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Community Backlash Forces Matter Labs to Drop ‘ZK’ Trademark Bid
4.6.2024
The developer of the Zksync Ethereum Layer 2 network, Matter Labs, abandoned its bid to trademark the term ‘ZK’ just days after asserting its right to do so. Matter Labs’ trademark bid withdrawal follows a furious community backlash that ultimately saw co-inventors...
Why Ethereum ETF day one inflow won’t be like Bitcoin — Fireblocks MD
3.6.2024
Stephen Richardson’s view aligns with Bloomberg’s ETF analysts, who expect the spot Ether ETFs to capture 10-20% of the flows that Bitcoin ETFs did at launch
Linea blockchain halt highlights slow decentralization of Ethereum L2s
3.6.2024
Linea said it halted the sequencer as a “last resort” action to prevent additional funds from bridging out but intends to decentralize in the near future
Bitcoin’s Scaling Dilemma: Binance Report Sheds Light on BTC’s Enhancement Hurdles
30.5.2024
Amidst the backdrop of this year’s skyrocketing BTC transaction fees and a congested network, the latest Binance Research report, “The Future of Bitcoin #3 – Scaling Bitcoin,” unveils several approaches to addressing Bitcoin scalability. As average onchain fees have...
Alex Labs rolls out post-exploit recovery plan
30.5.2024
Alex Labs has revealed a recovery roadmap and enhanced security measures post-exploit aimed at rebuilding community trust and resuming operations
ENS Labs proposes Layer 2 expansion of Ethereum Name Service
29.5.2024
ENS Labs proposes that the Ethereum Name Service (ENS) be expanded to Layer 2 (L2), and the entire exercise be referred to as ENSv2 from this point forward. The company is not only transferring the fundamental components of the ENS protocol, but they are also transferring their extensive expertise...
Magic Integrates Etherlink to Enhance Tezos dApp Development
29.5.2024
Magic partners with Etherlink to boost Tezos dApp development with enhanced scalability and security, improving user and developer experiences by combining wallet SDK with EVM-compatible layer 2 solution.
The post Magic Integrates Etherlink to Enhance Tezos dApp Development appeared first...
Ethereum Name Service Proposes Protocol Migration to Layer 2 to Reduce Gas Fees
29.5.2024
Domain naming system Ethereum Name Service (ENS) has proposed an ENSv2 upgrade migrating to Layer 2 to reduce gas fees and increase transaction speeds.
The post Ethereum Name Service Proposes Protocol Migration to Layer 2 to Reduce Gas Fees appeared first on Cryptonews
Anurag Arjun, Co-founder of Avail, on Scaling Ethereum, The Future of L2s, Rollups, and Why Crypto Needs a Unification Layer | Ep. 338
28.5.2024
Avail co-founder Anurag Arjun discusses rebranding Matic to Polygon, establishing Avail to provide the infrastructure for future crypto, rollups as blockchains' future, and Avail's two essential components to support that future: data availability (DA) layer and the unification layer, Nexus.
The...
Starknet launches $25M token incentive for top projects
28.5.2024
This marks the first installment of Starknet’s Catalyst program, aiming to incentivize blockchain development on the network
Polygon Labs co-founder Sandeep Nailwal assumes new ZK role
28.5.2024
Establishing the new role, Polygon co-founder Sandeep Nailwal will increase focus on growing ZK solutions, including Polygon CDK
Aave Network Set to Launch Following Aave V4 Protocol
28.5.2024
In a recent social media post, Stani Kulechov, the founder of Aave, announced that the Aave Network is expected to launch following the completion of the Aave V4 protocol. This development is eagerly anticipated by the defi community, as the Aave Network is projected to become one of the largest...
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