Thursday, February 27, 2025
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Blockchain Scalability Issues & The Solutions Offered By Layer 2 Protocols

At the dawn of the blockchain age, Layer 1 laid the foundation for what has become one of the revolutionary industries in this Millenium. Layer 1 is the underlying main blockchain architecture. Ethereum and Bitcoin chains are considered Layer 1 and although these chains kickstarted the blockchain industry into gear,

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DefiDollar Raises $1.2M to Be the Risk-Insured Stablecoin Layer for DeFi

India-based DefiDollar has raised $1.2 million in a seed round led by Divergence Ventures, Standard Crypto and Accomplice. The goal: to build an index for hedging the risks associated with different types of stablecoins.DefiDollar believes users need to diversify risks through a stablecoin aggregator. Take, for example, the censorship risks

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Ethereum’s Vitalik Buterin Calls on Power Users to Move to Layer 2 Scaling

In the face of Ethereum’s recent rocketing transaction fees, its founder and chief scientist, Vitalik Buterin, called on users of the second-largest blockchain to move over to scaling solutions that are “already here for many classes of applications.”Buterin took the opportunity while speaking at the opening keynote of CryptoX’s invest:

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Ethereum Gas Fees Drive Gnosis-Powered Prediction Market to xDai’s Layer 2

This isn’t the CryptoKitties craze of 2017. “The situation is different now,” Stefan George of Gnosis told CryptoX. Lots of dapps are clawing for Ethereum’s compute power. If activity calms on one decentralized finance (DeFi) platform, it’s likely to perk up on another. “Ethereum is on the way to becoming a whale

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Marlin Releases Open-Source ‘Layer 0’ Transaction Relayer for Ethereum

Blockchain startup Marlin has released its relay network framework OpenWeaver in an effort to speed up block propagation on the Ethereum network. Based in San Francisco, U.S. and Bangalore, India, Marlin’s open-source “Layer 0” OpenWeaver enables users to find and build blocks quicker on Ethereum than those only leaning on the

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Base Layer Wars Heat Up With Another $12M Committed to AVA Labs’ Avalanche Blockchain

Avalanche blockchain developer AVA Labs has closed a $12 million private sale of its AVAX token. The funding round was co-led by Galaxy Digital, Bitmain, Initialized Capital, NGC Ventures and Dragonfly Capital, and included other undisclosed individual investors. The sale precedes a planned public offering of the Avalanche token to U.S.

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