Aztec Network
8 Oct
## min read

The Hunting of the SNARK (3/3)

Third part of a comprehensive exploration of SNARKs, uncovering their intricacies and importance in blockchain.

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Universal SNARKs, 2019–present, and PLONK benchmarks

A refresher on Part 2— the final punchline we want to reach is the enabling of Dark Contracts — allowing confidentiality and anonymity of arbitrary blockchain transactions.

But so far, SNARKs have required a new trusted setup for each new smart contract edit (a la Groth 16).

This overhead kills Project Dark Contract dead in the water.

The Universal SNARK

Because of this seemingly intractable feature of SNARKs (a new setup for each contract alteration), Dark Contracts looked in feasible — until January 2019, when Mary Maller and Sean Bowe et al released an amazing and unexpected new species of SNARK, which they named ‘Sonic’.

This new SNARK was universal — that is, with just one setup, it could validate any conceivable circuit (up to a predefined level of complexity).

Another big step forward in the short evolution of zero knowledge systems.

Sonic is Universal, But Slow

Unfortunately though, this magical ‘universality’ did not come for free.

Making Sonic universal added ~2 orders of magnitude onto proof construction times, compared with non-universal SNARKs.

And if your laptop needs to spend 30 minutes constructing a “spend” transaction for a private token, that’s bad news — you just won’t use it, will you?

So how to make these Universal SNARKs fast?

Sonic → PLONK

Fortunately, a chance meeting between Ariel Gabizon and Zac Williamson at Binary District workshop in London helped unlock another breakthrough — a SNARK by the name of PLONK.

Zac had three principal papers in his mind when he ran into Ariel— Sonic, AuroraLight (by Ariel), and a paper by Jens Groth and Jonathan Bootle about expressing problem statements as polynomial identities.

I’ll let him regale the tale below, but first —

How do you Build a SNARK?

To make a SNARK, you need some logical and consistent way to describe logical statements (ultimately these statements will come from higher-level smart contract code).

Usually this is done through arithmetical circuits — in a not dissimilar manner to the way that all computer programs you use on a daily basis are ultimately reduced to small pieces of arithmetic on the chip.

A circuit is composed of gates and wires:

  1. Gates take two numbers as inputs, either add or multiply them, and then emit the result through an output wire —
  2. Wires carry values into and out of gates

So our SNARK will need to include the following:

  1. A “local” consistency check — are all your gate equations satisfied?
  2. A “global” consistency check — do the wires correctly join the gates together to build the circuit in question?

Zac’s Notes on building PLONK

I asked Zac for his recollections of the process:

Solving the global consistency problem for universal snarks is difficult, and Sonic was the first paper to truly crack the problem. However, it’s somewhat inefficient.

Some techniques from the a paper by Bootle and Groth can be used to efficiently solve problem 1 (local gate consistency), but then solving problem 2 (global wire consistency) becomes very hard.

AuroraLight (Ariel’s paper) provides a framework around which the Bootle paper’s techniques can be adapted to create a SNARK that solves problem 1 but not 2.

This, in a very rough and undeveloped form, was what was running through my mind when I bumped into Ariel at a workshop in May. If you encode vectors as“Lagrange-base” polynomials, instead of as Laurent polynomials, can you implement a Sonic-style permutation check? I thought the answer was “no”, and had stashed the problem away into the mental equivalent of a rusty filing cabinet in the basement behind a sign that says “beware of the leopard”.

I thought I might as well ask one of the best cryptographers in the field about it — maybe he has a trick up his sleeve. The following day at the workshop, he came up to me and said:

“Oh hey, by the way I have a solution to that problem from earlier…”

The next three months resulted in an exhilarating collaboration between AZTEC Protocol and Protocol Labs, culminating in the release of PLONK in August 2019.

So, how fast is PLONK?

Very! Our implementation of PLONK is advanced enough to publish benchmarks for how long proof construction takes for sample circuit sizes:

PLONK is capable of chewing through a circuit with over one million gates in 23 seconds, on entirely standard hardware. No server farms or HPC clusters here — those figures came from a Microsoft Surface tablet.

To give some context, we think that a typical private transaction on Ethereum will clock in at ~128,000 to 512,000 PLONK gates. This means that PLONK can be used to programme complex logical statements in a manner that preserves perfect privacy.

To our knowledge, no other fully succinct, universal proving system comes close to these figures.

So what else is out there?

PLONK isn’t the only child of Sonic — in a summer that saw a gush of cryptographic techniques enter the fray, another fresh SNARK came into the world, created by Sonic’s original authors.

