L2 blockchains are protocols that offer solutions to increase the scalability and security of blockchains. They also open up many opportunities for developers and businesses.
Development
Opportunity to create more complex decentralised applications: L2 blockchains allow developers to create more complex decentralised applications that are impossible to achieve with the main blockchain due to its processing capacity limitation. L2 blockchains allow greater flexibility in the design of smart contracts, enabling developers to create more advanced and sophisticated applications that can meet specific needs in different industries.
Reduced transaction costs: L2 blockchains reduce transaction costs by transacting off the main chain, allowing more transactions to be processed at lower cost. This is particularly important for transaction-intensive applications, such as payment or money transfer applications, where high costs can be a barrier to the adoption of blockchain technology.
Potential to create new markets: L2 blockchains offer the potential to create new markets by enabling more sophisticated smart contracts and private transactions. For example, it is possible to set up smart contracts for the management of locally produced solar energy and for the sale of energy in a decentralised market. L2 blockchains also allow for private transactions, which can be important for companies seeking to protect the privacy of their data.
Improved security: L2 blockchains improve the security of blockchains by allowing transactions to be processed off the main chain, reducing the risk of malicious attacks. Transactions on the main chain can be more easily verified and validated, which enhances the overall security of the blockchain.
Increased blockchain adoption: L2 blockchains offer solutions for scalability and security issues, which can encourage wider adoption of blockchain technology across different industries. The adoption of blockchain can lead to reduced costs, improved efficiency and increased transparency in work processes, which can have a positive impact on the bottom line and customer confidence.
Conclusion
L2 blockchains offer many opportunities for developers and businesses by enabling the creation of more complex decentralised applications, reducing transaction costs, creating new markets, improving security and increasing
đ Don't fret if you missed out on $JUP, $MANTA, or other airdrops!
đ Here's a list of tokenless projects with potential airdrops:
1. Phantom Wallet (@phantom): Use swap feature and convert crypto.
2. Scroll (@Scroll_ZKP): Swap $ETH to $WETH, buy/sell cheap NFTs, exchange tokens, or claim free NFTs.
3. Venom Foundation (@VenomFoundation): Download the wallet, get testnet tokens, and interact with projects.
4. Berachain (@berachain): Interact with Berachain DEX, mint $HONEY tokens, trade Berachain Perpetuals, or participate in Galxe Campaign.
5. LayerZero Labs (@LayerZero_Labs): Interact with various bridges and platforms.
6. Aleo (@AleoHQ): Claim testnet tokens, bridge via @IZAR_Protocol, interact with partners, or deploy contracts.
7. Fuel Network (@fuel_network): Interact with Beta-4 testnet. Grab these opportunities while it's early! Like and retweet to spread the word. #AirdropSeason #Blockchain #Write2Earn
đ Check out these 10 promising projects on the @0xPolygon blockchain.
Do your own research to uncover hidden gems:
1. AquaSave - Sustainable water management đ 2. Aleph - Decentralized cloud computing đ» 3. Space and Time - AI-powered analytics đ°ïž 4. Lit Protocol - Decentralized PKI đïž 5. WiCrypt - P2P internet sharing in Africa đ 6. GPU net - Blockchain-based GPU network for AI đ„ïž 7. Karrier One - Telecom revolution đ± 8. Golem Network - Marketplace for computing power ⥠9. Arkreen - Renewable energy via IoT and AI đ 10. Wifi Map - Access hotspots, earn $WIFI tokens đ¶ This isn't sponsored, so do your due diligence before adding to your watchlist! #Blockchain #Polygon
Embark on a cosmic journey through the diverse realms of the blockchain universe! đ Join us as we explore the vibrant narratives within the Cosmos. Buckle up for an adventure of innovation, entertainment, and decentralized wonders. 