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Ethereum Founder Vitalik Buterin Says Layer 2 Scaling Solution Has ‘Basically’ Succeeded

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.”

B Squared Network Announces Seed Investments by HashKey Capital, OKX Ventures, IDG Capital

B Squared Network Announces Seed Investments by HashKey Capital, OKX Ventures, IDG Capital

B² Network secures significant seed investments from top venture capitals for its innovative Bitcoin Layer 2 solutions, aiming to transform Bitcoin's utility and adoption in the crypto ecosystem.

Vitalik Buterin Explores Ethereum Protocol Enhancement Strategies

Vitalik Buterin Explores Ethereum Protocol Enhancement Strategies

Ethereum's co-founder, Vitalik Buterin, reflects on Ethereum's protocol enhancement strategies in a recent blog post, weighing the merits of a minimalistic approach versus enshrining more features into the core protocol to address various user needs and system efficiencies. The discussion encompasses account abstraction challenges, the shift towards enshrinement, and the exploration of specific enshrinement targets like ZK-EVMs, proposer-builder separation, private mempools, liquid staking, and precompiles.

Arbitrum One Achieves a Historic $10 Billion TVL Milestone

Arbitrum One Achieves a Historic $10 Billion TVL Milestone

Arbitrum One's recent surge to a $10.22 billion TVL not only marks a major milestone for Ethereum Layer 2 networks but also highlights its growing acceptance and diverse asset portfolio, following a substantial funding journey and robust technology development.

QuickSwap Breaches $1,000 for the First Time amid Increasing Adoption of Polygon

QuickSwap Breaches $1,000 for the First Time amid Increasing Adoption of Polygon

QuickSwap is a decentralized trading platform leveraging Polygon's Layer 2 network. Its native token QUICK achieved a new record-high today, breaching $1,000.

Bitcoin (BTC) Scalability Solutions: An In-depth Analysis

Bitcoin (BTC) Scalability Solutions: An In-depth Analysis

An in-depth analysis of Bitcoin scalability solutions including Lightning Network and zero-knowledge rollups.

Uniswap (UNI) Integrates ZKsync for Enhanced Trading Experience

Uniswap (UNI) Integrates ZKsync for Enhanced Trading Experience

Uniswap (UNI) now supports ZKsync, offering users lower gas fees and faster transactions.

Bitcoin (BTC) Layer 2 Revolution: The Role of Ordinals in Sparking Innovation

Bitcoin (BTC) Layer 2 Revolution: The Role of Ordinals in Sparking Innovation

Ordinals have ignited a surge of innovation in Bitcoin’s Layer 2 ecosystem.

Fox Corporation to Transition Verify Beta to Polygon (MATIC) CDK-Powered Layer 2

Fox Corporation to Transition Verify Beta to Polygon (MATIC) CDK-Powered Layer 2

Fox Corporation is upgrading Verify Beta to a dedicated Layer 2 using Polygon (MATIC) CDK, with TIME as the first external partner for content attestation.

Wormhole Adds Support for Mantle Network, Enhancing Ethereum L2 Interoperability

Wormhole Adds Support for Mantle Network, Enhancing Ethereum L2 Interoperability

Wormhole now supports Mantle Network, an innovative Ethereum Layer 2 solution, offering high performance and low-cost EVM environment.

Uniswap (UNI) Expands to Zora Network, Offering Enhanced User Experience

Uniswap (UNI) Expands to Zora Network, Offering Enhanced User Experience

Uniswap (UNI) now supports Zora Network, providing users with lower gas fees and faster swaps. This integration is available on both the Uniswap interface and mobile app.

Exploring Blast (BLAST): A Yield-Bearing Ethereum Layer 2 Solution

Exploring Blast (BLAST): A Yield-Bearing Ethereum Layer 2 Solution

Discover Blast (BLAST), an Ethereum Layer 2 protocol offering yield on ETH and stablecoins. Learn about its features, tokenomics, and how to buy BLAST.

