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Like other layer-2 Ethereum rollups, Eclipse lets people transact on Ethereum with faster speeds and lower fees. To accomplish this, it operates as its own network, written using the Solana Virtual Machine (SVM) — the fast and cheap execution architecture spearheaded by Ethereum's biggest competitor, Solana. Similar to other layer
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The banking giant was one of the early leaders in applying blockchain tech to traditional financial activities, executing over $1.5 trillion of transactions since its inception. Source
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Initially launching as a layer-2 solution on Ethereum, Atlas is designed to plug into both Ethereum and Solana’s liquidity pools. Key features will include low-latency transaction processing, reliable oracle updates, and robust sequencing for non-custodial, on-chain price discovery, according to Haun Ventures. Source
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Chainlink hopes CRE will be as important for Web3 as COBOL and JavaScript, which were important for automating finance and bringing it to the internet. Source
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"There could be some pronounced effects," David Shuttleworth, partner at Anagram, told CryptoX, noting that the amount of tokens being unlocked is multiple times larger than the average daily trading volume between $50 million and $200 million over the past month. "The broader timing, however, is favorable," he added, with
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The project is among those aiming to decentralize blockchain "sequencers" – the component of a layer-2 network that compiles transactions happening on the secondary network, in order to record them on a main layer-1 blockchain, like Ethereum. Metis, a layer-2 network for Ethereum, has developed its own decentralized sequencer, for
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“Now, that's very different from, let's say there's somebody who comes and builds an order book DEX on Polygon PoS," he said. "If they were doing $20,000 of fees over multiple months, it would be a massive failure, because you would expect massive numbers of orders placed and canceled and
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“Over the last 10 years, no one has managed to build a high-performance blockchain. I think the incentives in the space have really skewed people towards short term wins, pumping tokens [and] not actually solving real problems,” he said, adding that average transaction volumes on some chains are in the
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The developers behind BOB, a build-on-Bitcoin project, released a new "vision paper" Thursday outlining a design for a "hybrid layer-2" network they say could help to position Bitcoin – the oldest and largest blockchain – as the new foundation for decentralized finance (DeFi). Source
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