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The L2 solution has been highly anticipated especially by most Defi projects that run on the Ethereum mainnet.High transaction fees that have characterized the Ethereum ecosystem are expected to continue being a challenge until July, according to project insights reported by Cryptonews.com. The Ethereum community was expecting the layer 2
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Chainlink (LINK) oracles have made their way to xDai, an Ethereum sidechain that has seen growing adoption among DApp developers who cannot afford to stay on the Ethereum mainnet. As announced by Chainlink on Thursday, its price feeds are live on the xDai mainnet, offering price data for an initial
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In an ongoing effort to battle escalating transaction fees while creating a unified ecosystem, Ethereum co-founder Vitalik Buterin has proposed a solution for a particular type of cross-rollup scaling.The proposal outlines how two protocols using rollups can communicate with each other while maintaining interconnectivity and composability.Rollups are layer-two solutions that
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Hermez Network sets out to provide faster and cheaper transactions on Ethereum. Source
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In the face of Ethereum’s recent rocketing transaction fees, its founder and chief scientist, Vitalik Buterin, called on users of the second-largest blockchain to move over to scaling solutions that are “already here for many classes of applications.”Buterin took the opportunity while speaking at the opening keynote of CryptoX’s invest:
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AdEx, the open-source global decentralized ad network has improved greatly in the past few months, thanks to upgraded
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A bunch of my friends from high school back in Kansas were getting together for a birthday at a hometown bar a little while back and I, now a New Yorker, couldn’t be there. So I told one of my buddies to buy everyone a round and Venmo me for
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The bitcoin market continues to display weakness; xDai total value locked shows interest in Ethereum scaling solutions.Bitcoin (BTC) trading around $10,285 as of 20:00 UTC (4 p.m. EDT). Slipping 1.8% over the previous 24 hours.Bitcoin’s 24-hour range: $10,250-$10,575BTC below its 10-day and 50-day moving averages, a bearish signal for market
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A new study from Bitcoin startup Veriphi finds companies and users sending bitcoin transactions could have saved more than half a billion dollars in fees if all companies, including wallets and exchanges, had used the most up-to-date technology. Each bitcoin transaction has an optional fee tacked on. Users have the ability
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The infrastructure propping up Bitcoin might become easier for anyone to spin up and run. Lightning creator Tadge Dryja has been working on a new design for a lighter weight Bitcoin full node, about which he first wrote a paper in 2019. Last week, he and a team of coders released
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