Layer2Chains
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Blast L2 TVL Over $500 Million, Team Addresses Centralization Criticism.
Ethereum Layer 2 Blast smashes through another TVL milestone in its spectacular run.
While the newest Ethereum (ETH) second-layer platform Blast is growing day by day, some crypto enthusiasts raise concerns about its security, tokenomical design and even the very "L2" status. The Blast team had kept silence for five days, but then explained the benefits of its multi-signature solution.
Ethereum L2 Blast sees $500 million deposited, DefiLlama says Today, Nov. 26, 2023, Ethereum (ETH) staking platform Blast registered its total value locked (TVL) metric spiking above $500 million in equivalent. By press time, Blast depositors injected over $512,810,000 in its contract, DefiLlama data says.
Launched on Nov. 21, it amassed the first $100 million in less than 24 hours, which makes it arguably the fastest-growing blockchain network by TVL. As per data of 21 Shares' dashboard on Dune Analytics (which, unlike DefiLlama, sees Blast's TVL at "only" $382 million in equivalent), the network managed to surpass Consensys' Linea, Starknet, Polygon zkEVM, dYdX Chain and is on its way to leaving Coinbase-incubated Base in the dust.
#ETH #Blast #Layer2Chains #EthereumHigh #EthereumWhales $BTC $ETH $BNB
Ethereum Layer 2 Blast smashes through another TVL milestone in its spectacular run.
While the newest Ethereum (ETH) second-layer platform Blast is growing day by day, some crypto enthusiasts raise concerns about its security, tokenomical design and even the very "L2" status. The Blast team had kept silence for five days, but then explained the benefits of its multi-signature solution.
Ethereum L2 Blast sees $500 million deposited, DefiLlama says Today, Nov. 26, 2023, Ethereum (ETH) staking platform Blast registered its total value locked (TVL) metric spiking above $500 million in equivalent. By press time, Blast depositors injected over $512,810,000 in its contract, DefiLlama data says.
Launched on Nov. 21, it amassed the first $100 million in less than 24 hours, which makes it arguably the fastest-growing blockchain network by TVL. As per data of 21 Shares' dashboard on Dune Analytics (which, unlike DefiLlama, sees Blast's TVL at "only" $382 million in equivalent), the network managed to surpass Consensys' Linea, Starknet, Polygon zkEVM, dYdX Chain and is on its way to leaving Coinbase-incubated Base in the dust.
#ETH #Blast #Layer2Chains #EthereumHigh #EthereumWhales $BTC $ETH $BNB
🌐 Riding the Polygon Wave: POL Contract Address Goes Live on Ethereum Mainnet🚀
Ready to ride the crypto wave? 🌊 Polygon ($MATIC ) has just hit a major milestone that's got everyone talking. The POL contract address is live, marking a pivotal moment for the Ethereum ($ETH )mainnet. Curious? Let's dive deeper! 🚀
🚀 The Milestone: POL Contracts on Ethereum Mainnet
Polygon's POL contract address is now live on the Ethereum mainnet. This is part of Polygon's 2.0 roadmap, aimed at building a vast ecosystem powered by POL, a next-generation hyperproductive token.
🤓 What Does POL Bring to the Table?
POL will power zero-knowledge-based Layer 2 chains through a native re-staking protocol. This allows POL holders to validate multiple chains and perform various roles like sequencing, ZK proof generation, and more.
🔍 The Technicals: Contract Address and More
For the tech-savvy, the contract address for the POL token on Ethereum is 0x455e53CBB86018Ac2B8092FdCd39d8444aFFC3F6.
🛣️ What's Next?
The POL upgrade sets the stage for upcoming milestones like launching a new staking layer, upgrading Polygon PoS to zkRollup, and implementing advanced interoperability protocols.
🗨️ So, are you excited about this Polygon POL update? What do you think this means for the future of Polygon and the broader crypto ecosystem? Share your thoughts!
🔖 #PolygonPOL #CryptoMilestone #POL #Layer2Chains #BinanceSquare
🚨 This content is not financial advice. Always conduct your own research before making any investment decisions
Ready to ride the crypto wave? 🌊 Polygon ($MATIC ) has just hit a major milestone that's got everyone talking. The POL contract address is live, marking a pivotal moment for the Ethereum ($ETH )mainnet. Curious? Let's dive deeper! 🚀
🚀 The Milestone: POL Contracts on Ethereum Mainnet
Polygon's POL contract address is now live on the Ethereum mainnet. This is part of Polygon's 2.0 roadmap, aimed at building a vast ecosystem powered by POL, a next-generation hyperproductive token.
🤓 What Does POL Bring to the Table?
POL will power zero-knowledge-based Layer 2 chains through a native re-staking protocol. This allows POL holders to validate multiple chains and perform various roles like sequencing, ZK proof generation, and more.
