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CATEGORY: layer 2


Vitalik Buterin endorses Celo for beating Tron in stablecoin addresses

Author: Cointelegraph by Helen Partz
United States
Sep 26, 2024 12:00

Vitalik Buterin endorses Celo for beating Tron in stablecoin addresses

Vitalik Buterin noted that Celos second L2 testnet, Alfajores, will be upgraded to Ethereum L2 on Sept. 26.

Sep 24, 2024 02:15

Understanding Layer 2 Blockchains: Enhancing Web3 Scalability and Efficiency


Layer 2 blockchains enhance speed and reduce costs on Layer 1 chains like Ethereum, making Web3 more scalable. (Read More)

Vitalik tells Ethereum L2s Stage 1 or GTFO  Who makes the cut?

Author: Cointelegraph by Christopher Roark
United States
Sep 18, 2024 12:00

Vitalik tells Ethereum L2s Stage 1 or GTFO Who makes the cut?

According to L2Beat, six Ethereum layer 2s have already reached Stage 1, while most others are still stuck at Stage 0.

Sep 18, 2024 02:15

Developer Trends in Crypto: Ethereum Dominates, Layer 2 Solutions Surge


An analysis of developer trends in the crypto ecosystem, highlighting Ethereum's dominance and the rise of Layer 2 solutions post-Dencun upgrade. (Read More)

Risc Zero aims to bring blockchain security to any off-chain app

Author: Cointelegraph by Alex O’Donnell
United States
Sep 17, 2024 12:00

Risc Zero aims to bring blockchain security to any off-chain app

Next-gen zero-knowledge proofs are orders of magnitude cheaper than existing options, Risc said.

Chainlink CCIP now live on ZKsync, boosting cross-chain interoperability

Author: Cointelegraph by Josh O'Sullivan
United States
Sep 17, 2024 12:00

Chainlink CCIP now live on ZKsync, boosting cross-chain interoperability

Chainlinks CCIP goes live on ZKsync, empowers developers to create cross-chain DApps, and fosters greater interoperability.

Movement Labs targets 1-second L2 finality by end of 2024: Co-founder

Author: Cointelegraph by Alex O’Donnell
United States
Sep 12, 2024 12:00

Movement Labs targets 1-second L2 finality by end of 2024: Co-founder

Apps will be able to settle directly on Movements L2 with fast finality postconfirmations secured by stakers, the co-founder said.

Aug 09, 2024 02:15

Step-by-Step Guide to Funding Your Immutable (IMX) Passport


Learn how to fund your Immutable (IMX) Passport for purchasing in-game assets on Immutable X and zkEVM chains with this detailed guide. (Read More)

Solutions without problems: How many Ethereum layer 2s are too many?

Author: Cointelegraph by Robert D. Knight
United States
Aug 31, 2024 12:00

Solutions without problems: How many Ethereum layer 2s are too many?

 Layer 2s are a short-term success story, but the long-term picture appears less rosy.

Aug 26, 2024 02:15

Arkham Integrates Coinbase's Layer 2 Chain Base


Arkham Intelligence has added support for Base, the Layer 2 chain developed by Coinbase, enhancing onchain activity monitoring. (Read More)

Starknet set for first mainnet staking vote: What STRK holders need to know

Author: Cointelegraph by Josh O'Sullivan
United States
Aug 21, 2024 12:00

Starknet set for first mainnet staking vote: What STRK holders need to know

Starknets inaugural staking vote introduces mechanisms for minting and parameter adjustments, paving the way for staking by October 2024.

Linea receives first contributor for open-source L2 rollup

Author: Cointelegraph by Josh O'Sullivan
United States
Aug 21, 2024 12:00

Linea receives first contributor for open-source L2 rollup

Status partners with Linea, marking the beginning of a significant contribution to Lineas zkEVM-powered L2 rollup as part of a broader decentralization effort.

Aug 15, 2024 02:15

Ethereum Integrates Solana Virtual Machine (SVM) as Layer 2 Solution


Eclipse Labs introduces Ethereum's first Solana Virtual Machine (SVM) Layer 2 to enhance transaction speeds and scalability, according to Chainalysis. (Read More)

Crypto startup launches tokenized US Treasury bonds on Bitcoin layer-2s

Author: Cointelegraph by Derek Andersen
United States
Jul 05, 2024 12:00

Crypto startup launches tokenized US Treasury bonds on Bitcoin layer-2s

The new tokenized assets offer the stability of the Bitcoin network with admirable yield.

Jul 04, 2024 03:10

Polygon, OP Devs Bash Matter Labs for Misleading Comparisons

Matter Labs draws backlash for comparisons made to its multichain architecture.

Continue reading at DailyCoin.

