🔥🔥🔥𝐏𝐡𝐚𝐥𝐚 𝐍𝐞𝐭𝐰𝐨𝐫𝐤, 𝐚 𝐏𝐨𝐥𝐤𝐚𝐝𝐨𝐭 𝐩𝐚𝐫𝐚𝐜𝐡𝐚𝐢𝐧, 𝐡𝐚𝐬 𝐥𝐚𝐮𝐧𝐜𝐡𝐞𝐝 𝐢𝐭𝐬 𝐄𝐭𝐡𝐞𝐫𝐞𝐮𝐦 𝐋𝐚𝐲𝐞𝐫-𝟐 𝐧𝐞𝐭𝐰𝐨𝐫𝐤, marking a significant advancement in Ethereum's rollup infrastructure. This new L2 combines both optimistic and ZK-proof technology, enhancing security and achieving faster finality compared to existing rollups. The move aims to expand Phala’s reach, offering its cryptographic computing solutions to the largest smart contract network, Ethereum, and addressing growing demand for its services. Additionally, Phala announced the shutdown of its Kusama-based Khala network due to Intel discontinuing SGX-IAS support. As the Ethereum L2 ecosystem continues to grow, traders should monitor Phala's developments and Ethereum’s Layer-2 progress, as these innovations could impact market sentiment and provide profitable opportunities.
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