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Ethereum co-founder Vitalik Buterin believes the Bitcoin network needs scalable solutions like the zero-knowledge (ZK) rollups to become more than another payment network. Buterin’s comments came during a Twitter space hosted by Bitcoin developer Udi Wertheimer with discussions revolving around Ethereum’s scaling experiments.A ZK-rollup chain is an off-chain protocol that
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Base, a new layer 2 application-focused protocol by Coinbase has just one criteria left to fulfil before being ready for mainnet launch.On June 29, the team said the Optimism-powered, Ethereum-secured network has been subject to six months of rigorous security audits — both internally and externally — its second-last criteria
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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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