Table of contents

• What is Zircuit
• How Zircuit works
• The main features of Zircuit
• Hybrid architecture
• AI Security
• EVM Compatibility
• Safe native bridge
• Zircuit Points
• Zircuit pledge
• What is Zircuit Token (ZRC)
• Zircuit (ZRC) Coin Price Forecast
• How to buy ZRC coins?
• Conclusion

In recent years, the niche market for the Layer 2 blockchain platform that serves the Ethereum (ETH) Layer 1 network has flourished, mainly due to network congestion, high handling fees and poor scalability. Many of these platforms use upvoltage technology, multiple transaction batches processed off-chain are bundled together and published in batches to the underlying Layer 1. The convolution of Ethereum-linked hooks is mainly divided into two types: optimism and zero knowledge (ZK). Although optimistic summary computing overhead is lower, the ZK species of these networks are more secure.

Zircuit (ZRC) is a Layer 2 chain that uses a hybrid approach that combines elements of optimism and ZK convolution. This allows the platform to provide the performance advantages of optimization technology and the security of ZK validity proof. To further improve overall security, Zircuit has adopted a unique artificial intelligence (AI) drive system to monitor malicious transactions.

summary:

• Zircuit (ZRC) is a Layer 2 platform that uses a hybrid design with optimism and ZK convolutional elements and uses unique AI-driven monitoring to detect potential fraudulent transactions.
• Zircuit's newly launched ZRC tokens are used to issue rewards and participate in fair tokens on the platform.

What is Zircuit

Zircuit (ZRC) is a hybrid layer 2 blockchain that combines optimism and ZK convolution to use AI-driven monitoring to handle potentially harmful transactions. The platform is based on Optimism's Bedrock roll-up development technology, a popular framework for building optimistic roll-up networks. In addition, it also adopts zero-knowledge proofs, enabling the platform to achieve the best of both worlds, namely the performance advantages of optimistic convolution and the security of ZK technology. Zircuit is compatible with Ethereum Virtual Machine (EVM) and supports smart contracts.

The Zircuit project attaches great importance to security and introduces a unique AI-based protection system at the sequencer node level to prevent malicious transactions. Using ZK proof and AI-based protection systems makes Zircuit one of the most secure platforms in the Ethereum Layer 2 chain competition.

In addition to its excellent security benefits, Zircuit also has low cost, fast transactions, excellent scalability and 2-second block production intervals. All of these features make it an ideal environment for decentralized applications (DApps) in various niches, especially decentralized finance (DeFi). In fact, the leading protocols in the Zircuit ecosystem are all dedicated to the financial sector, with Zircuit staking being the largest application of TVL.

Zircuit focuses on DeFi and aims to become a leading liquidity center for all kinds of tokens in the industry, including liquid pledged tokens (LST), liquid restructuring tokens (LRT), stablecoins and packaged tokens. These assets can be pledged through the Zircuit pledge program supported by the Platform Liquidity Center, and earn annualized pledge yields, airdrop rewards and points based on the Zircuit Point program (see this article for details).

The platform also runs a secure native bridge solution, Zircuit Bridge, which helps users transfer assets between the Layer 2 network and Ethereum Layer 1.

Zircuit Ltd., the company behind the project, was founded in Canada in 2021 by Dr. Martin Derka, Jan Gorzny and Angel Xu. Zircuit’s testnet went live in November 2023 but made headlines in April 2024 when the project reported its total lock value (TVL) soaring to more than $2 billion. While testnet TVL is more a measure of the future potential of blockchain than an indicator of its existing value, the news has attracted industry observers to the platform. Zircuit launched the first phase of its mainnet in August 2024 after a huge success in testing. Subsequently, the platform's native token, ZRC, went live in November 2024.

How Zircuit works

As a typical summary, Zircuit uses an off-chain sequencer node to batch and organize layer 2 transactions, and then publishes them to the underlying Ethereum layer 1. These batches are accompanied by a ZK validation proof that signals to layer 1 validators that they have no fraudulent transactions. Zircuit's architecture also includes proof nodes whose task is to generate these validity proofs.

However, unlike other summary using ZK proofs, also known as proof of validity, Zircuit does not generate proof of validity for each transaction block. Instead, some blocks pre-make the template proof, while others go through the process of creating a dedicated validity proof for it. After several blocks, a proof of validity is provided, and several blocks use template proof. The following figure illustrates this approach.

The main reason why Zircuit adopts this proof design is that the process of generating ZK proofs is computationally intensive. By using templates for certain blocks in the sequence, Zircuit can reduce overall computational overhead. However, the project team said that the template proof model is temporary and will be phased out in the future. During this stage, the platform will generate a ZK proof for each block.