Manta Network and Blocksec Unveil Sequencer Threat Overwatch Program (STOP)

Manta Network and Blocksec Unveil Sequencer Threat Overwatch Program (STOP)

Manta Network and Blocksec have announced the Sequencer Threat Overwatch Program (STOP) to enhance security in Layer 2 blockchain solutions.

Ethereum Layer 2 Blockchain Eclipse Founder Temporarily Reduces Public Role Amid Sexual Misconduct Allegations

Ethereum Layer 2 Blockchain Eclipse Founder Temporarily Reduces Public Role Amid Sexual Misconduct Allegations

Neel Somani, founder and CEO of Ethereum layer 2 blockchain Eclipse, has temporarily reduced his public role amid sexual misconduct allegations, aiming to clear his name.

Polkadot Developer Parity Technologies Reportedly Cuts Over 300 Staff This Week

Polkadot Developer Parity Technologies Reportedly Cuts Over 300 Staff This Week

Parity Technologies lays off over 300 employees amidst a strategic shift towards community-driven operations. The move comes as Polkadot faces ecosystem challenges, including a large upcoming supply event and a seeming lack of demand in parachain auctions. Community members have expressed mixed reactions, and concerns are rising on Polkadot's ability to maintain its market valuation in the medium term.

Memecoins Dominate Q1 2024 Crypto Market Returns, Followed by DeFi and DePIN

Memecoins Dominate Q1 2024 Crypto Market Returns, Followed by DeFi and DePIN

In Q1 2024, crypto narratives experienced impressive returns, with memecoins leading the pack with an average return of 1312.6%, followed by RWA and AI.

Ethereum Layer 2s See Surge in Popularity in Q1 2023

Ethereum Layer 2s See Surge in Popularity in Q1 2023

Alchemy's Q1 2023 report shows Ethereum layer 2 networks, including Optimism, Arbitrum and Polygon, saw a 44% increase in bridged crypto assets compared to Q4 2022, and a 518% increase compared to Q1 2022. The report suggests this growth may have been driven by successful airdrops from Optimism and Arbitrum. Additionally, the deployment of smart contracts related to layer 2s increased by 160% compared to Q1 2022, despite a 30% decrease from Q4 2022.

Metis Launches Decentralized Liquid Staking in Layer 2 Revolution

Metis Launches Decentralized Liquid Staking in Layer 2 Revolution

Metis is launching the Liquid Staking Blitz, a decentralized sequencer initiative, to boost the growth of Liquid Staking Derivatives within its ecosystem, enhancing network security and governance.

Ethereum Layer 2: A Simplified Overview

Ethereum Layer 2: A Simplified Overview

Ethereum Layer 2 projects, such as Optimism, Arbitrum, and zkSync, aim to increase transaction throughput and reduce costs while maintaining security and decentralization properties. L2 solutions operate atop the existing blockchain, allowing for off-chain processing and a more scalable approach. They offer lower transaction costs, improved transaction capacity, and maintained security. Types of L2 solutions include rollups, state channels, and plasma. Projects like Arbitrum, Optimism, and zkSync are pioneering the L2 space, aiming to improve Ethereum's efficiency and scalability.

BNB Chain and MetaMask Resolve Glitch Affecting opBNB Gas Fees

BNB Chain and MetaMask Resolve Glitch Affecting opBNB Gas Fees

BNB Chain and MetaMask have successfully addressed a glitch that led to the display of inflated gas fees for opBNB transactions. The issue was rooted in MetaMask's default algorithm, which set a minimum recommended gas price based on averages across various Layer 1 and Layer 2 networks. This has been corrected, and users can now benefit from opBNB's lower gas fees for faster and more cost-effective transactions.

Curve Finance Launches MIM/crvUSD Pool on Arbitrum, Bolstering DeFi Ecosystem

Curve Finance Launches MIM/crvUSD Pool on Arbitrum, Bolstering DeFi Ecosystem

Curve Finance's new MIM/crvUSD liquidity pool on Arbitrum marks a significant advancement in DeFi, offering enhanced liquidity and user experience. This strategic move leverages Arbitrum's layer 2 capabilities for faster, cost-effective transactions, underlining Curve's commitment to innovation and community-driven governance.

