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[TECHNOLOGY] · United States · 4 sources

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Part of situation: Ethereum privacy technology developments (2 clusters)

Aztec Labs relaunches zk. money privacy wallet on Ethereum layer-2

Aztec Labs zk. money Ethereum layer-2 zero-knowledge proofs stablecoin privacy

Aztec Labs has relaunched zk. money, a self-custodial privacy wallet, on its Ethereum layer-2 network, the Aztec Network. The tool is designed to allow users to send and receive stablecoin payments privately using zero-knowledge proofs, which validate transactions without revealing sensitive data such as balances or recipient identities.

To improve usability, the wallet utilizes the Ethereum Name Service (ENS), allowing users to use readable tags like 'bob. zk. money' instead of long cryptographic addresses. While transactions within the wallet are private, deposits made from the Ethereum mainnet remain public on the blockchain.

The relaunch features a completely new codebase, distinct from the original 2021 version. During the initial rollout, Aztec Labs has implemented transaction caps of $2,500 per transaction and a collective daily deposit limit of $50,000. The wallet is non-custodial, meaning users maintain full control of their keys and funds without administrative oversight.

Entities

Aztec Labs · Aztec Network · Ethereum · Ethereum Name Service · Joe Andrews

Claims

What the coverage asserts, and how many sources carry each claim.

  • [● 2 SOURCES] Users can use readable tags, such as 'bob. zk. money', via the Ethereum Name Service (ENS) to identify recipients. decrypt.co · gizmodo.com
  • [● 2 SOURCES] The original version of zk. money, launched in 2021, reached over 75,000 wallets and $100 million in volume. decrypt.co · gizmodo.com
  • [● 2 SOURCES] The wallet is self-custodial and contains no administrator keys to freeze or spend user funds. decrypt.co · gizmodo.com
  • [○ 1 SOURCE] The early rollout limits individual transactions to $2,500 and imposes a $50,000 daily deposit ceiling for all users. decrypt.co
  • [○ 1 SOURCE] Deposits made from the Ethereum mainnet to the wallet remain public, while transactions within the wallet are private. decrypt.co
  • [● 3 SOURCES] Aztec Labs has relaunched zk. money, a self-custodial wallet operating on the Aztec Network, an Ethereum layer-2. www.criptotendencias.com · decrypt.co · gizmodo.com
  • [○ 1 SOURCE] The relaunch does not use any code or contracts from the previous version of the product. gizmodo.com
  • [● 3 SOURCES] The wallet allows for private stablecoin payments using zero-knowledge proofs. www.criptotendencias.com · decrypt.co · gizmodo.com

Sources

The Three-Year Wait is Over for Ethereum, the Privacy Wallet is Back! Here Are the Details [en.bitcoinsistemi.com]
Privacidad en Ethereum: Aztec relanza zk. money [www.criptotendencias.com]
Ethereum Gets Another Privacy Boost as Aztec Brings Back zk. money [decrypt.co]
Privacy Crypto Wallet Is Bringing Anonymous Payments to Stablecoins. Will Regulators Allow It? [gizmodo.com]