Jul 04, 2024 02:15

Manta Network and Blocksec Unveil Sequencer Threat Overwatch Program (STOP)


Manta Network and Blocksec have announced the Sequencer Threat Overwatch Program (STOP) to enhance security in Layer 2 blockchain solutions. (Read More)

Jul 24, 2024 02:15

Dima Romanov Discusses the Future of Layer 2 Blockchains on Public Key Podcast


Dima Romanov, Co-Founder of Layer N, discusses the future of Layer 2 blockchains, scalability, and performance improvements in a podcast episode. (Read More)

Jul 21, 2024 12:05

Dogwifhat (WIF) Sees 60% Weekly Surge But Analyst Warns Of Potential Retrace

This week, the dog-themed sensation Dogwifhat (WIF) has recovered from its drop below the $2 support zone. The Solana-based memecoin flipped Ethereums Layer-2 (L2) Arbitrum (ARB) and is currently testing the $2.5 resistance level. However, a crypto analyst has warned investors of a possible retrace for WIF. Related Reading: Injective (INJ) Breaches Key Resistance, Setting Stage For 1,350% Boom Analyst WIF Puts Its Hat Back On Dogwifhat became the memecoin sensation of 2024s first quarter (Q1), giving returns of over 2,000% earlier this year. The Solana token reached an all-time high (ATH) of $4.8 in March but has declined 45% since then. Despite this, investors remain bullish on the memecoin, some stating it has shown strength through its sharpest correction. Asad Saddique, Cryptonarys CTO, highlighted that the token withstood like 5 or 6 corrections of >70%. To Saddique, Dogwifhat solidified during the retraces and challenges for the dog-themed memecoin throne. Notably, WIF flipped Arbitrum as the 38th largest cryptocurrency by market capitalization today with a $2.5 billion market cap. This feat was first achieved on March 31, when WIF reached its ATH and a market cap of $4.57 billion. A month ago, crypto trader Bluntz, who made several bullish forecasts for WIF during Q1, shared a bearish prediction for the memecoin. Per the trader, the Solana token was set to an inevitable fall to the $1 range. However, this prediction was based on a previous bullish analysis. Bluntz stated that WIF was headed for a large retrace before the next parabolic run, which could lead to a new ATH. Following the market downturn, the dog-themed memecoin saw a price reduction of over 43%. Earlier this month, WIF dropped from the $2.6 price range to as low as $1.51 on July 11. Nonetheless, it had a remarkable performance this week. The token reclaimed the $2 support zone and exhibits green numbers in several timeframes. Will It Shred Another 40% Soon? WIF surged 8% in the last 24 hours and trades at $2.54, at the time of this writing. This performance represents a 60% and 25% price increase in the weekly and monthly timeframes. The recent price action has seemingly revitalized the bullish sentiment towards the token. Crypto analyst Hornhairs claimed that the memecoin looks solid. To the analyst, WIF could retest the $3 resistance level if it holds above the $2.2 price range. However, another market watcher has warned investors about a potential downside for Dogwifhat. CrediBull stated that people are taking most altcoins bounces as a sign of strength, but the reality is, alts and especially memes are just higher beta versions of BTC. To the analyst, the current bounce is nice, but, if Bitcoin (BTC) bounces or falls, Dogwifhat will follow the flagship cryptocurrencys movement harder/stronger. Related Reading: FET Surges 12% Ahead Of ASI Token Merger Phase 2, Can It Hit $5? The memecoin left a triple bottom right below us after making a lower high on higher timeframes. This suggests to the trader that the token is likely to follow with a 40% move back down of its own to take those triple lows. Featured Image from Unsplash.com, Chart from TradingView.com

Blast drops L2 from X username, reduces withdrawal time from 14 to 7 days

Author: Cointelegraph by Christopher Roark
United States
Jul 17, 2024 12:00

Blast drops L2 from X username, reduces withdrawal time from 14 to 7 days

After monitoring withdrawals for four months, the developers concluded that longer withdrawal times were no longer necessary.

Feb 02, 2024 05:00

Zero-Knowledge Rollup ZKM Sets Out to Make Ethereum Universal Settlement Layer

Zero-knowledge rollup ZKM has been unveiled out of incubation from the MetisDAO Foundation, saying it plans to make Ethereum the "universal settlement layer for all blockchain and non-blockchain applications."With funding from the foundation that oversees development of Metis, a layer-2 Ethereum protocol, ZKM is developing a hybrid approach that combines Optmistic and Zero-Knowledge rollups into

The post Zero-Knowledge Rollup ZKM Sets Out to Make Ethereum ‘Universal Settlement Layer’ appeared first on BTC Ethereum Crypto Currency Blog.

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