layer2

Ethereum Foundation Funds zkVM Projects in Millions as ETH Eyes $4K

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™

November 29, 2024 2 mins read

Justin Drake Proposes Beam Chain for Ethereum’s Consensus Layer

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

November 12, 2024 2 mins read

UNI Token Hits 3-Month High After Uniswap’s Unichain Launch

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

October 11, 2024 2 mins read

Ethereum’s Proposal Aims to Skyrocket Throughput by 50 Percent

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

October 7, 2024 2 mins read

Vitalik Buterin Tightens Criteria for Supporting L2s in 2024

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

September 12, 2024 2 mins read

Scroll's Binance Listing Sparks Decentralization Debate in Crypto Community

Scroll Completes Curie Upgrade Preparing for Upcoming Token and Airdrop Launch

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

September 3, 2024 2 mins read

Sony Group Unveils New Ethereum Layer-2 Blockchain Soneium

Sony Group, the global conglomerate, is making a major entry into the blockchain space with the announcement of Soneium, a new Ethereum Layer-2 blockchain developed in partnership with Startale Labs. This innovative project aims to address key challenges in scalability and user experience, setting the stage for broader mainstream adoption

August 23, 2024 2 mins read

Layer 2 Tokens Plunge 30% Amid Crypto Market Turbulence

The cryptocurrency market has been experiencing a sluggish period in recent months, marked by a significant drop below the $59,000 threshold three days ago. This decline has sent shockwaves through the market, causing widespread panic and a dramatic sell-off, especially among altcoins. Notably, Layer 2 (L2) tokens have been particularly

June 27, 2024 2 mins read

What are Layer 0, Layer 1, Layer 2, and Layer 3 Blockchain in Crypto?

Blockchain technology has revolutionized how information is stored and transferred, particularly within the realm of cryptocurrencies. With its transparent and decentralized nature, blockchain layer has become a breakthrough innovation of the 21st century. However, understanding the intricate workings of blockchain can be challenging. In this article, we will simplify the

July 4, 2023 4 mins read

Coinbase Layer-2 Network Base Nears Mainnet Launch

In anticipation of Base’s mainnet launch, Coinbase affirmed on Wednesday that its Ethereum Layer-2 network had been subjected to extensive security evaluations conducted by researchers. Reports indicate that Coinbase commissioned a six-month internal audit from its protocol security team to thoroughly test the security of Base, built on the OP

June 30, 2023 1 min read