Ethereum Layer 2 Boba Network Raises $45M in Series A Funding

Ethereum Layer 2 Boba Network Raises $45M in Series A Funding

Ethereum Layer 2 project Boba Network has raised $45 million in its Series A funding round.

Ethereum’s Transaction Volume Hits a 5-Month High

Ethereum’s Transaction Volume Hits a 5-Month High

Despite Ethereum (ETH) correcting from the historic high of $4,860 attained recently, the second-largest cryptocurrency is still experiencing high transaction volume on its network.

Polygon Surges by 2600% on a Year-to-Date Basis as Adoption of Layer 2 Accelerates

Polygon Surges by 2600% on a Year-to-Date Basis as Adoption of Layer 2 Accelerates

Polygon's rate of return is very impressive, rising by more than 2600%, from $0.0178 to $0.468 since the beginning of 2021.

Decentralized Lending Platform Cream Finance Announces Integration with Polygon Network

Decentralized Lending Platform Cream Finance Announces Integration with Polygon Network

Decentralized lending platform Cream Finance officially announced integrating with Polygon by launching its money markets on the Ethereum layer 2 scaling solution Polygon network.

KyberSwap announces first ever $ARB token liquidity pools, liquidity mining and trading campaigns on Arbitrum

KyberSwap announces first ever $ARB token liquidity pools, liquidity mining and trading campaigns on Arbitrum

Since launching in 2021, Arbitrum has emerged as one of the most promising Layer 2 solutions, with its ability to scale Ethereum and enable faster and cheaper transactions.

Shiba Inu Shibarium's Wallets Top 100,000 as Transactions Exceed 445,000

Shiba Inu Shibarium's Wallets Top 100,000 as Transactions Exceed 445,000

Shibarium, Shiba Inu's Ethereum Layer 2 network, has achieved 100,000 wallet addresses and 445,000 transactions, demonstrating rapid adoption, user engagement, and lower transaction costs for decentralized finance applications and NFTs.

Omega Secures $6M in Funding to Revolutionize Bitcoin and DeFi Ecosystem

Omega Secures $6M in Funding to Revolutionize Bitcoin and DeFi Ecosystem

Omega announces a $6M funding round to launch its decentralized infrastructure, aiming to redefine omnichain and Bitcoin DeFi without relying on traditional bridges or L2 solutions.

Billionaire Entrepreneur Mark Cuban Invests in Polygon,Driving it to Surge by 12645% on a Year-to-Date Basis

Billionaire Entrepreneur Mark Cuban Invests in Polygon,Driving it to Surge by 12645% on a Year-to-Date Basis

Today, Mark Cuban, an American billionaire entrepreneur, officially supports the Polygon network-which drives Polygon's token MATIC to surge by 12645% on a year-to-date basis.

Uniswap Expands Mobile Footprint with Android Wallet Launch

Uniswap Expands Mobile Footprint with Android Wallet Launch

Uniswap has launched a beta version of its mobile wallet for Android on October 12, following the successful iOS app release in April. The Android wallet facilitates easier swaps on various chains without manual network switching, offers robust swap protection against frontrunning, and ensures a transparent fee structure for its users. The launch, part of a broader trend among decentralized exchanges, signifies the growing emphasis on mobile platforms in DeFi.

VanEck Pledges 10% of Ethereum ETF Profits to Protocol Guild

VanEck Pledges 10% of Ethereum ETF Profits to Protocol Guild

VanEck has announced a 10-year commitment to donate 10% of its Ethereum ETF profits to Protocol Guild, supporting Ethereum's core protocol development. This pledge precedes the anticipated launch of the EFUT ETF, set to bolster mainstream Ethereum adoption.

Ethereum Layer 2s Surpass Prominent Layer 1s in Total Value Locked

Ethereum Layer 2s Surpass Prominent Layer 1s in Total Value Locked

The surge of Layer 2 solutions like Arbitrum, Optimism, and BASE, overtaking Layer 1 blockchains Solana and Avalanche in terms of Total Value Locked (TVL) as of September 25, 2023, highlights the pivotal role of Layer 2s in augmenting the scalability and transactional efficiency of the Ethereum network. The data underscores a growing preference for Layer 2 solutions, demonstrating their potential in enhancing the blockchain technology landscape.

