Aztec launches Ignition Chain – the first decentralized L2 on Ethereum

#ethereum news

TapChiBitcoin

2025-11-20 04:09:39

Aztec Network, a Layer 2 focused on privacy on Ethereum, officially launched Ignition Chain on the mainnet on Wednesday, after selling the AZTEC token last week.

The Aztec team stated: “Ignition Chain has just launched, it is the first completely decentralized L2 on Ethereum, launching a decentralized consensus layer for the Aztec network.”

Ignition Chain enables programmable privacy, supporting the vision of Aztec's “private world computer,” where developers can build DeFi applications with end-to-end security. The system uses (zero-knowledge proofs) to maintain transparency while ensuring authenticity. In 2022, Aztec raised 100 million USD in a Series B round led by a16z.

Zac Williamson, co-founder of Aztec, stated: “The period from 2025 to 2035 will be the era of privacy. We will witness the development of products using distributed ledgers and security technology to process data, returning control to users.”

Regarding the AZTEC token, this is the native asset of Ignition Chain, used for staking, governance, and block rewards. Validators need 200,000 AZTEC to activate on the network. Last week, Aztec raised approximately 2.5 million USD from 2,088 registrations by 1,925 investors. The public auction will start on December 2.

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