{"id":3851,"date":"2024-07-26T12:04:17","date_gmt":"2024-07-26T12:04:17","guid":{"rendered":"https:\/\/cryptd.in\/security-matters-hows-zircuit-planning-to-mitigate-hacks-in-web3-interview\/"},"modified":"2024-07-26T12:04:17","modified_gmt":"2024-07-26T12:04:17","slug":"security-matters-hows-zircuit-planning-to-mitigate-hacks-in-web3-interview","status":"publish","type":"post","link":"https:\/\/cryptd.in\/it\/security-matters-hows-zircuit-planning-to-mitigate-hacks-in-web3-interview\/","title":{"rendered":"Security Matters: How\u2019s Zircuit Planning to Mitigate Hacks in Web3 (Interview)"},"content":{"rendered":"

In the rapidly evolving landscape of Layer 2 networks, Zircuit aims to create a new approach to security and scalability. Co-founded by Martin Derka, a seasoned professional with a PhD in algorithms and complexity, sat with us for an interview during EthCC. Derka shared insights into his journey, the founding of Zircuit including the meaning of the whooping $3 billion staked ETH to the project, and above all \u2013 the expected launch date for Zircuit\u2019s mainnet.<\/p>\n

Multiple well-known investors have taken part in the protocol\u2019s mainnet funding round, including Binance Labs, Nomad Capital, AMBER, and much more.<\/p>\n

<\/a><\/p>\n

From Soccer to Crypto<\/h2>\n

Martin Derka\u2019s journey into the world of crypto began after an unexpected turn in his career. \u201cI have a PhD in algorithms and complexity,\u201d Derka explained, detailing his academic background. \u201cFor many years, I was developing software for various companies while still a student.\u201d His transition from academia to entrepreneurship was marked by a stint as CTO of a startup focused on car advertisement photography, which he co-founded in 2013. However, after internal disputes led to his departure in 2017, Derka sought new opportunities, eventually finding his way to the crypto sphere.<\/p>\n

\u201cAfter leaving the startup, I went to clear my head in Argentina and Chile,\u201d Derka recounted. \u201cUpon returning to Canada, I connected with Leo (Leonardo Passos, Ph.D), a former soccer buddy and one of the veteran employees of the crypto auditing giant Quantstamp.\u201d This serendipitous meeting led to Derka joining Quantstamp as one of its earliest hires in 2018, where he delved deep into crypto security.<\/p>\n

The Birth of Zircuit<\/h2>\n

Derka\u2019s tenure at Quantstamp laid the groundwork for Zircuit. \u201cAt Quantstamp, we knew rollups would be key to scaling Ethereum,\u201d Derka noted. This realization sparked intensive research into rollups, eventually leading to the inception of Zircuit. \u201cWe saw an amazing opportunity to enhance blockchain security proactively,\u201d Derka said. \u201cThis is how the feature that now distinguishes Zircuit\u2014sequencer level security\u2014began.\u201d<\/p>\n

\u2018Many Uses of AI Seem Fabricated\u2019<\/h2>\n

Zircuit\u2019s most striking feature is its AI-driven security mechanism, sequencer-level security, a concept Derka elaborated on extensively.<\/p>\n

\u201cOur sequencer evaluates each transaction for malicious intent before inclusion in the block,\u201d Derka explained. \u201cWe use AI to simulate transactions and assess their impact, determining if they\u2019re hacks.\u201d This proactive approach allows Zircuit to quarantine potentially harmful transactions, enhancing the overall security of the blockchain.<\/p>\n

The sequencer is a privileged node designed to collect user transactions and order them based on predefined rules. In essence, once the transaction arrives at the sequencer, it is then routed to the \u201cMalice Detection\u201d module \u2013 something that the team refers to as the \u201coracle.\u201d It\u2019s designed to determine whether a transaction is benign or it can potentially be malicious. Those that are benign are queued for block inclusion, while those that are flagged are diverted to another module called \u201cQuarantine-Release Criterion\u201d module. It acts as a holding area for the time during which these transactions undergo a rigorous verification process.<\/p>\n

The following can be seen in the overview presented by Zircuit:<\/p>\n

<\/a><\/p>\n

When asked about the prevalent AI hype, Derka acknowledged the phenomenon but remained pragmatic. \u201cThere is a huge level of hype,\u201d he admitted. \u201cMany uses of AI seem fabricated, and AI can be highly inaccurate. But failure is part of innovation. If we don\u2019t try applying AI in all possible areas, we might miss its true potential.\u201d<\/p>\n

L2\u2019s: Do We Really Need That Many<\/h2>\n

Zircuit positions itself as a Layer 2 (L2)<\/a> solution with a strong emphasis on security, amidst a crowded field of competitors. Derka was clear about the inevitability of multiple L2 solutions. \u201cIf we didn\u2019t build another L2, someone else would,\u201d he said. \u201cThe better question is why users should choose Zircuit over others, and that comes down to our unique security proposition.\u201d<\/p>\n

Despite the competitive market, Derka does not foresee a winner-takes-all scenario.<\/p>\n

\u201cTechnologists love to build and compete,\u201d he asserted. \u201cThere will always be new players challenging the status quo.\u201d<\/p>\n

Zircuit: When Mainnet Launch<\/h2>\n

Zircuit\u2019s immediate focus is on launching its Mainnet, with significant milestones already achieved. \u201cWe launched our Testnet last year, which has been very stable,\u201d Derka shared. \u201cWe are now in the process of deploying Mainnet, integrating partners, and ensuring security measures are in place.\u201d<\/p>\n

The Mainnet Phase 1 launch is scheduled for Augustmid-July in a gated mode, with a broader public launch expected soon afterin mid-August. \u201cWe are also working on optimizing zero-knowledge proof generation to reduce operating costs and improve efficiency,\u201d Derka added. This technical enhancement is crucial for the blockchain\u2019s functionality and user experience.<\/p>\n

Over $3 Billion in Staked ETH<\/h2>\n

Derka is mindful of the challenges in sustaining Zircuit\u2019s initial success: With over $3 billion in restaked Ether (at its peak) signaling strong interest, the true test will be retaining these funds post-launch. \u201cIt\u2019s the best signal we currently have, but it\u2019s not a guarantee of success,\u201d Derka cautioned. \u201cOur task is to support projects deploying on Zircuit, ensuring they attract and retain capital.\u201d<\/p>\n

Zircuit aims to create a robust ecosystem encompassing all essential blockchain functions. \u201cWe want a fully functional ecosystem comparable to other chains, with lending protocols, oracles, DEXs, and stablecoins,\u201d Derka explained. The security aspect remains a key differentiator, offering users and developers a more secure environment for their projects.<\/p>\n

Il post Security Matters: How\u2019s Zircuit Planning to Mitigate Hacks in Web3 (Interview)<\/a> \u00e8 apparso per la prima volta su Criptopatate<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

In the rapidly evolving landscape of Layer 2 networks, Zircuit aims to create a new approach to security and scalability. Co-founded by Martin Derka, a seasoned professional with a PhD in algorithms and complexity, sat with us for an interview during EthCC. Derka shared insights into his journey, the founding of Zircuit including the meaning […]<\/p>\n","protected":false},"author":0,"featured_media":3852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nSecurity Matters: How\u2019s Zircuit Planning to Mitigate Hacks in Web3 (Interview) - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/it\/security-matters-hows-zircuit-planning-to-mitigate-hacks-in-web3-interview\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Security Matters: How\u2019s Zircuit Planning to Mitigate Hacks in Web3 (Interview) - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"In the rapidly evolving landscape of Layer 2 networks, Zircuit aims to create a new approach to security and scalability. 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