Polkadot-based Phala Network launches Ethereum Layer 2 rollup Phala, a Polkadot-based parachain and computation platform, has launched a new Layer 2 network on Ethereum.
The launch took place in collaboration with infrastructure providers Succinct Labs and Conduit. Polkadot-based parachain and verifiable computation platform Phala
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launched a new Layer 2 network on Ethereum in collaboration with infrastructure providers Succinct Labs and Conduit.
The Layer 2 rollup has both optimistic and zero-knowledge proofs, leveraging what's known as "OP Succinct." This technology — developed by Succinct Labs — improves the capabilities of optimistic rollups (specifically those built on the OP Stack) by incorporating zero-knowledge proofs.
Meanwhile, Phala developers used the rollup-as-a-service platform Conduit to help initiate the launch.
While Phala operates as a parachain within the Polkadot ecosystem, the move will expand its offering to the Ethereum ecosystem. This comes as Ethereum’s Layer 2 ecosystem continues to grow. The number of Ethereum rollups, or Layer 2 chains, surpassed 100 in 2024, a threefold increase from the end of 2023.