Optimism (OP) Announces Critical Fault Proof Upgrade Impacting Bridges and Exchanges

Optimism (OP) Announces Critical Fault Proof Upgrade Impacting Bridges and Exchanges

Optimism introduces major updates to Fault Proofs, affecting withdrawal processes for bridges and exchanges on OP Mainnet and OP Sepolia.

Vitalik Buterin Analyzes Ethereum's Layer 2 Solutions

Vitalik Buterin Analyzes Ethereum's Layer 2 Solutions

On October 31, 2023, Vitalik Buterin discussed Ethereum Layer 2 ecosystem, highlighting trade-offs between Rollups, Validiums, and Disconnected Systems, securing and scalability, pre-confirmations, trustless Ethereum interactions, and potential chain transformation into Validium.

JasmyCoin $JASMY Unveils Layer 2 Solution, Jasmy Chain, to Democratize Data and Enhance Scalability

JasmyCoin $JASMY Unveils Layer 2 Solution, Jasmy Chain, to Democratize Data and Enhance Scalability

Jasmy has introduced its Layer 2 solution, Jasmy Chain, built on Ethereum blockchain, offering an efficient, cost-effective, and secure way for users to transact data, combining IoT and blockchain technologies for data storage and marketplace.

OKX Ventures Invests in Orbiter Finance's Decentralized Layer 2 Protocol

OKX Ventures Invests in Orbiter Finance's Decentralized Layer 2 Protocol

OKX Ventures invests in Orbiter Finance, a decentralized cross-Layer 2 protocol on Ethereum, aiming to redefine blockchain infrastructure and enhance decentralization.

Pantera Capital: Crypto Market Turns Bullish Amid Regulatory Clarity

Pantera Capital: Crypto Market Turns Bullish Amid Regulatory Clarity

Pantera Capital predicts a bullish trend in the cryptocurrency market, highlighting Bitcoin's potential for DeFi expansion, technological advancements, and regulatory favorableness, following the anticipated Bitcoin halving event.

Introducing Scroll Sessions: Native zkEVM Layer 2 for Ethereum

Introducing Scroll Sessions: Native zkEVM Layer 2 for Ethereum

Scroll has unveiled Scroll Sessions, a groundbreaking native zkEVM Layer 2 solution for Ethereum that aims to enhance scalability and reduce transaction costs. This article provides an overview of Scroll Sessions and its potential impact on the Ethereum ecosystem.

Polygon Solutions to Ethereum Scaling Challenges: An Overview

Polygon Solutions to Ethereum Scaling Challenges: An Overview

Ethereum's scaling problem is a long-standing issue, with its steady evolution ensuring safety and decentralization. Polygon 2.0 aims to address this by enhancing Ethereum's scalability. Polygon 2.0 consists of Polygon PoS, Polygon zkEVM, and Polygon CDK, designed to be interoperable for swift cross-chain transactions. These chains, which mirror the Ethereum Virtual Machine (EVM), enable developers to develop applications challenging to achieve on account-based systems like Ethereum. Polygon Labs plans to transform Polygon PoS into a zkEVM validium, mirroring Ethereum Virtual Machine (EVM) capabilities.

Aave Announces the Launch of Its V2 Liquidity Mining Program

Aave Announces the Launch of Its V2 Liquidity Mining Program

Aave announced the launch of the V2 liquidity mining (LM) program, which will operate for three months for analysis and end on July 15.

Metis Proposes Migration to Ethereum Mainnet for Enhanced Data Availability

Metis Proposes Migration to Ethereum Mainnet for Enhanced Data Availability

Metis, an Ethereum Layer 2 network, has proposed migrating its data availability back to the Ethereum mainnet. The move aims to simplify the launch of a decentralized sequencer pool and enhance data availability. The proposal is open for community feedback and will be subject to a Snapshot vote.