Along Came Marlin

Marlin is its name — a contemporary universal SNARK with higher efficiency than Sonic. It differs from PLONK in a couple of important ways:

  1. Circuit TypeMarlin validates the classical R1CS construction that has formed the foundation of SNARK proofs to date. PLONK instead uses fan-in-two gates with unlimited fan-out. Both models describe the same overall ‘universe’ of circuits, but in subtly different ways.
  2. The ‘global’ consistency check — PLONK uses a permutation argument to check that wire values are copied correctly along the circuit (essentially stitching wires onto other wires, an verifying they contain the same values), whilst Marlin checks that more general linear relations hold between the circuit multiplication gates. Marlin does this by the randomised sumcheck approach that has been used in papers like Aurora.

The big challenge for obtaining succinct verification via the random sumcheck route is that randomly combining the linear constraints boils down to evaluating a publicly known bi-variate polynomial, whereas polynomial commitment schemes can only efficiently handle univariate polynomials.

A key innovation of Marlin (a technique also central to the concurrent Fractal construction), is a method to verifiably evaluate such a bivariate when it is sparse (i.e. mostly vanishes) on inputs from a multiplicative subgroup.

— thanks to Ariel Gabizon of Protocol Labs for this succinct explainer.

The Benchmarks

We’ve had a lot of community requests to directly compare the performance and issued benchmarks for Marin and PLONK.

Efficiency — Comparing the efficiency of different proving systems is always a bit subjective. But there is a simple heuristic we can use — proof construction times are generally dominated by the number of ‘elliptic curve scalar multiplication’ operations a prover must perform. If n is the number of addition + multiplication gates in a circuit, PLONK requires the prover perform 9n scalar multiplications. Marlin requires 21n . This does come with terms and conditions attached though — Marlin represents circuits in a very different way to PLONK, and there could be some scenarios where Marlin is more efficient than PLONK — if your circuit is composed from a lot of addition gates that have a very large fan-in (large fan-in meaning that the circuits contains gates that add lots of variables together in one go).

Before presenting them, there are some health warnings in doing so, and we urge the reader to consider carefully the effects of these assumptions:

  1. PLONK has been benchmarked over the BN254 curve (the only pairing-friendly curve that Ethereum smart-contracts can efficiently access), whilst Marlin has been run on the BLS12–381. On a purely like-for-like basis, we conservatively estimate that equivalent benchmarks on the BLS curve would raise PLONK’s metrics by (very roughly) 50% for the prover, and 100% for the verifier. This assumption is used to generate an estimated benchmark over BLS12–381
  2. PLONK was run using a highly optimised library built by AZTEC Protocol, much of which is implemented in highly efficient x64 assembly code. We also use an efficiently computable endomorphism available to short Weierstrass curves, to speed up our scalar multiplication algorithms.
Published benchmarks over 2¹⁷ gates

Get in Touch

Whether you’d like to participate in the ceremony, apply to work at AZTEC Protocol, find out more about using our cryptosystems in your dapp, or just chat, please get in touch at hello@aztecprotocol.com or join our Telegram and Discord channels.

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Aztec Network
Aztec Network
30 Jan
xx min read

Aztec Ignition Chain Update

In November 2025, the Aztec Ignition Chain went live as the first decentralized L2 on Ethereum. Since launch, more than 185 operators across 5 continents have joined the network, with 3,400+ sequencers now running. The Ignition Chain is the backbone of the Aztec Network; true end-to-end programmable privacy is only possible when the underlying network is decentralized and permissionless. 

Until now, only participants from the $AZTEC token sale have been able to stake and earn block rewards ahead of Aztec's upcoming Token Generation Event (TGE), but that's about to change. Keep reading for an update on the state of the network and learn how you can spin up your own sequencer or start delegating your tokens to stake once TGE goes live.

Block Production 

The Ignition Chain launched to prove the stability of the consensus layer before the execution environment ships, which will enable privacy-preserving smart contracts. The network has remained healthy, crossing a block height of 75k blocks with zero downtime. That includes navigating Ethereum's major Fusaka upgrade in December 2025 and a governance upgrade to increase the queue speed for joining the sequencer set.

Source: AztecBlocks

Block Rewards

Over 30M $AZTEC tokens have been distributed to sequencers and provers to date. Block rewards go out every epoch (every 32 blocks), with 70% going to sequencers and 30% going to provers for generating block proofs.

If you don't want to run your own node, you can delegate your stake and share in block rewards through the staking dashboard. Note that fractional staking is not currently supported, so you'll need 200k $AZTEC tokens to stake.

