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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance’s BNB Chain has launched opBNB, an Ethereum Virtual Machine (EVM) compatible layer-2 solution on the BNB Smart Chain (BSC) network. opBNB is designed to bring more scalability, security, and cost efficiency to the BSC ecosystem. To
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Binance-founded layer-1 blockchain BNB Chain has introduced a new layer-2 chain it hopes to address its “scalability challenge.”On June 19, BNB Chain unveiled opBNB which launched as a testnet on June 19. The new layer-2 scaling solution is based on the Optimism OP Stack which it says will add additional
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Base, Coinbase’s layer-2 (L2) network, has finally unveiled its long-awaited roadmap, detailing the company’s long-term goals and objectives. According to the roadmap, the network does not plan to issue a token. Base is committed to building a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A proposal to combine the world’s largest decentralized autonomous organization, BitDAO, with the Ethereum-based layer-2 scaling protocol, Mantle, has been approved. The approval on May 19 sets the stage for BitDAO’s existing products, ecosystem, and native token,
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Decentralized liquidity protocol Aave has deployed on Ethereum (ETH) layer-2 scaling platform Metis, bringing a host of decentralized finance (DeFi) features and products to its ecosystem.Aave’s community recently voted in favor of a proposal deploying on zero-knowledge (zk) proof EVM zkSync, paving the way for the DeFi protocol to tap
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Decentralized finance (DeFi) protocol 1inch has deployed its aggregation and limit order protocols on Ethereum layer-2 scaling solution zkSync Era to tap into faster and cheaper transactions.1inch Network is the latest of a host of Ethereum-based platforms and services to deploy on the zero-knowledge proof (zk-proof) based scaling platform. Uniswap,
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Matter Labs, the team behind Ethereum’s layer-2 scaling solution, zkSync, has confirmed that 921 ETH worth $1.7 million is currently stuck in one of its new smart contracts, GemstoneIDO. Despite the issue, the firm claims that the funds are safe. Matter Labs have found an elegant solution to rescue them, which
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Developers may soon be able to port Solana Web3 apps to the Cosmos ecosystem, bringing new users to these apps and providing a greater variety of uses for Cosmos blockchains. According to a March 30 announcement from the developer of Cosmos-based network Injective (INJ), the team has released a layer-2 testnet
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In episode 13 of Cryptox’s Hashing It Out podcast, Elisha Owusu Akyaw sits down with Metis co-founder Elena Sinelnikova. Metis is an Optimistic Rollup built on Ethereum to explore the world of layer-2 blockchain technology, and its potential impact on decentralization, scalability and real-world applications. Sinelnikova shares her unique insights and experiences
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Layer-2 networks continue to gain momentum as the Ethereum ecosystem advances. For example, data from analytics provider Token Terminal found that layer-2 scaling solution Polygon had 313,457 daily active users as of Jan. 17, 2023 — a 30% increase in activity since October 2022. Moreover, the Polygon ecosystem recently announced the
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