🔍 The Technicals: Contract Address and More
For the tech-savvy, the contract address for the POL token on Ethereum is 0x455e53CBB86018Ac2B8092FdCd39d8444aFFC3F6.
🛣️ What's Next?
The POL upgrade sets the stage for upcoming milestones like launching a new staking layer, upgrading Polygon PoS to zkRollup, and implementing advanced interoperability protocols.
🗨️ So, are you excited about this Polygon POL update? What do you think this means for the future of Polygon and the broader crypto ecosystem? Share your thoughts!
🔖 #PolygonPOL #CryptoMilestone #POL #Layer2Chains #BinanceSquare
🚨 This content is not financial advice. Always conduct your own research before making any investment decisions
Top Layer 1/Layer 2 Tokens by Market Capitalization
Listed below are top Layer-1 and Layer-2 crypto tokens. Layer-1 crypto projects refer to primary blockchain networks that house decentralized applications. Layer-2 crypto projects refer to scaling solutions that run on top of an existing primary network.
#layer1 #Layer2Chains
Listed below are top Layer-1 and Layer-2 crypto tokens. Layer-1 crypto projects refer to primary blockchain networks that house decentralized applications. Layer-2 crypto projects refer to scaling solutions that run on top of an existing primary network.
#layer1 #Layer2Chains
A Tutorial to what the OpBNB Chain is…♨️♨️♨️ How to Use OpBNB Chain
What is OpBNB Chain?OpBNB Chain is a Layer 2 blockchain solution built on top of the Binance Smart Chain (BSC). It is a scalable, secure,and reliable platform that enables developers to build decentralized applications (DApps) with high throughput and low fees.OpBNB Chain is designed to be a complement to the #BTC BSC, not a replacement. It provides a more efficient and cost-effective way to run DApps, while still leveraging the security and stability of the BSC.Benefits of OpBNB ChainHere are some of the benefits of using OpBNB Chain:Scalability: OpBNB Chain can handle a much higher volume of transactions than the BSC, thanks to its use of optimistic rollups.Security: OpBNB Chain is just as secure as the BSC, as it is built on top of the same underlying blockchain technology.Reliability: OpBNB Chain is a reliable platform that has been running for several months without any major outages.Low fees: OpBNB Chain has very low fees, which makes it a great option for developers and users alike.How to Use OpBNB ChainTo use OpBNB Chain, you will need to create a wallet that supports it. There are a number of wallets available, such as the MetaMask wallet and the Trust wallet.Once you have created a wallet, you will need to add the #opbnb Chain to your wallet. The process for doing this will vary depending on the wallet you are using.Once you have added the OpBNB Chain to your wallet, you will be able to send and receive OpBNB tokens, as well as interact with DApps that are deployed on the OpBNB Chain.ConclusionOpBNB Chain is a promising Layer 2 solution that has the potential to revolutionize the way DApps are built and deployed. If you are a developer, I encourage you to learn more about OpBNB Chain and consider using it for your next project.🪷$BNB $ETH $OP #Layer2Chains #ETH #bscgem
Starknet is a permissionless, decentralized zero-knowledge rollup (ZK rollup) for Ethereum. It operates as a Layer 2 (L2) blockchain, enabling any dApp to achieve unlimited scale for its computation without compromising on Ethereum’s composability and security.
Starknet achieves secure low cost transactions and high performance by using the STARK cryptographic proof system. Starknet contracts and the Starknet OS are written in Cairo, a custom-built and specialized programming language.
Starknet has introduced The Starknet Early Community Members Program, offering rewards of 50 million $STRK tokens. This opportunity is exclusively for projects and community contributors. What's next on their agenda? We're eagerly anticipating the possibility of a community air.
#Layer2Chains #Layer2 #Layer2Solutions #StarkNet
Starknet achieves secure low cost transactions and high performance by using the STARK cryptographic proof system. Starknet contracts and the Starknet OS are written in Cairo, a custom-built and specialized programming language.
Starknet has introduced The Starknet Early Community Members Program, offering rewards of 50 million $STRK tokens. This opportunity is exclusively for projects and community contributors. What's next on their agenda? We're eagerly anticipating the possibility of a community air.
#Layer2Chains #Layer2 #Layer2Solutions #StarkNet
$ETH $
💡Simplified breakdown of different ZK-EVM types:
📍Type 1: Fully Ethereum-equivalent
- Aims to mirror Ethereum exactly, but proving transactions is time-consuming due to Ethereum's non-ZK-friendly design.
📍Type 2: Fully EVM-equivalent
- Similar to Type 1 but modifies certain structures for faster proof generation, sacrificing full Ethereum compatibility.
📍Type 2.5: EVM-equivalent with adjusted gas costs.
- Increases gas costs for complex operations to speed up proofs but might cause minor incompatibilities.
