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Bitrock is a layer-2 sidechain compatible with Ethereum. It uses a proof-of-authority (PoA) consensus mechanism, and relies on a group of trusted validators for security. The platform focuses on speed, cost-efficiency, and security, executing transactions within seconds and at near-zero costs. Currently, Bitrock can process 12,000 transactions per second (TPS), with
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The Ethereum (ETH) ecosystem could welcome a variety of new layer 2 (L2) protocols built on Polygon’s newly open sourced codebase Chain Development Kit, which harnesses zero-knowledge proof (ZK-proof) technology to ensure security and fast finality.Jordi Baylina, technical lead of Polygon Hermez zkEVM, spoke to Cryptox exclusively about the new
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Earlier today, XRPL Labs divulged its latest development: Xahau Ledger, a smart contract sidechain integrated into the XRP Ledger (XRPL) ecosystem. This
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Gnosis Card, which uses the Visa payment system, will be a debit card directly connected to a user’s on-chain account, built on the Gnosis Pay decentralized payment network, according to Gnosis. Users’ wallets – in this case Safe wallets – will act like a bank account, and every Gnosis Card
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Mintlayer, a Bitcoin sidechain, recently launched an open-source development grant program with $4m worth of ML tokens available for developers. Mintlayer funding innovation in Bitcoin’s ecosystem The grants initiative by Mintlayer is specifically designed for projects that would be valuable for the Mintlayer protocol but may not necessarily be profitable. Projects that
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The Mintlayer sidechain allows users to build a decentralized ecosystem on the Bitcoin blockchain, opening it up to DeFi, Smart Contracts, Atomic Swaps, NFTs, and dApps. Bitcoin sidechain Mintlayer has announced the launch of a $4 million open-source development grants initiative and the start of accepting applications. The grants program launch
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Rally, a social token platform, has announced nonfungible tokens (NFTs) on its sidechain will no longer be accessible.Users reported across social media platforms that Rally said the platform’s sidechain will “begin to sunset” after Jan. 31, leaving users unable to access NFTs once the site fully shuts down. The site’s
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Cardano joins Polkadot in offering the framework, which allows developers to experiment with niche applications in a live environment without compromising the main network. Sidechains can increase the transaction capacity, enabling more data to be processed without increasing the risk of network downtime. Source
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According to an announcement from Ripple’s core development team Ripplex, developers have introduced the first step toward Ethereum Virtual Machine (EVM) compatibility with the XRP-based sidechain XRPL. The XRPL is now live on Devnet and developers can “assess available technologies,” alongside deploying “existing Solidity apps on the EVM sidechain.” Ripple Core
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