Phala Network announces the launch of a new Layer 2 network on Ethereum, marking its strategic expansion from the Polkadot ecosystem to Ethereum. This release is in collaboration with Succinct Labs and Conduit, utilizing 'OP Succinct' technology, which combines optimistic proofs with zero-knowledge proofs to enhance the performance of rollups. Phala is known for its applications in decentralized computing and AI, and this expansion will further promote the development of the Ethereum Layer 2 ecosystem.