Ethereum Layer 2 consumer blockchain Morph announced the launch of the Morph Holesky testnet, which aims to improve performance and infrastructure to align closely with the functions expected on the upcoming mainnet.
Furthermore, the testnet will allow for previewing the features that will be available on the mainnet. The testnet updated features include integration of EIP-4844 Optimistic zkEVM to decrease transaction fees, an redesigned cross-chain bridge system for enabling users to finalize withdrawals in single transaction, and the implementation of a decentralized sequencer network for enhanced security, stability, and reliability.
Moreover, Morph intends to develop a novel economic model centered on a decentralized sorter network and introduce several pioneering features to establish new market standards.
User interactions on the Morph Holesky testnet will be recorded for future reference. While contracts on the Morph Sepolia testnet still remain accessible, developers are advised to migrate to the Morph Holesky testnet for ongoing development and testing purposes.
𝐇O𝐋E𝐒K𝐘 𝐓E𝐒T𝐍E𝐓 𝐕2 L𝐈V𝐄 Introducing the new robust platform designed to mirror the powerful features of 𝐌o𝐫p𝐡 𝐦a𝐢n𝐧e𝐭. 𝑳𝒆𝒕'𝒔 𝑴𝒐𝒓𝒑𝒉. pic.twitter.com/LONNewmplQ
— Morph (@MorphL2) May 6, 2024
Morph Raises $19M In Latest Funding Round And Rolls Out Incentive Program For Early Developers
Morph is an Ethereum Virtual Machine (EVM) Layer 2 network, utilizing both optimistic and zero-knowledge rollup technology. This approach provides developers with a platform to create applications in sectors encompassing finance, gaming, social media, and entertainment. The platform closed a $19 million seed funding round led by Dragonfly Capital among other contributors in March.
Morph provides a supportive pathway for projects in the Layer 2 space. Its framework revolves around three core principles, which are decentralized rollup technology, incorporation of optimistic zkEVM, and a modular design approach. Builders engaging with Morph gain access to a comprehensive set of tools, streamlining their progression from initial stages of project development to potential token listing.
Recently, Morph has launched an incentive program for early developers, aiming to foster project expansion within its ecosystem. This initiative offers builders support across multiple fronts, including covering sequencer fees, providing financial backing, distributing airdrops, enhancing community exposure, offering wallet assistance, and extending industry support.
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