Layer-2 adoption could spur the next crypto turning point

A mysterious Redditor may turn out to be clairvoyant with predictions that layer-2 scaling solutions on Ethereum will take center stage in the coming months.

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Vitalik Buterin says ETH Layer-2 fees need to reach $0.05 to be acceptable

Ethereum (ETH) founder Vitalik Buterin said the gas cost levied on Layer-2 solutions must be significantly lower before they can be “acceptable. ” Vitalik commented in response to a tweet by Ryan Sean Adams — a well-known crypto investor — showing a list of gas prices needed to connect tokens to the Ethereum network through different […] The post Vitalik Buterin says ETH Layer-2 fees need to reach $0.

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Ethereum L2 Boba Network valued at $1.5B following Series A

In terms of adoption and TVL, layer-2 scaling solutions continue to lead the cryptocurrency industry by a wide margin.

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Layer-2 money market zkLend raises $5 million in seed round

Ethereum Layer-2 scaling solutions are seeing more and more protocols building on them as the technology becomes increasingly mature. The post Layer-2 money market zkLend raises $5 million in seed round appeared first on CryptoSlate.

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Why Loopring could test $1 soon

Loopring and other Ethereum layer-2 solutions are set to explode as Eth 2.0 is…

The post Why Loopring could test $1 soon appeared first on Coin Journal.

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Loopring vs. Polygon: which one is a better buy?

Key points: Both Loopring and Polygon are Ethereum layer-2 solutions. Layer-2 solutions are set… The post Loopring vs. Polygon: which one is a better buy? appeared first on Coin Journal.

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This Ethereum L2 rose by 1551%, outperformed Loopring, dYdX, Optimism

Ethereum has seen a myriad of Layer-2 solutions developing over time, with the fight to gain prominence never-ending. However, the emergence of Boba Network has challenged some longstanding L2 solutioThe post This Ethereum L2 rose by 1551%, outperformed Loopring, dYdX, Optimism appeared first on AMBCrypto.

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There’s over $4.2 billion locked in Ethereum layer-2 protocols

According to data from analytics platform L2BEAT, there has never been more value locked in Ethereum’s layer-2 scaling solutions. The post There’s over $4.2 billion locked in Ethereum layer-2 protocols appeared first on CryptoSlate.

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L2 ecosystem crosses $5.5B in TVL thanks to Boba network's 570% rise

Layer-1 and Layer-2 scaling solutions are two sides of the same crypto coin. Even though the former makes the base layer of a network, the latter (off-chain) plays a vital role. Mainly for protocol inThe post L2 ecosystem crosses $5.

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Last Chance to Join The Aventus Staking Program & Earn From More Than 58m Enterprise-Grade Layer-2 Transactions

Unlike other layer-2 blockchain solutions, Aventus is enterprise-grade, having an agreement to onboard over 58 million transactions from a variety of clients across various sectors. The Aventus Staking Program is already 80% full and has begun processing the first of at least 58 million transactions.

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Should you invest in Ethereum in September of 2021?

Ethereum ETH/USD is and has been the second-largest cryptocurrency token in terms of market cap. However, it has built an entire ecosystem around it due to its smart contract functionalities, where numerous developers have built decentralized applications (dApps) as well as Layer-2 Scaling solutions on top of Ethereum.

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Blockchain Layers Explained: What Are They and Why Do We Need Layer Solutions?

The Lightning Network is Bitcoin’s Layer-2 scaling solution. Polkadot is a Layer-2 platform that solves Ethereum’s scalability issues. If you have paid even a little bit of attention to cryptocurrencies or blockchain, you must have come across terms like Layer-1 and Layer-2 protocols.

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Ethereum Scaling Solutions: How Do the Layer-2 Protocols and Sidechains Differ?

Ethereum has become a victim of its own success. It worked fine for years when a relatively small number of crypto enthusiasts were interacting with the blockchain. But the DeFi and NFT boom over the last year has grabbed the attention of the masses, with millions of users and developers entering the space to take […]

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A Comparison Between Layer-2 And Sidechain Solutions

If you’ve been keeping up with developments in the crypto community over the past few months, you’ve probably already heard the words ‘layer-2’ and ‘sidechains’ being thrown around.  There’s a reason behind this: as demand for Ethereum has surged over the past few months, some of the cracks in its model have been beginning toRead More

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Enya launches beta of Boba Network, its new Optimistic-based Ethereum layer-2 solution

Enya, a developer of decentralized infrastructure solutions, today announced the launch of the mainnet beta of Boba Network, its new Ethereum layer-2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of smart contracts.

