# Aztec Network and zkMoney

By [SynthNC](https://paragraph.com/@synthnc) · 2022-12-27

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Aztec Network and zkMoney are two of the world's leading blockchain-based projects. Together, they are collaborating to bring scalability and privacy to Ethereum through their open-source layer 2 networks. This collaboration is set to revolutionize the way transactions are conducted on the blockchain.

Aztec Network's privacy-focused layer 2 protocol allows users to make fully confidential Ethereum transactions. It also enables the transfer of private assets to mainnet for DeFi interactions and then returns them to their original state. This allows users to make transactions with complete anonymity, while still utilizing the security of the Ethereum blockchain.

zkMoney is an open-source, zero-knowledge proof money protocol that makes it possible to transfer money on the blockchain without revealing any sensitive information. Using a novel cryptographic technique called proof of solvency, it enables users to remain anonymous while still verifying the accuracy of their transactions.

By combining the power of Aztec Network and zkMoney, users can now make private transactions with the utmost security. This collaboration has the potential to transform DeFi and has already raised nearly $17 million in its Series A round, led by Paradigm. With the funds, the Aztec Network team is working on further developing their protocol and making it even more secure and efficient.

This collaboration is a major step forward in blockchain technology and could potentially revolutionize the way we make transactions. It is an exciting development and one to watch out for in the future.

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*Originally published on [SynthNC](https://paragraph.com/@synthnc/aztec-network-and-zkmoney)*