Zircuit (ZRC) is a blockchain platform that enhances Ethereum's capabilities. Co-founder Martin Derka, a PhD holder in algorithms and complexity from the University of Waterloo, has been active in the Web3 space since 2017.
The project's development began with extensive research and development, during which the team authored and presented 12 papers on rollups, bridge hacks, and scaling methods, securing multiple Ethereum grants.
In November 2023, Zircuit launched its public testnet at Devconnect, showcasing its capabilities to developers and partners. On August 5, 2024, Zircuit initiated Mainnet Phase 1, allowing users to bridge funds and interact with projects within its ecosystem.
The platform's roadmap includes several key phases:
1. R&D Phase: Conducted research and secured Ethereum grants.
2. Private Testnet: Released an internal version combining Optimism’s Bedrock rollup infrastructure with zero-knowledge proofs.
3. Public Testnet: Launched at Devconnect in November 2023 with multiple partners.
4. Mainnet Launch: Initiated a guarded mainnet launch, with a variety of projects ready on day one.
5. Improved Mainnet: Focused on faster proof generation, shorter finality, and cheaper transaction fees.
6. Advanced Security: Enhanced sequencer-level security for better performance and modularity.
7. Continued Growth: Aimed to provide a secure and cost-effective blockchain with a multitude of dApps and liquidity pools.
8. Decentralization and Beyond: Plans to become trust-minimized, exploring cross-chain communication and securing the Ethereum ecosystem.
Here’s more detailed information about Zircuti (ZRC) tokenomics.