ethereum scaling protocol
Polygon and Google Cloud Partner for Ethereum Scaling Tools
Polygon Labs and Google Cloud have partnered to enhance the development of Ethereum scaling protocol's infrastructure and tools. Google Cloud's framework and developer tools will benefit Polygon's core protocols and simplify developer integration to build, launch and grow Web3 products and decentralized applications (DApps) on Polygon. The partnership is expected to advance Polygon's zero-knowledge development, resulting in faster and cheaper transactions. Polygon will use Google Cloud's Blockchain Node Engine to remove the need for Polygon developers to configure and run Polygon PoS nodes.
Ethereum Founder Vitalik Buterin Says Layer 2 Scaling Solution Has ‘Basically’ Succeeded
Ethereum has been seeing an upward trend, and demand may increase further in anticipation of the upcoming ETH 2.0 update expected in Q3 2020. Ethereum is scheduled to undergo a major change of its consensus mechanism, transitioning from proof-of-work (PoW) to proof-of-stake (PoS). Ethereum has been expecting its scaling to occur for some time, and according to Ethereum’s creator, Vitalik Buterin, it could already be happening. Vitalik Buterin recently tweeted that the Ethereum blockchain network’s “layer 2 strategy has basically succeeded.”
Reddit Invites Developers to Submit Ethereum Scaling Proposals for its Token Project
Popular social news aggregator, web content rating and discussion site Reddit invites developers to develop is Ethereum based Community Points
Ethereum Tapped by Reddit to Bring Blockchain and Scaling Technology to the Online Forum
Ethereum will be leveraged by Reddit, bringing blockchain technology to the online network for the first time ever through their partnership.
Ethereum-Based Akropolis DeFi Protocol Hacked, More than $2 Million Stablecoins Stolen
The recent hack suffered by Akropolis, an Ethereum-based DeFi protocol, resulted in a loss of more than 2 million DAI ERC-20 tokens.
Crypto Founder of Ethereum-Based Oyster Protocol Arrested for Tax Evasion in Exit Scam
The founder of Ethereum-based smart contract platform Oyster Protocol has been arrested following an exit scam in which he reaped a multi-million dollar profit.
EIP 1559 May Not Reduce High Gas Fees on Ethereum, but ETH 2.0 Will – Here’s Why
EIP-1559, an Ethereum Improvement Protocol set to launch in July, has been touted as a game-changer that will address the issue of rising gas fees on the network.
RIFT Protocol Solves the Scalability Problems in Blockchain
RIFT Protocol is a potential solution that could make the scalability problem in blockchain market a thing of the past.
Yearn.finance Takes Pickle Finance Protocol Onboard to Enhance DeFi Rewards
Leading DeFi protocol Yearn.finance has absorbed Pickle Finance to create a structure that will leverage shared expertise, boost specialization, and minimize work duplication.
DeFi's Yearn.Finance Protocol Suffers $2.8 Million Flash Loan Attack
Yearn.Finance decentralized finance protocol suffered a $2.8 million loss after a flash loan attack, a scheme frequently seen in the fast-rising DeFi sector.
Origin DeFi Protocol Loses $7 Million to Hacker in Security Breach
Origin Protocol is the latest DeFi platform to lose $7 million due to hacking. The company has said that it is working to restore the stolen funds.
Yearn.finance Founder Andre Cronje Introduces New DeFi Protocol Deriswap for Capital Efficiency
Another project has been introduced by Yearn.finance’s founder, Andre Cronje. The new decentralized finance (DeFi) protocol unveiled by Cronje, is Deriswap.
Velas 3.0 Is Coming: Here's What You Need to Know
Velas (VLX), a platform designed to address the scaling and usability challenges seen by other blockchains, is on the verge of releasing by far its largest update to date — with the impending launch of the Velas 3.0 ecosystem.