📍Type 3: Almost EVM-equivalent
- Sacrifices some features for faster proof generation, improving compatibility over time.
📍Type 4: High-level language equivalent
- Converts high-level code directly into ZK-SNARK-friendly language for very fast proofs but might lack full compatibility with existing EVM-based applications.
The goal is for ZK-EVMs to evolve towards Type 1 for perfect Ethereum compatibility, allowing various paths to scale Ethereum and ZK-rollups. Different projects are exploring these types, with potential shifts between them as they improve over time.
2024 will be an exciting year, most of the Zero-Knowledge Proofs are finished and coming to Mainnet, solving some of the problems here in Web3.
#Web3 #Layer2Chains #ZeroKnowledge #zkRollup #ETH
💡Simplified breakdown of different ZK-EVM types:
📍Type 1: Fully Ethereum-equivalent
- Aims to mirror Ethereum exactly, but proving transactions is time-consuming due to Ethereum's non-ZK-friendly design.
📍Type 2: Fully EVM-equivalent
- Similar to Type 1 but modifies certain structures for faster proof generation, sacrificing full Ethereum compatibility.
📍Type 2.5: EVM-equivalent with adjusted gas costs.
- Increases gas costs for complex operations to speed up proofs but might cause minor incompatibilities.
📍Type 3: Almost EVM-equivalent
- Sacrifices some features for faster proof generation, improving compatibility over time.
📍Type 4: High-level language equivalent
- Converts high-level code directly into ZK-SNARK-friendly language for very fast proofs but might lack full compatibility with existing EVM-based applications.
The goal is for ZK-EVMs to evolve towards Type 1 for perfect Ethereum compatibility, allowing various paths to scale Ethereum and ZK-rollups. Different projects are exploring these types, with potential shifts between them as they improve over time.
2024 will be an exciting year, most of the Zero-Knowledge Proofs are finished and coming to Mainnet, solving some of the problems here in Web3.
#Web3 #Layer2Chains #ZeroKnowledge #zkRollup #ETH
Lisk Protocol Documentation: Bridging the Gap between High-Level Overviews and Technical Details
The Lisk protocol, which guides the blockchains made with the Lisk SDK, is known for being easy to use for developers. It uses an account-based system with modules such as Token, Sequence, Keys, and DPoS, forming a well-organized blockchain setup. The documentation connects general ideas with technical specifics, helping both developers and fans navigate the system with confidence.
Key elements of the protocol include the account-based model, module structure, default modules, transaction types, block structure, and the Lisk-BFT consensus mechanism. Each module, such as Token, Sequence, Keys, and DPoS, handles specific functionalities like token transfers, transaction sequencing, and delegated proof-of-stake.
The documentation delves into block forging, consensus, and security mechanisms, emphasizing the importance of understanding how blocks are created, consensus is reached, and security is maintained. Delegates forge blocks, and the Lisk-BFT protocol ensures security and finality, incorporating a punishment mechanism for protocol violations.
Networking in Lisk involves a decentralized peer-to-peer network, with nodes using WebSockets in the P2P protocol. The RPC and Events layer facilitates node communication, while the application layer ensures a user-friendly interface.
Understanding the Lisk protocol is crucial for developers and blockchain enthusiasts, providing a foundation for secure and efficient decentralized applications. Learning both the big picture and technical details empowers individuals to contribute and innovate within the Lisk community, showcasing the evolving and improving nature of blockchain technology.
#Lisk $LSK #Layer2Transition #Layer2Chains #layer-2
The Lisk protocol, which guides the blockchains made with the Lisk SDK, is known for being easy to use for developers. It uses an account-based system with modules such as Token, Sequence, Keys, and DPoS, forming a well-organized blockchain setup. The documentation connects general ideas with technical specifics, helping both developers and fans navigate the system with confidence.
Key elements of the protocol include the account-based model, module structure, default modules, transaction types, block structure, and the Lisk-BFT consensus mechanism. Each module, such as Token, Sequence, Keys, and DPoS, handles specific functionalities like token transfers, transaction sequencing, and delegated proof-of-stake.
The documentation delves into block forging, consensus, and security mechanisms, emphasizing the importance of understanding how blocks are created, consensus is reached, and security is maintained. Delegates forge blocks, and the Lisk-BFT protocol ensures security and finality, incorporating a punishment mechanism for protocol violations.
Networking in Lisk involves a decentralized peer-to-peer network, with nodes using WebSockets in the P2P protocol. The RPC and Events layer facilitates node communication, while the application layer ensures a user-friendly interface.
Understanding the Lisk protocol is crucial for developers and blockchain enthusiasts, providing a foundation for secure and efficient decentralized applications. Learning both the big picture and technical details empowers individuals to contribute and innovate within the Lisk community, showcasing the evolving and improving nature of blockchain technology.
#Lisk $LSK #Layer2Transition #Layer2Chains #layer-2