Zircuit is highly modular in design, making it easy for professionals to generate validity proofs on the platform to easily plug in or remove from the network. This modular approach is different from the standard ZK convolution design, where authenticators are more closely and less flexible in integrating into the entire architecture.

Sequencer Level Security (SLS)

As mentioned earlier, Zircuit organizes transactions into blocks using a dedicated sequencer. The platform also applies AI-driven monitoring at the sequencer level (sequencer level security or SLS) to detect and exclude fraudulent transactions before they are finalized on Layer 2.

When transactions are first published to Zircuit, they go to Mempool, a temporary area from which the sequencer picks individual transactions and organizes them into blocks. mempool is always monitored and uses AI algorithms to identify suspicious transactions. If a transaction in Mempool is marked, it is isolated and evaluated for validity before the sequencer incorporates it into the block. The following figure shows how the process works.

The main features of Zircuit

Hybrid architecture

One of Zircuit's unique features is its hybrid architecture that combines the characteristics of optimism and ZK convolution. At the basic level, Zircuit is built using Optimism's Bedrock development framework, a popular technology for optimistic convolutional networks. However, using ZK proof, or rather, using a combination of validity proof and template proof, ensures that Zircuit has a level of security that is unmatched by standard optimistic summary.

AI Security

AI-based SLS provides Zircuit with strong security, complementing the highly secure ZK proof system. Currently, only a very small number of Layer 2 networks in the industry have similar capabilities, making the platform a true pioneer in AI for sequencer-level operations.

EVM Compatibility

Like any Optimism Bedrock-based summary, Zircuit is EVM compatibility. In this way, the interoperability of the basic Ethereum Layer 1 can be achieved. EVM compatibility also enables developers familiar with the Ethereum environment to easily develop Zircuit-based DApps, or port existing Ethereum applications to the platform. Developers can build Zircuit applications and smart contracts using common technologies used in Ethereum (such as the Solidity programming language and the Hardhat development framework).

Safe native bridge

Zircuit Bridge is a native bridge solution that easily transfers tokens between Ethereum and Zircuit. It has high security, low transaction fees and fast transfer functions, allowing users to move various cryptocurrencies between Ethereum and Zircuit, including packaged tokens such as ETH, USDT, USDC, ZRC, WBTC, LSTs such as Mantle Staked Ether (mETH), and LRTs such as Super Symbiotic LRT (weETH). As of late November 2024, the total number of cryptocurrencies supported by Bridges is close to 30.

Zircuit Points

Zircuit has launched a rewards program called Zircuit Points. Users can earn these points by pledging supported assets and participating in the "Build Currency Earning" program (see below for details). The accumulated points will be redeemed to ZRC tokens in the future. Points also create opportunities for users to obtain short investment spaces for tokens.

Zircuit pledge

The main way most users earn Zircuit points is by staking. Zircuit staking program lets you stake LST, LRT, popular stablecoins, some packaged tokens and Ethereum (ETH) to earn points. With LST and LRT, you can earn income (along with the native Zircuit staking annualized yield and points) from the corresponding staking and heavy-price platforms for issuing these assets.

Zircuit points earned through pledge vary depending on the asset. For example, the multiplier for Ethereum is 0.5, while the multiplier for LST, LRT and stablecoins is 1. The multiplier of different LST and LRT assets may change in the future.

Building earning money

Build to Earn is another way to earn Zircuit points. The program supports developers in contributing to the Zircuit ecosystem and earning points in a variety of ways, including:

• Develop and launch DApps on Zircuit mainnet or testnet
• Adjust and deploy existing DApps on Zircuit
• Create tools and utilities for the platform ecosystem
• Invite other developers to join the platform

What is Zircuit Token (ZRC)

ZRC went live in November 2024 and is the native cryptocurrency for the platform. ERC ERC-20 assets are deployed on Zircuit and Ethereum Layer 1. ZRC is mainly used to issue rewards and token airdrops participating in ecosystem DApps. Currently, transaction fees on the Internet are paid on Ethereum. In the future, ZRC may be used to pay a portion of the handling fee.

ZRC can also be used for rewards under the rebate program. When users make transactions on the platform, they use ETH to pay the miner's fees. Zircuit’s miner cashback program provides cashbacks to offset some of the costs incurred. The amount of ZRC earned as cashback is proportional to the amount of gas expenditure in ETH; the project documents show that for gas expenditure per ETH, the user's revenue in ZRC is 125%. All types of miner fee payments meet the cashback conditions, including ordinary asset transfers and transactions interacting with Zircuit DApp.

