Ethereum privacy startup Aztec announces zkSNARK generation ceremony and latest investment round

Aztec, a privacy-focused Ethereum ($ETH) startup, announced the launch of its zero-knowledge succinct non-Interactive argument of knowledge (SNARKs) generation via a cryptographic ceremony called Ignition, Coin Telegraph reports. The process will build an open source “reference string” that the company believes will be used by both Aztec and future crypto systems. Notably, the data generated will include so-called SNARKs:

“These include universal SNARKs, which will enable an almost limitless range of uses - from fully decentralised private banking to anonymous voting systems.”

The company also announced the closing of its latest round of investment with participation from A.Capital, Coinbase and Libertus Capital.