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Celer cBridge goes live on mainnet

Celer, the speedy, affordable value transfer network and undisputed leader in Layer-2 scaling solutions announced that cBridge, its multi-chain network, has gone live on the mainnet. This development makes it possible to transfer tokens across Binance Smart Chain (BNB/USD), Ethereum (ETH/USD), Polygon (MATIC/USD), and Arbitrum at low latency and cost using cBridge, Invezz learned from […] The post Celer cBridge goes live on mainnet appeared first on Invezz.

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RSK Smart Contract Platform Products To Help Accelerate Widespread Crypto Adoption

With a full suite of DeFi-centric products, RSK, secured by the Bitcoin network, brings the best of Bitcoin and Ethereum blockchains onto its layer-2 platform. RSK Prepares Support For Bitcoin Network-Based DeFi Solutions Decentralized Finance (DeFi) has been growing at breakneck speeds over the last couple of years, partly fueled by the pandemic. The sectorRead More

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Alchemy Ethereum Developer Platform Adds Support for Optimism

Alchemy has inked a partnership deal with Ethereum layer-2 scaling solution developer Optimism. With the deal, devs on the Alchemy platform will be able to integrate Optimistic Rollups into their applications, offering users highly scalable, & cost-efficient solutions, according to a blog post on June 22, 2021.

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Blockchain dev platform Alchemy adds support for layer-2 scaling solution Optimistic Ethereum

Alchemy, a blockchain development platform, today announced that Optimistic Ethereum, one of the most highly anticipated layer-2 solutions for Ethereum, will officially be supported on the platform.

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OKEx Integrates with Polygon for Seamless, Inexpensive Transfer of ETH-based Tokens

OKEx, the leading global crypto exchange and derivatives trading platform has taken a huge step in making it easier for its users to trade Ethereum based assets by integrating with one of the fastest-growing Ethereum Layer-2 scaling solutions.

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Enya and OMG Network intregate developer toolchain Web3API for Ethereum layer-2 platform OMGX

Enya, a provider of decentralized privacy solutions, in partnership with OMG Network, a leader in Ethereum scaling development, today announced their partnership with Web3API, a developer toolchain that makes it easy to integrate Web3 protocols into applications from any programming language.

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Polygon brings layer-2 efficiency to Tokeny’s security token platform

CryptoNinjas » Polygon brings layer-2 efficiency to Tokeny’s security token platform Tokeny Solutions, a blockchain platform to compliantly issue, transfer and manage security tokens, and Polygon, a platform for Ethereum scaling and infrastructure development, today announced a new collaboration, allowing asset issuers to tokenize compliant securities in a cost-effective and scalable way.

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Ethereum’s Buterin Highlights Layer-Two Rollups as Potential Scaling Solution

As questions circle about the network’s capacities following surging transaction costs and accelerating activity in the decentralized finance (defi) arena, Ethereum’s founder Vitalik Buterin opines that layer-2 solutions could help the network scale by a factor of 100x in mere months to meet growing demand.

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SuperFarm partners with Polygon for NFT Farming and L2 Integration

Delaware, US, 10th March, 2021, // ChainWire // SuperFarm will be integrating with Polygon to deliver fast and low-cost NFTs on layer-2. Polygon (formerly Matic) is the preeminent developer of Ethereum scaling solutions and is at the forefront of pioneering L2 technologies.

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Ethereum Layer-2 Scaling Solution ‘Matic Network’ Rebrands as ‘Polygon’

Matic Network, known for providing Layer 2 scaling solutions, is rebranding as Polygon and launching on the Ethereum blockchain. The new Matic will help to solve Ethereum’s lingering scaling issues and the high transaction fees that have made Ethereum almost unusable.

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Daily Ethereum (ETH) Transactions Outstrip Bitcoin’s (BTC) by Over $3B

Ethereum’s title as the most active blockchain network is becoming increasingly reinforced as network activity on the chain is now fully ahead of Bitcoin. Stablecoin and decentralized finance (DeFi) transactions continue to catapult Ethereum’s economic activity count but often at the expense of high gas costs leading to renewed clamor for Layer-2 (L2) solutions thatRead More

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Ethereum Layer 2 Optimism Increasing with Mainnet Soft Launch

Following a year of development, Layer-2 Ethereum solutions provider Optimism has soft-launched on the mainnet over the weekend. In its latest blog post, the Optimism team laid out the particulars of the launch and detailed the battle testing that still needs to be carried out on the network.

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Which ETH Layer-2 Solutions Will Airdrop?

Why does Ethereum need Layer-2? Ethereum’s network fees stink right now, and let’s face it, Ethereum has a gas problem. Though Ethereum 2. 0 is years in the making and Beacon Chain has launched, the protocol has not grown fast enough to keep pace with its popularity.

