Aztec Labs Revives zk.money Wallet with Improved Scalability

Aztec Labs has relaunched zk.money, a self-custodial wallet focused on privacy-encrypted payments on Aztec Network, an Ethereum Layer 2 platform.

The original version of zk.money launched in 2021 and was discontinued in 2023 due to scalability issues. Despite its limitations, it still managed to attract over 75,000 unique user addresses and processed more than $100 million in total transactions during that time.

The new and improved wallet now runs on Aztec Network, which prioritizes privacy features. Unlike standard Ethereum wallets, zk.money does not publish users' balances, payment amounts or transaction counterparties on the public ledger.