1ïžâŁ Media âșâș @OmniFlixNetwork - At the heart of the Cosmos, @OmniFlixNetwork weaves a tapestry of media innovation. Uncover a galaxy of content and technology as OmniFlix redefines the intersection of media and blockchain. đŹđ 2ïžâŁ Gaming đź âșâș @thestrangeclan - In the gaming cosmos, @thestrangeclan stands as a beacon for gamers. Join the Strangeclan community and dive into realms where skill meets strategy. Level up your gaming experience! đčïžđ 3ïžâŁ Gaming Infra đčïž âșâș @Sagaxyz__ - #Saga, the gaming infrastructure of the Cosmos! Elevate your gameplay with cutting-edge technology. Sagaxyz__ is where virtual worlds become reality. Ready to play? đđź 4ïžâŁ NFTs đŒïž âșâș @StargazeZone - The Stargaze zone beckons NFT enthusiasts! Journey through the cosmic gallery of digital art and collectibles with @StargazeZone. Every creation tells a story in the language of the blockchain. đ đš 5ïžâŁ Memes đ âșâș @ChihuahuaChain - Laughter echoes through the cosmos with @ChihuahuaChain! Explore a universe of memes, where humor transcends boundaries. Join the Chihuahua community for daily doses of joy. đŸđ 6ïžâŁ SocialFi đ âșâș @ComposableFin - #Mantis by @ComposableFin emerges as a social force in the Cosmos. SocialFi takes center stage, reshaping financial narratives. Join the movement where finance meets community! đžđ 7ïžâŁ Metaverse đ âșâș @passageio - Enter the Metaverse with @passageio, where reality and the digital realm converge. Your gateway to a limitless universe of interconnected experiences. Explore, connect, and transcend boundaries! đȘđ 8ïžâŁ DeFi đž âșâș @Shade_Protocol - #ShadeProtocol casts its shadow over the DeFi landscape. Navigate the decentralized financial cosmos with Shade. Discover innovative solutions and secure your financial journey in the crypto space. đđ° 9ïžâŁ Dapp Revenue đ âșâș @archwayHQ - #ArchwayHQ guides you through the cosmos of Dapp revenue. Stay informed, adapt, and thrive in the decentralized application landscape. Your revenue journey begins here! đŒđč 10đ ïž Tools/Infrastructure âïž âșâș @codexchain - #CodexChain provides the essential tools to build your blockchain empire. Explore the infrastructure shaping the Cosmos and empower your projects with CodexChain's robust solutions. đïžđ Join the cosmic expedition through these incredible projects within the Cosmos. Follow, engage, and be part of the narrative that is shaping the future of blockchain and beyond. âïžđ #CryptoNarratives #CosmicBlockchain #BlockchainInnovation
Airdrop time We're giving out $500k worth of crypto, ranging from 1 $SHIB to 1 #BTC Even better, all you have to do is make a swap using your #Binance Web3 Wallet to qualify. Go https://binance.onelink.me/y874/kcgfgqza
4 key takeaways from our most recent meetup for job hunting in todayâs tech industry:
1. The ineffectiveness of applying for jobs online In today's job market in tech, applying online is becoming less and less effective. Each time a job gets posted, hundreds jump on it. Even if you're among the best, it's hard for recruiters to see that amidst the flood of applications.
2. The importance of networking To get through the noise, networking is the key. Itâs about engaging on platforms like LinkedIn, attending in-person meetups, and especially seeking out niche events with fewer attendees. That way, you get genuine opportunities to connect and be noticed.
3. Treating job hunting like product and marketing The product? That's you - your skills, knowledge, and the projects youâve worked on. Marketing is how you present that product. Itâs about presenting what you have to offer on platforms like LinkedIn, having a standout portfolio, making direct connections, and of course, getting your communication game strong for those interviews.
4. Discipline and consistency The tech job hunt is tough. It demands grit and consistency. Folks from sports or military backgrounds often get this. It's about pushing through, even when you donât feel like it. And to keep at it, it's essential to fuel up right - think good food, good sleep, and maybe some exercise to keep the energy up.
X (TWITTER) , announces new features focused on audio and VIDEO calls.
Elon Musk, announced yesterday new features that include the ability to make audio and video calls directly from the application, without however specifying the exact date of their deployment, he announced via a post on the network.
They will be accessible on Android, iOS, mac and PC, and without the need for a phone number.
I've been thinking lately about how useful this feature would be on LinkedIn, so you don't have to give out your contact details!
MetaMask has just added a "Sell" functionality to its toolkit to enable its users to sell their cryptocurrencies in just a few clicks.
MetaMask, the leading Web3 wallet, has just introduced a new feature called "Sell".
This feature allows users to sell their cryptocurrencies in just a few clicks, and then receive payment in fiat currency directly into their bank or PayPal account.
This will considerably facilitate transactions, opening the door to the general public and in particular to those who are interested in cryptos but haven't taken the plunge because of the complexity of the system...