Global Participation  

The Ignition Chain launched as a decentralized network from day one. The Aztec Labs and Aztec Foundation teams are not running any sequencers on the network or participating in governance. This is your network.

Anyone who purchased 200k+ tokens in the token sale can stake or delegate their tokens on the staking dashboard. Over 180 operators are now running sequencers, with more joining daily as they enter the sequencer set from the queue. And it's not just sequencers: 50+ provers have joined the permissionless, decentralized prover network to generate block proofs.

These operators span the globe, from solo stakers to data centers, from Australia to Portugal.

Source: Nethermind 

Node Performance

Participating sequencers have maintained a 99%+ attestation rate since network launch, demonstrating strong commitment and network health. Top performers include P2P.org, Nethermind, and ZKV. You can see all block activity and staker performance on the Dashtec dashboard. 

How to Join the Network 

On January 26th, 2026, the community passed a governance proposal for TGE. This makes tokens tradable and unlocks the AZTEC/ETH Uniswap pool as early as February 11, 2026. Once that happens, anyone with 200k $AZTEC tokens can run a sequencer or delegate their stake to participate in block rewards.

Here's what you need to run a validator node:

  • CPU: 8 cores
  • RAM: 16 GB
  • Storage: 1 TB NVMe SSD
  • Bandwidth: 25 Mbps

These are accessible specs for most solo stakers. If you've run an Ethereum validator before, you're already well-equipped.

To get started, head to the Aztec docs for step-by-step instructions on setting up your node. You can also join the Discord to connect with other operators, ask questions, and get support from the community. Whether you run your own hardware or delegate to an experienced operator, you're helping build the infrastructure for a privacy-preserving future.

Solo stakers are the beating heart of the Aztec Network. Welcome aboard.

Aztec Network
Aztec Network
22 Jan
xx min read

The $AZTEC TGE Vote: What You Need to Know

The TL:DR:

  • The $AZTEC token sale, conducted entirely onchain concluded on December 6, 2025, with ~50% of the capital committed coming from the community. 
  • Immediately following the sale, tokens could be withdrawn from the sale website into personal Token Vault smart contracts on the Ethereum mainnet.
  • The proposal for TGE (Token Generation Event) is now live, and sequencers can start signaling to bring the proposal to a vote to unlock these tokens and make them tradeable. 
  • Anyone who participated in the token sale can participate in the TGE vote. 

The $AZTEC token sale was the first of its kind, conducted entirely onchain with ~50% of the capital committed coming from the community. The sale was conducted completely onchain to ensure that you have control over your tokens from day one. As we approach the TGE vote, all token sale participants will be able to vote to unlock their tokens and make them tradable. 

What Is This Vote About?

Immediately following the $AZTEC token sale, tokens could be withdrawn from the sale website into your personal Token Vault smart contracts on the Ethereum mainnet. Right now, token holders are not able to transfer or trade these tokens. 

The TGE is a governance vote that decides when to unlock these tokens. If the vote passes, three things happen:

  1. Tokens purchased in the token sale become fully transferable 
  2. Trading goes live for the Uniswap v4 pool
  3. Block rewards become transferable for sequencers

This decision is entirely in the hands of $AZTEC token holders. The Aztec Labs and Aztec Foundation teams, and investors cannot participate in staking or governance for 12 months, which includes the TGE governance proposal. Team and investor tokens will also remain locked for 1 year and then slowly unlock over the next 2 years. 

The proposal for TGE is now live, and sequencers are already signaling to bring the proposal to a vote. Once enough sequencers have signaled, anyone who participated in the token sale will be able to connect their Token Vault contract to the governance dashboard to vote. Note, this will require you to stake/unstake and follow the regular 15-day process to withdraw tokens.

If the vote passes, TGE can go live as early as February 12, 2026, at 7am UTC. TGE can be executed by the first person to call the execute function to execute the proposal after the time above. 

How Do I Participate?

If you participated in the token sale, you don't have to do anything if you prefer not to vote. If the vote passes, your tokens will become available to trade at TGE. If you want to vote, the process happens in two phases:

Phase 1: Sequencer Signaling

Sequencers kick things off by signaling their support. Once 600 out of 1,000 sequencers signal, the proposal moves to a community vote.

Phase 2: Community Voting

After sequencers create the proposal, all Token Vault holders can vote using the voting governance dashboard. Please note that anyone who wants to vote must stake their tokens, locking their tokens for at least 15 days to ensure the proposal can be executed before the voter exits. Once signaling is complete, the timeline is as follows:

  • Days 1–3: Waiting period 
  • Days 4–10: Voting period (7 days to cast your vote)
  • Days 11–17: Execution delay
  • Days 18–24: Grace period to execute the proposal

Vote Requirements:

  • At least 100M tokens must participate in the vote. This is less than 10% of the tokens sold in the token sale.  
  • 66% of votes must be in favor for the vote to pass.