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Layer-2 Uniswap Port Launched to Quell Rising Gas Costs

A port of the Uniswap exchange has been launched, not to leech liquidity like those before it, but to provide scaling solutions for faster and cheaper transactions and token swaps. Ethereum scaling solutions provider Offchain Labs has announced its own port of Uniswap called Arbiswap which demonstrates Layer 2 (L2) scaling solutions for the world’s […] The post Layer-2 Uniswap Port Launched to Quell Rising Gas Costs appeared first on BeInCrypto.

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Coinbase Turbocharges Ethereum with Integrated Layer 2 Solutions

Cryptocurrency exchange giant Coinbase has recently implemented a Layer-2 (L2) scaling solution to enable faster and cheaper Ethereum transactions from its wallets as the technology starts to get rolled out on a wider scale.

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DeFi, Layer-2 Solutions to Pave Way for Ethereum Adoption

Blockchain entrepreneur Tyler Smith tweeted this week on how the protocol is primed to see widespread technological progress this year; led by DeFi and layer-2 tech. dApps to Bolster ETH Tech Smith’s viral tweet talked about the various implementations and technical specifications coming to the world’s second-largest cryptocurrency in the next “6 to 12 months.

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Ethereum Layer-2 Scaling Initial Deployments Successful

Ethereum is on the move in terms of development and price with the recent successful deployment of a number of layer-2 (L2) scaling solutions. Scaling has long been an issue that has plagued the Ethereum ecosystem; however, that has not stopped developers rolling out new solutions and platforms for it.

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Crypto Payment Processor BitPay Sees More Use in Stablecoins than Layer-2 Solutions

Bill Zielke, BitPay’s Chief Marketing Officer, revealed on Thursday this week that the company was not planning to integrate the layer 2 Bitcoin channels. Bill explains that Bitcoin transactions dominate the customers’ preference hence no rush to switch despite the fees reaching highs of $7 after a 256% spike earlier in the month. The company […]

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RiveX (RVX) Empowering Decentralized Applications, BitMax.io Announced the Listing of RVX

BitMax. io (BTMX. com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of RiveX (RVX) on May 8th at 10:00 a. m. EDT. RiveX has entered the digital asset space with interoperable and scalable Layer-2 solutions.

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Layer-2 Scaling Solutions and How They can Spur Dapp Adoption

Admittedly, the aspirations of blockchain projects are big. The goal, at the end of the day, is to see widespread adoption and traditional companies leveraging blockchain solutions for speed, efficiency, and cost savings.

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Nervos blockchain mainnet now live after completing $72M token sale

Nervos Network, an open-source blockchain platform, has announced today launch of its “Lina” mainnet. Now fully operating, miners and developers will be able to work on and utilize the network starting Nov 16.

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Aventus Releases Blockchain Ticketing Protocol

Aventus has announced the release of Aventus Classic, a decentralized open-source protocol for the ticketing industry. With a transaction speed of 100 tickets per second on a public blockchain, the project seeks to establish a new standard for the exchange of tickets without relying on layer-2 solutions.

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The Dawn of Hybrid Layer 2 Protocols

Special thanks to the Plasma Group team for review and feedback Current approaches to layer 2 scaling - basically, Plasma and state channels - are increasingly moving from theory to practice, but at the same time it is becoming easier to see the inherent challenges in treating these techniques as a fully fledged scaling solution for Ethereum.

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Sidechains vs Plasma vs Sharding

Special thanks to Jinglan Wang for review and feedback One question that often comes up is: how exactly is sharding different from sidechains or Plasma? All three architectures seem to involve a hub-and-spoke architecture with a central “main chain” that serves as the consensus backbone of the system, and a set of “child” chains containing actual user-level transactions.

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Celer implementing scaling solution for GXChain to boost dApp experience

CryptoNinjas Celer Network, an advanced layer-2 scaling platform, announced it has formed a strategic partnership with GXChain, an industrial level permissionless blockchain with millions of real ID verified users, to deploy off-chain solutions and accelerate the hundreds of dApps’ transactions on its platform.

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‘HyperDragons’ Video Game Employs Tenfold Protocol’s Layer-2 Scaling on Ethereum

MixMarvel and Tenfold Protocol have joined forces to apply Tenfold’s layer-2 blockchain scalability solutions to “HyperDragons,” a strategy game built on the Ethereum network, in a move that will allow expanded gameplay and decreased transaction costs.

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Layer 1 Should Be Innovative in the Short Term but Less in the Long Term

One of the key tradeoffs in blockchain design is whether to build more functionality into base-layer blockchains themselves (“layer 1”), or to build it into protocols that live on top of the blockchain, and can be created and modified without changing the blockchain itself (“layer 2”).

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