Aztec developers have announced the termination of the Connect layer 2 network for Ethereum scaling.
Today we’re announcing the sunset of Aztec Connect.
1 week from today, deposits into the Aztec Connect contract will be disabled.
Users will be able to withdraw funds with no fees for one year.
All code is open source.
Read the full announcement here:https://t.co/mk9pCy0tYx pic.twitter.com/6pTgTBSGkr
— Aztec (@aztecnetwork) March 13, 2023
From March 21, the project will close the acceptance of deposits in smart contracts of the protocol. One year after this date, Aztec will stop shipping rollups, or rollups. Users will be able to withdraw funds only through special software.
The command will leave a protocol code and SDK in open access.
The network was the second iteration of the scaling solution from the project after the version called Aztec 1. By the end of 2023, the developers expect to launch a new version of the protocol, Noir, based on the programming language of the same name.
In April, the project will open a grant program for app creators.
Recall that in December 2022, a London-based startup raised $100 million in a Series B round.
A year earlier, Aztec raised $17 million.
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