Frequently Asked Questions

Do I need to participate in the vote? No. If you don't vote, your tokens will become available for trading when TGE goes live. 

Can I vote if I have less than 200,000 tokens? Yes! Anyone who participated in the token sale can participate in the TGE vote. You'll need to connect your wallet to the governance dashboard to vote. 

Is there a withdrawal period for my tokens after I vote? Yes. If you participate in the vote, you will need to withdraw your tokens after voting. Voters can initiate a withdrawal of their tokens immediately after voting, but require a standard 15-day withdrawal period to ensure the vote is executed before voters can exit.

If I have over 200,000 tokens is additional action required to make my tokens tradable after TGE? Yes. If you purchased over 200,000 $AZTEC tokens, you will need to stake your tokens before they become tradable. 

What if the vote fails? A new proposal can be submitted. Your tokens remain locked until a successful vote is completed, or the fallback date of November 13, 2026, whichever happens first.

I'm a Genesis sequencer. Does this apply to me? Genesis sequencer tokens cannot be unlocked early. You must wait until November 13, 2026, to withdraw. However, you can still influence the vote by signaling, earn block rewards, and benefit from trading being enabled.

Where to Learn More

This overview covers the essentials, but the full technical proposal includes contract addresses, code details, and step-by-step instructions for sequencers and advanced users. 

Read the complete proposal on the Aztec Forum and join us for the Privacy Rabbit Hole on Discord happening this Thursday, January 22, 2026, at 15:00 UTC. 

Follow Aztec on X to stay up to date on the latest developments.

Aztec Network
Aztec Network
6 Dec
xx min read

$AZTEC TGE: Next Steps For Holders

The TL;DR: 

The $AZTEC token sale was conducted entirely onchain to maximize transparency and fair distribution. Next steps for holders are as follows:

  1. Step 1: Create your Token Vault on the sale website. Your Token Vault will keep your tokens secure on Ethereum, keep them non-transferable until TGE, allow you to stake/delegate/participate in governance, and then withdraw them to your wallet after TGE.
  1. Step 2: Staking and Earning Block Rewards. If you have more than 200,000 tokens, you can start staking today on the staking dashboard
  1. Step 3: Token sale participants can vote for TGE as early as February 11th, 2026, at which 100% of tokens from the sale become transferable, and a Uniswap V4 pool goes live. 

The $AZTEC token sale has come to a close– the sale was conducted entirely onchain, and the power is now in your hands. Over 16.7k people participated, with 19,476 ETH raised. A huge thank you to our community and everyone who participated– you all really showed up for privacy. 50% of the capital committed has come from the community of users, testnet operators and creators!

Now that you have your tokens, what’s next? This guide walks you through the next steps leading up to TGE, showing you how to withdraw, stake, and vote with your tokens.

Step 1: Creating a Token Vault 

The $AZTEC sale was conducted onchain to ensure that you have control over your own tokens from day 1 (even before tokens become transferable at TGE). 

The team has no control over your tokens. You will be self-custodying them in a smart contract known as the Token Vault on the Ethereum mainnet ahead of TGE. 

Your Token Vault contract will: 

  • Keep your tokens secure on the Ethereum mainnet.
  • Ensure tokens remain non-transferable until TGE.
  • Allows you to stake, delegate, and take part in governance.
  • After TGE, you can withdraw your tokens to your wallet.

To create and withdraw your tokens to your Token Vault, simply go to the sale website and click on ‘Create Token Vault.’ Any unused ETH from your bids will be returned to your wallet in the process of creating your Token Vault. 

Step 2: Staking and Earning Block Rewards 

If you have 200,000+ tokens, you are eligible to start staking and earning block rewards today. 

You can stake by connecting your Token Vault to the staking dashboard, just select a provider to delegate your stake. Alternatively, you can run your own sequencer node.

If your Token Vault holds 200,000+ tokens, you must stake in order to withdraw your tokens after TGE. If your Token Vault holds less than 200,000 tokens, you can withdraw without any additional steps at TGE

Fractional staking for anyone with less than 200,000 tokens is not currently supported, but multiple external projects are already working to offer this in the future. 

Step 3: TGE 

TGE is triggered by an onchain governance vote, which can happen as early as February 11th, 2026. 

