Decentralised exchanges, also called DEXs, are blockchain platforms in which users trade cryptocurrencies with each other. They operate without intermediaries or central authorities, unlike centralised exchanges (CEXs) like Binance or Coinbase. DEXs were created to autonomously match and execute trades using smart contracts, so users retain control of their assets
Coinbase’s Layer 2 network Base inadvertentlyunintentionally sparked a cryptocurrency trading frenzy yesterday. Its social media post automatically converted into a tradable token through Zora’s on-chain social protocol. The “Base is for Everyone” token, launched from Base’s official X account, made headlines by skyrocketing to a remarkable $13 million in valuation.
After two years of process, the Layer 1 blockchain Celo has officially transitioned to an Ethereum Layer 2 platform as part of an update on March 26. The migration utilizes Optimism’s OP Stack for scaling and EigenDA for data availability. With the activation of the Celo L2 Mainnet at block
MegaETH is one of the layer2 scaling solutions built on the Ethereum blockchain. It takes an innovative approach to real-time blockchain scalability. MegaETH prioritises vertical scaling to facilitate quicker transactions to achieve 100,000 TPS. The project has recently outlined a plan to launch its testnet. As per the announcement on
The Ethereum Foundation is making headlines with a substantial investment in zkVM (Zero-Knowledge Virtual Machines) technology. Researcher Justin Drake revealed on November 29 that the foundation is committing tens of millions of dollars to zkVM. The EF is investing tens of millions into zkVMs:https://t.co/XDaHyurNK9—zkRISC-V formal verificationhttps://t.co/ML0PUqliRb—Poseidon cryptanalysishttps://t.co/0Qns6MCIuu—L2beat for zkVMs, soon™
Ethereum Foundation researcher Justin Drake has introduced a proposal at Devcon for a comprehensive redesign of Ethereum’s consensus layer, termed the “Beam Chain.” Beam Chain combines several advanced upgrades from the Ethereum roadmap, including native zero-knowledge (ZK) proof support and faster finality. This proposal could mark Ethereum’s biggest transition since
The governance token of the Uniswap decentralized exchange has surpassed the global crypto market by recording the highest gains on October 11. According to the CMC, UNI has climbed 19.21% over the past 37 hours following the launch of its layer-2 network, Unichain. The price of UNI rose from a
Ethereum’s latest proposal, EIP-7781, was introduced by Illyriad Games co-founder Ben Adams on Oct. 5. The proposal aims to cut block times from 12 seconds to eight seconds. This reduction would increase Ethereum’s network throughput by 50%, benefiting decentralized finance (DeFi) platforms and decentralized exchanges (DEXs). Prominent figures like Vitalik
Vitalik Buterin, Ethereum’s co-founder, has been at the centre of attention in recent days, both with his significant crypto transactions and his active presence on social media. On his X (formerly Twitter) account, Buterin declared a stricter stance on supporting Layer 2 (L2) projects, stating that, starting next year, he
Scroll, an Ethereum Layer 2 scaling solution utilizing zero-knowledge rollups (ZK-rollups), made headlines with its upcoming token and airdrop launch. As of July 2024, Scroll completed a significant upgrade to its mainnet called the Curie upgrade. It raised $50M in the last round of funding with a $1.8B valuation. It
