Thursday, June 20, 2024
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Celo Developer Proposes Mid-January Timeline for Evaluating Closely Watched Layer-2 Move

"Note that we are selecting codebases and sub-components here, so we feel it is less useful to directly compare metrics like TVL, transaction count, users, except as indicators of what a closer collaboration and/or shared bridge between the two ecosystems could look like in future," cLabs wrote. "This exercise is

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New Ethereum layer-2 network Blast sees a massive $310m inflow

Blast’s innovative layer-2 blockchain sees $310 million in deposits amidst users’ criticisms.  Blast Bridge, a new Ethereum layer-2 blockchain, saw an inflow of $310 million in assets shortly after its debut. This significant influx of assets includes substantial deposits of 129,866.52 ETH through Lido and 42,587,100 DAI via Maker MSR.Launched by

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OKX unveils exclusive Layer-2 blockchain powered by Polygon

OKX launches its Layer-2 blockchain, leveraging Polygon’s technology, to enhance digital transaction efficiency. Leading crypto exchange OKX has introduced its own exclusive Layer-2 blockchain, the X1 chain, leveraging technology from Polygon. This move places OKX in a growing league of exchanges actively developing secondary networks to enhance the efficiency and cost-effectiveness

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OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK

Crypto exchange OKX has launched a testnet for an upcoming Ethereum layer-2 network named “X1,” according to a Nov. 14 announcement. The network is being developed using the Polygon chain development kit (CDK) and will use zero-knowledge proofs to validate deposits and withdrawals between layers.OKX exchange interface. Source: OKXOKX is

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Kraken looking to ‘solve’ industry challenges amid layer-2 rumors

Crypto exchange Kraken neither confirmed nor denied rumors of the company’s plans to potentially release a layer-2 solution similar to what its competitor Coinbase did with the Base network earlier this year.The rumors were fueled by reports citing anonymous sources and a job posting from Kraken highlighting that the organization

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Polygon, Matter Labs, Nil Said to Be in Running for Kraken Layer-2 Blockchain

"We are enthusiastic about open source, layer-2 technologies, zero-knowledge proofs, multi-party computation, and continuously strive to explore the potential of on-chain scaling solutions," the job description reads. "The team has recently embarked on exploring how more protocols and decentralized applications can be integrated into Kraken." Source

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Ethereum’s Dencun Upgrade Will Increase Data Availability for Layer-2 Rollups : Goldman Sachs

Proto-danksharding will also “serve to set the scaffolding for future scalability upgrades, including danksharding, as part of the blockchain’s ‘Surge’ roadmap,” the report said. Danksharding is a way of making Ethereum more scalable, and applies the same concept of splitting the network into shards, but instead of using these shards

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