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In the meantime, the focus has shifted away from the Ethereum network itself to layer 2 systems like “rollups,” which scale the Ethereum network off-chain while borrowing its essential security guarantees. An entire layer 2 industry has popped up to scale, or increase capacity on, Ethereum, with leading products such
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Cryptox is following the development of an entirely new blockchain from inception to the mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group.Scalability is a popular topic in blockchain, but few ever explain what we mean by that term. When we
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Ethereum scaling solution Optimism has raised $150 million in a Series B funding round co-led by top crypto investors Paradigm and Andreessen Horowitz (a16z) at a $1.65 billion valuation. The funding will largely go toward hiring, according to a Medium post from the company. Original Source
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Espresso Systems is developing layer 1, or base blockchain, infrastructure to deliver fast, low-fee transactions by integrating a proof-of-stake consensus protocol with a zero-knowledge (zk) rollup mechanism that can bundle multiple transactions in a more resource-efficient way. Source
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By looking at the performance of tokenized Ethereum scaling tools (Polygon, Metis, Boba) vs. tokenless layer 2s (Arbitrum, Optimism, all ZK rollups), it's clear that the launch of a token economy allows networks to generate hype, build community and establish grants used for innovation and security. The total value locked
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Over the past couple of years, Ethereum rollups have taken two different directions in scaling the base layer, categorized as Optimistic and Zero-Knowledge. Both technologies have seen some level of adoption, with Arbitrum being the most notable Optimistic chain and DyDx taking advantage of ZK technology for its leveraged trading
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Cardano announced its Hydra protocol last year and has continued to develop on it ever since. The project which finally gained smart contract capability in 2021 has been making strides in proving that it is a force to be reckoned with in the space. Its decentralized finance (DeFi) space has
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On Dec. 27, 2021, Metis Andromeda, a Layer 2 network based on a fork of Optimism, clocked a 7-day 142% TVL increase, surpassing $180 million. Footprint Analytics:Metis TVL One of the most fascinating parts of the story is that the head of the decentralized autonomous corporation (DAC) behind Metis is Vitalik Buterin’s
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A note from JPMorgan states that Ethereum might be at risk of losing defi dominance as a result of its inability to produce effective scaling solutions fast. The note, written by Nikolaos Panigirtzoglou, managing director of global markets strategy at the firm, further stated that other new smart contracts-enabled blockchains
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Coinbase Chief Product Officer Surojit Chatterjee is the latest to publish his predictions for the crypto industry in 2022 and he foresees major advances in the scaling of Ethereum.Industry leaders, analysts, and investors are sharing their 2022 predictions for the crypto ecosystem, and Coinbase’s Surojit Chatterjee is confident that Ethereum
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