Vitalik Buterin of Ethereum has bemoaned the fees charged for transactions from layer 2 scaling networks. The Ethereum co-founder replied to a tweet that mentioned several layer 2 networks and how muc...
Tag: layer
Ethereum Privacy Layer Recruiter Claims to Have Interviewed North Korean Hacker for a Job
Aztec Network growth lead Jonathan Wu claims he may have interviewed a North Korean hacker for a job at the Ethereum layer two (L2) privacy protocol. North Korean hackers are notorious for pillaging b...
What Are Layer 2 Solutions? Meet The Top 5 By Market Cap!
Blockchains like Ethereum have been the most sought-after since their debut in the crypto sector. With the vast amount of projects and individuals on the network, it is expected to be now congested. T...
What 12M ETH staked in Ethereum consensus layer reveals about price
Momentum around Ethereum, the largest altcoin has significantly increased or remained bullish of late thanks to the much-anticipated ‘Merge‘. Last month, the Ethereum consensus layer deposit contract ...
10% of ETH’s Supply Locked in Consensus Layer Deposit Contract
Key Takeaways Ethereum’s consensus layer deposit contract now contains over 12 million Ethereum, over 10% of the entire supply. Over 360,000 validators have each locked at least 32 ETH in the co...
Layer 2, Decentralized Exchanges Show Strong Growth on Ethereum in Q1 2022
The circulating supply of stablecoin grew 188% to $122 billion, while spot trading volumes on decentralized exchanges exceeded $3.9 trillion in the past year. Much of this came from Tether (USDT), who...
Layer by Layer Issue 29: Avalanche, Terra, and Polkadot
April 28, 2022, 8:16AM EDT • 17 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridge...
Ethereum Layer 2 Network Optimism Is Dropping a Token
Key Takeaways The Ethereum Layer 2 network Optimism is launching a token and new governance model. The Optimism team has announced that the token will be distributed via a series of airdrops, and that...
Introducing Scroll, Ethereum’s Newest Layer 2 Scaling Solution
Key Takeaways After months of development, Scroll was announced today. Scroll is a zkEVM-based execution layer Ethereum Layer 2 scaling solution. The teams seeks to take the powerful zero-knowledge ro...
Digital Currency Ecosystems Company BTCS Inc. Adds Ethereum Layer 2 Sidechain Polygon
An early mover in the blockchain and digital currency ecosystems BTCS Inc. announced the addition of Layer 2 Proof-of-Stake (PoS) sidechain Polygon (“MATIC”) to its blockchain infrastructure operation...
MakerDAO’s DAI Heads to Ethereum Layer 2 StarkNet
Key Takeaways MakerDAO has announced a multi-phased integration with the Ethereum Layer 2 network StarkNet. The first of the four planned phases will include a DAI bridge between Ethereum and StarkNet...
A Complete Guide to Layer 2 Swap and NFT Minting
The layer-2 scaling solutions industry is seeing a strong foothold in 2022, with more money flowing into the space in the form of institutional investments and mass adoption witnessed by its growing u...
Layer by Layer Issue 28: NEAR, Cosmos, and Solana
April 14, 2022, 7:48AM EDT • 17 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridge...
Secret Network Announces Partnership with Modular Settlement Layer dYmension
Secret Network, which provides data privacy for smart contracts, announced a partnership with dYmension, which will provide the tools and infrastructure to network and aggregate Cosmos ecosystem layer...
Scaling at the data layer and “layer zero”
April 12, 2022, 12:30PM EDT • 13 min read Quick Take Scalability is hard for decentralized blockchains because numerous confirmations by a large network of nodes are both computationally intensive and...
Ethereum-based Layer 2 Network Boba Raises $45M In a Series A Funding Round
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5 Best Layer 1 Blockchain Cryptocurrency to Invest in Now April 2022 Week 1
The cryptocurrency market has suffered a dip. Having had a good couple of weeks, its total cap has fallen by 3.5% in the past 24 hours, to $2.19 trillion. Most major coins have also fallen by similar ...
Ethereum Layer 2 Boba Network raises $45M at a $1.5B valuation
Boba Network, an Ethereum Layer 2 scaling project that utilizes optimistic rollups, has raised $45 million in Series A funding at a $1.5 billion valuation. Investors included Crypto.com, Huobi, BitMar...
How to Bridge from Ethereum to Layer 2
These days, crypto is composed of layer-1 and layer-2 technologies. Layer 1s are the base layer of a blockchain network—think Solana, Ethereum and Bitcoin. Layer-2 networks sit on top of layer-1 netwo...
Boba Network Team Announces WAGMI Upgrade to Grow Ethereum Layer 2 Optimistic Rollup Scaling Solution
Boba Network looks to continually leverage the WAGMI incentives program via a newly-released V2 upgrade which offers fresh improvements. The team behind Boba Network, a Layer 2 Ethereum scaling & ...
CHILIZ Launches Layer 1 Blockchain for Sports and Entertainment Industry
Chiliz has announced the launch of the Scoville testnet for the newly established Layer 1 blockchain network Chiliz Chain 2.0 (also known as CC2). Chiliz (CHZ) is a blockchain-based sports platform th...
Polkadex Starts Testing Interoperability Layer as Thea Testnet Goes Live
Vladislav Sopov Polkadex, the first cross-chain DEX with automated market making engine, shares the details of its Thea release Contents Polkadex exchange activates Thea interoperability testnet Mainn...
Layer by Layer Issue 26: Solana, NEAR, and Polkadot
March 31, 2022, 8:37AM EDT • 21 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridge...
2017-Era Layer 1s Are Showing Signs of Life (Somewhat)
Key Takeaways EOS, Zilliqa, and Internet Computer have all rallied today amid renewed strength in the market. The three early Layer 1 assets look ready to resume their uptrends. Other cryptocurrencies...
Cardano Set to Hit Major Interoperability Milestone as EVM Compatible Layer 2 Launches
Tomiwabold Olajide Key interoperability milestone nears on Cardano as EVM-compatible Layer 2 launches Cardano might be set to hit a major interoperability milestone amid the debut of Milkomeda, an EVM...
Why is David Beckham shilling a low cap layer one blockchain?
Digitalbits, a layer one blockchain solution with a market cap of just over $400 million, announced that David Beckham will be their new global ambassador. According to the statement, he will “help to...
Cardano Reports Another Significant Milestone for Layer 2 Hydra Solution: Details
Tomiwabold Olajide Hydra refers to a collection of Layer 2 solutions aimed at improving network security and scalability Contents Cardano founder highlights ecosystem growth Cardano large holder addre...
GameStop NFT Platform’s Layer 2 Plans Sow Confusion
Key Takeaways A blog post from Loopring announcing that the beta of GameStop’s NFT marketplace is powered by its scaling solution has sparked confusion. GameStop had previously partnered with Im...
Web3 infrastructure startup Mysten Labs unveils its Layer 1 blockchain
advertisement Mysten Labs, a web3 infrastructure startup founded by four former Meta engineers, has unveiled its inaugural product: a Layer 1 blockchain called Sui. Sui is a permissionless proof-of-st...
Importance of Blockchain Layer Two With Layer One
What is blockchain layer one? Blockchain layer one is the traditional Ethereum blockchain that has been around since 2015. It was first used as a crowdfunding tool via ICOs, which helped its developme...