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Offchain Labs has released its technical roadmap for Arbitrum, focusing on scalability, decentralization, and developer experience to drive blockchain adoption. (Read More)
Offchain Labs introduces Tandem, a partner studio aimed at solving blockchain's toughest challenges through collaboration and investment. (Read More)
Optimism (OP) has grabbed investors’ attention in the last day following an intriguing positive price performance. Interestingly, OPs market gain has occurred following a recent disclosure of certain security flaws associated with the popular layer-2 platform. Related Reading: XRP Price Prediction: Analyst Says Prepare For 700% Jump To $4, Heres When OP Bounces Back Amidst Optimism Security Concerns On April 26, Offchain Labs, the initial developers of the prominent Ethereum L2 solution Arbitrum, highlighted certain security flaws found in the Optimism Stack fault-proof system. Via a blog post, the team at Offchain disclosed that they discovered two major systemic vulnerabilities in the newly released security program currently running on the Optimism testnet. In communication with OP Labs, they stated that these security flaws could enable a bad actor to bypass the existing security measures of the Optimism network by enforcing the acceptance of a malicious claim or the rejection of a right claim. By exploiting these flaws, OffChain Labs stated these hackers could initiate a network dispute that is irresolvable. The nature of these vulnerabilities is said to originate from the timers in the OP stack fault-proof system. If this program were introduced on the Optimism mainnet with such defects, users’ funds would be exposed to a very high level of risk. However, these vulnerabilities were revealed to OP Labs about a month ago, which has now updated the Optimism testnet to address these security flaws. Interestingly, following these revelations, OPs price took a nosedive, falling by almost 5% to trade at $2.274 on April 27. However, in the last day, Investors expressed solid confidence in Optimisms security and future sustainability. According to data from CoinMarketCap, OP has gained by 17.16% in the past 24 hours attaining a market price of $2.69. In tandem, the tokens daily trading volume is up by 110.64% and is valued at $402.77 million. Related Reading: Bitcoin Drops Below 4-Hour MA Bearish Trend Ahead? Hold Your Altcoins, Analyst Says Why In the week following the Bitcoin Halving event, popular crypto analyst Michaël van De Poppe has advised users to invest heavily in altcoins. Via an X post on April 27, van De Poppe stated that the catalyzing effect of the Halving and the introduction of spot ETFs on Bitcoin are likely over, with momentum now shifting to the altcoin market. In comparison to BTC, the crypto analyst notes that most altcoins are undervalued and set for massive gains in the current bull cycle. Furthermore, van de Poppe predicted that the upcoming crypto bull run could last longer than the previous cycle, based on the current extended bear market. Particularly, van de Poppe identified Optimism (OP) as a promising altcoin with the potential to achieve three times the market growth compared to Bitcoin in this bullish cycle. Additionally, the analyst highlighted other tokens, including Chainlink (LINK), Woo (WOO), Celestia (TIA), and Skale (SKL), as potentially profitable investments. OP trading at $2.693 on the daily chart | Source: OPUSDT chart on Tradingview.com Featured image from Moneycontrol, chart from Tradingview
A week ago, the Ethereum layer two scaling solution Arbitrum announced the launch of its native token called ARB, and since then IOU markets have launched giving some indication of how much the token may be worth. ARB claiming begins March 23 and when people get their coins on exchanges, the token’s value may turn [...]
The post ARB Token Airdrop: Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency Asset appeared first on Crypto Breaking News.
Following the Nitro upgrade, activity on Arbitrum has surged and has nearly two-thirds of the transaction activity seen on the Ethereum base layer.
The Prysmatic Labs team – responsible for architecting the Merge – will continue developing Prysm and initiatives like EIP-4844 data-sharding.
Through the deal, Offchain Labs hopes to build a sustainable future for Ethereum, through greater communication between teams developing on both layers and direct collaborations.
The ethical exploiter thanked Arbitrium for the 400 ETH payday, but said such a find should be eligible for the max bounty of nearly 1,500 ETH, or $2 million.
The Nitro upgrade will further improve the transaction fee crisis that has plagued the growth of the Ethereum network over the last two years.
SynFutures, a crypto derivatives trading protocol, today announced that it will deploy its protocol on Arbitrum, an Ethereum layer-2 scaling protocol. With the announcement, SynFutures will become the first DeFi derivatives project to be deployed on Arbitrum. SynFutures + Arbitrum As a next-generation layer-2 protocol for Ethereum dApps, Arbitrum solves scaling without compromises. It is […]
The post Crypto derivatives protocol SynFutures to deploy on layer-2 Ethereum solution Arbitrum appeared first on CryptoNinjas.
Offchain labs raised $120 million led by Lightspeed Venture Partners in its Series B financing Tuesday, aiming to expand Ethereum contracts to meet the growing demand for Ethereum transactions. (Read More)
Offchain Labs introduces the Crosschain Broadcaster Standard, a smart contract system designed to enhance secure cross-chain communication in the Ethereum ecosystem. (Read More)
Offchain Labs is advancing Arbitrum's scalability with a focus on alt-client solutions like Reth, Erigon, and Nethermind to enhance throughput and efficiency. (Read More)
Offchain Labs introduces Timeboost, a protocol enhancing transaction ordering on Arbitrum chains, balancing speed and MEV protection. Discover how it aims to improve blockchain efficiency. (Read More)
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