At TGE, 100% of tokens from the token sale will be transferable. Only token sale participants and genesis sequencers can participate in the TGE vote, and only tokens purchased in the sale will become transferrable. 

How does the voting process work? 

Community members discuss potential votes on the governance forum. If the community agrees, sequencers signal to start a vote with their block proposals. Once enough sequencers agree, the vote goes onchain for eligible token holders. 

Voting lasts 7 days, requires participation of at least 100,000,000 $AZTEC tokens, and passes if 2/3 vote yes.

What happens when the vote passes? 

Following a successful yes vote, anyone can execute the proposal after a 7-day execution delay, triggering TGE. 

At TGE, the following tokens will be 100% unlocked and available for trading: 

  • All tokens in Token Vaults that belong to token sale participants.
  • Accumulated block rewards for anyone staking.
  • Uniswap V4 pool. This pool will have 273,000,000 $AZTEC tokens and a matching ETH amount at the final clearing price. 

Join us Thursday, December 11th at 3 pm UTC for the next Discord Town Hall–AMA style on next steps for token holders. Follow Aztec on X to stay up to date on the latest developments.

Aztec Network
Aztec Network
13 Nov
xx min read

The ticker is $AZTEC

We invented the math. We wrote the language. Proved the concept and now, we’re opening registration and bidding for the $AZTEC token today, starting at 3 pm CET. 

The community-first distribution offers a starting floor price based on a $350 million fully diluted valuation (FDV), representing an approximate 75% discount to the implied network valuation (based on the latest valuation from Aztec Labs’ equity financings). The auction also features per-user participation caps to give community members genuine, bid-clearing opportunities to participate daily through the entirety of the auction. 

How to Check Eligibility and Submit Your Bid 

The token auction portal is live at: sale.aztec.network

  • This is the only valid link to the $AZTEC token auction site. Be cautious of phishing scams. No one from the Aztec team will ever contact you directly for seed phrase or private keys. 
  • Visit the site to verify your eligibility and mint a soul-bound NFT that confirms your participation rights. 
  • We have incorporated zero-knowledge proofs into the sale smart contracts by using ZKPassport's Noir circuits to ensure compliant sanctions checks without risking the privacy of our users. 
  • Registration and bidding for early contributors start today, November 13th, at 3 PM CET, with early contributors receiving one day of exclusive access before bidding opens to the general public.
  • The public auction will run from December 2nd, 2025, to December 6th, 2025, at which point tokens can be withdrawn and staked.

Why Are We Doing This? 

We’ve taken the community access that made the 2017 ICO era great and made it even better. 

For the past several months, we've worked closely with Uniswap Labs as core contributors on the CCA protocol, a set of smart contracts that challenge traditional token distribution mechanisms to prioritize fair access, permissionless, on-chain access to community members and the general public pre-launch. This means that on day 1 of the unlock, 100% of the community's $AZTEC tokens will be unlocked.

This model is values-aligned with our Core team and addresses the current challenges in token distribution, where retail participants often face unfair disadvantages against whales and institutions that hold large amounts of money. 

Early contributors and long-standing community members, including genesis sequencers, OG Aztec Connect users, network operators, and community members, can start bidding today, ahead of the public auction, giving those who are whitelisted a head start and early advantage for competitive pricing. Community members can participate by visiting the token sale site to verify eligibility and mint a soul-bound NFT that confirms participation rights. 

To read more about Aztec’s fair-access token sale, visit the economic and technical whitepapers and the token regulatory report.

Discount Price Disclaimer: Any reference to a prior valuation or percentage discount is provided solely to inform potential purchasers of how the initial floor price for the token sale was calculated. Equity financing valuations were determined under specific circumstances that are not comparable to this offering. They do not represent, and should not be relied upon as, the current or future market value of the tokens, nor as an indication of potential returns. The price of tokens may fluctuate substantially, the token may lose its value in part or in full, and purchasers should make independent assessments without reliance on past valuations. No representation or warranty is made that any purchaser will achieve profits or recover the purchase price.

Information for Persons in the UK: This communication is directed only at persons outside the UK. Persons in the UK are not permitted to participate in the token sale and must not act upon this communication.

MiCA Disclaimer: Any crypto-asset marketing communications made from this account have not been reviewed or approved by any competent authority in any Member State of the European Union. Aztec Foundation as the offeror of the crypto-asset is solely responsible for the content of such crypto-asset marketing communications. The Aztec MiCA white paper has been published and is available here. The Aztec Foundation can be contacted at hello@aztec.foundation or +41 41 710 16 70. For more information about the Aztec Foundation, visit https://aztec.foundation.