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Ethereum Name Service plans layer-2 migration to reduce gas fees, boost speed
28.5.2024
The proposed ENSv2 aims to lower gas fees and improve transaction speed by moving out of Ethereum and transferring to a layer-2 network
Ethereum-Based Domain Protocol ENS Seeks Own L2, Possibly With ZkSync
28.5.2024
ENS’s proposal, dubbed “ENSv2,” will completely overhaul the network’s registry system, and transform it into a layer 2, an auxiliary network that provides cheaper transaction fees that is settled on Ethereum
Ethereum Layer 2 TVL Sets a New All-Time High at $47 Billion
27.5.2024
The TVL of Ethereum Layer 2s have reached a historical record of $47 billion, with key contributors including Arbitrum One, OP Mainnet, Base, and Blast.
The post Ethereum Layer 2 TVL Sets a New All-Time High at $47 Billion appeared first on Cryptonews
Fantom Foundation Creates Sonic Foundation, Labs for New Sonic Chain
23.5.2024
Alongside the new entities, Fantom raised $10 million in a funding round that will go towards Sonic’s ecosystem development
Plume, Layer-2 Blockchain for Real-World Assets, Pulls $10M in Seed Funding from Haun, Galaxy
23.5.2024
Plume plans to make it possible for people to easily – and compliantly – bring real-world assets (RWAs) like real estate and collectibles onto blockchains
Layer 2 vs. Execution Sharding: Vitalik Unveils the core distinctions
23.5.2024
The key difference between layer 2 and execution sharding lies in the variety of execution environments. The Ethereum L2s have successfully performed the roles of execution environments, and the focus of the discussions of the contemporary age is on the EVM equivalent of layer 2. Approaches like...
Layer-2 Network Starknet Gets Ethereum Virtual Machine With Zero-Knowledge Proofs
22.5.2024
The zkEVM, called Kakarot, already in testing, will be available via the Starknet Stack
Hack of a single multisig wallet could drain 12 Ethereum L2s of $121M
22.5.2024
One wallet has upgrade permissions for 12 Ethereum scaling networks, but Conduit founder Andrew Huang says it can’t transact without three signatures which would take a trio of physical attacks
Tristan Frizza, Founder of Zeta Markets, on Solana’s DeFi Layer 2 Plans, Perpetual Trading, and 2024 DeFi Summer | Ep. 336
21.5.2024
Tristan Frizza, the Founder of DeFi platform Zeta Markets, discusses how he came to build on Solana (encouraged by a chat with the chain’s founder), Solana’s congestion issues, building the first Solana L2, and how this will benefit Zeta and the wider community.
The post Tristan Frizza, Founder...
ZkSync, Ethereum Layer-2 Network, Hints at Airdrop By End of June
17.5.2024
Zero-knowledge (ZK) rollup zkSync has suggested that a governance token airdrop will take place at the end of June
Eclipse Labs Promotes Vijay Chetty to CEO Nearly a Week After Neel Somani's Ouster
16.5.2024
Neel Somani, the founder and CEO of Eclipse Labs, stepped down after sexual assault allegations recently surfaced
How to bridge to zkSync
15.5.2024
Uncover the step-by-step process of moving cryptocurrency to and from zkSync, ensuring smooth and effortless transactions
Alex bridge on BNB is drained of $4.3M after suspicious upgrade — Certik
14.5.2024
The deployer account changed an Alex contract’s implementation address, and multiple tokens were subsequently drained from its bridge
Celo Community Ratifies Plan to Use Optimism's OP Stack for New Layer-2 Chain
10.5.2024
The vote passed with overwhelming support, with 65 addresses representing 14.6 million CELO tokens signaling approval for the measure
Franklin Templeton Praises Base Network in SocialFi, Cites Success with Friend.Tech
10.5.2024
Franklin Templeton, has spotlighted Base, an Ethereum layer 2 (L2) network incubated by Coinbase, as a frontrunner in the realm of Social Finance (SocialFi) with its application, Friend.tech.
The post Franklin Templeton Praises Base Network in SocialFi, Cites Success with Friend.Tech appeared first...
Ethereum L2 Eclipse CEO steps back amid sexual misconduct claims
10.5.2024
Eclipse founder and CEO Neel Somani said he would “work to clear my name and defend myself” and will move away from a public-facing role at the firm
Gains Network Fork Bug Allowed Traders To Profit 900% On Every Trade: Report
10.5.2024
The Ethereum layer-2-based Gains Network was vulnerable to having all of its funds drained, according to Zellic.
The post Gains Network Fork Bug Allowed Traders To Profit 900% On Every Trade: Report appeared first on Cryptonews
Sexual Misconduct Allegations Lead Founder of Ethereum Layer-2 Chain 'Eclipse' to Step Back
10.5.2024
Neel Somani, founder of Eclipse, which builds a layer-2 blockchain for Ethereum, said sexual misconduct allegations circulating against him on X were "false."
Optimism to roll out new Superchain features for layer-3 devs
9.5.2024
The layer-2 Ethereum scaling provider wants to onboard developers to build layer-3 DApps on its Superchain
Bitcoin Layer-2 Builder Botanix Labs Raises $8.5M From Polychain Capital, Others
7.5.2024
The New York-based firm built Spiderchain to be compatible with Ethereum Virtual Machine (EVM) layers