how to use Zircuit?

The use case of Zircuit may expand as the crypto market and the project itself develop. Currently, you can use ZRC to achieve the following goals:
Arbitrage by trading ZRC: Since ZRC is a frequently traded cryptocurrency, the price of ZRC is always fluctuating. Earn more ZRC by buying low and selling high on the exchange. Bitget spot market provides a variety of ZRC trading pairs to fully meet your needs.
Earn by staking ZRC: You can also generate income through financial management methods such as staking ZRC or lending ZRC. Bitget Earn offers a variety of financial products designed to help you earn more income from your ZRC.
Send or pay ZRC: If you want to give ZRC to your friends, a charity, or a fundraiser, or you want to pay someone with ZRC, you can quickly and easily send ZRC to the recipient through their payment address.
You can also go to the official website of the Zircuit project to learn more about the use cases of ZRC. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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