zkSync Era launches with Uniswap and Sushi — First zkEVM on mainnet A new Era has dawned with the launch of the first Ethereum Virtual Machine compatible ZK rollup, enabling projects like Uniswap and Sushi to easily port over for scaling. News Own this piece of history Collect this article as an NFT Some of the biggest names in decentralized finance, including Uniswap, Sushi, Maker and Curve, […]
Chainlink oracle, data feeds coming to StarkNet ecosystem Blockchain scaling technology firm StarkWare is set to partner with Chainlink Labs to bring oracle services, data and price feeds to the StarkNet ecosystem. The coalition will see StarkWare join Chainlink’s Scale program and brings Chainlink price feeds to StarkNet’s testnet. StarkNet tokens will also fund certain operating costs for Chainlink oracle nodes, giving Starket […]
Soaring growth of Ethereum layer-2 networks set to continue in 2023 Ethereum layer-2 networks have gone through an explosive growth phase over the past couple of months a trend that is set to continue in 2023. According to recent data, the leading layer-2 networks have seen an increase in daily active users which has translated into a growth in fees for the respective ecosystems. According to […]
StarkNet overhauls Cairo programming language to drive developer adoption Ethereum layer-2 scaling platform StarkNet has overhauled its in-house Cairo coding language to make Web3 development accessible to developers. An announcement shared with Cointelegraph outlined the upgrades to Cairo 1.0, which is touted to emulate characteristics of the popular programming language Rust. The overhaul intends to allow developers with general coding experience to begin building […]
Layer 2 Labs Raises $3M At Launch To Supercharge Bitcoin's Ecosystem Layer 2 Labs is launching with the goal of scaling and building out drivechains for the Bitcoin Network. The company has closed a seed round at launch, raising $3 million in funding. Layer 2 Labs co-founder and CEO Paul Sztorc said in a statement sent to Bitcoin Magazine that the firm seeks to "make everyone […]
SHIB Community Members and Countdown Clock Hint Shibarium Launch Is Imminent According to a myriad of social media posts, the meme crypto project Shiba Inu is planning to launch the highly anticipated Shibarium, a layer two (L2) project that was supposed to launch this year in the third quarter. Shiba Inu supporters believe the Shibarium launch is imminent as a number of community members have been […]
Stats Show Ethereum Transaction Fees Have Remained Under $5 During the Last 175 Days Fees tied to the Ethereum network have been under the $5 region per transaction during the last 175 days, according to statistics. Metrics show that on Dec. 10, 2022, the average ethereum transfer is around 0.0023 ether or $2.87 while the median-sized gas fee is around 0.00097 ether or $1.23 per transfer. Ethereum gas metrics […]
Bitdao Reveals Modular Ethereum L2 Called Mantle, Public Testnet to Launch in 2023 On Wednesday, one of the world’s largest decentralized autonomous organizations, Bitdao, announced the soft launch of a modular Ethereum layer two (L2) network called Mantle that claims to bolster lower fees and fast transactions. According to the Bitdao team, Mantle’s public testnet is scheduled to release in 2023. Decentralized Autonomous Organization Soft Launches Mantle, a […]
L2 is crucial to Ethereum decentralization, censorship resistance, says researcher Ethereum layer-2 scaling platform StarkWare has officially launched the StarkNet Foundation with the introduction of a diverse board that aims to safeguard Ethereum's decentralization and censorship resistance. Seven individuals, including key members from the Ethereum ecosystem and wider cryptocurrency space, will head up the non-profit entity. An announcement shared with Cointelegraph outlined the role of the […]
Ethereum’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer 26 days ago, Ethereum transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) blockchain and after the change, the network’s fees remained low. This week, however, Ethereum’s gas fees have increased as data from October 10 shows the average fee tapped a high of $4.75 per transaction. Ethereum’s Average Gas Fees Jump Over 80% […]
Ethereum Scaling Solution Aurora Pays $2 Million Bug Bounty to Hackers Image credit: Aurora.com Aurora, an Ethereum Virtual Machine (EVM) compatible scaling and bridge solution built on top of the NEAR Protocol blockchain network, has completed the payment of a $2 million bug bounty to a pair of whitehat hackers that reported vulnerabilities on the platform back in June. According to a blog post written by ImmuneFi, a […]
Orbs Launches TWAP to Help Traders Tackle DeFi’s Liquidity and Volatility Issues Orbs has announced the launch of its Time-Weighted Average Price (TWAP) order protocol. Orbs says TWAP is designed to enable digital asset traders and platforms to scale the hurdles of DeFi liquidity and volatility. Orbs Unveils TWAP Protocol Orbs, a decentralized layer-3 blockchain infrastructure operated via a secure network of permissionless validators and the proof-of-stake […]
With Drivechain, Bitcoin Will Make Altcoins Obsolete This is an opinion editorial by Nikita Chashchinskii, a software developer working on BIP300 sidechains. Drivechain as defined in BIP300 and BIP301 offers a new vision for Bitcoin, in which the following problems are solved: It offers an alternative to our existing contentious and political process for changing Bitcoin. “Layer 1” rules never have to […]
Polygon gains 83% in a month, but data show project has been losing traction Polygon (MATIC) had a promising July, gaining an impressive 83% in 30 days. The smart contract platform uses layer-2 scaling and aims to become an essential Web3 infrastructure solution. However, investors question whether the recovery is sustainable, considering lackluster deposits and active addresses data. MATIC/USD on FTX. Source: TradingView According to Cointelegraph, Polygon rallied after […]
A Few Ways We Can Upgrade Lightning Network Payment Routing In order to develop into a protocol usable by the entire world, certain scaling improvements for Lightning need to be considered. The Lightning Network is a well-developed, fast-growing, Layer 2 transaction solution on the Bitcoin network. More and more services and exchanges are integrating it, the liquidity available for routing payments is growing, and more […]
Ethereum Co-Founder Vitalik Buterin Publishes ‘Plausible Roadmap’ Addressing Scalability In recent times the Ethereum network has received a lot of criticism about the protocol’s data transfer fees and scalability. In a blog post called “Endgame,” published on December 6, the co-founder of Ethereum, Vitalik Buterin discussed plans to improve scaling, the upcoming proof-of-stake transition, and censorship resistance. Buterin Outlines Plausible Ethereum Scaling Roadmap in […]
Ethereum Devs Assess Reducing Data Transfer Cost 5x, EIP-4488 Becomes Possible Solution The second leading crypto asset ethereum has been dealing with high fees since the end of June and today the average ethereum transaction fee is between $5 and $34 per transfer. While there’s been a lot of complaints about ether gas costs this year, Ethereum founder Vitalik Buterin has recommended an Ethereum Improvement Proposal (EIP) […]
Hop Protocol launches USDC bridge between Ethereum, Polygon, and xDai Hop Protocol, a team working on interoperability within Ethereum’s layer-two ecosystem, has launched its Hop bridge for the first time. A July 12 blog post notes the bridge has been launched with limited functionality, currently supporting “instant” USD Coin (USDC) transfers between the Ethereum mainnet, Polygon, and xDai Chain. Hop plans to expand the number […]
Vitalik Buterin Says People Difficulties Not Technical Difficulties Slowed the Ethereum 2.0 Rollout The cofounder of Ethereum, Vitalik Buterin, recently discussed the highly anticipated full transition from a proof-of-work (PoW) consensus model to proof-of-stake (PoS) as its replacement. Buterin admitted at Hong Kong’s Startmeup HK 2021 Festival that the transition was taking too long and highlighted that it wasn’t technical problems but “related to people.” Buterin: ‘If You […]