Ethereum Layer-2 Offchain Labs Raises $120M Led by Lightspeed Venture Partners

Ethereum Layer-2 Offchain Labs Raises $120M Led by Lightspeed Venture Partners

Offchain labs raised $120 million led by Lightspeed Venture Partners in its Series B financing Tuesday, aiming to expand Ethereum contracts to meet the growing demand for Ethereum transactions.

Arbitrum Bridge: A Comprehensive Guide

Arbitrum Bridge: A Comprehensive Guide

The Arbitrum Bridge is a Layer 2 solution for Ethereum, enabling secure, cost-effective asset transfers to the Arbitrum network. It supports a wide range of assets and networks, ensuring robust security and providing comprehensive troubleshooting guides.

Scroll Launches zkEVM Mainnet

Scroll Launches zkEVM Mainnet

Scroll unveils its zkEVM mainnet on October 17, enhancing Ethereum’s scalability and developer engagement. Employing zero knowledge proofs, it boosts transaction speeds and reduces costs, promising a near-identical Ethereum experience, without compromising security or decentralization. The launch follows extensive testing, with notable contributions to Ethereum Foundation’s Privacy and Scaling Explorations. The initiative eyes global developer adoption, advancing Ethereum’s Layer 2 solutions.

Ethereum's Layer 2s Break New Ground in Scalability

Ethereum's Layer 2s Break New Ground in Scalability

Ethereum has seen a 22% rise in value as of September 2023, largely attributed to the emergence of Layer 2 solutions like BASE by Coinbase, which enhance scalability and user affordability on the network. Leading Layer 2 blockchains, Optimism and Arbitrum, have surpassed major Layer 1 blockchains in Total Value Locked, indicating a growing trust and utilization in the Ethereum ecosystem. Despite centralization concerns, the progressive strides in Layer 2 solutions are poised to bolster Ethereum's standing as a dominant smart contract blockchain.

DeFi Giants Launch on Ethereum Layer 2 zkSync Era

DeFi Giants Launch on Ethereum Layer 2 zkSync Era

Some of the biggest names in decentralized finance, including Uniswap, Sushi, Maker, and Curve, are set to launch on zero-knowledge proof roll-up zkSync Era on March 24. The Ethereum layer 2 scaling network has opened to users in alpha after four years in development, enabling faster and cheaper transactions.

Ankr Enhances DeFi Ecosystem by Supporting OKX Chain's X1 Layer 2

Ankr Enhances DeFi Ecosystem by Supporting OKX Chain's X1 Layer 2

Ankr expands its infrastructure services by integrating support for OKX Chain's X1 Layer 2, enhancing scalability and DeFi access.

Coinbase Incubated Base Network Sets Sights on Mainnet Launch: A Boon for Ethereum Layer 2 Ecosystem

Coinbase Incubated Base Network Sets Sights on Mainnet Launch: A Boon for Ethereum Layer 2 Ecosystem

Base, an Ethereum Layer 2 (L2) network backed by Coinbase, is preparing for a mainnet launch, bringing its secure, low-cost solution for decentralized app (dApp) development to the forefront of the blockchain world.

Arbitrum Foundation and Fracton Ventures Ally to Boost Arbitrum Adoption in Japan

Arbitrum Foundation and Fracton Ventures Ally to Boost Arbitrum Adoption in Japan

The Arbitrum Foundation has formed a strategic partnership with Fracton Ventures to launch Arbitrum Japan, aiming to accelerate blockchain technology adoption and expand the Arbitrum ecosystem in the country. This alliance is poised to generate new business avenues, especially in finance and entertainment sectors, and bolster community engagement through educational initiatives.

Nocturne Crypto Shuts Down Version 1 for New Venture

Nocturne Crypto Shuts Down Version 1 for New Venture

Nocturne, initially established to enhance crypto privacy and accessibility, is refocusing its direction by shutting down Nocturne v1 to develop a new application-based product.

What is Shibarium?

What is Shibarium?

Shibarium, a Layer 2 blockchain by the Shiba Inu project, aims to enhance scalability and reduce transaction fees. Its development is community-driven, fostering innovation and collaboration.

