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Bitrock is a layer-2 sidechain compatible with Ethereum. It uses a proof-of-authority (PoA) consensus mechanism, and relies on a group of trusted validators for security. The platform focuses on speed, cost-efficiency, and security, executing transactions within seconds and at near-zero costs. Currently, Bitrock can process 12,000 transactions per second (TPS), with
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In his 2021 rollup primer, Buterin wrote, “In general, my own view is that in the short term, Optimistic rollups are likely to win out for general-purpose EVM computation and ZK rollups are likely to win out for simple payments, exchange and other application-specific use cases, but in the medium
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As Cosmos and other blockchain ecosystems have expanded, Ethereum continues to house most decentralized app development. Even as new non-Ethereum chains have stolen some of its spotlight, many of the most popular newer chains – among them Avalanche, Fantom and Polygon – are built to be compatible with the Ethereum
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The network wants to attract decentralized finance projects in a shift toward retail traders. Original Source
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Another layer 1 smart contract platform is positioning itself to enter an increasingly crowded race for users and transaction volume.On Monday, Oasis Labs – developers of the Oasis privacy-preserving blockchain network – announced the launch of Emerald, an Ethereum Virtual Machine (EVM)-compatible ParaTime smart contract execution environment.Oasis allows for multiple
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Matter Labs has announced a major new funding round to further develop the second version of its Ethereum-based rollups, zkSync.On Nov. 9, Matter Labs announced it had secured $50 million in a Series B round led by Andreessen Horowitz and included participation from existing investors Placeholder and Dragonfly Capital. The new
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A major consensus bug has affected more than half the Ethereum network’s nodes, causing those running older versions of Geth to split from the main network.According to Ethereum software developer Marius van der Wijden, an unknown individual or group exploited a vulnerability affecting earlier versions of Geth, one of Ethereum's
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