For the time being, MetaMask's "Sell" tool is only available on the Ethereum mainnet for selling ETH, but it is expected to be deployed on its layers 2 in the near future. #Bitcoin #Binance #BNB #Blockchain #Metamask
đ°đ°đ°đ°đ°đ° đ° MicroStrategy makes its biggest BTC purchase in 2 years / Blockworks đž MicroStrategy has purchased over 12,000 bitcoins in the last two months, bringing its total above 152,000 BTC đ @starlabman #technologie #blockchain #microstrategy #bitcoin
đ°đ°đ°đ°đ°đ° đ° Tether signs a memorandum of understanding with the government of Georgia to develop blockchain, Bitcoin and peer-to-peer infrastructure to foster innovation / Tether đ„ @starlabman #blockchain #bitcoin #technologie #usdt
â¶ïž FTX victims' anonymity will be preserved. Creditors and their lawyers have succeeded in bending the justice system not to publicly disclose customer data to protect their privacy. This decision is aimed at guaranteeing victims' confidentiality and avoiding any breach of their personal security.
â¶ïž Faced with the crusade led by the SEC, the American regulatory authority, Hong Kong invited Coinbase to consider relocating. The Legislative Council has publicly encouraged Coinbase, a leading cryptocurrency exchange platform, to relocate to Hong Kong to benefit from clear and established crypto legislation. The move is aimed at attracting companies in the sector and reinforcing Hong Kong's status as an international financial center.
â¶ïž Withdrawals could reopen on BlockFi, a cryptocurrency-related financial services company that had announced restrictions on cash withdrawals. According to the latest information, BlockFi plans to lift these restrictions and allow its users to withdraw their funds as early as this summer. This decision could reassure users and restore confidence in the platform.
â¶ïž A major turning point has been seen in the legal battle between the SEC and Ripple, the issuer of the XRP cryptocurrency. The Hinman documents, long-awaited for 18 months, have finally been revealed. These documents could play a decisive role in the outcome of the dispute between the two parties. They contain information on the classification of certain cryptocurrencies and could have a significant impact on the future regulation of the sector.
â¶ïž Uniswap, a decentralized exchange protocol based on the Ethereum blockchain, has announced new features for its next version, Uniswap v4. The platform unveiled its vision for v4, which includes several innovations such as Hooks, modules that can be added to pools. These enhancements are aimed at providing an improved user experience and boosting trading efficiency on Uniswap.
â¶ïž BlackRock, the world's largest financial group, has expressed its intention to launch a Bitcoin ETF. The company has filed an application with the SEC, the US regulatory authority, for the creation of this financial product. A Bitcoin ETF would give investors easy, indirect access to the cryptocurrency market, which could have a significant impact on the adoption and legitimization of digital assets.
âïž Our team is always aiming to improve the security of the network, protecting our users, builders, and ecosystem from potential bad actors. With the Hedera Smart Contract Service (HSCS) Security Model v2, greater clarity and additional safeguards have been brought to the network. Learn more âĄïžÂ https://lnkd.in/eQRiNujH
This agreement would be reached to protect customer assets and avoid a complete shutdown of Binance.us.
June 14 marked a pivotal moment for Binance.us as it reached an agreement with the U.S. Securities and Exchange Commission (SEC). Their pact aims to maintain business in lieu of a freeze on its vast assets.
The mediation was handled by U.S. District Judge Amy Berman Jackson, who was keen to secure a mutually beneficial compromise to protect customers' assets without having to shut down the exchange.
At a public hearing on the eve of the agreement, Judge Jackson emphasized the dramatic repercussions a complete shutdown could have both onBinance.us and more broadly on the digital asset market. She deferred ruling on the SEC's request for a temporary restraining order against the company, pending the outcome of legal negotiations.
Despite the heated controversy, Judge Jackson observed that the SEC and Binance.us were not far from reaching an agreement, adding an air of optimism to the proceedings. The tension had intensified after John Reed Stark, a former SEC lawyer, alluded to the conflicts each side hoped to resolve at the hearing.
The brawl stemmed from an emergency motion filed by the SEC against Binance.us earlier in June, centered on allegations against Chang peng "CZ" Zhao, Binance's CEO.
The SEC raised concerns about Zhao's ability to access Binance.US customer funds, claiming that he had transferred a substantial $12 billion in Binance assets via his controlled entity, Merit Peak. But just days before the hearing,
Binance.us and Zhao fired back, denying all allegations of embezzlement and challenging the SEC to identify a single instance of misuse of customer funds.
Explore the latest crypto news
âĄïž Be a part of the latests discussions in crypto