The total supply of ZRC coins is 10,000,000,000, and the specific tokens are allocated as follows:

• Airdrop and Community Rewards (21.00%): Contains completed first and second season airdrops, as well as the proportion reserved for future airdrops and incentives, which usually have cliff periods and linear attributions to ensure long-term incentives.
• Community support (13.08%): used to support community construction, promotion activities, etc.
• Ecosystem Development (17.93%): Funds will be used to support DApp development, tool construction and infrastructure improvement.
• Foundation (18.70%): Managed by Zircuit Foundation, it is used to drive the long-term vision and strategic development of the project.
• Team (18.74%): Used to motivate core team members, usually with longer lock-up periods and vesting periods.
• Investors (10.55%): Allocated to early Zircuit-backed investors, with lock-in and vesting periods.

This token allocation strategy is designed to balance the interests of early supporters, teams and communities, ensure the stability of the tokens and inspire the continued growth of the ecosystem.

It is worth mentioning that in order to inspire early participants and community development, Zircuit actively carried out the ZRC coin airdrop activity, which was divided into two stages:

• Airdrops in the first quarter: 7% of the total supply of ZRC tokens was allocated to the accumulators of the first quarter points, with a total of 262,200 separate addresses eligible. The snapshot was taken on July 7, 2024 at 16:00:00 (UTC).
• Season 2 Airdrop: 3% of the total supply of ZRC coins was allocated to Season 2 participants, and the snapshot was taken at 5:00:00 UTC on November 20, 2024.

These airdrop activities effectively increase the popularity and breadth of ZRC coins in the community.

Zircuit (ZRC) Coin Price Forecast

Crypto platforms and experts are generally optimistic about Zircuit's long-term potential, especially driven by the launch of its AI trading engine and future ecosystem development.

1. 2025 ZRC Coin Price Forecast

• Gate.io: The average price of Zircuit in 2025 is estimated to be about $0.02398, up to $0.02709 and at a minimum of $0.01822.
• Bitget: Based on the forecast of an annual growth rate of 5%, the ZRC price is expected to reach $0.02535 by the end of 2025.
• Exolix: It is predicted that ZRC's average price will be $0.20 in 2025, with a maximum price of $0.22 and a minimum price of $0.19. This forecast is more optimistic than other platforms.

If the main network is launched and the initial DApp is launched successfully, the market's recognition of its technology will increase, and the price of ZRC coin may stabilize at US$0.025 to US$0.03 or even higher by the end of 2025, a slight increase from the current price.

2. 2026 ZRC Coin Price Forecast

• Gate.io: The average price of Zircuit in 2026 is estimated to be about $0.02553, up to $0.03422 and at a minimum of $0.01532.
• Bitget: It is forecast that the ZRC price will reach $0.02661 in 2026, based on an annual growth rate of 5%.
• Exolix: ZRC is expected to consolidate between $0.10 and $0.12 in 2026, with an average price of $0.11. They noted that increasingly intense competition and slowing speculative activity could curb significant growth.

If the project successfully stabilizes, the ecosystem will be significantly expanded, and more DApps will choose to deploy on Zircuit, ZRC coins may grow to $0.03 to $0.05 and more in 2026.

3. Long-term forecast of ZRC coins in 2027 and beyond

The long-term forecast of ZRC coins is more dependent on whether Zircuit can successfully implement its technology roadmap, attract a large number of users and developers, and maintain a leading position in a highly competitive market. The practical effect and large-scale adoption of AI security features will be key. The following are the comparisons between different platforms and analysts

Prediction of ZRC coins at different time points:

How to buy ZRC coins?

ZRC Coin has been listed on several well-known cryptocurrency exchanges, including Binance, Bybit, MEXC, etc., providing investors with a convenient trading pipeline.

If you want to buy ZRC coins, you can follow these steps:

• Register and complete KYC verification.
• Deposit to USDT or other supporting currencies.
• Search for "ZRC", select a trading pair and place an order.

Conclusion

Zircuit is one of the leading Layer 2 platforms with a hybrid design for up-volume networks. Thanks to the platform's architecture, users can take advantage of low transaction costs, fast transfers and excellent scalability while enjoying the high security benefits of ZK proof and AI-powered spool monitoring. AI-based fraud transaction monitoring is a particularly noteworthy feature of the platform and is undoubtedly one of the most advanced technologies adopted by the blockchain industry.

Thanks to Zircuit's innovative technology and unique approach, user security is combined with faster and cheaper transactions on the Ethereum network, everything is in one package, and it's now feasible!

Here is the article about Zircuit (ZRC currency)? How to operate? This is the article about ZRC project overview, token economy and prospect analysis. For more related Zircuit (ZRC currency) content, please search for previous articles on this site or continue to browse the related articles below. I hope everyone will support this site in the future!

The above is the detailed content of What is Zircuit (ZRC currency)? How to operate? ZRC project overview, token economy and prospect analysis. For more information, please follow other related articles on the PHP Chinese website!