Ethereum Layer 2 Startup Optimism Raises $150m in Series B Round

Ethereum Layer 2 Startup Optimism Raises $150m in Series B Round

Ethereum scaling startup Optimism has secured a $150 million Series B round co-led by Andreessen Horowitz and Paradigm.

Common Blockchain Misconceptions - Part 2 of 3

Common Blockchain Misconceptions - Part 2 of 3

Common Blockchain Misconceptions – Part 2 of 3

TikTok Encryption Layer Bypassed Google Android Safeguards to Track Users Data

TikTok Encryption Layer Bypassed Google Android Safeguards to Track Users Data

Following President Trump’s executive order against TikTok, new evidence has revealed that the social media app had been collecting unique identifiers from millions of mobile devices, allowing the China-based app to track user’s online without permission.

Hedera Hashgraph Chief Scientist Dr. Leemon Baird—Defeating the Byzantine Generals and Bringing a Layer of Trust to the Internet

Hedera Hashgraph Chief Scientist Dr. Leemon Baird—Defeating the Byzantine Generals and Bringing a Layer of Trust to the Internet

In our exclusive interview with Hedera’s Chief Scientist and Co-Founder Dr. Leemon Baird, Blockchain.News gets the details on how Hedera Hashgraph achieves Asynchronous Byzantine Fault Tolerance, the growing Hedera Governing Council and the use of the Hedera Hashgraph DLT to prevent coupon fraud.

Ethereum Could be Bigger Than Bitcoin by Market Cap in 10 Years, says Raoul Pal

Ethereum Could be Bigger Than Bitcoin by Market Cap in 10 Years, says Raoul Pal

Although Pal still believes that Bitcoin is the perfect collateral layer, he believes Ethereum may overtake Bitcoin by market cap in 10 years.

Ledger Will Provide its First Crypto Lending Partner YouHodler with Crypto Insurance

Ledger Will Provide its First Crypto Lending Partner YouHodler with Crypto Insurance

FinTech platform and crypto-backed loan service provider YouHodler has selected digital asset wallet provider Ledger Vault to be implemented across its platform, to offer its users an added layer of security and protection.

Ethereum Blockchain Now Has $2 Billion in Bitcoin as BTC Fever Taking Over DeFi Investors

Ethereum Blockchain Now Has $2 Billion in Bitcoin as BTC Fever Taking Over DeFi Investors

Currently, Ethereum holds more than $2 billion worth of Bitcoin on its blockchain, as investors are getting creative with BTC and anticipating its next bull run.

Uniswap Surpasses $2 Billion in Total Value Locked Amid KuCoin Hacker Dumping on the DEX

Uniswap Surpasses $2 Billion in Total Value Locked Amid KuCoin Hacker Dumping on the DEX

Decentralized exchange platform Uniswap, recently became the first decentralized finance (DeFi) protocol to surpass $2 billion in total value locked (TVL).

Square’s Cash App Q3 Report Attributes 80% of $2 Billion Revenue to Bitcoin

Square’s Cash App Q3 Report Attributes 80% of $2 Billion Revenue to Bitcoin

Square’s Cash App Q3 report shows that Bitcoin has overtaken all other revenue sources and accounts for 80% of its entire $2 billion third-quarter revenue.

Ethereum-Based Akropolis DeFi Protocol Hacked, More than $2 Million Stablecoins Stolen

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.

2% of Ethereum Supply Is Now Staked in ETH 2.0 Deposit Contract

2% of Ethereum Supply Is Now Staked in ETH 2.0 Deposit Contract

Amid the notable uptrend it experienced in recent weeks, 2% of Ethereum's total supply is now staked in ETH 2.0 deposit contract.

Less Than 2% of the World Has Had Exposure to Bitcoin but BTC to be One of the Fastest Climbs in History

Less Than 2% of the World Has Had Exposure to Bitcoin but BTC to be One of the Fastest Climbs in History

According to an on-chain analyst only less than 2% of the world's population own Bitcoin.

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