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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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A quarterly report focused on zero-knowledge (zk) technology indicates that privacy, scaling and identity solutions are major drivers of adoption in the blockchain space.Validator service provider zkValidator report's titled 'The State of ZK' delves into insights from the zk space, highlighting major and emerging use cases, research, product launches and notable investment
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This decentralized, global team of developers is ignoring the urge to be the first to scale Ethereum. For its holistic approach to build broadly and transparently, Scroll is one of CryptoX’s Projects to Watch 2023. Source
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Cross-chain automated marker maker Symbiosis has onboarded layer-2 scaling protocol zkSync to improve speed and reduce fees of token swaps on its platform.The decentralized exchange (DEX) was launched in March 2022. It provides single-sided stablecoin pools that deliver zero impermanent loss to liquid providers. It also facilitates ‘any-to-any’ native asset swaps
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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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ZKSync, an Ethereum layer-2 scaling solution, debuts its alpha mainnet to reduce congestion and improve transaction throughput. The ethereum (ETH) ecosystem witnesses a significant development as the alpha mainnet of ZKSync, a Layer 2 scaling solution, is officially launched. ZKSync aims to alleviate network congestion and bolster transaction throughput on ethereum
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OpenAI revealed that it has been using GPT-4 internally, functioning in sales, programming, support, and content moderation. Shortly after launching the ChatGPT that got global attention, artificial intelligence company OpenAI released a multimodal AI dubbed GPT-4. The latest technology is a new image and text-understanding AI model, which the company refers to as
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Per recent updates, the ETH Denver event is in progress with even more announcements and features being released to the crypto community. ERC-4337 launched Ethereum has for years supported three different iterations of smart contracts, that is, ERC-20, ERC-721, and ERC-1155. However, at this year’s ETH Denver, a new class of ERC-20 tokens was
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Several crypto firms have announced they will scale back or outright terminate their relationship with Silvergate Bank following an announced investigation into its alleged involvement in the FTX collapse.Amid news that crypto exchange Coinbase would no longer accept or initiate payments with Silvergate, companies including stablecoin issuers Paxos and Circle
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The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network, after developers launched the Base testnet on Thursday. The company said it is incubating Base within Coinbase and that the L2 chain will progressively decentralize over time. Coinbase L2 Scaling Platform Aims to Help
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