On April 1, Aztec Network, backed by a16z, officially launched its Alpha Network, becoming the first Ethereum Layer 2 with a full privacy-enabled smart contract execution environment. Contracts are written in the Rust-style language Noir; privacy logic is executed on the user’s end and generates zero-knowledge proofs, with settlements finalized on Ethereum approximately every 12 seconds. Aztec has disclosed known critical security vulnerabilities, and audits are still ongoing; users are advised to deposit only funds they can afford to lose.
Privacy Chain Aztec Network Launches Alpha Mainnet
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Summary
On-chain news: Aztec Network, a privacy-focused chain derived from AiCoin and backed by a16z, launched its Alpha mainnet on April 1, 2026. This Ethereum Layer 2 network provides full privacy for smart contract execution. Contracts are written in Noir, with privacy logic handled on the user side and zero-knowledge proofs generated locally. Settlements occur on Ethereum every 12 seconds. Aztec has disclosed known security issues and ongoing audits, advising users to deposit only funds they can afford to lose. The network upgrade represents a significant advancement in privacy-centric blockchain infrastructure.
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