๐ Rubic as an #Ethereum #Layer2 Network Aggregator ๐
Ethereum Networkโs unbeatable leadership in security and decentralization is proven by its over 50% market dominance by TVL. However, its universal popularity often leads to network congestion and overload during periods of high demand, causing high transaction fees and slow transaction times. ๐ผ๐จ๐ฒ
๐ก Layer 2 Explained: โ๏ธ
Even though Ethereum has transitioned to a #Proof-of-Stake consensus algorithm โ which is more energy efficient & provides better scalability โ slow transaction times and high fees still remain unresolved. ๐๐ฑ
To address these issues, the Ethereum community has been exploring and implementing Layer 2 scaling solutions. Some of the most common Layer 2 solutions for Ethereum are State Channels, Sidechains, Plasma, Validium, and our main topic for today, Rollups! ๐ก๏ธ๐
๐ฃ #OptimisticRollups assume transactions are valid by default and only run the computation, via a fraud proof, in the event of a challenge. ๐ฃ
๐ต #Zero-Knowledge Rollups: Run computation off-chain and submit a validity proof to the chain. Explore Zero-Knowledge Rollups here. ZK-Rollups Examples: Loopring, ZKSync, ZKSpace, Aztec, etc. ๐ต
๐ Rubic x Layer 2s ๐ ๏ธ
The Rubic Protocol supports the most popular Ethereum Layer 2 Rollups to date, including Arbitrum, Boba, Optimism, and Metis. The latter has recently announced its transition to a first-of-its-kind Ethereum Hybrid Rollup: Metis is building the first-ever Hybrid Rollup by combining Optimistic rollup architecture with Zero-knowledge proofs. We have further plans to expand to ZK-rollups such as zkSync, Polygon Hermez, etc. ๐๐ก๏ธ
๐ค Why is Rubic perfect in working with L2s? ๐
Rubic.exchange offers more than 15,500 tokens for Cross-Chain Swaps across Layer 2 networks and other 70+ networks, including such popular non-EVM chains like Bitcoin, Tron, Ripple, Solana, etc., with the best rates, highest liquidity, and transaction speeds โ all in one click โ thanks to Rubicโs aggregation of 90+ DEXs and bridges. ๐ฑ๐๐ช