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As a layer 2 blockchain, Polygon is designed to process transactions at a greater speed and lower cost than the main Ethereum network. Polygon also has aspirations to expand beyond Ethereum to become an "internet of blockchains", connecting any Ethereum-compatible networks together, while continuing to reduce transaction costs and increase
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“Layer 2s have single instance sequencers that act as block producers,” said Chiu. “So we set off to modify Geth [a programming language for running Ethereum nodes] in such a way that smart contracts on Boba can call any external API. Suddenly, you can do machine learning off-chain and have
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One decentralized finance trader told CryptoX via Discord that “this is fairly big news because it will enable more people to use Arbitrum without having to touch Ethereum.” Currently, users have to go onto a different network, then bridge to Aributrum, which can be expensive, the trader said. Source
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Nahmii, a system designed to scale Ethereum with the needs of regulated institutions in mind, is launching its mainnet. The project is armed with $8 million in funding from the ConsenSys alums at DARMA Capital, Aligned Capital and Delta Fund.Layer 2 networks that run on top of the Ethereum mainnet
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