The Aztec Protocol is a privacy solution for Ethereum that allows users to make private transactions using smart contracts. It uses zero-knowledge proofs to ensure the privacy of the sender, recipient, and transaction amount.
The protocol works by allowing users to “mint” an encrypted version of their tokens called “notes.” These notes can be sent to another user, who can then redeem them for the original tokens without revealing any information about the sender, recipient, or amount.
Aztec also allows users to make private transactions with any ERC-20 token, not just ETH. This means that users can maintain their privacy when conducting transactions using a variety of tokens on the Ethereum network.
Overall, the Aztec Protocol provides a way for users to keep their transactions private on the Ethereum network, giving them more control over their financial information and providing an added layer of security and anonymity.