Search Results for "layer-2"
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.”
Bitfinex to List TAIKO, Native Token of Ethereum Layer-2 Network Taiko
Bitfinex announces the listing of TAIKO, the native token of Taiko, an Ethereum-based Layer-2 network.
Understanding zkSync (ZK): A Comprehensive Overview
Explore zkSync, a Layer-2 protocol designed to scale Ethereum using zero-knowledge cryptographic proof-based technology, enhancing throughput while maintaining security and decentralization.
Celo Foundation Promotes Eric Nakagawa to Executive Director Amid Leadership Expansion
Celo Foundation elevates Eric Nakagawa to Executive Director and Isha Varshney to Head of Ecosystem, enhancing its leadership team amid an Ethereum Layer-2 migration.
Celo Foundation: cLabs Introduces Dango, a New Layer-2 Testnet for Celo
cLabs unveils Dango, a Layer-2 testnet for Celo, enhancing blockchain performance and scalability with Optimism’s OP Stack.
Eigen Foundation Grants First Strategic Funds to Celo Foundation for Layer-2 Integration
Eigen Foundation grants its first strategic funds to Celo Foundation, enhancing Celo's Layer-2 with EigenDA's data availability.
Understanding Stacks (STX): Bitcoin's Layer-2 Solution for Smart Contracts
Explore how Stacks (STX) enhances Bitcoin by enabling smart contracts and DApps, leveraging Bitcoin's security while expanding its functionalities through a unique layer-2 network.
Ethereum's Base L2 Dominates Revenue with Priority Fees and DEX Activity
Base, an Ethereum layer-2 solution by Coinbase, leads in revenue generation due to its unique fee model and decentralized exchange activity, surpassing other top rollups.
Matter Labs to Reveal its ZkSync Token Specification in November 2022
Matter Labs is set to unveil its token specification in November as it looks toward full ecosystem functionality
Polygon Co-Founder Proposes zk-Powered ApeChain
A proposal for developing a dedicated Layer-2 chain, ApeChain, to support ApeCoin ecosystem’s growth was made within the ApeCoin DAO community by Sandeep Nailwal of Polygon Labs. The initiative aims to solve scalability issues and promote ApeCoin-integrated projects through a collaborative effort between ApeCoin DAO and Polygon Labs. Estimated at an annual cost of $200,000 funded by ApeCoin DAO, the proposal garnered support as well as raised concerns and queries from the community regarding its financial, technical, and strategic aspects.
Ethereum's Dencun Upgrade: Catalyst for Ecosystem Expansion and Price Surge in 2024
The Ethereum network is poised for significant growth in 2024, thanks to the Dencun Upgrade, which aims to enhance network efficiency, scalability, and decrease transaction costs.
Polygon(Matic) to Slash zkEVM Transaction Fees by 20%
Polygon, the scalable Ethereum layer-2 solution, has announced its intent to optimize its zkEVM (Zero-Knowledge Ethereum Virtual Machine) in the coming weeks.